Gsp Crop Science Ipo
GSP Crop Science IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
Equirus Capital Pvt. Ltd.
Motilal Oswal Investment Advisors Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | March 16, 2026 |
| IPO Close Date | March 18, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹304 to ₹320 Per Share |
| Issue Size | Approx ₹400 Crores |
| Fresh Issue | Approx ₹240 Crores |
| Offer for Sale: | Approx 50,00,000 Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 46 | ₹14,720 |
| Retail Maximum | 13 | 598 | ₹1,91,360 |
| S-HNI Minimum | 14 | 644 | ₹2,06,080 |
| S-HNI Maximum | 67 | 3,082 | ₹9,86,240 |
| B-HNI Minimum | 68 | 3,128 | ₹10,00,960 |
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | 37,50,000 Shares | 30% |
| QIB (Ex. Anchor) | 25,00,000 Shares | 20% |
| NII Shares Offered | 18,75,000 Shares | 15% |
| Retail Shares Offered | 43,75,000 Shares | 35% |
| Anchor Bidding Date | March 13, 2026 |
| Anchor Investors List | |
| Shares Offered | 37,50,000 Shares |
| Anchor Size | 120 Cr. |
| lock-in period end date 50% shares (30 Days) | April 19, 2026 |
| lock-in period end date 50% shares (90 Days) | June 18, 2026 |
| IPO Open Date: | March 16, 2026 |
| IPO Close Date: | March 18, 2026 |
| Basis of Allotment: | March 20, 2026 |
| Refunds: | March 23, 2026 |
| Credit to Demat Account: | March 23, 2026 |
| IPO Listing Date: | March 24, 2026 |
| IPO Bidding Cut-off Time: | March 18, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 3,90,18,750 | 98.32% |
| Promoter Holding Post Issue | 4,65,18,750 | -% |
| Purpose | Crores |
| Repayment or pre-repayment of all or a portion of certain outstanding borrowings availed by the Company | ₹170 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹1206.05 | ₹1182.72 | ₹21.55 | ₹1132.13 |
| 2024 | ₹1158.23 | ₹1081.67 | ₹61.29 | ₹980.34 |
| 2025 | ₹1301.06 | ₹1191.38 | ₹82.14 | ₹1228.50 |
| Sep 2025 | ₹847.61 | ₹739.86 | ₹81.06 | ₹1491.69 |
| KPI | Values |
| ROE: | 18.38% |
| ROCE: | 19.80% |
| EBITDA Margin: | 12.74% |
| PAT Margin: | 6.26% |
| Debt to equity ratio: | 0.58 |
| Earning Per Share (EPS): | ₹21.20 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 18.38% |
| Net Asset Value (NAV): | ₹115.34 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| PI Industries Limited | 109.44 | 28.25 | 16.35% | 669.47 | 7,977.80 Cr. |
| Sumitomo Chemical India Limited | 10.13 | 39.23 | 17.42% | 58.12 | 3,148.52 Cr. |
| Dhanuka Agritech Limited | 65.55 | 15.13 | 21.18% | 311.17 | 2,035.15 Cr. |
| Rallis India Limited | 6.43 | 40.12 | 6.61% | 97.92 | 2,662.94 Cr. |
| Bharat Rasayan Limited | 339.14 | 4.14 | 12.47% | 2,719.44 | 1,173.00 Cr. |
| India Pesticides Limited | 7.14 | 21.57 | 9.15% | 78.01 | 828.61 Cr. |
| Excel Industries Limited | 67.87 | 13.13 | 5.37% | 1,263.83 | 978.07 Cr. |
| Heranba Industries Limited | 0.77 | 252.92 | 0.37% | 210.13 | 1,409.73 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |