GSP Crop Science IPO Set to Debut on Dalal Street on March 16 with Rs 240 Crore Fresh Issue

GSP Crop Science IPO: Key Highlights

Company Overview GSP Crop Science, an Ahmedabad-based agrochemical company, is set to launch its maiden public issue for subscription on March 16. The company specializes in the manufacturing of insecticides, herbicides, fungicides, and plant growth regulators.

IPO Details The company aims to raise Rs 240 crore by issuing fresh shares, while promoters Vilasben Vrajmohan Shah, Bhavesh Vrajmohan Shah, and Kappa Trust will sell 50 lakh shares via an offer-for-sale. The price band for the offer will be announced separately by the company on March 12.

Share Allocation and Trading The one-day IPO anchor book will open on March 13, and the issue will remain open for the public till March 18. The finalisation of the IPO share allotment is scheduled on March 20, and the company's equity shares will be available for trading on the BSE and NSE from March 24.

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Utilization of Proceeds The company plans to utilize Rs 170 crore of the proceeds from the fresh issue for repaying debt, and the remainder for general corporate purposes. The offer-for-sale proceeds will go to the selling shareholders.

Financial Performance As of September 2025, GSP Crop Science had received 524 registrations across formulations and technicals for agrochemicals, while it had been granted 102 patents. Additionally, it also has 108 patent applications under process. The company has recorded healthy financial performance in recent years, with a profit of Rs 83.4 crore in FY25, growing 36 percent from Rs 61.3 crore in the previous year.

Competitors and Merchant Bankers GSP Crop Science competes with several listed peers, including PI Industries, Sumitomo Chemical, Dhanuka Agritech, Rallis India, Bharat Rasayan, India Pesticides, Excel Industries, and Heranba Industries. The merchant bankers managing the GSP Crop Science IPO are Equirus Capital and Motilal Oswal Investment Advisors.