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Green Asia Impex IPO
📅 Founded: 2014
📍 West Godavari, Andhra Pradesh
🌐 greenasiaimpex.com
📋 Face Value: ₹10
🏦 Market Cap: ₹192.18 Cr
Price Band
₹85 – ₹90
Issue Size
₹60.10 Cr
Lot Size
1600 shares
Min. Investment
₹2,88,000
GMP
+₹0 (+0%)
Est. Return
+0%
Listing Date
01 Oct 2026
Registrar
Bigshare Services
Green Asia Impex IPO at a glance
Green Asia Impex IPO was an SME issue of ₹60.10 Cr at a price band of ₹85 – ₹90 per share, open from 24 Sep 2026 to 28 Sep 2026. The shares listed on NSE SME on 01 Oct 2026.
IPO Signal Analysis
📊 Based on Grey Market Premium (GMP) & Subscription Data — not financial advice
GMP Signal
Moderate Interest
GMP: +0% above issue price
⭐ Overall Signal
Moderate Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
0.00x subscribed
Issue Details
Fresh Issue₹53.10 Cr
Offer for Sale (OFS)₹7.00 Cr
Total Issue Size₹60.10 Cr
Face Value₹10
Market Cap (at issue)₹192.18 Cr
Listing ExchangeNSE SME
📅 Open Date24 Sep 2026
🔒 Close Date28 Sep 2026
✂️ Cut-off Price Date28 Sep 2026
🎟️ Allotment Date29 Sep 2026
💸 Refund Initiation30 Sep 2026
📂 Demat Credit30 Sep 2026
📈 Listing Date01 Oct 2026
Objects of the Issue
- 💰 Capital expenditure for a new seafood processing facility — ₹40.03 Cr
- 💰 General corporate purposes
About the Company
Green Asia Impex, set up in 2014 in West Godavari, Andhra Pradesh, sources, processes and exports frozen shrimp (Vannamei, Black Tiger and freshwater varieties) and dried chillies (Teja, Byadgi, Guntur). It sells to importers, distributors and food processors in markets including China, the US, the UK, Kuwait, Malaysia, Vietnam and Thailand, and is recognised as a Two Star Export House.
Strengths
- ✅ Located in one of India's main aquaculture regions, close to shrimp farms
- ✅ Holds HACCP, ISO 22000 and US FDA registrations needed for export markets
- ✅ Two product lines (seafood and chillies) and customers across several countries
- ✅ PAT more than doubled from ₹6.7 Cr in FY24 to ₹15.6 Cr in FY26
Risk Factors
- ⚠️ About 31% of FY26 revenue came from China, and top 10 customers make up about 78%
- ⚠️ Shrimp exports are exposed to disease outbreaks, import-duty changes and anti-dumping actions abroad
- ⚠️ Low margins — PAT is around 4% of income
- ⚠️ Borrowings of about ₹120 Cr, receivables of about ₹97 Cr and negative operating cash flow
- ⚠️ Most of the IPO money funds a new processing plant that still has to be built
Subscription Status
Not yet open
QIB: —
NII: —
RII: —
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | — | — | — | 0.00x |
| Day 2 | — | — | — | 0.00x |
| Day 3 | — | — | — | 0.00x |
Share Reservation
QIB
50%
NII
15%
RII
35%
Allocation as per SEBI regulations for SME IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
94.65%
Pre-IPO
→ -29.8%
64.87%
Post-IPO
Founders & Leadership
PR
Pasupuleti Venkata Ramarao
Promoter & Managing Director
Leads the company as Managing Director
PM
Pasupuleti Meenakshi
Promoter
Member of the promoter group
IPO Timeline
✓
Open Date
24 Sep 2026
✓
Close Date
28 Sep 2026
✓
Allotment Date
29 Sep 2026
✓
Listing Date
01 Oct 2026
Key Financials
Revenue₹389 Cr
PAT₹15.6 Cr
EPS₹10.56
P/E Ratio8.52x
ROE46.43%
Market Cap₹192.18 Cr
Company Financials (Restated Consolidated)
| Period Ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Total Income | 388.63 | 339.65 | 318.15 |
| Profit After Tax | 15.61 | 10.35 | 6.66 |
Amount in ₹ Crore
Key Performance Indicators (KPI)
| KPI | FY26 | FY25 |
|---|
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | ₹10.56 | — |
| P/E (x) | 8.52x | — |
| ROE (%) | 46.43% | — |
| Promoter Holding | 94.65% | 64.87% |
| Market Cap | ₹192.18 Cr | |
IPO Registrar
Green Asia Impex IPO FAQs
Green Asia Impex IPO is an SME IPO with an issue size of ₹60.10 Cr at a price band of ₹85 – ₹90. Minimum lot size is 1600 shares and the minimum application is 2 lots (minimum investment ~₹2,88,000). Opened on 24 Sep 2026 and closed on 28 Sep 2026. Listed on NSE SME. Registrar: Bigshare Services.