Anand Rathi recommends subscribing to the GSP Crop Science Ltd IPO, highlighting the company's robust agrochemical innovation and growth potential in India's crop protection market. Priced at ₹304-₹320 per share, the IPO opens March 16, 2026, targeting ₹392 crore through fresh issue and offer for sale.
Brokerage firm Anand Rathi released its research report on March 16, 2026, advising investors to "Subscribe" to GSP Crop Science Ltd's initial public offering. The IPO, a key event in the 2026 agrochemical sector, underscores rising demand for advanced crop science solutions amid India's agricultural expansion.
IPO Timeline and Pricing
The book-built issue runs from March 16 to 18, 2026, with allotment on March 20, refunds on March 23, and listing on BSE/NSE on March 24. Lot size is 46 shares (minimum investment ₹14,720), suiting retail and institutional agrochemical IPO investors. Fresh issue funds will repay borrowings and support general corporate purposes.
Company Strengths
GSP Crop Science boasts 524 product registrations as of September 2025, plus 102 granted patents and 108 applications, fueling its leadership in formulations and technicals. This innovation-driven portfolio positions it strongly in the competitive crop protection industry.
Key highlights
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₹392 crore issue size with ₹240 crore fresh and ₹160 crore OFS
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Price band ₹304-₹320; retail max 13 lots (₹1,91,360)
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Day 1 subscription at 45% as of March 16 reports
Sources: Moneycontrol, IPOPlatform, mstock, Economic Times