GSP Crop Science Limited
Promoters Bhavesh Vrajmohan Shah · Tirth Shah · Falguni Kenal Shah · Shah Vilasben Vrajmohan · Alpha Trust · Kappa Trust
Against an issue price of ₹320. Split- and bonus-adjusted official closes — a past move, never a forecast.
GSP Crop Science Limited raised ₹400 crore through a mainboard initial public offer.
The filing places it in Fertilizers & Agrochemicals and names six promoters: Bhavesh Vrajmohan Shah, Tirth Shah, Falguni Kenal Shah, Shah Vilasben Vrajmohan, Alpha Trust and Kappa Trust.
The book was open from 16 March 2026 to 18 March 2026.
The issue was priced at ₹320 a share, from a band of ₹304 to ₹320.
Of the offer, ₹240 crore is a fresh issue of shares — money that goes to the company — and ₹160 crore is an offer for sale, which goes to existing shareholders selling down. Valued at the final issue price.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
The shares listed on 24 March 2026.
The last official close on file is ₹430 (5 November 2026), which is 34.5% above the issue price.
It now trades as GSPCROP, and its filed financials are on its company page.
Shares sold in the issue at ₹320 last closed at ₹430.35.
See GSPCROP’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
Share counts converted at ₹320, the final issue price.
- Registrar
- Link Intime India Private Limited
- Lead managers
- Equirus Capital Private Limited
- Motilal Oswal Investment Advisors Pvt Limited
- Bidding opens16 Mar 2026
- Bidding closes18 Mar 2026
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing24 Mar 2026
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We have not extracted an anchor allotment list for this issue.
- Anchor investors — first trancheSEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment23 Apr 202650% of this tranche
- Anchor investors — second trancheSEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment22 Jun 202650% of this tranche
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment24 Sept 2026already free
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment24 Sept 2027whole tranche releases on this date
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
The "Basis for Offer Price" chapter states the earnings the price was set against and the multiples it implies. We have not extracted it for this issue — several offer documents are served as .zip archives or as scanned pages with no text layer.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.
| Company | P/E | P/B | RoNW | EPS | Income |
|---|---|---|---|---|---|
| Bharat Rasayan Limited | 4.1 | — | 12.5% | 339.14 | ₹11,730 cr |
| Dhanuka Agritech Limited | 15.1 | — | 21.2% | 65.55 | ₹20,352 cr |
| Excel Industries Limited | 13.1 | — | 5.4% | 67.87 | ₹9,781 cr |
| Heranba Industries Limited | 252.9 | — | 0.4% | 0.77 | ₹14,097 cr |
| India Pesticides Limited | 21.6 | — | 9.2% | 7.14 | ₹8,286 cr |
| PI Industries Limited | 28.3 | — | 16.4% | 109.44 | ₹79,778 cr |
| Rallis India Limited | 40.1 | — | 6.6% | 6.43 | ₹26,629 cr |
| Sumitomo Chemical India Limited | 39.2 | — | 17.4% | 10.13 | ₹31,485 cr |
The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.
Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Equirus Capital Limited 2021 – 2026 | 31 4 measurable | +20.0% | 0 of 4 | 0 of 3 | 0 of 3 |
Motilal Oswal Investment Advisors Limited 2022 – 2026 | 43 11 measurable | +16.4% | 4 of 9 | 2 of 5 | 0 of 1 |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Link Intime India Private Limited 2021 – 2026 | 176 15 measurable | +10.1% | 4 of 14 | 1 of 11 | 0 of 6 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive23 Mar 2026
- Draft red herring prospectus (DRHP)· ZIP · exchange archive20 Dec 2024
- Anchor investor allotment· ZIP · exchange archiveThis document is a scan with no text layer — readable by eye, not by machine.
- Financial ratios advertisement· ZIP · exchange archive
- In-principle approval (XBRL)· XML · exchange archive
- Listing filing (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.