GSP Crop Science Ltd. | Globe Capital Market LTD.
GSP Crop Science Ltd.
Closed
Price Band
₹304 to ₹320
IPO Issue Period
16 to 18 Mar, 2026
Issue Size
₹400 Cr
Face value
₹10 per share
Fresh issue
₹240 Cr
Offer for sale
₹160 Cr
Minimum Shares for Retail
46 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue IPO
Registrar to the Issue
MUFG Intime India Pvt. Ltd.
Tentative Listing Date
Tue, Mar 24, 2026
QIB
50%
NII
15%
Retail
35%

Equirus Capital Pvt.Ltd.
Motilal Oswal Investment Advisors Ltd.

Founded in 1985, GSP Crop Science Limited has established itself as a significant player in the agrochemical sector, specializing in the development and manufacture of insecticides, herbicides, fungicides, and plant growth regulators. The company operates a vertically integrated business model, producing both Technicals (concentrated active ingredients) and Formulations (end-use products) to enhance agricultural productivity.

GSP’s competitive edge is rooted in its robust R&D capabilities, supported by dedicated facilities in Kathwada and Odhav. As of March 2026, the company’s innovation pipeline is evidenced by 102 granted patents and over 500 product registrations. With a strong domestic presence spanning 20 Indian states, GSP has also successfully scaled its international footprint across 37 countries, including key markets in North America, Latin America, and the Asia-Pacific region. By balancing proprietary branding with licensed manufacturing, GSP continues to capture value across the global agricultural supply chain.

For the year/period ended (Rs. in Cr.)

FY25 FY24 FY23
Total Revenue 1301.06 1158.23 1206.05
Profit After Tax 81.42 55.54 17.57
EPS 21.20 13.49 4.20
EBITDA Margin (%) 12.74 11.32 6.75
PAT Margin (%) 6.26 4.80 1.46

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY25
Net Profits(Cr.)
FY25
GSP Crop Science Ltd 1488.6* 320 2.77 9.18 1301.06 81.42
PI Industries Limited 44620 2941 4.11 32.7 7978 1660
Sumitomo Chemical India Limited 19444 390 6.08 35.8 3090 502
Dhanuka Agritech Ltd 4379 971 2.84 16.5 2035 297
Bharat Rasayan Limited 2219 1335 1.87 15.7 1171 125

*Market cap @upper band

 

  • Well-diversified product portfolio including a wide range of insecticides, herbicides, fungicides, and plant growth regulators, making us a comprehensive solution provider for the customers.
  • Catering to a large and diverse clientele both domestically as well as internationally.
  • Strong in-house R&D capabilities with focus on innovation and product development
  • Robust manufacturing facilities with ability to manufacture a wide range of products with a focus on sustainability.
  • Led by qualified and experienced Promoters and supported by a professional management team

The Company GSP CROP SCIENCE LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • Repayment or pre-repayment of all or a portion of certain outstanding borrowings availed by the Company (Rs. 170 Cr.)
  • General Corporate Purpose

At the upper band of IPO Rs. 320, the stock is valued at 9.18 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.

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