Description

NSE notifies the listing of equity shares of GSP Crop Science Limited on the Capital Market segment effective March 24, 2026, with trading symbol GSPCROP at an issue price of Rs. 320 per share.

Summary

NSE has notified the listing of equity shares of GSP Crop Science Limited (symbol: GSPCROP) on the National Stock Exchange Capital Market segment, effective March 24, 2026. The IPO was issued at Rs. 320 per share with a face value of Rs. 10 each, and a total of 46,518,750 equity shares are being admitted to dealings.

Key Points

  • Trading symbol: GSPCROP, Series: EQ, ISIN: INE713R01022
  • Issue price: Rs. 320 per share; face value and paid-up value: Rs. 10 per share
  • Total shares listed: 46,518,750 equity shares
  • Market lot size: 1 share
  • Shares are pari passu with existing equity shares
  • Security will be part of the pre-open session for IPO and Other category scrips per SEBI circulars CIR/MRD/DP/01/2012 and CIR/MRD/DP/02/2012
  • Registrar: MUFG Intime India Private Limited (formerly Link Intime India Private Limited), Mumbai
  • Company Secretary & Compliance Officer: Mr. Kamleshbhai D Patel

Regulatory Changes

No new regulatory changes introduced. This circular is issued in pursuance of Regulation 3.1.1 and Regulation 2.5.5 of the NSE (Capital Market) Trading Regulations Part A, governing the admission of securities and lot size specification.

Compliance Requirements

  • Members must use the designated security code (GSPCROP) for all trading in these securities
  • Trading must be conducted in the specified lot size of 1 share
  • Members must observe the pre-open session requirements applicable to IPO category scrips
  • Lock-in restrictions must be adhered to as per Annexure I details

Important Dates

  • Listing effective date: March 24, 2026
  • Shareholding pattern date: March 20, 2026 (post-issue)
  • Lock-in schedule for promoter/other shares:
    • 1,875,000 shares locked in until April 18, 2026
    • 1,875,000 shares locked in until June 17, 2026
    • 1,250,000 shares free (no lock-in)
    • 24,706,750 shares locked in until September 24, 2026
    • 9,312,000 shares locked in until September 24, 2027
    • 7,500,000 shares free (no lock-in)

Impact Assessment

The listing of GSP Crop Science Limited introduces a new agrochemical sector stock to NSE. With 46.5 million shares at an issue price of Rs. 320, the implied market cap at listing is approximately Rs. 14.9 billion (~Rs. 1,490 crore). A significant portion of shares (approximately 34 million, ~73%) are subject to lock-in periods ranging from April 2026 to September 2027, which limits near-term float. The free float on listing day will consist of approximately 8.75 million shares (1,250,000 + 7,500,000), representing roughly 18.8% of total shares. Market participants should note the pre-open session applicability and plan order entry accordingly on March 24, 2026.

Impact Justification

Standard IPO listing circular for a mid-size agrochemical company with 46.5 million shares; relevant to IPO investors and market participants tracking new listings.