GSP Crop Science is a research-driven agrochemical company; Ganesh Consumer, an FMCG company headquartered in Kolkata
MUMBAI, Apr 2(The CONNECT)- GSP Crop Science, and Ganesh Consumer has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI), for their respective initial public offerings (IPOs).
GSP Crop Science IPO is a mix of fresh issue of shares up to Rs 280 crore and an offer for sale of up to 6 million equity shares by Promoter Selling Shareholders. The company, in consultation with the BRLMS, may consider the issue of specified securities, aggregating up to ₹56 crore as pre-IPO placement.
Ganesh Consumer’s IPO is a mix of fresh issue of shares up to Rs 130 crore and an offer-for-sale up to 12.44 million equity shares by Promoter and Investor Selling Shareholders. The company, in consultation with the BRLMS, may consider a further issue of equity shares through a private placement, preferential allotment or any other method aggregating up to Rs 26 crore as pre-IPO placement.
GSP Crop Science is a research-driven agrochemical company, specializing in the development and manufacturing of insecticides, herbicides, fungicides and plant growth regulators in India. It provides its customers with crop protection solutions designed to support farmers in maximizing productivity and achieving optimal agricultural output through development, manufacturing, supply and distribution of formulations, which refer to products composed of ‘active ingredients’, chemical compounds in a product responsible for achieving the desired effects on the target pests, weeds, or plant diseases and ‘additives’ which improve the product’s performance, stability, and ease of use, in definite proportion obtaining well-defined target properties (formulations); and technicals, which refer to concentrated form of the ‘active ingredients’ which are processed with other ingredients to develop formulations .
Ganesh Consumer, an FMCG company headquartered in Kolkata, is the third largest brand of packaged whole wheat flour (atta) and largest brand of wheat-based derivatives (maida, sooji, dalia) in East India, in terms of value sold in Fiscal 2024, according to a Technopak Report, mentioned in the DRHP. As on September 30, 2024, its product portfolio comprises
of 42 products with 215 SKUs across our various product categories.
Equirus Capital Private Limited, and Motilal Oswal Investment Advisors Limited are the book-running lead managers of GSP Crop Science IPO.
DAM Capital Advisors Limited, IIFL Capital Services Limited, and Motilal Oswal Investment Advisors Limited are the book-running lead managers of Ganesh Consumer IPO.
