Green Asia Impex IPO

The Green Asia Impex SME IPO opens for subscription on 24 Sept 2026 and closes on 1 Oct 2026, offered at a price band of ₹84–89 per share, and is set to list on NSE. In total, the issue aims to mobilise ₹59.34 crore. Retail investors bid in lots of 1600 shares, a minimum application of ₹2,84,800.

Issue structure

The offer combines a fresh issue of ₹49.47 crore with an offer for sale (OFS) of ₹6.88 crore by existing shareholders. Money raised through the fresh issue goes to the company for its stated objects, while OFS proceeds go to the selling shareholders rather than the business.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward funding the capital expenditure for setting up the proposed seafood processing facility including purchase and installation of plant, machinery & equipment (₹40.03 crore), alongside issue expenses (₹7.16 crore). In all, 3 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Green Asia Impex reported revenue of ₹388.63 crore and a net profit of ₹15.61 crore. Revenue grew from ₹318.15 crore in FY2024 to ₹388.63 crore in FY2026 (+22.0%). Net worth stood at ₹24.13 crore at the end of FY2026.

Valuation

At the upper band, the issue is priced at 12.31× post-issue earnings and 6.45× book value, against a return on net worth of 50.16% and a debt-to-equity ratio of 2.9. These ratios come from the offer document and are for comparison, not a recommendation.

Peer comparison

The offer document names listed peers including Apex Frozen Foods Ltd. and Essex Marine Ltd., with a median peer P/E of about 17.2×. The issue's own post-issue P/E works out to 12.31×.

Promoters

The promoters of the company are <p>Pasupuleti Venkata Ramarao, Pasupuleti Meenakshi</p>. Promoter holding stands at 94.65% before the issue and comes down to 64.91% after listing.

Grey market premium (GMP)

In the unofficial grey market, Green Asia Impex shares are quoted at a premium of ₹0 implying an expected listing around ₹89, about +0.0% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

Subscription

The Green Asia Impex IPO was subscribed 1.04 times overall. The strongest demand came from qualified institutional buyers (QIB) at 2.06 times, with non-institutional investors (NII) at 0.64× and retail investors at 0.56×.

Listing performance

Green Asia Impex listed on 7 Oct 2026 at ₹89, a premium of +0.0% over the issue price of ₹89.

What to weigh

When evaluating the Green Asia Impex IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Green Asia Impex

Founded in August 2014, Green Asia Impex Limited specialises in sourcing, processing, manufacturing, and exporting frozen shrimps and dried chillies. The company processes and exports frozen seafood and agri-commodities, mainly frozen shrimps and dried chillies. It supplies B2B customers, including importers, distributors, and food processors, domestically and internationally. The Company operates in both shrimp processing and chilli trading segments, offering a diversified agri-export portfolio. In shrimp, it processes and exports Vannamei, Black Tiger, and freshwater varieties in formats such as HOSO, HLSO, and PD. In chillies, it trades and exports key Indian varieties including Teja, Guntur Sannam, and Bydagi, catering to domestic and international demand based on heat and colour profiles. With shrimp harvesting spanning February to October and chilli harvests concentrated between January and April, the dual-product strategy helps balance seasonality and ensures more consistent operations. The Company currently runs a semi-automated shrimp processing facility in Unguturu, Andhra Pradesh (1,838.76 sqm), with installed capacities of 7,200 MTPA (block freezing) and 3,600 MTPA (IQF). To scale operations, it plans a new facility at Chennayagudem (4,955.69 sqm), adding ~16,200 MTPA capacity, significantly boosting processing capability and supporting export-led growth. As of January 31, 2026, the company's workforce included 125 permanent employees. nbsp;