About Green Asia Impex IPO
Green Asia Impex IPO Details
The Green Asia Impex IPO is a 100% book-built issue of ₹60 crore, comprising a fresh issue of ₹53 crore and an offer for sale (OFS) of ₹7 crore, with a face value of ₹10 per share. The company filed its DRHP with SEBI on February 26, 2026.
The price band of the issue is set between ₹85 and ₹90 per share and the lot size for an application is 1,600 shares. The minimum amount of investment required by an individual investor is ₹2,88,000 (3,200 shares). The IPO will be open for subscription from Sep 24 to 28, 2026, on the NSE SME platform, with a tentative listing date fixed as Oct 1, 2026.
The book-running lead manager of the issue is Indorient Financial Services Ltd., while the registrar to the issue is Bigshare Services Private Ltd.
Green Asia Impex IPO Date and Timeline
The Green Asia Impex IPO is officially set to open for subscription on Sep 24, 2026 and will close on Sep 28, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on February 26, 2026 and has now finalized its schedule following SEBI approval. Once the subscription window closes, allotment is expected on Sep 29, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Sep 30, 2026. Finally, shares of Green Asia Impex Ltd. are tentatively scheduled to list on the stock exchanges on Oct 1, 2026.
Green Asia Impex IPO Timeline
| IPO Open Date | Thu, Sep 24, 2026 |
| IPO Close Date | Mon, Sep 28, 2026 |
| Basis of Allotment | Tue, Sep 29, 2026 |
| Initiation of Refunds | Wed, Sep 30, 2026 |
| Credit of Shares to Demat | Wed, Sep 30, 2026 |
| Listing Date | Thu, Oct 1, 2026 |
Green Asia Impex IPO Details
| Detail | Description |
|---|---|
| IPO Date | 24 to 28 Sep, 2026 |
| Listing Date | 1 Oct, 2026 |
| Face Value | ₹ 10 Per Equity Share |
| Issue Price Band | ₹ 85 to ₹ 90 |
| Lot Size | 1,600 Shares |
| IPO Type | Fresh Issue + Offer For Sale |
| Total Issue Size | 66,77,777 shares (agg. up to ₹ 60 Cr) |
| Fresh Issue(Ex Market Maker) | 59,00,000 shares (agg. up to ₹ 53 Cr) |
| Offer for Sale | 7,77,777 shares of ₹10 (agg. up to ₹ 7 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,54,58,945 shares |
| Share Holding Post Issue | 2,13,58,945 shares |
Green Asia Impex IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Green Asia Impex IPO GMP is currently trading at ₹0, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹90, which is 0.00% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹90 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹0 and a lot size of 1600 shares.
Green Asia Impex IPO GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 23 Sep 2026 | ₹90 | ₹0 | 23 Sep, 202611:13 AM |
| 22 Sep 2026 | ₹90 | ₹0 | 22 Sep, 202611:13 AM |
| 21 Sep, 2026 | ₹90 | ₹0 | 21 Sep, 202612:34 PM |
Company Background
On August 5, 2014, Green Asia Impex Ltd. was incorporated as a private limited company, named Green Asia Impex Pvt. Ltd. The company was mainly engaged in the sourcing, processing and export of frozen seafood and agri-commodities, with a main focus on frozen shrimps and dried chillies.
Over time, it has grown into an established player in the agro and marine export sector, focusing on processing and exporting frozen shrimp and dried chillies, with its headquarters in Andhra Pradesh, close to key aquaculture and agricultural regions.
Then, on September 19, 2025, the company was converted into a public limited company with a fresh certificate of incorporation to proceed with its public listing.
Operations and Product Range
The manufacturing and services overview of Green Asia Impex Ltd. highlights an integrated approach encompassing the procurement, processing and export of its key products. The primary products include block-frozen shrimps, individual quick-frozen (IQF) shrimps and dried chillies. The company targets a purely B2B customer base, providing its processed goods to large-scale importers, distributors and food processing companies situated in both domestic and international end markets.
Facilities and Capacity
Green Asia Impex Ltd. operates a semi-automated processing infrastructure located at Unguturu in the Eluru district of Andhra Pradesh. This facility is strategically positioned to leverage regional raw material availability through established networks with local farmers and agricultural traders. The operational setup enables efficient handling, processing, and preservation of its core product offerings, specifically frozen shrimps and dried chillies, ensuring quality standards are maintained for bulk domestic distribution and international export shipments.
Brands and Market Presence
Green Asia Impex Ltd. has built a strong market presence through quality processing and adherence to international export standards, focusing on supplying premium frozen shrimps and dried chillies to B2B partners rather than retail consumers. It has a solid export footprint in markets like the USA, the European Union and China, along with its domestic presence and is recognised as a Two Star Export House by the Directorate General of Foreign Trade.
Revenue Streams and Business Model
Green Asia Impex Ltd. operates primarily as an integrated processor, manufacturer and exporter of frozen seafood and agricultural commodities, with a core focus on frozen shrimps and dried chillies. Its business model relies on a business-to-business (B2B) framework, supplying processed goods directly to international and domestic importers, distributors and large-scale food processing entities. Revenue is generated through bulk sales and export shipments managed via its semi-automated processing infrastructure located in Andhra Pradesh, utilizing established farmer and trader networks for raw material procurement.
Financial Performance
For FY26, Green Asia Impex Ltd. demonstrated solid operational expansion, registering revenue of ₹383.80 crores compared to ₹337.62 crores in FY25. Profitability saw a sharp upward trajectory, with Profit After Tax (PAT) surging by over 50% year-on-year to reach ₹15.61 crores. The company achieved an exceptional Return on Net Worth (RoNW) of 50.16% alongside an EBITDA of ₹25.23 crores, underscoring strong bottom-line growth and efficient capital utilisation.
Management and Shareholding
The promoters of Green Asia Impex Ltd. are Pasupuleti Venkata Ramarao and Pasupuleti Meenakshi. Before the IPO, the promoters held a 94.65% stake in the company, but after the IPO, the promoters’ shareholding will be diluted to 64.87%, as the offering includes 59,00,000 fresh shares and an offer for sale of 7,77,777 shares to be sold by existing shareholders.
Board and Key Management
The leadership of Green Asia Impex Ltd. is led by a team of experts with many years of experience. Pasupuleti Venkata Ramarao serves as the Chairman & Managing Director and gives strategic direction to the firm, as well as manages the daily operations, along with Whole-Time Director Pasupuleti Meenakshi. To ensure good governance, the board includes Independent Directors Marisetti Raghava Rao, Prabhakar Rao Sanka and Lokesh Kanja for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Green Asia Impex IPO Financial Information
Latest Revenue
₹ 383.80 Cr
Profit After Tax
₹ 15.61 Cr
Net Worth
₹ 24.13 Cr
Total Borrowing
₹ 99.47 Cr
| Period Ended | Assets | Revenue | Profit (PAT) | Net Worth | Reserves | Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 2026(Consolidated) | 254.88 | 383.80 | 15.61 | 24.13 | 26.64 | 99.47 |
| 31 Mar 2025(Consolidated) | 177.95 | 337.62 | 10.35 | 25.81 | 20.89 | 74.92 |
| 31 Mar 2024(Consolidated) | 118.10 | 317.39 | 6.66 | 15.46 | 10.53 | 63.73 |
| Amount in ₹ Crore | ||||||
Green Asia Impex Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 46.43 % |
| ROCE | 19.69 % |
| Debt/Equity | 2.4 |
| RoNW | 46.43 % |
| PAT Margin | 4.07 % |
| EBITDA Margin | 6.57 % |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.10 | 7.31 |
| P/E (x) | 8.91 | 12.31 |
Green Asia Impex IPO Objectives
Green Asia Impex Ltd. aims to utilise the IPO proceeds for the following strategic purposes:
- • Funding the required capital expenditure for setting up a newly proposed seafood processing facility in Andhra Pradesh, including the purchase and installation of essential plant, machinery and equipment.
- • General corporate purposes
Green Asia Impex IPO Review
Green Asia Impex Ltd. processes and markets seafood and agricultural products, with shrimps as its principal revenue contributor and dried chillies as another key product. It sources shrimps through trader-cum-commission agents, processes them at its Andhra Pradesh facility and sells products across domestic and international markets. In FY26, shrimp revenue increased by 13.68% from 6.38% in FY25, while dried-chilli revenue stood at ₹37.52 crore.
Financial performance improved in FY26. Revenue increased 13.68% to ₹383.80 crore from ₹337.62 crore in FY25. EBITDA rose 21.64% to ₹25.23 crore, with the margin improving to 6.57% from 6.14%. PAT increased 50.80% to ₹15.61 crore, lifting the PAT margin to 4.07% from 3.07%. Net worth also increased to ₹41.43 crore.
Key strengths include an established shrimp-processing operation, diversified domestic and export markets and plans for a new 45–50 tonnes-per-day seafood processing facility. However, China accounted for 31.29% of FY26 revenue, creating geographic concentration. The proposed facility also carries execution risks, as machinery orders had not yet been placed and project delays or cost overruns could affect expansion.
Overall, the IPO offers exposure to a growing shrimp and chilli processing business, alongside expansion plans, while investors should assess China concentration, execution risks and financial leverage before investment decisions.
Conclusion
Green Asia Impex IPO is an opportunity to invest in a growing company that operates in both shrimp processing and chilli trading segments, offering a diversified agri-export portfolio with a strong execution focus and its plan to significantly boost production through a new processing facility while leveraging its existing strengths and opportunities in the global seafood market. With this listing, the company aims to fund the equipment upgrade and manage day-to-day operations. Investors seeking the Green Asia Impex IPO should watch its valuation.
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The INDIA IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
Functions as an integrated processor and exporter with a recognized Two Star Export House status.
Demonstrates consistent financial performance supported by healthy capacity utilization across its facilities.
Maintains established B2B customer relationships in highly regulated international markets like the USA and EU.
Benefits from a strategic geographic location in Andhra Pradesh, ensuring reliable access to raw aquaculture materials.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | 2,88,000 |
| Individual investors (Retail) (Max) | 2 | 3,200 | 2,88,000 |
| S-HNI (Min) | 3 | 4,800 | 4,32,000 |
| S-HNI (Max) | 6 | 9,600 | 8,64,000 |
| B-HNI (Min) | 7 | 11,200 | 10,08,000 |