Green Asia Impex IPO
- Price band
- ₹84 – ₹89
- Issue size
- ₹60.1 Cr
- Min. investment
- ₹1,42,400
- 1,600 shares
- GMP
- ₹0
- 0.00%
- Subscribed
- 0x
- Bidding dates
- 24 Sep – 1 Oct 2026
IPO timeline
- Opens24 SepThu
- Closes · Today1 OctThu
- Allotment5 OctMon
- Refunds6 OctTue
- Demat credit6 OctTue
- Listing7 OctWed
Issue details
- Price band
- ₹84 – ₹89 per share
- Issue size
- ₹60.1 Cr
- Fresh issue
- Not available
- Offer for sale
- Not available
- Issue type
- Fresh capital cum OFS
- Face value
- ₹10 per share
- Lot size
- 1,600 shares
- Minimum investment
- ₹1,42,400
- Listing on
- NSE SME
- Exchange code
- GREENASIA
This issue combines a fresh issue and an offer for sale. The amounts for each part are not available in our data; see the offer document for the split.
Lot size and investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,42,400 |
| Retail (Max) | 1 | 1,600 | ₹1,42,400 |
| HNI (Min) | 2 | 3,200 | ₹2,84,800 |
Reservation
- QIB
- Not more than 30% of the Net Offer
- Retail
- Not less than 35% of the Net Offer
- NII
- Not less than 35% of the Net Offer
Grey market premium (GMP)
- Current GMP
- ₹0
- 0.00%
- Estimated listing price
- ₹89
- Issue price ₹89
- Highest
- ₹0
- 22 Sep
- Lowest
- ₹0
- 22 Sep
GMP by day (₹ per share)
Day-wise GMP table
| Date | GMP | Premium | Est. listing |
|---|---|---|---|
| 1 Oct 2026 | ₹0 | 0.00% | ₹89 |
| 30 Sep 2026 | ₹0 | 0.00% | ₹89 |
| 29 Sep 2026 | ₹0 | 0.00% | ₹89 |
| 28 Sep 2026 | ₹0 | 0.00% | ₹89 |
| 27 Sep 2026 | ₹0 | 0.00% | ₹89 |
| 26 Sep 2026 | ₹0 | 0.00% | ₹89 |
| 25 Sep 2026 | ₹0 | 0.00% | ₹89 |
| 24 Sep 2026 | ₹0 | 0.00% | ₹89 |
| 23 Sep 2026 | ₹0 | 0.00% | ₹89 |
| 22 Sep 2026 | ₹0 | 0.00% | ₹89 |
GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.
Subscription status
Financials
- P/E Ratio
- 12.31
- EPS (₹)
- 7.31
- RoE
- 50.16%
- RoCE
- 20.62%
- RoNW
- 50.16 %
- PAT Margin
- 3.07%
- EBITDA Margin
- 6.14%
- Debt / Equity
- 2.90
- NAV (₹)
- 13.96
Separate pre- and post-issue P/E are not available for this IPO; the P/E shown is as disclosed for the issue.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 254.88 | 177.95 | 118.10 |
| Total Income | 388.63 | 339.65 | 318.15 |
| Profit After Tax | 15.61 | 10.35 | 6.66 |
| EBITDA | 25.23 | 20.74 | 17.35 |
| NET Worth | 24.13 | 25.81 | 15.46 |
| Reserves and Surplus | 26.64 | 20.89 | 10.53 |
| Total Borrowing | 99.47 | 74.92 | 63.73 |
Peer comparison
| Company | Issue size | P/E | RoNW | PAT margin | Subscribed | Listing gain |
|---|---|---|---|---|---|---|
| Green Asia Impex This IPO | ₹60.1 Cr | 12.31 | 50.16 % | 3.07% | 0x | — |
| Peshwa Wheat SME · listed 1 Oct 2026 | ₹53.52 Cr | 12.15 | 36.71% | 7.32% | 2.68x | -0.94% |
| Adon Agro Commodities SME · listed 6 Jul 2026 | ₹44.03 Cr | 6.42 | 84.36% | 7.01% | 1.34x | +11.79% |
| Yashhtej Industries SME · listed 25 Feb 2026 | ₹89 Cr | 17.51 | 58.96% | 3.56% | 1.42x | -20.00% |
| Farm Peace SME · listed 8 Sep 2026 | ₹32 Cr | 16.12 | 17.32% | 8.41% | 1.15x | +90.00% |
| Crazy Snacks SME · listed 3 Jul 2026 | ₹31.47 Cr | 12.57 | 17.20% | — | 1.2x | +4.76% |
| Quanto Agroworld SME · listed 22 Sep 2026 | ₹31.02 Cr | 13.99 | 24.68% | 20.78% | 1.37x | -0.01% |
Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.
About Green Asia Impex
Green Asia Impex Limited was started in 2014. It sources, processes and exports two agricultural products, frozen shrimp and dried chillies, selling to businesses rather than consumers. Its buyers are importers, distributors and food processors in India and overseas. On the shrimp side it handles Vannamei, Black Tiger and freshwater varieties, processed into the formats the trade uses. HOSO means head on shell on, HLSO means headless shell on, and PD means peeled and deveined, each suiting a different customer and price point. On the chilli side it trades and exports the main Indian varieties, including Teja, Guntur Sannam and Bydagi, which differ in heat and colour and are chosen by buyers accordingly. The two crops have different seasons, with shrimp harvesting running from February to October and the chilli harvest concentrated from January, which spreads the company's activity across the year.
Strengths
- Profit has more than doubled in two years, from Rs 6.66 crore in FY2024 to Rs 10.35 crore in FY2025 and Rs 15.61 crore in FY2026.
- Sales have grown steadily, from Rs 318.15 crore in FY2024 to Rs 388.63 crore in FY2026.
- EBITDA improved from Rs 17.35 crore in FY2024 to Rs 25.23 crore in FY2026.
- The issue is priced at about 12.31 times earnings on an EPS of Rs 7.31.
- Handling two crops with different seasons, shrimp from February to October and chillies from January, keeps the business occupied through the year.
- It offers shrimp in several varieties and processing formats, which lets it serve buyers at different price points.
- About Rs 40 crore of the issue goes into a proposed seafood processing facility, which would move it from trading towards processing and better margin.
- It already sells to both domestic and international buyers rather than depending on exports alone.
Risks
- Debt is very high. Total borrowing was Rs 99.47 crore against a net worth of only Rs 24.13 crore, a debt to equity ratio of 2.90.
- Net worth actually fell in FY2026, from Rs 25.81 crore to Rs 24.13 crore, even though profit rose.
- The profit margin is thin at 3.07%, which is typical of agricultural trading but leaves little cushion.
- Shrimp exports face anti-dumping duties, tariff changes and quality rejections in the United States and European markets, any of which can halt shipments.
- Both shrimp and chilli are commodities whose prices swing with the harvest and with global demand.
- Disease outbreaks in aquaculture can cut shrimp supply sharply and at short notice.
- This is a fresh issue combined with an offer for sale, and promoter holding falls from 94.65% to 64.87%.
- This is an SME issue. One lot is 1,600 shares, which is Rs 1.44 lakh at the upper band of Rs 90, and SME shares usually trade in low volume after listing.
Objects of the issue
- Funding the capital expenditure for setting up the proposed seafood processing facility including purchase and installation of plant, machinery & equipment₹40.03 Cr
- General Corporate Purposes
Promoters and shareholding
Pasupuleti Venkata Ramarao and Pasupuleti Meenakshi
- Promoter holding, pre-issue
- 94.65%
- Promoter holding, post-issue
- 64.87%
Registrar, lead managers and documents
Lead manager
Company contact
RS.No. 677/2A1, Unguturu(V) &(M), Eluru District, Vunguturu, West Godavari, Andhra Pradesh, 554411
+91 9908941785
cs@greenasiaimpex.comGreen Asia Impex IPO: common questions
When does the Green Asia Impex IPO open and close?
The Green Asia Impex IPO opens on 24 Sep 2026 and closes on 1 Oct 2026.
What is the price band of the Green Asia Impex IPO?
The price band is ₹84 – ₹89 per share, with a lot size of 1,600 shares and a minimum investment of ₹1,42,400.
What is the size of the Green Asia Impex IPO?
The issue size is ₹60.1 Cr (Fresh capital cum OFS).
What is the GMP of the Green Asia Impex IPO?
The last reported grey market premium is ₹0 per share as of 01 Oct 2026, 06:36 PM IST. GMP is unofficial and changes frequently.
When is the Green Asia Impex IPO allotment?
The basis of allotment is expected on 5 Oct 2026. Allotment status can be checked with the registrar, Bigshare Services Private Limited.
When will the Green Asia Impex IPO list?
The shares are expected to list on 7 Oct 2026 on NSE SME.
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