GSP Crop Science Ltd: From Inception to IPO
GSP Crop Science Ltd, a research-focused agrochemical company, will launch its Rs 400 crore initial public offering on March 16. The IPO includes new shares worth Rs 240 crore and a Rs 160 crore offer for sale by promoters. The company aims to use proceeds for debt repayment and corporate purposes.
- Country:
- India
Agrochemical company GSP Crop Science Ltd is set to launch its Rs 400 crore IPO on March 16. The Ahmedabad-based firm has fixed a price band of Rs 304-320 per share, valuing the company at Rs 1,489 crore at its upper limit.
The IPO consists of a fresh issue of shares worth Rs 240 crore and an offer for sale of 50 lakh shares valued at Rs 160 crore by promoters. Proceeds will primarily be used for debt repayment, with the remainder allocated to general corporate purposes.
With over 39 years of expertise in developing agrochemical solutions, GSP Crop Science boasts 507 product registrations and operates four manufacturing facilities in India. The company reported revenue of Rs 1,152.16 crore and a profit of Rs 61.29 crore for fiscal 2024.
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