GSP Crop Science Shares Surge After Tepid IPO Listing

Shares of GSP Crop Science Ltd. surged during early trade on Tuesday after a tepid listing on the exchanges. The stock logged a 3% premium to open at Rs 328 on the NSE and Rs 332 on the BSE. The IPO issue price was Rs 320.

After debut, the stock jumped 13% to as high as Rs 363 on the NSE.

The initial public offering was oversubscribed 1.61 times on the third and final day of bidding on March 18. The IPO received bids for 1,43,61,844 shares against 89,47,367 offered. The Qualified Institutional Buyers (QIBs) booked the issue 2.66 times. The Non-Institutional Investors' (NIIs) category was subscribed 3.05 times. Retail investors booked their quota 0.40 times.

The GSP Crop Science IPO was a book build issue of Rs 400 crore. It comprised a fresh issue of 75 lakh shares worth Rs 240 crore and an offer-for-sale (OFS) of 50 lakh shares amounting to Rs 160 crore.

The company is an agrochemical company producing insecticides, herbicides, fungicides, and plant growth regulators. It was established in 1985 and is headquartered in Ahmedabad.

Combined annual installed capacity stood at 15,120 MTPA for Technicals, 43,672 MTPA for Formulations and 5,400 MTPA for Intermediates as of September 2025.

The company reported a 46% year-on-year (YoY) rise in net profit to Rs 81.42 crore in FY25 from Rs 55.54 crore in FY24. Total income grew 12% to Rs 1,301 crore in FY25 from Rs 1,158 crore in FY24.

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