GSP Crop Science Ltd. IPO

We are a research-driven agrochemical company, specializing in the development and manufacturing of insecticides, herbicides, fungicides and plant growth regulators in India, with over 40 years of experience in the agrochemical industry. We operate under two distinct businesses which are ... categorized as (i) Formulations; and (ii) Technicals. Details of revenue generated from Formulations and Technicals for the six months ended September 30, 2025 and for Fiscals 2025, 2024 and 2023, including as a percentage of sale of products from continuing operations. As of September 30, 2025, we have received 524 registrations across Formulations and Technicals for agrochemicals manufactured by us. We hold process and product patents across a variety of agrochemicals. Our research and development efforts over the years have led us to being granted 102 patents, and also have 108 patent applications under process as of date of this Red Herring Prospectus. We operate under two distinct businesses which are categorized as (i) Formulations; and (ii) Technicals. For details in relation to our business model, revenue model and revenue from product portfolio consisting of insecticides, herbicides, fungicides, plant growth regulators and others. Read more

As per the ICRA Report, the size of the agrochemicals market in India reached ? 366 billion during Fiscal 2025, reflecting a compound annual growth rate (CAGR) of 12.4% from Fiscals 2020 to 2025. The agrochemical industry is characterized by intense competition, which necessitates continuous ... innovation. With its varied agro-climatic conditions and extensive agriculture terrain, India stands as one of the foremost producers and consumers of agrochemicals on a global scale. Our key listed peers in the sector includes PI Industries Limited, Sumitomo Chemical India Limited, Dhanuka Agritech Limited, Rallis India Limited, Bharat Rasayan Limited, India Pesticides Limited, Excel Industries Limited, Heranba Industries Limited, Crystal Crop Protection Limited and Tagros Chemicals India Private Limited. Recent developments in agriculture practices, improved technology, rise in investments coupled with favourable government policies have led to robust growth in the sector. Agrochemicals play a key role in improving crop yield and prevention against pests and diseases. With the food demand projected to reach $1.2 trillion by Fiscal 2026, agrochemicals are essential in addressing food security challenges and driving growth in the sector. The industry has been encountering obstacles, including rigorous regulatory requirements and the prevalence of counterfeit products. Nevertheless, the Indian agrochemical market is set for consistent growth, bolstered by advancements in agriculture technology, increased mechanization, and ongoing initiatives to boost agriculture productivity to satisfy the food needs of an expanding population. Indian agrochemical companies are investing heavily in backward integration, investing on the production of off-patent molecules to reduce dependency on imports from China. Read more