Green Asia Impex IPO
Green Asia Impex IPO is a Book Built SME issue of ₹60.10 crore, comprising a Fresh Issue of 59,00,000 equity shares aggregating up to ₹53.10 crore and an Offer for Sale of up to 7,77,777 equity shares aggregating up to ₹7.00 crore. The price band is ₹85 t
Green Asia Impex IPO Details
Green Asia Impex IPO bidding is scheduled to start on September 24, 2026 and end on September 28, 2026. The allotment is expected to be finalized on September 29, 2026, refunds are expected to be initiated on September 30, and shares are expected to be credited to successful applicants' Demat accounts on the same day. The shares are scheduled to list on October 1, 2026.
Green Asia Impex IPO GMP
Green Asia Impex IPO GMP is currently reported at ₹0 by available grey-market tracking sources. At a GMP of ₹0 against the upper IPO price of ₹90, the indicative grey-market price would be ₹90. GMP is an unofficial and unregulated market indicator and does not guarantee the actual listing price.
Green Asia Impex IPO Timeline (Tentative)
Green Asia Impex IPO is scheduled to open for subscription on September 24, 2026 and close on September 28, 2026. The basis of allotment is expected to be finalized on September 29, refunds are expected to be initiated on September 30, and shares are expected to be credited to successful applicants' Demat accounts on the same day. The shares are scheduled to list on NSE SME on October 1, 2026.
| Event | Tentative Date |
|---|---|
| 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 |
| IPO Opens | September 24, 2026 |
| IPO Closes | September 28, 2026 |
| Basis of Allotment | September 29, 2026 |
| Refund Initiation | September 30, 2026 |
| Credit of Shares to Demat | September 30, 2026 |
| Listing Date | October 1, 2026 |
Green Asia Impex IPO Lot Size
The Green Asia Impex IPO lot size is 1,600 shares. At the upper price band of ₹90 per share, one lot represents ₹1,44,000. However, the minimum application for individual investors is reported as 3,200 shares, requiring ₹2,88,000 at the upper price band under the applicable SME minimum-application framework.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 2,88,000 |
| 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 |
Green Asia Impex IPO Reservation
Green Asia Impex IPO provides for allocation among Qualified Institutional Buyers, Non-Institutional Investors and Retail Individual Investors. Current IPO data reports 30% reservation for QIBs, 35% for NIIs and 35% for Retail Individual Investors.
Green Asia Impex IPO Subscription
Green Asia Impex IPO subscription has not started yet. The issue is scheduled to open on September 24, 2026. Category-wise QIB, NII and Retail subscription figures will be updated after bidding begins.
| Category | Subscription (times) |
|---|---|
| QIB | N.A. |
| NII | N.A. |
| RII | N.A. |
| Total | N.A. |
About Green Asia Impex
Green Asia Impex Limited is engaged in the sourcing, processing and export of frozen seafood and agri-commodities, with a primary focus on frozen shrimps and dried chillies. The company was incorporated in 2014 and is headquartered in Andhra Pradesh. It serves B2B customers including importers, distributors and food processors in domestic and international markets.
The company operates in the marine-food and agricultural-commodity processing space. Its business involves sourcing raw materials, processing them and supplying finished products to customers. Frozen shrimp is an important part of its seafood business, while dried chillies form a major component of its agri-commodity operations.
Green Asia Impex has positioned its business around export-oriented food products and maintains relationships with B2B customers. The company is also recognised as a Two Star Export House by the Directorate General of Foreign Trade.
The proposed IPO includes funding for a new seafood processing facility, including the purchase and installation of plant, machinery and equipment. The company proposes to use the remaining issue proceeds for general corporate purposes.
Strengths
- The company operates in the frozen seafood and agri-commodity processing and export business.
- Its product portfolio includes frozen shrimps and dried chillies, providing exposure to both seafood and agricultural commodities.
- The company has an export-oriented B2B business model serving importers, distributors and food processors.
- Green Asia Impex has an established operating history dating back to its incorporation in 2014.
- The company is recognised as a Two Star Export House by the Directorate General of Foreign Trade.
- The proposed seafood processing facility may expand processing capacity and support future business operations.
Risks to Consider
- The company's business is exposed to fluctuations in the availability and procurement prices of shrimp, chillies and other agricultural or seafood raw materials.
- Seafood processing and exports are subject to quality, food-safety, regulatory and export-market requirements.
- The company operates in competitive domestic and international food markets, where pricing and customer requirements can affect margins.
- Export-oriented operations expose the company to changes in international demand, foreign-market conditions, trade regulations and currency movements.
- The business requires significant working capital for procurement, processing, inventory and receivables.
- The proposed expansion involves capital expenditure and execution of a new seafood processing facility, which may involve construction, equipment installation and operational ramp-up risks.
Green Asia Impex Financials (₹ Cr)
Green Asia Impex reported growth in consolidated revenue and profit over the last three financial years. Revenue increased from ₹317.39 crore in FY2024 to ₹337.62 crore in FY2025 and ₹383.80 crore in FY2026. Profit after tax increased from ₹6.66 crore in FY2024 to ₹10.35 crore in FY2025 and ₹15.61 crore in FY2026. Total assets increased from ₹118.10 crore in FY2024 to ₹177.95 crore in FY2025 and ₹254.88 crore in FY2026. Net worth was ₹15.46 crore in FY2024, ₹25.81 crore in FY2025 and ₹24.13 crore in FY2026.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2024 | ₹317.39 Cr | ₹6.66 Cr | ₹118.10 Cr | ₹15.46 Cr |
| FY2025 | ₹337.62 Cr | ₹10.35 Cr | ₹177.95 Cr | ₹25.81 Cr |
| FY2026 | ₹383.80 Cr | ₹15.61 Cr | ₹254.88 Cr | ₹24.13 Cr |
KPIs & Valuation
At the upper IPO price band of ₹90, Green Asia Impex has reported pre-IPO EPS of ₹10.10 and post-IPO EPS of ₹7.31. The corresponding pre-IPO P/E is approximately 8.91x and post-IPO P/E is approximately 12.31x. The company reported RoNW of 46.43%, ROE of 46.43%, ROCE of 19.69%, PAT margin of 4.07% and debt-to-equity of 2.40.
Objects of the Issue
The Green Asia Impex IPO comprises a Fresh Issue and an Offer for Sale. The company proposes to use proceeds from the Fresh Issue primarily for capital expenditure related to setting up a proposed seafood processing facility, including the purchase and installation of plant, machinery and equipment. The remaining proceeds are proposed to be used for general corporate purposes.
- The company proposed to utilise the IPO proceeds for:
- Funding the capital expenditure for setting up the proposed seafood processing facility, including purchase and installation of plant, machinery and equipment — approximately ₹40.03 crore.
- General corporate purposes.
Promoters, Lead Managers & Registrar
Green Asia Impex Limited is promoted by Pasupuleti Venkata Ramarao and Pasupuleti Meenakshi. Indorient Financial Services Limited is the Book Running Lead Manager to the IPO, while Bigshare Services Private Limited is the Registrar to the Issue. Steel City Securities Limited is the market maker.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Bigshare Services Private Limited |
|---|---|
| Phone | 022 6263 8200 |
| ipo@bigshareonline.com | |
| Website | https://www.bigshareonline.com/ |
Green Asia Impex IPO Review
Green Asia Impex operates in the sourcing, processing and export of frozen seafood and agricultural commodities, with frozen shrimps and dried chillies forming important parts of its product portfolio. The company's B2B and export-oriented model provides access to domestic and international customers across the food-processing and distribution chain.
The company's financial performance has shown growth in recent years. Reported consolidated revenue increased from ₹317.39 crore in FY2024 to ₹337.62 crore in FY2025 and ₹383.80 crore in FY2026, while profit after tax increased from ₹6.66 crore in FY2024 to ₹10.35 crore in FY2025 and ₹15.61 crore in FY2026.
The IPO proceeds are primarily directed toward the proposed seafood processing facility. The planned capital expenditure could expand the company's processing infrastructure, while the general corporate-purpose component provides flexibility for broader business requirements.
At the upper IPO price of ₹90, reported pre-IPO EPS is ₹10.10 and pre-IPO P/E is approximately 8.91x. Post-IPO EPS is reported at ₹7.31 and post-IPO P/E at approximately 12.31x. The company reports RoNW of 46.43%, ROE of 46.43%, ROCE of 19.69%, PAT margin of 4.07% and debt-to-equity of 2.40.
Investors should also consider commodity-price fluctuations, export-market exposure, working-capital requirements, food-processing risks, debt levels and the execution of the proposed processing facility. The company's RHP and other offer documents should be reviewed for the complete set of business and issue-specific risk factors.
How to Apply
Green Asia Impex IPO applications can be made through ASBA or UPI during the IPO bidding period. The IPO is scheduled to open on September 24, 2026 and close on September 28, 2026. The reported minimum application for individual investors is 3,200 shares, requiring ₹2,88,000 at the upper price band of ₹90.
Through UPI
- Log in to your stockbroker app or website.
- Go to the IPO section.
- Select Green Asia Impex IPO.
- Enter the number of lots you want to apply for.
- Select the bid price. Retail investors can generally select Cut-off when available.
- Enter your valid UPI ID.
- Submit the IPO application.
- Open your UPI app when the mandate request arrives.
- Approve the mandate using your UPI PIN.
- The application amount will be blocked in your bank account. If shares are allotted, the required amount will be debited; otherwise, the blocked amount will be released.
Prospectus & Documents
Investors can refer to the company's DRHP and RHP for detailed information about the business, financial performance, risk factors, IPO structure and utilisation of the issue proceeds. The DRHP was filed in February 2026 and contains detailed disclosures relating to Green Asia Impex Limited and the proposed public issue.
Last updated Sep 23, 2026.