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.

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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.

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