GSP Crop Science Limited, a company specializing in the development & manufacturing of fungicides, herbicides, insecticides, and plant growth regulators in India, made a fine listing on Tuesday, March 24, 2026.

A reasonable listing was expected, as the company’s ₹400 Crore IPO received a 1.61 times subscription (according to the National Stock Exchange data) during March 16-18.

The shares of GSP Crop Science were listed at ₹328 apiece on the NSE, a premium of 2.5 percent, against the IPO price band of ₹304 – ₹320.

On the Bombay Stock Exchange, the company’s shares were listed at ₹332.30 per share, representing a premium of 3.85 percent.

The Stock made an intra-day high of ₹364 and a low of ₹328 before closing at ₹356.25 (up 11.3 percent) on the NSE at the market’s close.

In terms of volumes, GSP_Crop_Science traded with 8,598,096 shares on the NSE.

Finblab.com view (at the time of IPO)

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much time and effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

13 March 2026

GSP Crop Science Limited, a research-driven agrochemical company in India, plans to raise ₹400 crore through an initial public offering.

[Fresh Issue ₹240 Cr + OFS ₹160 Cr]

Gsp crop science ipo price is ₹304 – ₹320 per share

GSP Crop Science: History

The Company was originally incorporated as Gujarat Superphosphate Industries Private Limited, a private limited company under the Companies Act, 1956, on February 12, 1985.

The Company was then converted into a public limited company under a special resolution passed in the EGM by the shareholders on October 7, 2024.

Its name was subsequently changed to GSP Crop Science Limited under a fresh certificate of incorporation issued by the RoC on November 6, 2024.

GSP Crop Science: Business

GSP Crop Science Ltd is a research-driven agrochemical company, specializing in the development and manufacturing of insecticides, fungicides, herbicides, and plant growth regulators (PGRs) in India.

Find the Gsp crop Science product list.

The Company mainly provides crop protection solutions to its clients.

These solutions are designed to support farmers in maximizing productivity and achieving optimal agricultural output through the development, manufacturing, supply, and distribution of

1. Formulations, and
2. Technicals.

According to the ICRA Report, GSP has a proven track record of introducing Formulations and Technicals to the Indian agrochemicals market.

As of December 31, 2025, GSP Crop has an annual aggregated installed capacity of 43,672 MTPA for Formulations and 15,120 MTPA for Technicals.

Patents

The company’s constant research and development (R&D) efforts over the last 39 years have led to the grant of 102 patents.

It also has 108 patent applications under process as of the date of this Draft Red Herring Prospectus.

Manufacturing Facilities

As of September 30, 2025, the company has four manufacturing facilities located at,

1. Odhav (Ahmedabad, Gujarat),
2. Kathwada (Ahmedabad, Gujarat),
3. Nandesari (Vadodara, Gujarat), and
4. Samba (UT of Jammu & Kashmir).

Client List

GSP has adopted a multi-faceted approach by establishing a presence in both international and domestic markets.

For the International Business, the company catered to clients in 39 countries, including those in the Asia Pacific (excluding India), Latin America, North America, and other geographies.

For the Domestic Business, the company caters to Bharat Rasayan Limited, Dharmaj Crop Guard Limited, Indogulf Cropsciences Limited, SML Limited, Willowood Chemicals Limited, and Agrico Organics Limited.

ALSO READ – Happy Forgings Limited (Value Pick Stock March 2026)

Strategies Ahead

• Expand product offerings by leveraging R&D capabilities.
• Expand into international markets and capitalize on the growing agrochemical industry.
• Diversify client base and increase wallet share with existing customers.
• Optimization of manufacturing capabilities through backward integration.
• Focus on improving operational efficiencies.
• Reduction of leverage and borrowings.

Company Promoters

1. Bhavesh Vrajmohan Shah,
2. Tirth Kenal Shah,
3. Vilasben Vrajmohan Shah,
4. Falguni Kenal Shah,
5. Alpha Trust,
6. Kappa Trust.

Refer to the GSP Crop Science DRHP for further details.

IPO Details

IPO date: 16 – 18 March 2026

Minimum Amount: ₹14,720

Minimum Bid: 46 Shares

Face Value: ₹10

Listing On: NSE, BSE

Object of the IPO

(1) Full (part) repayment of outstanding secured borrowings, and

(2) General corporate purposes.

Financial

Book Running Lead Managers

Equirus Capital
Motilal Oswal Investment Advisors

CONCLUSION

Considering financial performance, nature of the business, and the above-listed  factors in mind, FinBlab recommends ‘MAY SUBSCRIBE‘ ratings on GSP Crop Science IPO.

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much time and effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post GSP Crop Science IPO Review, Update appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

[Fresh Issue ₹255 Cr + OFS ₹68 Cr]

Innovision ipo price is ₹521 – ₹548 per share

Innovision: History

The Company was initially incorporated as SRT Innovision Services Private Limited, a private limited company, under the Companies Act, 1956, on January 11, 2007.

The Company was then converted into a public limited company under a special resolution passed by the shareholders in the EGM on November 19, 2010.

Its name was subsequently changed to Innovision Limited under a fresh certificate of incorporation issued by the Registrars of Companies on March 2, 2011.

Innovision: Business

Innovision Ltd. is in the business of providing toll plaza management, manpower services, and skill development training to its clients nationwide.

The Company started its business operations with a single service domain, providing manned private security services in the year 2007, and gradually diversified its business to provide a suite of manpower services.

Key clients of the company in India include healthcare, retail, warehousing, logistics, and the BFSI sector.

As of December 31, 2025, Innovision had provided services to over 1,000 client locations and over 180 clients in a variety of industries.

India Presence

The Company operates in 3 union territories and 22 states in India.

It possessed a license to provide manned private security services under the PSARA Act in 18 States and 4 Union Territories in India.

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Strategies Ahead

• Leveraging capabilities to increase the scale of operations
• Bids for more toll plazas and targeting new clients in manpower services
• Adoption of technologies to diversify the manpower services portfolio
• Grow client base for integrated facility management services.
• Expanding into the Drone Training and Manufacturing Industry
• Expansion of footprint outside India

Company Promoters

1. Lt Col Randeep Hundal,
2. Uday Pal Singh.

Refer to Innovision DRHP for detailed information.

IPO Dates

IPO Details

Object of the IPO

(1) Full (part) repayment of outstanding secured borrowings,

(2) Funding Working Capital requirements,

(3) General corporate purposes.

Financial

Book Running Lead Manager

Emkay Global Financial Services

CONCLUSION

Considering general business conditions, financial performance, and the above-listed factors in mind, FinBlab recommends ‘MAY SUBSCRIBE‘ ratings on Innovision Limited IPO.

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much time and effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Innovision IPO Review appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Happy Forgings: History

The Company was originally incorporated as Happy Forgings Private Limited, a private limited company, under the Companies Act, 1956, at Jalandhar, Punjab, India, on July 2, 1979.

It was then converted into a public limited company under a special resolution passed by the shareholders at the extraordinary general meeting (EGM) on March 31, 1998.

Its name was subsequently changed to Happy Forgings Limited under a fresh certificate of incorporation issued by the Registrars of Companies on April 1, 1998.

Happy Forgings: Business

According to the Ricardo Report, Happy Forgings is the 4th largest engineering-led manufacturer of complex and safety-critical, heavy forged and high-precision machined components in India (in terms of forgings capacity).

The Company is engaged in engineering, process design, testing, manufacturing, and supply of a variety of components that are margin accretive and value-additive.

It has 40 years of experience in manufacturing and supplying high-quality complex components according to clients’ specifications.

The company has emerged as a leading player in the domestic crankshaft manufacturing industry, and the second-largest production capacity for commercial vehicle and high horse-power industrial crankshafts in India.

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Product Portfolio

The Company manufactures a wide range of heavy forged and machined products which include crankshafts, front axle beams, steering knuckles, differential cases, transmission parts, pinion shafts, suspension products, and valve bodies.

The Company primarily caters to domestic and global original equipment manufacturers (OEMs), manufacturing commercial vehicles in the automotive sector.

While in the non-automotive sector, it caters to manufacturers of farm equipment, off-highway vehicles, and manufacturers of industrial equipment and machinery for oil and gas, power generation, railways and wind turbine industries.

Client List

The company’s prestigious client list includes Ashok Leyland Limited, International Tractors Limited, JCB India Limited, Mahindra & Mahindra Limited, Cameri SPA, SML ISUZU Limited, Swaraj Engines Limited, Tata Cummins Private Limited, and Watson & Chalin India Private Limited.

Manufacturing Facilities

The Company owns and operates three manufacturing facilities, of which two are located at Kanganwal in Ludhiana, Punjab, India, and one is located at Dugri in Ludhiana, Punjab, India.

ALSO READ – Sedemac Mechatronics IPO Review

Capacity Expansion

Happy Forgings Ltd installed a 6,300-tonne forging press in Q1 FY25 and will add more machining capacity (1,500 MT in Q1 FY25, 4,500 MT in Q2 FY25, and 5,000 MT in Q3 FY25), source – company website.

Listed On

The share of Happy Forgings Limited is presently listed on the Bombay Stock Exchange (BSE), CODE 544057, and National Stock Exchange (NSE) as HAPPYFORGE.

Stock Info

Share Holding Pattern

Financial

Conclusion

Happy Forgings is the 4th largest engineering-led manufacturer of complex and safety critical, heavy forged and high-precision machined components in India.

Promoters of the company hold more than 78 percent stake in the company.

Along with this, some of the top institutions, such as Aditya Birla Sun Life, Business Excellence Trust, Ikigai Emerging Equity Funds, Kotak Mutual Fund, and SBI Mutual Fund, hold more than a 1 percent stake in the company (as of December 2025).

The Company reported strong Q3 FY26 results with a 10.4% Y-o-Y revenue growth (increased to ₹391 crore) and a 22.3% rise in profit after tax (PAT) to ₹79 crore, driven by high-volume, precision-forged components.

On the technical front, Happy Forgings share is trading above its 20-day SMA (1,250) and 200-day SMA (1,020) on the daily chart.

Considering the above-listed factors in mind, Happy Forgings Limited looks good at ₹1200 – ₹1250.

FinBlab recommends investing in a stock keeping a long-term (2 to 3 years) view in mind. (One can accumulate on decline also).

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Happy Forgings Limited: Value Pick Stock March 2026 appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Clean Max Enviro Energy Solutions Limited, India’s largest Commercial & Industrial (C&I) renewable energy provider, made a weak debut on the bourses on Monday, March 02, 2026.

The weak (disappointing) listing was anticipated as the company’s ₹3,100 Crores Initial Public Offering received just 81 percent subscription (according to National Stock Exchange data) during February 23-25.

ALSO READ – oswal pumps news

The shares of Clean Max were listed at ₹960 apiece on the NSE, against the IPO price band of ₹1000 – ₹1053, representing a discount of 9%.

On the Bombay Stock Exchange (BSE), the shares of the company were listed at ₹952 per share, a reduction of 9.57%.

The Stock made an intra-day high of ₹960 and a low of ₹768 before closing at ₹867.50 (down 18 percent) on the NSE at the market’s close.

In terms of volumes, Clean Max Energy traded with 6,824,962 shares on the NSE.

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20 February 2026

Clean Max Enviro Energy Solutions Limited, a leading industrial and commercial renewable energy provider in India, is planning to raise ₹3,100 crore through an Initial Public Offering (IPO).

[Fresh Issue ₹1,200 Cr + OFS ₹1,900 Cr]

Clean max enviro energy solutions ipo price is ₹1000 – ₹1053 per share

Clean Max Enviro Energy: History

The company was originally incorporated as Clean Max Enviro Energy Solutions Private Limited, at Mumbai, Maharashtra, India, as a private limited company under the provisions of the Companies Act, 2013, on September 29, 2010.

It was then converted into a public limited company under a special resolution passed by the shareholders at the extraordinary general meeting (EGM) on July 14, 2025.

Its name was subsequently changed to Clean Max Enviro Energy Solutions Limited under a fresh certificate of incorporation issued by the Registrars of Companies (RoC) on August 7, 2025.

Clean Max Enviro Energy: Business

With nearly 15 years of experience since its inception in 2010, Clean Max specializes in delivering Net Zero and decarbonization solutions.

The Company offers a range of renewable energy offerings to clients under two business segments:

1. Renewable Energy Power Sales Segment; and
2. Renewable Energy Services Segment.

Its expertise spans providing energy contracting, EPC services, and operation and maintenance services of renewable energy plants, including wind, solar, and hybrid plants, within clients’ premises and within CleanMax-developed renewable energy farms.

The Company provides its services to data centres, AI and technology industries, and commercial & industrial enterprises across a range of sectors, including cement, FMCG, infrastructure, industrial manufacturing, pharmaceuticals, real estate, steel, and global capability centres (GCC).

Clean Max also provides end-to-end decarbonization solutions to clients, including turnkey development and O&M solutions for renewable energy power plants, as well as carbon credits solutions.

Largest Energy Provider

According to the CRISIL report, Clean Max is India’s largest commercial and industrial (C&I) renewable energy provider, as of March 31, 2025.

Capacity

As of July 31, 2025, Clean Max has 2.54 gigawatt (GW) of operational, owned, and managed capacity and an additional 2.53 GW of contracted capacity under execution.

Strategies Ahead

• Preserving Core Purpose and Values
• Evolving Operating Practices and Strategies

Company Promoters

1. Kuldeep Jain,
2. Pratap Jain,
3. Nidhi Jain,
4. BGTF One Holdings (DIFC) Limited,
5. Kempinc LLP

Refer to Clean Max Enviro DRHP for detailed information.

IPO Details

ipo date: 23 Feb – 25 Feb 2026

Minimum Amount: ₹14,742

Minimum Bid: 14 Shares

Face Value: ₹1

Listing On: NSE, BSE

Financial

Book Running Lead Managers

Axis Capital, BNP Paribas, BOB Capital, HSBC Securities and Capital Markets, IIFL Capital, Nomura Financial Advisory, SBI Capital, and J.P.Morgan India.

CONCLUSION

FinBlab recommends ‘NEUTRAL‘ ratings on Clean Max Enviro Energy Solutions Limited IPO.

Do come back to know more about “upcoming ipos“

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Clean Max Enviro Energy IPO Review, Update appeared first on Upcoming ipos: Latest news on stocks, economy & finance.