GSP Crop Science IPO
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GSP Crop Science IPO details
Schedule of GSP Crop Science
| Issue open date | 16 Mar 2026 |
| Issue close date | 18 Mar 2026 |
| UPI mandate deadline | 18 Mar 2026 (5 PM) |
| Allotment finalization | 20 Mar 2026 |
| Refund initiation | 23 Mar 2026 |
| Share credit | 23 Mar 2026 |
| Listing date | 24 Mar 2026 |
| Mandate end date | 02 Apr 2026 |
| Lock-in end date for anchor investors (50%) | 19 Apr 2026 |
| Lock-in end date for anchor investors (remaining) | 18 Jun 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About GSP Crop Science
GSP Crop Science is a research-driven agrochemical company engaged in the development and manufacturing of crop protection products in India. The company focuses on products such as insecticides, herbicides, fungicides and plant growth regulators used in agriculture to improve crop yields and protect crops from pests and diseases. Its operations are organised into two primary business segments: Formulations and Technicals. The formulations segment produces finished agrochemical products that combine active ingredients with additives for use by farmers and agricultural customers. In contrast, the technicals segment manufactures concentrated active ingredients that serve as the base for these formulations. The company sells its products in both domestic and international markets and generates revenue primarily from the sale of agrochemicals. It also undertakes research and development activities and holds several process and product patents related to its agrochemical offerings.
Financials of GSP Crop Science
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 400 |
| Fresh Issue – Proceeds go to the company | 240 |
| Offer for sale – Proceeds go to the existing investors | 160 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment / Prepayment of secured borrowings | 170 (70.83%) |
| General corporate purposes | 70 (29.17%) |
Strengths
- Research-driven agrochemical company with over four decades of industry experience.
- Diversified product portfolio including insecticides, herbicides, fungicides and plant growth regulators.
- Integrated business model with both technical and formulation segments.
- Strong focus on research and development supported by product registrations and patents.
- Established manufacturing footprint with multiple production facilities in India.
Risks
- Business performance is linked to the agrochemical industry and agricultural demand cycles.
- Operations are subject to strict regulatory approvals and environmental compliance.
- Foreign exchange fluctuations may impact export revenues and costs.
- Raw material price volatility could affect operating margins.
- Exposure to competitive pressures in the agrochemical industry.