BSE List Price : ₹332.30

NSE List Price : ₹328.00

subscription

Category	Times
QIBs	2.66x
HNIs	3.14x
Retail	0.42x
Total : 1.64x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	1	46	₹14,720
Retail Maximum	13	598	₹191,360
S-HNI Minimum	14	644	₹206,080
S-HNI Maximum	67	3,082	₹986,240
B-HNI Minimum	68	3,128	₹1,000,960

About the Company

GSP Crop Science Limited, established in 1985, operates within the agrochemical sector and is engaged in the production of insecticides, herbicides, fungicides, and plant growth regulators.

The company focuses on developing and delivering crop protection products designed to enhance agricultural productivity. Its product range includes formulations, which blend active ingredients with additional substances to effectively manage pests, weeds, and plant diseases, as well as technicals, which are concentrated active ingredients used in the manufacture of agrochemical products.

GSP Crop Science Limited offers a broad portfolio of agrochemical products produced through its own manufacturing facilities and provides comprehensive solutions that cover product development, manufacturing, supply, and distribution of both formulations and technical products to address market requirements.

The company has also established long-standing relationships with domestic and international B2B clients, including major agrochemical companies. These partnerships support a wide customer network and contribute to business stability even during fluctuating market conditions.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹1206.05	₹1182.72	₹21.55	₹1132.13
2024	₹1158.23	₹1081.67	₹61.29	₹980.34
2025	₹1301.06	₹1191.38	₹82.14	₹1228.50
Sep 2025	₹847.61	₹739.86	₹81.06	₹1491.69

Company Promoter

Bhavesh Vrajmohan Shah

Tirth Kenal Shah

Vilasben Vrajmohan Shah

Falguni Kenal Shah

Alpha Trust

Kappa Trust

Know before investing

• • Strengths

  Diverse Agrochemical Product Range: The company provides an extensive portfolio of insecticides, herbicides, fungicides, and plant growth regulators in both formulation and technical forms, supported by 524 product registrations as of September 30, 2025.

  Strong Manufacturing Capabilities: The company operates five manufacturing units with significant production capacity for technicals, formulations, and intermediates, supporting efficient and sustainable manufacturing to cater to varied customer needs.

• • Risks

  Regulatory Approval and Licensing Risk: The company’s operations depend on obtaining and maintaining various statutory approvals and product registrations from regulatory bodies such as CIBRC. Any delay, failure to secure, renew, or retain these approvals may negatively impact business operations.

  Quality and Technical Compliance Risk: The company’s products must adhere to stringent quality and technical standards. Any shortcomings in manufacturing processes, raw material quality, or regulatory compliance could result in customer loss and harm the company’s reputation.

Objects of the Issue & Utilisation of proceeds

Repayment or pre-repayment of all or a portion of certain outstanding borrowings availed by the Company.

General Corporate Purpose.

Company  Address

GSP Crop Science Ltd.
404, Lalita Complex, Rasala Road,
Mithakhali Six Road,
Navrangpura,
Ahmedabad, Gujarat, 380009
Phone: +91 79 61915165
Email: cs@gspcrop.com
Website: http://www.gspcrop.in/

IPO Registrar

MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: gspcrop.ipo@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

IPO Review

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