GSP Crop Science Limited, an agrochemical company engaged in the manufacturing and marketing of crop protection products, has announced the launch of its Initial Public Offering (IPO).

The IPO will open for subscription on March 16, 2026, and will close on March 18, 2026.

Through this public issue, the company aims to raise ₹400 crore, consisting of a fresh issue of shares and an offer for sale (OFS).

Following the completion of the IPO process, the company’s shares are expected to list on both the BSE and NSE on March 24, 2026, subject to regulatory approvals.

About GSP Crop Science Limited

GSP Crop Science Limited is an India-based agrochemical company engaged in the manufacturing, formulation, and marketing of crop protection products.

The company develops and supplies agrochemical products that help farmers protect crops from pests, weeds, and diseases, thereby improving agricultural productivity.

Its product portfolio includes:

• Insecticides
• Herbicides
• Fungicides
• Plant growth regulators

These products play an essential role in modern agriculture by safeguarding crops and improving yield quality and quantity.

Product Applications in Agriculture

The company’s agrochemical products are widely used across several agricultural crops.

These include:

• Cotton
• Rice
• Wheat
• Pulses
• Vegetables

Crop protection products help farmers control pests and plant diseases, reduce crop damage, and enhance productivity.

With increasing demand for higher agricultural output, agrochemicals have become an important part of modern farming practices.

Revenue Sources

GSP Crop Science generates revenue through a combination of domestic sales and international exports.

Its revenue streams include:

Domestic Agrochemical Sales

The company supplies crop protection products to farmers, distributors, and agricultural retailers across India.

Export Business

It also exports agrochemical formulations and technical products to international markets, expanding its global footprint.

Exports help agrochemical companies diversify revenue sources and access growing agricultural markets worldwide.

GSP Crop Science IPO Structure

The GSP Crop Science IPO is structured as a Book Built Issue.

Key details of the issue include:

• Total Issue Size: ₹400.00 crore
• Fresh Issue: ₹240.00 crore
• Offer for Sale (OFS): ₹160.00 crore

The fresh issue proceeds will be received by the company, which may be used for business expansion, manufacturing capacity enhancement, working capital requirements, and general corporate purposes.

The offer for sale portion allows existing shareholders to sell part of their holdings through the IPO.

IPO Price Band and Valuation

The price band for the GSP Crop Science IPO has been set between ₹304 and ₹320 per equity share.

At the upper price band of ₹320, the company’s post-listing market capitalisation is estimated at around ₹1,488.60 crore.

Investors can place bids within this price range during the IPO subscription period.

IPO Timeline

Important dates related to the GSP Crop Science IPO include:

• IPO Opening Date: March 16, 2026
• IPO Closing Date: March 18, 2026
• Allotment Finalisation: March 20, 2026 (Expected)
• Listing Date: March 24, 2026 (Tentative)
• Stock Exchanges: BSE and NSE

These dates outline the expected schedule from subscription to listing.

Lot Size and Minimum Investment

The IPO has a defined lot size requirement for investors.

• Lot Size: 46 shares

Retail investors can apply for a minimum of one lot, which equals 46 shares.

At the upper price band of ₹320, the minimum investment required will be:

• ₹14,720

For High-Net-Worth Individuals (HNIs):

• Minimum Application: 14 lots
• Total Shares: 644 shares
• Minimum Investment: ₹2,06,080

This structure allows retail investors to participate with a relatively modest investment amount.

IPO Management and Registrar

The IPO process is being managed by several financial institutions.

• Book Running Lead Managers: Equirus Capital Private Limited and Motilal Oswal Investment Advisors Limited
• Registrar to the Issue: MUFG Intime India Private Limited

The lead managers coordinate the IPO process and investor outreach, while the registrar manages share allotment and application processing.

GSP Crop Science IPO Grey Market Premium

The Grey Market Premium (GMP) for the GSP Crop Science IPO is currently reported at around ₹0.

The grey market refers to an unofficial market where IPO shares are traded before they are officially listed on stock exchanges.

However, investors should note that:

• Grey market trading is unregulated
• Prices depend on informal demand and supply
• GMP does not guarantee actual listing performance

Therefore, it should be viewed only as an informal indicator rather than a reliable predictor of listing gains.

Agrochemical Industry in India

The agrochemical industry in India plays a crucial role in supporting the country’s agricultural sector.

Crop protection products help farmers:

• Prevent crop losses due to pests and diseases
• Increase agricultural productivity
• Improve crop quality and yields

India is also emerging as a major exporter of agrochemical products, supplying formulations and technical chemicals to global markets.

With rising demand for food security and agricultural efficiency, the agrochemical sector continues to expand.

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