Incorporated in 1985, GSP Crop Science Limited is an agrochemical company engaged in the business of manufacturing insecticides, herbicides, fungicides and plant growth regulators.
The company provides crop protection solutions to help farmers increase productivity, offering formulations (active ingredients and additives) and technicals (concentrated active ingredients) for effective pest, weed, and disease control.
The company offers a diverse portfolio of in-house manufactured agrochemicals, providing crop protection solutions through the development, manufacturing, supply, and distribution of Formulations and Technicals to meet customer needs.
The company have served customers spread across 20 states in India in the six months ended September 30, 2025 and Fiscals 2025, 2024 and 2023.
The company’s international business is spread across 37 countries, including the United States of America, Uruguay, Brazil, Vietnam, Singapore, UAE and Australia during the six months ended September 30, 2025, Fiscals 2025, 2024 and 2023, including in Latin America, Asia Pacific (excluding India), North America and other geographies.
As of September 30, 2025 the company have received 524 registrations across Formulations and Technicals for agrochemicals. The company’s research and development efforts over the years have led to being granted 102 patents, and also have 108 patent applications under process as of March 10, 2026.
The company invests in R&D to develop and improve Formulations and Technicals, with dedicated facilities in Kathwada and Odhav for testing, commercialization, and producing complex chemistries for the agrochemical market.
Business Operations:
As of September 30, 2025, the company has 1,221 permanent employees.
Competitive Strengths:
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 1,491.69 | 1,228.50 | 980.34 | 1,132.13 |
| Total Income | 847.61 | 1,301.06 | 1,158.23 | 1,206.05 |
| Profit After Tax | 81.07 | 81.42 | 55.54 | 17.57 |
| EBITDA | 138.86 | 164.03 | 130.41 | 81.28 |
| NET Worth | 529.85 | 450.03 | 370.46 | 363.47 |
| Reserves and Surplus | 490.84 | 411.02 | 344.46 | 336.00 |
| Total Borrowing | 321.13 | 295.60 | 235.44 | 324.26 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or pre-repayment of all or a portion of certain outstanding borrowings availed by the Company | 170.00 |
| 2 | General Corporate Purpose | |
| Total | 170.00 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 15.62% | 18.38% |
| ROCE | 15.45% | 19.80% |
| Debt/Equity | 0.55 | 0.58 |
| PAT Margin | 9.56% | 6.26% |
| EBITDA Margin | 16.45% | 12.74% |
| Price to Book Value | 2.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 20.87 | 21.22 |
| P/E (x) | 15.34 | 9.18 |
| IPO Date | 16 to 18 Mar, 2026 |
| Listing Date | Tue, Mar 24, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹304 to ₹320 |
| Lot Size | 46 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,25,00,000 shares (agg. up to ₹400 Cr) |
| Fresh Issue | 75,00,000 shares (agg. up to ₹240 Cr) |
| Offer for Sale | 50,00,000 shares of ₹10 (agg. up to ₹160 Cr) |
| Share Holding Pre Issue | 3,90,18,750 shares |
| Share Holding Post Issue | 4,65,18,750 shares |
Bhavesh Vrajmohan Shah, Tirth Kenal Shah, Vilasben Vrajmohan Shah, Falguni Kenal Shah, Alpha trust and Kappa Trust are the promoters of the company.
| Share Holding Pre Issue | 98.32% |
| Share Holding Post Issue |
As per our analysis and Based on the information we have, this is the output.
Allah knows best.
If you find this result mistaken or questionable, let us know via email at info (@) halalstock.in
The IPO dashboard offers insights on the Latest Current & Upcoming IPOs in BSE & NSE. It also evaluates IPOs for Shariah compliance, ensuring alignment with Islamic principles for ethical investment choices.
Last Updated on March 14, 2026 Novus Loyalty Ltd. IPO Incorporated in 2011, Novus Loyalty is a technology-driven company that provides loyalty and rewards solutions for industries like Fintech, E-commerce,
Last Updated on March 14, 2026 GSP Crop Science Ltd. IPO Incorporated in 1985, GSP Crop Science Limited is an agrochemical company engaged in the business of manufacturing insecticides, herbicides,
Last Updated on March 12, 2026 Apsis Aerocom Ltd. IPO Incorporated in 2022, APSIS Aerocom Limited is engaged in precision engineering, specialising in the manufacture of components and related services
You can contribute as little as
100, 200, 500 & so…
every bit counts.
