GSP Crop Science came to market through an IPO that opened on 16 March 2026 and closed on 18 March 2026, and the shares listed on 24 March 2026 on BSE, NSE. The price band was ₹304 to ₹320 per share and one lot was 46 shares, so the minimum application was ₹14,720. The issue size was ₹400 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
MUFG Intime India Pvt.Ltd was the registrar to the issue, and Equirus Capital Pvt.Ltd., Motilal Oswal Investment Advisors Ltd were the lead managers.
As of 18 March 2026.
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GSP Crop Science Limited is an agrochemical company that was incorporated in 1985 and is in the business of manufacturing insecticides, herbicides, fungicides, and plant growth regulators. The company offers crop protection solutions that help farmers achieve maximum productivity. It offers crop protection solutions in the form of formulations and technicals for effective control of pests, weeds, and diseases in plants.
The company offers diverse in-house manufactured agrochemicals and crop protection solutions through the development, manufacture, supply, and distribution of Formulations and Technicals to meet customer needs. The company has built long-term relationships with domestic and international B-to-B customers in the agrochemical industry and thus provides diversity in terms of customers in dynamic business conditions. As of September 30, 2024, the company received 507 registrations for its agrochemicals and holds 89 patents.
Revenue generated by the company through patented products for six months ended September 30, 2024, was ₹1,441.11 million (20.73%). The company invests in R&D to develop and improve Formulations and Technicals. It has dedicated facilities at Kathwada and Odhav for testing and commercialization of its products and for producing complex chemistries for the Agrochem industry.
As described in the offer document.
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GSP Crop Science raises Rs 120 crore via anchor book. The Mauritius-based Craft Emerging Market Fund PCC has emerged as the biggest anchor investor for the issue by investing Rs 80 crore for its nearly 25-lakh shareholding through two of its investment vehicles, Citadel Market Fund and Elite Capital Fund. Shine Star Build Cap has invested Rs 40 crore for its 12.5-lakh shareholding.
Bhavesh Vrajmohan Shah, Tirth Kenal Shah, Vilasben Vrajmohan Shah, Falguni Kenal Shah, Alpha trust, Kappa Trust. Promoter holding 98.32% before the issue.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
GSP Crop Science IPO was a ₹400 crore book-built issue, comprising a fresh issue of ₹240 crore and an offer for sale of ₹160 crore. It was priced at ₹304–₹320 per share with a lot size of 46 shares (₹14,720). The IPO was open from March 16 to March 18, 2026 and was subscribed 1.64x. Shares listed on BSE and NSE on March 24, 2026 at ₹328, a 2.5% premium to the issue price of ₹320. MUFG Intime India Pvt.
Ltd. is the registrar. Equirus Capital Pvt. Ltd. and Motilal Oswal Investment Advisors Ltd. are the book running lead managers.
The price band of GSP Crop Science IPO is ₹304 to ₹320 per share.
The lot size of GSP Crop Science IPO is 46 shares.
The minimum investment for GSP Crop Science IPO is approximately ₹14,720 based on the upper price band.
The allotment date of GSP Crop Science IPO is Mar 20, 2026.
GSP Crop Science IPO listed on Mar 24, 2026. It was issued at ₹328.0(NSE) and is currently around ₹441.00 as on 2-Nov-2026 3:30 PM, which is approximately 37.8% versus issue price. The 52-week high is ₹667.95.
You can check GSP Crop Science IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the GSP Crop Science IPO allotment status on Rupix for quick and easy access.
₹304 to ₹320 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 46 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,720.
₹14,720, for one lot of 46 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 16 March 2026 and closed on 18 March 2026.
The basis of allotment was published on 20 March 2026 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 24 March 2026 on BSE, NSE.
The issue size was ₹400 crore. The fresh issue was 75,00,000 shares (aggregating up to ₹240 crore). The offer for sale was 50,00,000 shares (aggregating up to ₹160 crore).