GSP Crop Science IPO Opening Today on March 16 2026 For ₹400 Crore Issue At ₹304 To ₹320 Price Band

Mumbai, March 16: The GSP Crop Science IPO opening is scheduled for Monday, March 16 2026, when the agrochemical manufacturer launches its ₹400 crore bookbuilt public offering. The issue will remain open for subscription until March 18, 2026, according to the company’s offer documents.

The public issue combines a fresh issue of equity shares and an offer for sale by existing shareholders. The company intends to list its shares on the BSE and NSE, with the tentative listing date set for March 24, 2026.

Issue Structure And Offer Details

The total IPO size stands at ₹400 crore, comprising 1,25,00,000 equity shares.

The offer is structured in two parts:

• Fresh Issue: 75,00,000 shares aggregating up to ₹240 crore
• Offer For Sale: 50,00,000 shares aggregating up to ₹160 crore

Funds raised through the fresh issue will be used primarily for debt reduction and general corporate purposes, while the offer for sale allows certain existing shareholders to partially reduce their holdings.

According to the company’s filings, Equirus Capital Pvt Ltd is acting as the book running lead manager, and MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue.

Price Band And Lot Size

The company has fixed the price band at ₹304 to ₹320 per share, with a face value of ₹10 per equity share.

Investors can bid for a minimum lot of 46 shares, and in multiples thereafter.

Based on the upper price band of ₹320, the investment thresholds are as follows:

• Retail minimum application: ₹14,720 for 46 shares
• Retail maximum application: 598 shares amounting to ₹1,91,360
• S-HNI minimum application: 644 shares worth ₹2,06,080
• B-HNI minimum application: 3,128 shares worth ₹10,00,960

IPO Reservation Allocation

The issue will follow the standard regulatory allocation framework:

• Qualified Institutional Buyers: Up to 50 percent of the net offer
• Retail Individual Investors: Not less than 35 percent
• Non Institutional Investors: Not less than 15 percent

Company Background

GSP Crop Science Limited, incorporated in 1985, operates in the agrochemical manufacturing industry, producing a range of crop protection products including insecticides, herbicides, fungicides and plant growth regulators.

The company manufactures both technical active ingredients and finished formulations, which are used in pest control, weed management and crop productivity solutions.

Its products are supplied across more than 20 states in India, supported by a portfolio of in house manufactured agrochemical formulations and technicals.

Financial Performance

The company’s restated consolidated financial statements indicate steady profitability over the past few years.

For FY2025, the company reported:

• Total Income: ₹1,301.06 crore
• Profit After Tax: ₹81.42 crore
• EBITDA: ₹164.03 crore

In FY2024, profit after tax stood at ₹55.54 crore, while FY2023 recorded ₹17.57 crore.

For the six months ended September 30 2025, GSP Crop Science reported:

• Total Income: ₹847.61 crore
• Profit After Tax: ₹81.07 crore
• EBITDA: ₹138.86 crore

During the same period, the company reported a net worth of ₹529.85 crore, according to its financial disclosures.

Use Of IPO Proceeds

The company plans to use a portion of the funds raised through the fresh issue to strengthen its balance sheet.

According to the stated objects of the issue:

• ₹170 crore will be used for repayment or prepayment of certain borrowings
• Remaining funds will be allocated towards general corporate purposes

Reducing outstanding debt may help improve the company’s financial position and capital structure.

IPO Timeline

The tentative timeline for the public issue is as follows:

• IPO Opening Date: March 16 2026
• IPO Closing Date: March 18 2026
• Allotment Finalisation: March 20 2026
• Refund Initiation: March 23 2026
• Credit Of Shares: March 23 2026
• Tentative Listing Date: March 24 2026

Shares of GSP Crop Science are expected to begin trading on the BSE and NSE following completion of the allotment and settlement process.

Source: https://www.sebi.gov.in/filings/public-issues/mar-2026/gsp-crop-science-limited-rhp_100229.html