Quick Stats
Listing Price
328
(2.50%)
Subscription
1.61x
Allotment Status
Out
Last Updated
24-03-2026 07:16 PM
GSP Crop Science Limited IPO – Live GMP, Review & Analysis
GSP Crop Science Limited IPO GMP Today - ₹2 (0.63%)
Last updated: 24-03-2026 10:00 AM
Grey Market Premium Analysis
As of today, the latest Grey Market Premium (GMP) for GSP Crop Science Limited IPO is ₹2. Considering the upper price band of ₹320, the estimated listing price is ₹322 (Cap Price + GMP). This indicates a listing gain of 0.6% per share. The GMP trend has been Up over the last 3 days.
GMP Trend Analysis
| Date | GMP Price | Est. Listing Gain | Trend |
|---|---|---|---|
| 24-03-2026 | 2 | ₹92 | Neutral |
| 23-03-2026 | 2 | ₹92 | Up |
| 22-03-2026 | 0 | ₹0 | Neutral |
| 21-03-2026 | 0 | ₹0 | Neutral |
| 20-03-2026 | 0 | ₹0 | Neutral |
| 19-03-2026 | 0 | ₹0 | Neutral |
| 18-03-2026 | 0 | ₹0 | Neutral |
| 17-03-2026 | 0 | ₹0 | Neutral |
| 16-03-2026 | 0 | ₹0 | Neutral |
GSP Crop Science Limited IPO Date, Price Band & Lot Size
Price Band
₹304-320
Lot Size
46 shares
Cutoff Investment
14720
Promoter Holding
Open
Mar 16, 2026
Close
Mar 18, 2026
Allotment Date
Mar 20, 2026
Listing Date
Mar 24, 2026
Issue Size
400
GSP Crop Science Limited IPO Review: Business Model
*This section provides a detailed description of GSP Crop Science Limited IPO's business operations and market position.
GSP Crop Science Limited IPO Financial: Revenue, Profit & Margins
Key financial metrics over recent years.
*Values in Cr
Revenue
₹1287 Cr
Net Profit
₹81 Cr
EBITDA
₹164 Cr
ROE
18.38%
ROCE
19.80%
Debt/Equity
0.58x
PAT Margin
6.26%
Peer Comparison
Agrochemicals / Crop Protection • FY24
| Company | Revenue (₹ Cr) | PAT (₹ Cr) | EBITDA Margin | P/E | Market Cap (₹ Cr) | Comment |
|---|---|---|---|---|---|---|
GSP Crop Science Limited (IPO Company) IPO Company | 1,152.16 | 55.54 | 11.32% | 26.80 | 1,488.6 | Operates as a research-driven agrochemical manufacturer, focusing on formulations and technicals such as insecticides and herbicides for domestic and export markets. |
PI Industries Ltd | 7,665.8 | 1,671 | 26.3% | 26.20 | 43,942.12 | An established entity in the agrochemicals sector with a strong focus on custom synthesis and manufacturing (CSM) alongside domestic crop protection products. |
Sumitomo Chemical India Ltd | 2,843.9 | 369.5 | 16.7% | 69.00 | 19,029.93 | Engaged in manufacturing, importing, and marketing agrochemicals, animal nutrition, and environmental health products with a broad domestic distribution network. |
Dhanuka Agritech Ltd | 1,758.54 | 239.09 | 18.6% | 26.20 | 4,396.94 | Focuses on the formulation and marketing of plant protection agrochemicals in India, maintaining strategic tie-ups with global innovators. |
Analysis & Interpretation
The peer group comprises companies operating within the agrochemicals and crop protection sector. While PI Industries and Sumitomo Chemical operate at a significantly larger scale with diversified revenue streams including custom synthesis and global parentage respectively, GSP Crop Science and Dhanuka Agritech focus heavily on formulations and technicals for domestic agriculture. These differences in business models, scale of operations, and product portfolios result in varying EBITDA margins and valuation multiples across the selected peers.
Note: The peer group includes companies with different business models and commodity exposure. Financial metrics are provided for sectoral context and may not represent direct business equivalence.
Source: Company annual reports and publicly available financial data (FY24).
This peer comparison is for informational purposes only and is based on publicly available financial data. It does not constitute investment advice or a recommendation to buy or sell any security.
IPO Objectives (Use of Funds)
Debt Repayment
₹170 Cr(71%)Repayment or pre-payment, in full or part, of certain outstanding borrowings availed by the company.
General Corporate Purposes
TBD(Up to 25%)Funding towards general corporate purposes, which will not exceed 25% of the gross proceeds.
Offer for Sale
TBD(N/A)The company will not receive any proceeds from the Offer for Sale. All OFS proceeds will go directly to the respective selling shareholders.
Note: Objectives are as per offer documents. Utilisation may vary.
Source: RHP
For informational purposes only.
Anchor Investor List & Allocation Details
Key institutional investors who subscribed to the IPO prior to opening.
| Investor Name | Category | Shares Allocated | Amount (Cr) |
|---|---|---|---|
| SBI Mutual Fund | Mutual Fund (MF) | 80,00,000 | ₹320.00 Cr |
| ICICI Prudential AMC | Mutual Fund (MF) | 40,00,000 | ₹160.00 Cr |
| HDFC Mutual Fund | Mutual Fund (MF) | 30,00,000 | ₹120.00 Cr |
| Government of Singapore | FPI | 50,00,000 | ₹200.00 Cr |
| Vanguard Emerging Markets | FPI | 25,00,000 | ₹100.00 Cr |
| Nippon Life India AMC | Insurance | 15,00,000 | ₹60.00 Cr |
| Max Life Insurance | Insurance | 10,00,000 | ₹40.00 Cr |
SWOT Analysis (Pros & Cons)
Comprehensive analysis of Strengths, Weaknesses, Opportunities, and Threats.
Strengths
- •Diversified portfolio of insecticides, herbicides, fungicides, and plant growth regulators.
- •In-house R&D capabilities driving innovation and patented product development.
- •Manufacturing facilities equipped for high capacity and sustainable operations.
- •Established relationships with a diverse domestic and international agrochemical clientele.
Weaknesses
- •Pending product registrations with regulatory authorities may delay operational rollouts.
- •Absence of long-term supply contracts causes exposure to price volatility.
- •Stringent quality specifications and technical standards increase strict compliance pressure.
Opportunities
- •Expansion into high-growth and under-penetrated Latin American markets like Brazil.
- •Development of generic molecules for agrochemical products that go off-patent.
- •Securing new international registrations to penetrate additional global geographic regions.
Threats
- •Exposure to international trade barriers, tariffs, and restrictive foreign policies.
- •Increases in raw material costs could negatively impact business profitability.
- •Potential revocation of statutory licenses and permits due to non-compliance.
IPO Video Analysis (External)
Detailed analysis of GSP Crop Science Limited IPO Analysis by market experts.
*Video embedded for convenience. Click the play button to load the content from YouTube.
Disclaimer: This video is shared for informational and educational purposes only. The views expressed are those of the respective creator and do not constitute investment advice.