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Open Date
Mar 16, 2026
Close Date
Mar 18, 2026
Min Investment
₹14,720
Lot Size
46 Shares
Issue Size
₹400 Cr
Price Range
₹304 - ₹304
Listing Date
Mar 24, 2026
GSP Crop Science Limited is an agrochemical company that was incorporated in 1985 and is in the business of manufacturing insecticides, herbicides, fungicides, and plant growth regulators. The company offers crop protection solutions that help farmers achieve maximum productivity. It offers crop protection solutions in the form of formulations and technicals for effective control of pests, weeds, and diseases in plants. The company offers diverse in-house manufactured agrochemicals and crop protection solutions through the development, manufacture, supply, and distribution of Formulations and Technicals to meet customer needs. The company has built long-term relationships with domestic and international B-to-B customers in the agrochemical industry and thus provides diversity in terms of customers in dynamic business conditions. As of September 30, 2024, the company received 507 registrations for its agrochemicals and holds 89 patents. Revenue generated by the company through patented products for six months ended September 30, 2024, was ₹1,441.11 million (20.73%). The company invests in R&D to develop and improve Formulations and Technicals. It has dedicated facilities at Kathwada and Odhav for testing and commercialization of its products and for producing complex chemistries for the Agrochem industry.
Sotefin Bharat
| Companies Name | Open - Close | Issue Size | Min. Qty | Issue Price | Apply |
|---|---|---|---|---|---|
Sotefin Bharat SME | 16th Jul 2026 - 20th Jul 2026 | 89.76 Cr | 600 Shares | ₹ 178.00 | |
Caliber Mining & Logistics Mainboard | 17th Jul 2026 - 21st Jul 2026 | 450.00 Cr | 35 Shares | ₹ 402.00 |
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The company will make a repayment of ₹170 crore for the borrowings availed by the business. Part of the IPO proceeds will be used for general corporate purposes and issue expenses
Repayment of borrowings
70.83%
General corporate purposes
29.17%
The company will make a repayment of ₹170 crore for the borrowings availed by the business.
Part of the IPO proceeds will be used for general corporate purposes and issue expenses
Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).
In Cr.
| Key Performance Indicator | 30-Sep-25 (In Cr.) | 31-Mar-25 (In Cr.) | 31-Mar-24 (In Cr.) | 31-Mar-23 (In Cr.) |
|---|---|---|---|---|
| Revenue | 847.61 | 1,301.06 | 1,158.23 | 1,206.05 |
| EBITDA | 138.86 | 164.03 | 130.41 | 81.28 |
| Expenses | ||||
| Profit After Tax | 81.07 | 81.42 | 55.54 | 17.57 |
| Assets | 1,491.69 | 1,228.50 | 980.34 | 1,132.13 |
| Net Worth | 529.85 | 450.03 | 370.46 | 363.47 |
| Reserves | 490.84 | 411.02 | 344.46 | 336.00 |
| Borrowing | 321.13 | 295.60 | 235.44 | 324.26 |
Bhavesh Vrajmohan Shah
Tirth Kenal Shah
Vilasben Vrajmohan Shah
Falguni Kenal Shah
Alpha trust
Kappa Trust
98.32%
N/A
GSP Crop Science
404, Lalita Complex, Rasala Road, Mithakhali Six Road, Navrangpura, Ahmedabad, Gujarat, 380009
MUFG Intime India Pvt.Ltd.
The company has five manufacturing plants located at various places in Gujarat and Jammu & Kashmir. The total installed capacity of the company is 15,120 MTPA for technicals, 43,672 MTPA for formulations, and 5,400 MTPA for intermediates. The newly commissioned Saykha plant at Dahej is a plant for intermediates. The backward integration strategy is also a part of this plant to reduce dependence on imported raw materials, mainly from China, which currently accounts for more than 42% of imports.
The company requires a consistent supply of raw materials and intermediates for the manufacture of agrochemical formulations and technical products. Any disruption in the supply of raw materials and intermediates, including import supply chain risk from China or geopolitical risk from India-China trade relations, may impact the supply of raw materials and increase the cost of procurement.
There is a risk related to the efficacy of products in the agrochemical industry. Insect resistance to commonly used insecticides may impact the efficacy of products over a period. If the company is unable to innovate and develop new products, its existing products may lose demand, impacting revenue.
The company’s subsidiaries, GSP Intermediates Private Limited, incurred losses of ₹8.179 crore in H1FY26, ₹6.203 crore in FY25 and earlier also. GSP Agroquimica Do Brazil LTDA has just begun test operations and has yet to begin commercial-scale production. Continued losses or delayed ramp-up of these subsidiaries may impact consolidated profitability and cash flows.