About
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.
IPO schedule
| Issue open date | 2026-03-16 |
| Issue close date | 2026-03-18 |
| UPI mandate deadline | 2026-03-18 (5 PM) |
| Allotment finalization | 2026-03-20 |
| Refund initiation | 2026-03-23 |
| Share credit | 2026-03-23 |
| Listing date | 2026-03-24 |
| Mandate end date | 2026-04-02 |
| Lock-in end date for anchor investors (50%) | 2026-04-19 |
| Lock-in end date for anchor investors (remaining) | 2026-06-18 |
Financials
| Financial Year Ended | March 2024 | March 2025 | September 2025 |
| Total Assets | 980.34 | 1228.50 | 1491.69 |
| Revenue | 1158.23 | 1301.06 | 847.61 |
| Profit After Tax | 55.54 | 81.42 | 81.07 |
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.
Allotment Status for GSP Crop Science
To check your IPO allotment status:
- Visit the MUFG Intime India IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.