Green Asia Impex IPO Details
Issue Date
24 Sep - 1 Oct'26
Price Band
₹85 - ₹90
Lot Size
1600 Shares
IPO Size
₹60 Cr
Listing At
NSE
Overall Subscription
0.97x
Green Asia Impex IPO Listing Details
Listing On
7 Oct'26
Issue Price
₹90
Listed Price
--
Retail Gain/Listing Gain
--
Schedule of Green Asia Impex IPO
IPO Open Date
24/09/2026
IPO Close Date
01/10/2026
Basis of Allotment
05/10/2026
Refund Initiation
06/10/2026
Credit of Shares
06/10/2026
Listing on exchange
07/10/2026
Green Asia Impex IPO Subscription Status Live
(Last updated on 01 Oct 2026 03:45 PM)
Day | Total | QIB | Retail | NII |
|---|---|---|---|---|
Day 1 24-Sep-2026 | 0.01x | 0x | 0.03x | 0x |
Day 2 25-Sep-2026 | 0.02x | 0x | 0.07x | 0.01x |
Day 3 28-Sep-2026 | 0.43x | 1.17x | 0.19x | 0.14x |
Day 4 29-Sep-2026 | 0.52x | 1.45x | 0.22x | 0.15x |
Day 5 30-Sep-2026 | 0.64x | 1.47x | 0.38x | 0.35x |
Day 6 01-Oct-2026 | 0.96x | 2.06x | 0.52x | 0.67x |
About Green Asia Impex IPO
Green Asia Impex IPO, an SME IPO, opens on Thursday, September 24, 2026 and closes on Thursday, October 1, 2026. The allotment of shares will take place on Monday, October 5, 2026. The listing of shares will take place on Wednesday, October 7, 2026. The equity shares offered through the IPO are proposed to be listed on the NSE SME platform.
Green Asia Impex IPO’s price band is set at ₹85 to ₹90 per share. The lot size for an application is 1,600 shares. The minimum amount of investment required by a retail individual investor is ₹2,88,000 (3,200 shares) based on the upper price.
The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include 59 lakh shares aggregating to ₹53.10 crore. The offer for sale portion includes 7.78 lakh shares aggregating to ₹7 crore. The total number of shares and aggregate amount are 66,77,777 shares aggregating up to ₹60 crore.
Green Asia Impex is engaged in the sourcing, processing and export of frozen seafood and agri-commodities, with a focus on frozen shrimps and dried chillies. The company was incorporated in 2014 and is headquartered in Tadepalligudem, Andhra Pradesh, India. They supply their products to business-to-business (B2B) customers, including importers, distributors and food processing entities, in domestic and international markets.
Objectives of Green Asia Impex IPO
- Funding the capital expenditure for setting up the proposed seafood processing facility including purchase and installation of plant, machinery & equipment.
- General corporate purposes.
Green Asia Impex IPO Valuation
Detail | Information |
|---|---|
Upper Price Band | ₹90 |
Fresh Issue | 59,00,000 shares (aggregating up to ₹53 crore) |
Offer for Sale | 7,77,777 shares of ₹10 (aggregating up to ₹7 crore) |
EPS Diluted (in ₹) for FY26 | 10.56 |
Share Offer and Subscription Details
Investor Category | Shares Offered |
|---|---|
QIBs | Not more than 30% of the net offer |
Non-institutional Investors (NIIs) | Not less than 35% of the net offer |
Retail-individual Investors (RIIs) | Not less than 35% of the net offer |
IPO Lot Size
Application | Lots | Shares | Amount |
|---|---|---|---|
Individual investors (Retail) (Min) | 2 | 3200 | ₹2,88,000 |
Individual investors (Retail) (Max) | 2 | 3200 | ₹2,88,000 |
S-HNI (Min) | 3 | 4800 | ₹4,32,000 |
S-HNI (Max) | 6 | 9600 | ₹8,64,000 |
B-HNI (Min) | 7 | 11200 | ₹10,08,000 |
Industry Outlook
A large working population drives higher protein consumption and evolving food preferences, which can benefit the shrimp and red chilli export segments. Rising incomes and urbanization support demand for processed seafood and spice-based products, while exporters can capture growth by offering consistent quality, traceability, and value-added formats aligned with changing consumption patterns across key international markets. Rapid urbanization is driving a shift in consumption patterns, boosting demand for higher-value food products like seafood and spices both domestically and through export channels. Further, aquaculture is one of the fastest growing segments, driven by rising protein demand, export potential, and government support. Alongside marine fish production, aquaculture now dominates India’s fish market, reflecting robust sectoral expansion.
About Green Asia Impex
Green Asia Impex is engaged in the sourcing, processing and export of frozen seafood and agri-commodities, with a focus on frozen shrimps and dried chillies. The company was incorporated in 2014 and is headquartered in Tadepalligudem, Andhra Pradesh, India. They supply their products to business-to-business (B2B) customers, including importers, distributors and food processing entities, in domestic and international markets. The company is recognized as a Two Star Export House by the Directorate General of Foreign Trade, Ministry of Commerce & Industry, Government of India. Their customers comprise importers, distributors and food processing entities operating across multiple geographies and business segments. The company serves a diversified customer base and does not maintain a formal classification of its customers based on such categories within its accounting or internal reporting systems.
Strengths of Green Asia Impex
- Export-grade processing facilities compliant with global standards.
- They have strong, long-standing relationships with customers both in India and abroad.
- Trader-cum-commission agent network supporting procurement.
- Diversification across shrimp and chilli businesses with different product cycles.
- Cross-functional expertise and operational synergies driving efficiency.
Risks of Green Asia Impex
- They derive a significant portion of their revenue from exports to China, which exposes them to risks associated with economic, regulatory and geopolitical developments in China.
- They intend to utilize a portion of the net proceeds for setting up the proposed seafood processing facility at Chinnayagudem, Andhra Pradesh.
- They operate in an environmentally sensitive industry and are subject to biosecurity risks at shrimp farms, shrimp hatchery, landing areas, their processing and other facilities and during the transportation of raw and processed shrimp.
- They derive a significant portion of their revenue from domestic sales in India, from the shrimp segment, which exposes them to risks associated with economic, regulatory and market developments in India.
- They do not have a formal hedging policy and accordingly, face foreign exchange risks that could adversely affect their results of operations and cash flows.
Green Asia Impex Financials
Year | Year Data |
|---|---|
FY24 | 317.39 |
FY25 | 337.62 |
FY26 | 383.8 |
Peer Comparison
Company Name | Revenue from Operations (Cr) | P/E Ratio | EPS (Diluted) (₹) | NAV per share (₹) |
|---|---|---|---|---|
Green Asia Impex | 383.80 | - | 10.56 | 22.74 |
Apex Frozen Foods Limited | 931.14 | 29.16 | 12.43 | 168.96 |
Kings Infra Ventures Limited | 160.84 | 17.21 | 6.59 | 35.47 |
Essex Marine Limited | 60.69 | 4.40 | 4.63 | 26.25 |
Notes: 1. Financial information of the Company is derived from Restated Consolidated Financial Information for Fiscal 2026.
2. Financial information for the listed industry peers mentioned above has been sourced from the Industry Report titled “India Shrimp & Red Chilies Export Potential Outlook to 2030”, issued in September 2026 by Ken Research Private Limited, and the annual reports/financial results of the respective companies published on the websites of NSE/BSE, as applicable.
IPO Registrar and Book Running Lead Managers
Registrar Details
Bigshare Services Pvt.Ltd.
Email: ipo@bigshareonline.com
Tel: 8657578989/8069219065/8069219060
Book Running Lead Manager
Indorient Financial Services Ltd.
Green Asia Impex Contact Details
RS.No. 677/2A1, Unguturu(V) &(M), Eluru District, Vunguturu,
West Godavari, Andhra Pradesh, 554411
Email: cs@greenasiaimpex.com
Phone: +91 9908941785
Green Asia Impex Business Model
The company earns its revenue through the sourcing, processing and export of frozen seafood and agri-commodities while their main focus is on frozen shrimps and dried chillies.
Green Asia Impex Growth Trajectory
Green Asia Impex’s Total Income for FY26 was ₹388.63 crore, whereas in FY25 and FY24 it was ₹339.65 crore and ₹318.15 crore, respectively.
The Profit After Tax for FY26 was ₹15.61 crore, whereas in FY25 and FY24 it was ₹10.35 crore and ₹6.66 crore, respectively.
Their EBITDA for FY26 was ₹25.23 crore, whereas in FY25 and FY24 it was ₹20.74 crore and ₹17.35 crore, respectively.
Green Asia Impex Market Position
With over a decade of industry experience, Green Asia Impex has developed relationships with customers in India and overseas.
As of 31 March 2026, the company’s Total Income, Profit After Tax, and EBITDA were ₹388.63 crore, ₹15.61 crore, and ₹25.23 crore, respectively.
Green Asia Impex Profit and Loss Statement (in ₹ crore)
Parameter | FY 26 | FY 25 | FY 24 |
|---|---|---|---|
Total Income | 388.63 | 339.65 | 318.15 |
Profit Before Tax | 21.03 | 14.39 | 9.02 |
Profit After Tax | 15.61 | 10.35 | 6.66 |
EPS (Diluted) ₹ | 10.56 | 7.00 | 4.50 |
EBITDA | 25.23 | 20.74 | 17.35 |
Green Asia Impex Balance Sheet (in ₹ crore)
Parameter | FY 26 | FY 25 | FY 24 |
|---|---|---|---|
Profit Before Tax | 21.03 | 14.39 | 9.02 |
Net Cash from Operating Activities | (6.27) | (5.06) | (15.00) |
Net Cash from Investing Activities | (6.20) | 0.48 | (1.07) |
Net Cash from Financing Activities | 12.08 | 5.02 | 15.93 |
Cash & Cash Equivalents | 0.53 | 0.91 | 0.50 |
Note: () denotes negative
How to apply for Green Asia Impex IPO?
- Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.
Green Asia Impex IPO FAQs
The Green Asia Impex IPO opens for subscription from 24-09-2026 to 01-10-2026, with a total issue size of ₹60 Cr. The IPO price band is ₹85 to ₹90 per share with a lot size of 3200. The company aims to list the shares on BSE & NSE on 07-10-2026.
The Green Asia Impex IPO will open for subscription on 24-09-2026 and will close on 01-10-2026 for investors.
The lot size of Green Asia Impex IPO is 3200 equity shares, requiring a minimum investment of ₹144000/2 Lots for retail investors applying in the IPO.
The price band of the Green Asia Impex IPO has been fixed at ₹85 to ₹90 per equity share.
You can apply for the Green Asia Impex IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Green Asia Impex IPO allotment will take place on 05-10-2026.
You can check the Green Asia Impex IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Green Asia Impex shares will list on the stock exchanges on 07-10-2026.
You can find detailed information about the Green Asia Impex IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).
Pasupuleti Venkata Ramarao is the Managing Director of Green Asia Impex.
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This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit. The securities are quoted as an example and not as a recommendation. SEBI Registration No-INZ000200137 Member Id NSE-08081; BSE-673; MSE-1024, MCX-56285, NCDEX-1262.










