Developer docs
API playgroundTry for free, no card

Search company profiles

GSP Corp

Full company profile

uuid000acew

Namestring
GSP Corp
Legal namestring
GSP Crop Science Limited
Websiteurl
gspcrop.in
Company typeenum
Public
Founded yearint
1985
Descriptiontext

GSP Crop Science Limited is an Ahmedabad-based agrochemical manufacturer founded in 1985 that produces crop protection chemicals across four core categories: insecticides, herbicides, fungicides, and plant growth regulators. The company listed on BSE and NSE in March 2026 following a Rs 400 crore IPO subscribed 1.61x, and serves farmers through a 6,500+ dealer-distributor network across 20 Indian states alongside exports to 37 countries. Founder Vrajmohan R Shah (1942–2022) established the business; current leadership comprises Bhavesh Shah as Chairman & Managing Director and Shail Shah as CFO, with promoter stake at approximately 74% post-IPO from ~98% pre-IPO.

The company operates in two segments—Formulations (ready-to-use products across delivery formats including EC, SC, WG, GR, SE, ZC, SL, FS, CS) and Technicals (active ingredients such as Thifluzamide, Azoxystrobin, Tebuconazole, Chlorantraniliprole, and Thiamethoxam). It runs five manufacturing facilities and two in-house R&D centres, and holds 102 granted patents with 108 applications pending and 524 agrochemical registrations across formulations and technicals as of September 2025. Branded launches in the recent period include Helipro and Ballot (CTPR-based crop protection products introduced in December 2022). Certification under RC 14001 Responsible Care underscores chemical management compliance.

GSP Crop Science generates revenue through agrochemical product sales distributed via multi-tier dealer-distributor channels serving primarily SMB and individual farmer customers across India and export markets. Pricing is not publicly disclosed; export revenue is supplemented by a wholly-owned Brazil subsidiary established in January 2023 to enter Latin American markets. FY25 revenue from operations stood at Rs 1,287.38 crore with net profit of Rs 81.42 crore, up 46.6% year-over-year.

Short descriptiontext

GSP Crop Science Limited is an Ahmedabad-based agrochemical manufacturer producing insecticides, herbicides, fungicides, and plant growth regulators. The company serves farmers through 6,500+ distributors across 20 Indian states and exports to 37 countries.

Operating statusenum
Ipo
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersAhmedabad, India
HQ citystring
Ahmedabad
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
agrochemical manufacturing, crop protection products, insecticides and herbicides, plant growth regulators, fungicide formulations
Industry3 codes
1Crop Protection Formulations (EC, SC, WG, WP, SL)
CodeAFABAIAAPrimaryYes
2Contract Warehousing, Blending & Distribution for Agrochemicals (bulk handling, IBC/drum management)
CodeAFABAIALPrimaryNo
3Agrochemical & Fertilizer Wholesale Distribution
CodeAFABAJACPrimaryNo
NAICS code2 codes
  • Pesticide and Other Agricultural Chemical Manufacturing325320
  • Pesticide and Other Agricultural Chemical Manufacturing32532
SIC code1 code
  • Agricultural Chemicals2870
Product category
Crop Protection Chemicals (Agrochemicals)
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Agrochemical Product Sales
TypeOne Time License
Description

Manufacturing and selling insecticides, herbicides, fungicides, and plant growth regulators. Revenue generated through domestic sales across 20 Indian states and exports to 37 countries. The company operates in two segments: Formulations and Technicals.

business-standard.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 2 records shown
1Helipro
Description

CTPR crop protection product launched in India

ainvest.com
+1 more record
Core offering1 text field

GSP Crop Science Limited manufactures and sells agrochemical crop protection products in four core categories: Insecticides, Herbicides, Fungicides, and Plant Growth Regulators. The company operates two business segments — Formulations (ready-to-use products in multiple delivery formats) and Technicals (technical-grade active ingredients) — and sells through a network of 6,500+ dealer distributors across 20 Indian states, with exports to 37 countries. It is a publicly listed agrochemical manufacturer (NSE: GSPCROP) with 5 manufacturing facilities, 2 R&D centres, 102 granted patents, and 524 agrochemical registrations.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Net profit growth of 46.6% YoY to ₹81.42 crore in FY25
Product overview1 text field

GSP Crop Science offers a comprehensive agrochemical portfolio consisting of four core product categories: Insecticides, Herbicides, Fungicides, and Plant Growth Regulators. These are manufactured in both Technical and Formulation formats. The company operates two business segments—Formulations (ready-to-use products) and Technicals (active ingredients)—and holds 524 agrochemical registrations across formulations and technicals. Key branded products include Helipro and Ballot (CTPR-based crop protection products launched in India). The Formulation product line includes multiple delivery formats (EC, SC, WG, GR, SE, ZC, SL, FS, CS) while Technical products cover active ingredients like Thifluzamide, Azoxystrobin, Tebuconazole, Chlorantraniliprole, and Thiamethoxam. The company serves customers across 20 Indian states and 37 countries internationally.

Product and service10 records
1Insecticides
2Herbicides
3Fungicides
4Plant Growth Regulators (PGRs)
5Technical Products
6Formulation Products
7Helipro
CategoryBranded Crop Protection Product
Description

CTPR-based crop protection product launched in India for farmers, providing effective pest control. Sold through GSP's dealer/distributor network.

8Ballot
CategoryBranded Crop Protection Product
Description

CTPR-based crop protection product launched in India for farmers, providing effective pest control. Sold through GSP's dealer/distributor network.

9Specific Fungicide Products (Atal G, DroneX, Pledge and others)
10Specific PGR Products (Crazy Pro, Flute and others)
Scale indicator9 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2023-01-10
Description

GSP Crop Science established a subsidiary in Brazil in January 2023 to tap into Latin American markets and expand global presence.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Global leader in agrochemicals and seeds, owned by ChemChina. Sets pricing benchmarks and product standards that smaller Indian players like GSP must compete against, particularly in export markets.

TypeDirect peer
Description

Indian agrochemical company manufacturing technical grade pesticides and formulations. Bharat Rasayan is a relevant peer for GSP given similar product categories and focus on both technicals and formulations.

TypeDirect peer
Description

Subsidiary of Japan's Sumitomo Chemical manufacturing crop protection products in India. Direct peer with similar formulations portfolio and pan-India distribution across farmer channels.

TypeBroad incumbent
Description

Global agrochemical major offering crop protection seeds and digital solutions. While much larger, Corteva competes with GSP in the broader crop protection market and represents the kind of global incumbent GSP could partner with or compete against internationally.

TypeDirect peer
Description

Indian-headquartered agrochemical company with strong global distribution across formulations and generic active ingredients. Comparable due to similar export-oriented business model selling to 80+ countries.

TypeDirect peer
Description

India's largest agrochemical company with a similar portfolio of crop protection products including insecticides, herbicides, fungicides, and plant growth regulators. UPL competes head-to-head with GSP across formulations, technicals, and exports to global markets.

TypeDirect peer
Description

Major Indian agrochemical manufacturer with strong R&D capabilities and a similar focus on crop protection chemicals. PI Industries is a relevant comp given its comparable scale, formulation portfolio, and international distribution footprint.

TypeDirect peer
Description

Tata Group-owned Indian agrochemical company producing insecticides, fungicides, and herbicides. Rallis is a direct peer with similar domestic distribution and contract manufacturing business models.

TypeDirect peer
Description

Indian agrochemical company specializing in insecticides, herbicides, fungicides, and PGRs with strong distribution network across India. Dhanuka's product mix and domestic channel structure closely mirror GSP's.

TypeDirect peer
Description

Indian agrochemical manufacturer with a focused portfolio of insecticides, herbicides, and fungicides. Comparable mid-cap peer with similar pan-India dealer network and branded formulation products.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

GSP Corp

Crop Protection Chemicals (Agrochemicals)gspcrop.in

GSP Crop Science Limited is an Ahmedabad-based agrochemical manufacturer producing insecticides, herbicides, fungicides, and plant growth regulators. The company serves farmers through 6,500+ distributors across 20 Indian states and exports to 37 countries.

What GSP Corp does

GSP Crop Science Limited is an Ahmedabad-based agrochemical manufacturer founded in 1985 that produces crop protection chemicals across four core categories: insecticides, herbicides, fungicides, and plant growth regulators. The company listed on BSE and NSE in March 2026 following a Rs 400 crore IPO subscribed 1.61x, and serves farmers through a 6,500+ dealer-distributor network across 20 Indian states alongside exports to 37 countries. Founder Vrajmohan R Shah (1942–2022) established the business; current leadership comprises Bhavesh Shah as Chairman & Managing Director and Shail Shah as CFO, with promoter stake at approximately 74% post-IPO from ~98% pre-IPO.

The company operates in two segments—Formulations (ready-to-use products across delivery formats including EC, SC, WG, GR, SE, ZC, SL, FS, CS) and Technicals (active ingredients such as Thifluzamide, Azoxystrobin, Tebuconazole, Chlorantraniliprole, and Thiamethoxam). It runs five manufacturing facilities and two in-house R&D centres, and holds 102 granted patents with 108 applications pending and 524 agrochemical registrations across formulations and technicals as of September 2025. Branded launches in the recent period include Helipro and Ballot (CTPR-based crop protection products introduced in December 2022). Certification under RC 14001 Responsible Care underscores chemical management compliance.

GSP Crop Science generates revenue through agrochemical product sales distributed via multi-tier dealer-distributor channels serving primarily SMB and individual farmer customers across India and export markets. Pricing is not publicly disclosed; export revenue is supplemented by a wholly-owned Brazil subsidiary established in January 2023 to enter Latin American markets. FY25 revenue from operations stood at Rs 1,287.38 crore with net profit of Rs 81.42 crore, up 46.6% year-over-year.

GSP Corp firmographics

Firmographics
Name
GSP Corp
Legal name
GSP Crop Science Limited
Website
https://gspcrop.in
Company type
Public
Founded year
1985
Operating status
Ipo
Headcount range
1,001–5,000 employees
Short description
GSP Crop Science Limited is an Ahmedabad-based agrochemical manufacturer producing insecticides, herbicides, fungicides, and plant growth regulators. The company serves farmers through 6,500+ distributors across 20 Indian states and exports to 37 countries.
Ownership category
akta.pro rank

GSP Corp industry classification

Industry
Product category
Crop Protection Chemicals (Agrochemicals)
NAICS
Pesticide and Other Agricultural Chemical Manufacturing (325320), Pesticide and Other Agricultural Chemical Manufacturing (32532)
SIC
Agricultural Chemicals (2870)
akta.pro primary industry
Crop Protection Formulations (EC, SC, WG, WP, SL) (AFABAIAA)
akta.pro secondary industries
Contract Warehousing, Blending & Distribution for Agrochemicals (bulk handling, IBC/drum management) (AFABAIAL), Agrochemical & Fertilizer Wholesale Distribution (AFABAJAC)

Keywords

  • Agrochemical manufacturing
  • Crop protection products
  • Insecticides and herbicides
  • Plant growth regulators
  • Fungicide formulations

Where GSP Corp is headquartered

Location

Headquarters

HQ city
Ahmedabad
HQ country
India
HQ region
Asia

Offices1 record

Markets served

GSP Corp business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

  1. Agrochemical Product Sales: Manufacturing and selling insecticides, herbicides, fungicides, and plant growth regulators. Revenue generated through domestic sales across 20 Indian states and exports to 37 countries. The company operates in two segments: Formulations and Technicals.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

GSP Corp product offering

Product offering

Core offering

GSP Crop Science Limited manufactures and sells agrochemical crop protection products in four core categories: Insecticides, Herbicides, Fungicides, and Plant Growth Regulators. The company operates two business segments — Formulations (ready-to-use products in multiple delivery formats) and Technicals (technical-grade active ingredients) — and sells through a network of 6,500+ dealer distributors across 20 Indian states, with exports to 37 countries. It is a publicly listed agrochemical manufacturer (NSE: GSPCROP) with 5 manufacturing facilities, 2 R&D centres, 102 granted patents, and 524 agrochemical registrations.

Product overview

GSP Crop Science offers a comprehensive agrochemical portfolio consisting of four core product categories: Insecticides, Herbicides, Fungicides, and Plant Growth Regulators. These are manufactured in both Technical and Formulation formats. The company operates two business segments—Formulations (ready-to-use products) and Technicals (active ingredients)—and holds 524 agrochemical registrations across formulations and technicals. Key branded products include Helipro and Ballot (CTPR-based crop protection products launched in India). The Formulation product line includes multiple delivery formats (EC, SC, WG, GR, SE, ZC, SL, FS, CS) while Technical products cover active ingredients like Thifluzamide, Azoxystrobin, Tebuconazole, Chlorantraniliprole, and Thiamethoxam. The company serves customers across 20 Indian states and 37 countries internationally.

Differentiator

Problem solved

Functional benefit

Brands

  • Helipro: CTPR crop protection product launched in India
  • Ballot

Products and services

  • Insecticides
  • Herbicides
  • Fungicides
  • Plant Growth Regulators (PGRs)
  • Technical Products
  • Formulation Products
  • Helipro CTPR-based crop protection product launched in India for farmers, providing effective pest control. Sold through GSP's dealer/distributor network.
  • Ballot CTPR-based crop protection product launched in India for farmers, providing effective pest control. Sold through GSP's dealer/distributor network.
  • Specific Fungicide Products (Atal G, DroneX, Pledge and others)
  • Specific PGR Products (Crazy Pro, Flute and others)

Quantifiable outcome

  • Net profit growth of 46.6% YoY to ₹81.42 crore in FY25

Companies that use GSP Corp

Customer profile

Named customers1 record

Segments1 record

Ideal customer profiles1 record

GSP Corp technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

GSP Corp partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Brazil SubsidiarycoreStrategic or Co-development Partner · 10 January 2023GSP Crop Science established a subsidiary in Brazil in January 2023 to tap into Latin American markets and expand global presence.

Scale indicators9 records

Recent moves6 records

Expansion highlights4 records

GSP Corp competitors and assessment

Company assessment

Broad incumbents

  • Syngenta Group: Global leader in agrochemicals and seeds, owned by ChemChina. Sets pricing benchmarks and product standards that smaller Indian players like GSP must compete against, particularly in export markets.
  • Corteva Agriscience: Global agrochemical major offering crop protection seeds and digital solutions. While much larger, Corteva competes with GSP in the broader crop protection market and represents the kind of global incumbent GSP could partner with or compete against internationally.

Direct peers

  • Bharat Rasayan: Indian agrochemical company manufacturing technical grade pesticides and formulations. Bharat Rasayan is a relevant peer for GSP given similar product categories and focus on both technicals and formulations.
  • Sumitomo Chemical India: Subsidiary of Japan's Sumitomo Chemical manufacturing crop protection products in India. Direct peer with similar formulations portfolio and pan-India distribution across farmer channels.
  • Sharda Cropchem: Indian-headquartered agrochemical company with strong global distribution across formulations and generic active ingredients. Comparable due to similar export-oriented business model selling to 80+ countries.
  • UPL Limited: India's largest agrochemical company with a similar portfolio of crop protection products including insecticides, herbicides, fungicides, and plant growth regulators. UPL competes head-to-head with GSP across formulations, technicals, and exports to global markets.
  • PI Industries: Major Indian agrochemical manufacturer with strong R&D capabilities and a similar focus on crop protection chemicals. PI Industries is a relevant comp given its comparable scale, formulation portfolio, and international distribution footprint.
  • Rallis India: Tata Group-owned Indian agrochemical company producing insecticides, fungicides, and herbicides. Rallis is a direct peer with similar domestic distribution and contract manufacturing business models.
  • Dhanuka Agritech: Indian agrochemical company specializing in insecticides, herbicides, fungicides, and PGRs with strong distribution network across India. Dhanuka's product mix and domestic channel structure closely mirror GSP's.
  • Insecticides India Limited: Indian agrochemical manufacturer with a focused portfolio of insecticides, herbicides, and fungicides. Comparable mid-cap peer with similar pan-India dealer network and branded formulation products.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

GSP Corp social profiles

Digital presence

GSP Corp compliance and trust

Trust signal

Compliance1 record

GSP Corp financial estimates

Financial estimate

Revenue estimate

Valuation estimate

GSP Corp leadership team

Management profile

Number of profiles

Profiles2 records

GSP Corp subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

GSP Corp funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

GSP Corp M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GSP Corp

What does GSP Corp do?

GSP Crop Science Limited manufactures and sells agrochemical crop protection products in four core categories: Insecticides, Herbicides, Fungicides, and Plant Growth Regulators. The company operates two business segments — Formulations (ready-to-use products in multiple delivery formats) and Technicals (technical-grade active ingredients) — and sells through a network of 6,500+ dealer distributors across 20 Indian states, with exports to 37 countries. It is a publicly listed agrochemical manufacturer (NSE: GSPCROP) with 5 manufacturing facilities, 2 R&D centres, 102 granted patents, and 524 agrochemical registrations.

Is GSP Corp a public or private company?

GSP Corp is a public company. It is classified as public and is currently ipo.

When was GSP Corp founded?

GSP Corp was founded in 1985. It employs 1,001 to 5,000 people.

Where is GSP Corp based?

GSP Corp is headquartered in Ahmedabad, India, in the Asia region.

How does GSP Corp make money?

One revenue line is on record: agrochemical Product Sales.

Who are GSP Corp's main competitors?

Broad incumbents on record are Syngenta Group and Corteva Agriscience. Direct peers are Bharat Rasayan, Sumitomo Chemical India, Sharda Cropchem, UPL Limited, PI Industries, Rallis India, Dhanuka Agritech and Insecticides India Limited.

Does GSP Corp have an API?

No public API is recorded for GSP Corp.

What industry is GSP Corp in?

GSP Corp's product category is Crop Protection Chemicals (Agrochemicals). Its primary akta.pro industry code is AFABAIAA, Crop Protection Formulations (EC, SC, WG, WP, SL), with a secondary code of AFABAIAL, Contract Warehousing, Blending & Distribution for Agrochemicals (bulk handling, IBC/drum management). Its NAICS code is 325320 and its SIC code is 2870.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
PR NewswirePlant Growth Regulators Market worth $5.33 billion by 2031- Exclusive Report by MarketsandMarkets™The plant growth regulator market is projected to grow from $3.72 billion in 2026 to $5.33 billion by 2031, a CAGR of 7.4%. Asia Pacific leads with an 8.8% CAGR, and cytokinins dominate the type segment. Europe holds a significant share, with key players including BASF, Syngenta, and Bayer.ScanXGSP Crop Science shares FY26 Annual Report link ahead of Sep 18 AGMGSP Crop Science has released its FY26 Annual Report and recommended a final dividend of Re 1 per share ahead of its 41st AGM scheduled for September 18, 2026. The company also reported a 17% year-on-year increase in Q1FY27 profit after tax to ₹264 million, driven by margin expansion and reduced interest costs following IPO-funded debt repayment.Business News TodayGSP Crop Science Key Financial Ratios, GSP Crop Science Financial Statement & AccountsThe article presents a table of key financial ratios and per-share metrics for GSP Crop Science covering the fiscal years 2021 through 2025. Data points include basic EPS, net profit margins, return on equity, and liquidity ratios, with significant year-over-year fluctuations observed in earnings and profitability metrics. The report also lists valuation multiples such as EV/EBITDA and Price-to-Book, which are recorded as zero.Business News TodayGSP Crop Science Profit & Loss account, GSP Crop Science Financial Statement & AccountsThe article reports the financial results of GSP Crop Science for the fiscal year ending March 2025. It details revenue, expenses, profits, and other financial metrics from their Profit & Loss statement.https://www.outlookbusiness.com/GSP Crop Science Shares Climb Nearly 4 Pc in Debut Trade – Outlook BusinessGSP Crop Science Ltd listed on the BSE and NSE exchanges on Tuesday with its shares trading at ₹332.30, representing a 3.84% premium over the issue price of ₹320, before climbing further to ₹362.30. The Ahmedabad-based agrochemical company's ₹400-crore IPO received 1.61 times subscription, with the fresh issue proceeds of ₹170 crore allocated for debt repayment and general corporate purposes. The company, which has over 39 years of expertise in developing insecticides, herbicides, fungicides, and plant growth regulators, achieved a market valuation of ₹1,535.12 crore.MintGSP Crop Science share price makes lacklustre debut, lists at 4% premium over IPO price | Stock Market NewsGSP Crop Science listed on the BSE and NSE on March 24, 2026, making a lacklustre debut at a 4% premium over the IPO price of ₹320. The stock opened at ₹332.3 on the BSE and ₹328 on the NSE, slightly exceeding market expectations indicated by a GMP of ₹2. IPO allottees gained over 4% on their investment at listing, though the performance was described as moderate rather than strong.NDTV ProfitGSP Crop Science IPO GMP Suggests Weak Listing: What Investors Should KnowGSP Crop Science's IPO was oversubscribed 1.61 times on its final day of bidding, with qualified institutional investors booking the issue 2.66 times and non-institutional investors subscribing 3.05 times. The grey market premium for the issue stood at Rs 2 on March 24, indicating an expected listing price of Rs 322 with a muted premium of 0.62%, suggesting a weak market debut despite the healthy subscription numbers. The Rs 400 crore IPO comprised a fresh issue of Rs 240 crore and an offer-for-sale of Rs 160 crore, with proceeds earmarked for debt clearance and general corporate purposes.MintWill GSP Crop Science IPO witness a weak listing tomorrow as US-Iran war rages? Here's what GMP signals | Stock Market NewsGSP Crop Science's ₹400 crore IPO, which opened March 16 and closed March 18, 2026, is scheduled to list on BSE and NSE on March 24 with a price band of ₹304-320 per share. The issue was subscribed 1.64 times overall, with the grey market premium at ₹2 signaling a potential listing price of ₹322, representing only a 0.62% upside from the upper issue price. The company, an agrochemical manufacturer incorporated in 1985, plans to use ₹170 crore of the net proceeds for repayment of borrowings, while the muted GMP reflects broader market volatility amid the US-Iran conflict.MintGSP Crop Science IPO: Issue subscribed 1.6 times on Day 3; NII segment sees strong demand, GMP signals flat listing | Stock Market NewsGSP Crop Science's IPO closed on March 18, 2026, subscribed 1.64 times overall, driven by strong institutional demand (QIB: 2.66x, NII: 3.14x) while retail investors showed weak interest at 0.42x subscription. The ₹400 crore issue, priced at ₹304–320 per share, consists of a fresh share sale of ₹240 crore for debt repayment and an offer for sale of ₹160 crore, with the stock slated to list on BSE and NSE on March 24. Grey market premium signals a flat listing, and the company's PAT nearly tripled to ₹61.29 crore in fiscal 2024 from ₹21.55 crore in the prior year.Business StandardGSP Crop Science subscribed 1.61 timesGSP Crop Science's Rs 400 crore IPO was subscribed 1.61 times on its final day of bidding (March 18, 2026), receiving bids for 1.43 crore shares against 89.47 lakh shares on offer. The price band was fixed between Rs 304 and 320 per share, with the offer comprising a fresh issue of 75 lakh equity shares raising Rs 240 crore and an offer for sale of up to 50 lakh shares worth Rs 160 crore. The company will use Rs 170 crore from net proceeds for repayment of borrowings, having earlier raised Rs 120 crore from anchor investors at Rs 320 per share.