GSP Crop Science Secures ₹120 Crore from Anchor Investors Prior to Upcoming IPO

GSP Crop Science Limited IPO Update

Key Highlights:

• ₹120 crore raised from anchor investors ahead of the initial public offering (IPO)
• 37,50,000 equity shares allocated to anchor investors at ₹320 per share
• Equirus Capital Private Limited and Motilal Oswal Investment Advisors Limited as book-running lead managers
• MUFG Intime India Private Limited as the registrar of the offer

IPO Details:

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• ₹400 crore total issue size, comprising a fresh share sale of ₹240 crore and an offer for sale (OFS) of ₹160 crore
• IPO open for bidding from March 16, 2026, to March 18, 2026
• Price band of ₹304-₹320 per share
• 46 shares per lot, with a retail investor needing to invest ₹14,720 for one lot at the upper price band

Proceeds Allocation:

• ₹170 crore for repayment or prepayment of outstanding borrowings
• Remaining portion for general corporate purposes

Listing and Allotment:

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• Allotment status to be finalised on March 20, 2026
• Tentative listing date set for March 24, 2026

Company Overview:

• Specialises in the development and manufacturing of insecticides, herbicides, fungicides, and plant growth regulators in India
• Over 40 years of experience in the agrochemical industry
• Products supplied to over 35 international markets
• Revenue from operations: ₹1,152.16 crore in fiscal 2024
• Profit after tax (PAT): ₹61.29 crore in fiscal 2024, up from ₹21.55 crore in fiscal 2023