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IPO Synopsis

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IPO

GSP Crop Science Ltd
  • Registered Office: 404 Lalita Complex Rasal Road,Mithakhali Six Rd Navarangpura, Ahmedabad - 380009, Gujarat, India. Phone : +91 79 6191 5165   Fax:
  • Email : cs@gspcrop.com
  • Website :www.gspcrop.in
Initial public offering of 125,000,00 equity shares of face value of Rs. 10 each ("Equity Shares") of GSP Crop Science Limited ("The Company" or the "Issuer") for cash at a price of Rs.320 per equity share (Including a Share Premium of Rs. 310 per Equity Share) ("Offer Price") aggregating to Rs. 400 Crores (The "Offer"). The offer comprises of a fresh issue of 7,500,000 equity shares by the company aggregating to Rs. 240.00 Crores (The "Fresh Issue") and an offer for sale of 5,000,000 equity shares (The "Offered Shares") aggregating to Rs. 160 Crores (The "Offer for Sale"), comprising 2,000,000 equity shares aggregating to Rs.64 Crores by Vilasben Vrajmohan Shah, up to 1,500,000 equity shares aggregating to Rs. 48 Crores by Bhavesh Vrajmohan Shah and 1,500,000 equity shares aggregating to Rs.48 Crores by Kappa Trust (The "Promoter Selling Shareholders"). The offer constituted 26.87% of the post-offer paid-up equity share capital of the company. The company, in consultation with the brlms, may consider issue of specified securities, as may be permitted under the applicable law, aggregating up to Rs. 56.00 crores, at its discretion, prior to filing of the roc ("Pre-Ipo Placement"). The Pre-Ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. if the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the securities contracts (Regulation) rules, 1957, as amended. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the offer and the allotment pursuant to the pre-ipo placement, the company shall appropriately intimate the subscribers to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (If Undertaken). Price Band: Rs. 320 per equity share of face value of Rs. 10 each. The floor price is 32.00 times the face value of the equity shares. Bids can be made for a minimum of 46 equity shares of face value of Rs. 10 each and in multiples of 46 equity shares of face value of Rs. 10 each thereafter
Issue
Opens On Closes On
16-Mar-26 18-Mar-26
Money Payable On
Application Allotment
320.00 0.00
Minimum Application for shares in Nos : 46 Further Multiples of : 46
Cr Lead Managers to the Issue
Project Cost (.Cr) 220.32 Equirus Capital Pvt Ltd
Project Financed through Current Offer (.Cr) 400.00  
Post Issue Equity Share Capital (.Cr) 46.52
Issue Price () 320.00
Projects
Repayment or pre-payment of all or a portion of certain outstanding borrowings availed by the company
General corporate purposes
Promoted By
Bhavesh Vrajmohan Shah
Trith Kenal Shah
Vilasben Vrajmohan Shah
Listing At
BSE
NSE
Registrar to the Issue
No Data Available