GSP Crop Science, an agrochemical manufacturer, made its debut on the domestic stock exchanges today with a positive listing. The company's shares were listed at a premium over the issue price of ₹320.84% increase. 00.02%.
Subscription Trends and Investor Response
The ₹400 crore Initial Public Offering (IPO) of GSP Crop Science was open for subscription from March 16 to March 18.64 times overall. 14 times subscription. 42 times the shares reserved for them.
IPO Structure and Utilization of Proceeds
The IPO comprised a fresh issue of equity shares worth ₹240 crore and an Offer for Sale (OFS) of 50 lakh shares with a face value of ₹10 each. Through the OFS route, promoters including Vilasben Vrajmohan Shah, Bhavesh Vrajmohan Shah, and Kappa Trust offloaded a portion of their holdings. 00 crore for the repayment of existing borrowings. The remaining funds are designated for general corporate purposes.
Business Operations and Product Portfolio
Established in 1985, GSP Crop Science is a specialized agrochemical firm producing insecticides, herbicides, fungicides, and plant growth regulators. As of March 10, 2026, the company holds 102 patents, with another 108 patent applications currently in the pipeline. Its domestic operations span across 20 Indian states. Globally, the company has established a presence in 37 countries, including major markets such as the USA, Brazil, Vietnam, Singapore, UAE, and Australia.
Financial Growth and Debt Position
The company has reported consistent growth in its financial performance over the last three fiscal years. 42 crore in FY2025.06 crore in FY2025.07 crore. 84 crore.