GSP Crop Science IPO

The GSP Crop Science IPO is a book-built issue of Rs 400 crore, comprising a fresh issue of 0.75 crore shares worth Rs 240 crore and an offer for sale of 0.50 crore shares worth Rs 160 crore, opening for subscription from Mar 16 to Mar 18, 2026, with allotment expected on Mar 20, 2026 and a tentative listing on BSE and NSE on Mar 24, 2026. The IPO’s price band is Rs 304 to Rs 320 per share, with a lot size of 46 shares, requiring a minimum retail investment of Rs 14,720, while sNII investors must apply for 14 lots (644 shares) amounting to Rs 2,06,080, and bNII investors for 68 lots (3,128 shares) amounting to Rs 10,00,960. Equirus Capital Pvt. Ltd. is the lead manager, and MUFG Intime India Pvt. Ltd. is the registrar for the issue.

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Company Financials

You can get the following financial statements of GSP Crop Science as of now.

GSP Crop Science IPO Details

The details about the GSP Crop Science IPO are as follows:

  • The issue size of the IPO is Rs 400.00 Cr.
  • The price band for GSP Crop Science IPO is Rs 304 to Rs 320.
  • The shares of GSP Crop Science IPO will list on BSE and NSE.
  • The latest tentative GMP of GSP Crop Science IPO is Rs 0.
  • The shares of GSP Crop Science IPO are subscribed 1.01 Times.

 

GSP Crop Science IPO Valuation

The approximate valuation of GSP Crop Science IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 320
Existing Shares (Qty) 3.90 Cr
Fresh Issue Rs 240.00 Cr
Market Cap Rs 1488 Cr
EPS (FY25) Rs 21.38
PE Ratio 14.96x
Industry PE 51.81x

 

GSP Crop Science IPO Issue Size

GSP Crop Science IPO issue size is Rs 400.00 Cr.

Issue Amount
Fresh Issue Rs 240.00 Cr
Offer For Sale Rs 160.00 Cr

 

GSP Crop Science IPO Market Lot

An individual can apply for a minimum of 1 lot of 46 shares and a maximum of 13 lots (598 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 46 Rs 14,720
Retail Maximum 13 598 Rs 1,91,360

 

GSP Crop Science IPO Share Offer

The shares of GSP Crop Science IPO are subscribed 1.01 Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not more than 50%
Non-Institutional Not less than 15%
Retail Individual Not less than 35%

 

GSP Crop Science IPO GMP (Grey Market Premium)

As on GMP (Tentative)
18 March 2026 Rs 0

GSP Crop Science IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

GSP Crop Science IPO Dates

Find below the dates for GSP Crop Science IPO

Schedule Date
Basis of Allotment 20 Mar 2026
Refunds 23 Mar 2026
Credit to Demat Account 23 Mar 2026
IPO Listing Date 24 Mar 2026

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Net Sales 1521.28 1309.43 1226.39 1408.69 1605.91
Total Expenditure 1388.72 1249.44 1125.14 1275.34 1455.85
Operating Profit 132.56 59.99 101.26 133.35 150.06
Other Income 10.98 2.73 11.24 17.32 21.7
Interest 23.39 36.69 33.96 29.83 32.05
Depreciation 18.49 19.76 18.95 19.25 16.38
Exceptional Items 0 0 0 0 -4.44
Profit Before Tax 101.67 6.28 59.59 101.59 118.89
Provision for Tax 25.64 1.35 15.24 26 29.05
Net Profit 76.02 8.23 46.03 76.31 89.84
Adjusted EPS (Rs.) 1.72 0.12 1.14 1.94 1.93

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity and Liabilities
Share Capital 29.48 27.48 26.01 39.02 46.52
Total Reserves 445.63 329.37 323.44 382.85 687.95
Borrowings 119.76 98.33 55.15 31.54 2.32
Other N/C liabilities -8.35 -5.51 -9.78 -10.25 -10.2
Current liabilities 652.47 653.96 526.9 722.09 765.54
Total Liabilities 1238.99 1103.64 948.23 1165.25 1492.13
Assets
Net Block 156.64 156.27 164.99 152.01 148.97
Capital WIP 9.09 14.53 4.67 12.09 23.17
Intangible WIP 0.27 0.23 1.2 7.86 15.9
Investments 1.68 2.79 7.94 22.84 25.02
Loans & Advances 23.21 37.65 10.16 63.45 90.65
Other N/C Assets 0.39 0.44 31.02 1.31 17.94
Current Assets 1047.72 891.74 728.26 905.71 1170.48
Total Assets 1238.99 1103.64 948.23 1165.25 1492.13
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2025 Mar 2026 Jun 2026
Other Income 3 10.19 10.2
Profit Before Tax -3.52 29.18 40.77
Tax -0.95 7.57 9.49
Profit After Tax -2.57 21.61 31.28
Adjusted EPS (Rs) -0.66 4.65 6.72

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2026 71.73 0
Mar 2026 71.73 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Profit from operations 101.67 6.28 61.83 102.55 118.89
Adjustment 40.81 61.57 54.24 50.39 45.5
Changes in Assets & Liabilities -202.23 59.45 68.93 -80.76 -102.87
Tax Paid -7.71 -26.11 -12.94 -22.26 -37.25
Operating Cash Flow -67.45 101.19 172.06 49.92 24.27
Investing Cash Flow -17.49 -45.37 16.76 -47.78 -41.21
Financing Cash Flow 157.57 -158.51 -176.68 -21.98 161.87
Net Cash Flow 72.62 -102.69 12.14 -19.84 144.93
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