Athira Sethu
Kochi, 12 March 2026
The initial public offering of agrochemical company GSP Crop Science will be open for subscription from March 16 and will close on March 18. The company has decided that the price band for the IPO will be between ₹304 and ₹320 per share. Through the IPO, the company aims to raise ₹400 crore from investors.
The public issue of the company comprises two parts. The first part is a fresh issue of shares worth ₹240 crore, where the company will issue fresh shares and raise funds from investors. The second part is an offer for sale of shares worth ₹160 crore, where existing promoters will be selling a part of their shares. The promoters who are offering their shares through the offer for sale are Vilasben Vrajmohan Shah, Kappa Trust, and Bhavesh Vrajmohan Shah.
The company said that the funds raised through the fresh issue of shares will be used for repaying a part of the existing loans of the company. A part of the funds will be used for general corporate purposes, which will be for supporting the business and growth of the company.
According to the company’s red herring prospectus (RHP), the company is expecting to gain from the listing on the stock exchanges. The company believes that the listing will enhance the brand recognition of the company. It will also provide a platform for the sale and purchase of shares by the investors in India.
For the interested investors who wish to apply for the shares, the details are as follows: one lot of the IPO consists of 46 shares. Investors may apply for shares in multiples of the lot size. The IPO issue size is following the general pattern. Qualified institutional buyers (QIBs) are allocated 50%, retail investors are allocated 35%, and non-institutional investors (NIIs) are allocated 15%.
The IPO process will be completed within a stipulated timeframe. The subscription window will remain open from March 16th to March 18th. Once the bidding process is over, the basis of allotment will be finalised on March 20th. Refunds will be made on March 23rd, and shares will also be credited on the same day. Finally, on March 24th, the company will list itself on stock exchanges.
GSP Crop Science was founded as an agrochemical research-based company. It has developed and manufactures crop protection products. It has developed herbicides, insecticides, fungicides, and plant growth regulators. These products are useful in protecting crops and improving agricultural productivity.
The company manufactures technical chemicals and formulations. Technical chemicals are concentrated active ingredients, while formulations are ready-to-use products that are made from active ingredients and other additives. These products are delivered through our distribution network, thereby providing crop protection products to farmers.
GSP Crop Science currently has customers in 37 countries and in India. This means that the company has become an important player in the agrochemical industry. Its IPO will definitely strengthen its financial position and increase its presence in the market.
