The GSP Crop Science IPO starts today. Here are the important details, including the GMP trend and price range.

The IPO of GSP Crop Science Ltd started today and will be open for investment until March 18, 2026. The company has set the price between ₹304 and ₹320 per share and aims to raise ₹400 crore through a mix of new shares and shares being sold by current owners. In the grey market, the shares are trading at the same price as the IPO, showing a grey market premium (GMP) of ₹0, which suggests a neutral outlook.

So far, the IPO has been subscribed at a rate of 0.01 times overall, with the retail portion at 0.02 times. The lot size for the IPO is 46 shares, and the likely date for allotment is March 19, 2026. MUFG Intime India will manage the registrations for the issue, and the shares are expected to be listed on the BSE and NSE with a tentative listing date of March 23, 2026.

The company plans to use part of the funds raised to pay down debt, with up to ₹170 crore set aside for loan repayments. The remaining funds will be used for general business needs. Financially, the company has shown improvement, reporting consolidated net profits of ₹17.57 crore in FY23, ₹55.54 crore in FY24, and ₹81.42 crore in FY25. In the first half of FY26, it earned a net profit of ₹81.07 crore with total income of ₹847.61 crore.