India's GSP Crop Science to Launch ₹400-Crore IPO on Monday: Key Details Emerge

GSP Crop Science IPO: Key Highlights and Analysis

IPO Details

• Listing Date: March 24
• IPO Size: ₹400 crore (₹240 crore fresh share sale and ₹160 crore offer for sale)
• IPO Dates: March 16 (opening) to March 18 (closure), with allotment status finalized on March 20
• Price Band: ₹304-320 per share
• Lot Size: 46 shares
• Minimum Investment: ₹14,720 (based on upper price band)

Company Overview

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• GSP Crop Science is a leading agrochemical company specializing in the development and manufacturing of insecticides, herbicides, fungicides, and plant growth regulators in India
• Experience: Over 40 years in the agrochemical industry
• International Presence: Supplies to over 35 international markets

Financial Performance

• Revenue from Operations: ₹1,152.16 crore in fiscal 2024 (down from ₹1,203.31 crore in the preceding fiscal)
• Profit After Tax: ₹61.29 crore in fiscal 2024 (up from ₹21.55 crore in fiscal 2023)

Industry Outlook

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• Agrochemicals Market: ₹366 billion in fiscal 2025, with a compound annual growth rate (CAGR) of 12.4% from fiscals 2020 to 2025
• Food Demand: Projected to reach $1.2 trillion by fiscal 2026, driving growth in the sector

IPO Lead Managers

• Equirus Capital
• Motilal Oswal Investment Advisors
• Registrar: MUFG Intime India