Green Asia Impex IPO: dates, price band, lot size and GMP
Green Asia Impex IPO closed on 1 Oct on the SME; price band ₹84 – ₹89, lot 1,600 shares, no GMP reported yet. Allotment 5 Oct, listing 7 Oct.
Updated 6 Oct 2026, 14:11 IST. Dated dealer references.
BuyUnlistedShares tracks 197 IPOs on its calendar; the Green Asia Impex IPO has a price band of ₹84 – ₹89, a lot of 1,600 shares and no grey-market premium reported yet as of 06 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 24 Sep – 1 Oct 2026 |
| Price band | ₹84 – ₹89 |
| Lot size | 1,600 shares |
| Issue size | ₹59.34 Cr |
| Fresh issue | ₹49.47 Cr |
| Offer for sale | ₹6.88 Cr |
| Subscription | 1.04x |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead managers | Indorient Financial Services Ltd. |
| Status | Closed, listing awaited |
Timeline
- Issue opens: 24 Sep
- Issue closes: 1 Oct
- Allotment: 5 Oct
- Refunds: 6 Oct
- Demat credit: 6 Oct
- Listing: 7 Oct
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 2.06x |
| NII | 0.64x |
| sNII | 0.47x |
| bNII | 0.73x |
| Retail | 0.56x |
| Total | 1.04x |
Last updated 1 Oct 2026, 5:55 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE SME |
| Market cap at the upper band | ₹192.23 Cr |
| P/E (pre-issue) | 8.91x |
| P/E (post-issue) | 12.31x |
| Fresh issue (shares) | 55,58,400 |
| Offer for sale (shares) | 7,72,800 |
| Total shares offered | 63,31,200 |
| Promoter holding pre-issue | 94.65% |
| Promoter holding post-issue | 64.91% |
| Promoters | Pasupuleti Venkata Ramarao, Pasupuleti Meenakshi |
| Lead managers | Indorient Financial Services Ltd. |
| Registrar phone | 8657578989/8069219065/8069219060 |
| Registrar email | ipo@bigshareonline.com |
| Company website | greenasiaimpex.com |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 1,600 | ₹2,84,800 |
| Retail (maximum) | 2 | 3,200 | ₹2,84,800 |
| sNII (minimum) | 3 | 4,800 | ₹2,84,800 |
| bNII (minimum) | 3 | 4,800 | ₹11,39,200 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| QIB | 29.8% | 18,94,400 | Not more than 30% of the Net Offer |
| NII (HNI) | 35.2% | 22,36,800 | Not less than 35% of the Net Offer |
| sNII | 11.6% | 7,39,200 | |
| bNII | 23.6% | 14,97,600 | |
| Retail | 34.9% | 22,17,600 | Not less than 35% of the Net Offer. |
| Market Maker | 5.3% | 3,36,000 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 24 Sep | 0.00x | 0.00x | 0.01x | 0.00x | 0.03x | 0.01x |
| Day 2 · 25 Sep | 0.00x | 0.01x | 0.02x | 0.00x | 0.07x | 0.03x |
| Day 3 · 28 Sep | 1.17x | 0.02x | 0.05x | 0.00x | 0.19x | 0.42x |
| Day 4 · 29 Sep | 1.47x | 0.02x | 0.05x | 0.00x | 0.22x | 0.52x |
| Day 5 · 30 Sep | 1.47x | 0.25x | 0.18x | 0.56x | 0.37x | 0.66x |
| Day 6 · 1 Oct | 2.06x | 0.64x | 0.47x | 0.73x | 0.56x | 1.04x |
Key ratios as of 31 Mar 2025
| EPS (pre-issue) | ₹10.1 |
|---|---|
| EPS (post-issue) | ₹7.31 |
| P/E (pre-issue) | 8.91x |
| P/E (post-issue) | 12.31x |
| RoNW | 50.16% |
| RoCE | 20.62% |
| RoE | 50.16% |
| PAT margin | 3.07% |
| EBITDA margin | 6.14% |
| Price / book | 6.45x |
| NAV per share | ₹13.96 |
| Debt / equity | 2.9 |
| Market cap (upper band) | ₹192.23 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 254.88 | 177.95 | 118.1 | +43.2% |
| Total Income | 388.63 | 339.65 | 318.15 | +14.4% |
| Profit After Tax | 15.61 | 10.35 | 6.66 | +50.8% |
| EBITDA | 25.23 | 20.74 | 17.35 | +21.6% |
| NET Worth | 24.13 | 25.81 | 15.46 | −6.5% |
| Reserves and Surplus | 26.64 | 20.89 | 10.53 | +27.5% |
| Total Borrowing | 99.47 | 74.92 | 63.73 | +32.8% |
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.
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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 — ₹6.1 Cr
- Issue Expenses — ₹7.16 Cr
Net proceeds: ₹53.29 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Green Asia Impex Ltd. (issuer) | 10.56 | 10.56 | 22.74 | — | 46.43% | — | — |
| Apex Frozen Foods Ltd. | 12.43 | 12.43 | 168.96 | 29.16x | 7.6% | 2.15 | — |
| Kings Infra Ventures Ltd. | 6.59 | 6.59 | 35.47 | 17.21x | 20.37% | 3.23 | — |
| Essex Marine Ltd. | 4.63 | 4.63 | 26.25 | 4.4x | 22.85% | 0.77 | — |
Notes: Closing Market Price (CMP) is the closing price as on March 30, 2026 or issue price whichever is later and is sourced from BSE. Basic and Diluted EPS as reported in the annual report of the listed peer company as available for the Fiscal 2026. P/E figures for the peers have been computed based on the Closing Market Price (CMP), being the closing price as on March 30, 2026.
Strengths (per the offer document)
- Export-grade processing facilities compliant with global standards — Our Company operates export-oriented processing facilities designed to meet quality, food safety, and regulatory requirements applicable to international markets.
- We have strong, long-standing relationships with customers both in India and abroad — With over a decade of industry experience, we have developed relationships with customers in India and overseas.
- Trader-cum-commission agent network supporting procurement — We have established relationships with trader-cum-commission agents operating in Agricultural Market Committee markets for procurement of shrimps and dried chillies.
- Diversification across shrimp and chilli businesses with different product cycles — Our Company operates in two product segments, namely frozen shrimps and dried chillies, which have different seasonal availability patterns.
- Cross-functional expertise and operational synergies driving efficiency — While shrimp and chilli operations are managed at separate facilities, we benefit from cross-functional expertise and centralized oversight.
- In-house Quality Assurance and Control Team Ensuring Compliance — We have established dedicated in-house Quality Assurance (QA) and Quality Control (QC) teams that monitor every stage of shrimp and chilli processing, from procurement of raw materials to the final…
- Diversified product portfolio catering to global markets — In shrimps, we process and export a wide range of varieties such as Vannamei, Black Tiger, and Freshwater shrimps, offered in formats like Head-On Shell-On (HOSO), Headless Shell-On (HLSO), and…
- Experienced and strong management team driving business growth and expansion — Our Promoters, Mr. Pasupuleti Venkata Ramarao, Managing Director, and Mrs.
Risk factors (as disclosed by the company)
- We intend to utilize a portion of the Net proceeds for setting up the Proposed Seafood Processing Facility at Chinnayagudem, Andhra Pradesh — We intend to utilise a portion of the Net Proceeds towards funding the capital expenditure for setting up the Proposed Seafood Processing Facility at Chinnayagudem, Andhra Pradesh.
- We operate in an environmentally sensitive industry and are subject to biosecurity risks at shrimp farms, shrimp hatchery, landing areas — Ensuring biosecurity and preventing diseases is critical to the success of our seafood processing business.
- We derive a significant portion of our revenue from domestic sales in India, from shrimp segment, which exposes us to risks associated with economic — Our business operations span various countries;
- We do not have a formal hedging policy and accordingly, face foreign exchange risks that could adversely affect our results of operations and cash flows — We have foreign currency payables for procurement of products and costs incurred during our export sales business operations and during our receivables, trade payables, borrowings and other…
- Our business is working capital intensive and dependent on external borrowings — Our business operations require significant working capital, particularly for procurement of raw materials, payment of taxes and duties levied by statutory authorities, offering extended credit…
- We have certain contingent liabilities, including a material income tax demand, which, if they materialise, may adversely affect our financial condition — As at March 31, 2026, we had contingent liabilities aggregating to ₹788.69 lakhs, details of which are set out below: Sr.
- We are subject to strict quality requirements, and regulatory and customer inspections — Our customers have high standards for product quality and delivery schedules.
- We do not have contractual agreements with suppliers for our raw materials — We primarily source our raw material in the following manner: Sr.
From the RHP (strengths pages 214–217, risk factors pages 28–32). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- Green Asia Impex IPO GMP today and trend
- Green Asia Impex IPO subscription status, day by day
- Green Asia Impex IPO allotment status and how to check
Frequently asked questions
When does the Green Asia Impex IPO open and close?
The issue is scheduled for 24 Sep – 1 Oct 2026.
What is the Green Asia Impex IPO price band?
The price band is ₹84 – ₹89 per share with a lot size of 1,600 shares.
How big is the Green Asia Impex IPO?
The total issue size is ₹59.34 Cr, of which ₹49.47 Cr is a fresh issue and ₹6.88 Cr an offer for sale.
When will Green Asia Impex list?
The tentative listing date is 7 Oct on the SME platform.
How do I apply for the Green Asia Impex IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Green Asia Impex · as filed with SEBI · nsearchives.nseindia.com
- Red herring prospectus (RHP), Green Asia Impex · as filed · nsearchives.nseindia.com
- Registrar allotment page, Bigshare Services Pvt.Ltd. · allotment 5 Oct · ipo.bigshareonline.com
- NSE public issues page · listing 7 Oct · nseindia.com
- Green Asia Impex company website · greenasiaimpex.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 6 Oct, 08:00 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Green Asia Impex IPO”, https://buyunlistedshares.com/ipo/green-asia-impex-ipo, as of 06 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk: the unlisted and pre-IPO dealing desk of Gayatri Financial Synergy, Faridabad, in the market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 06 Oct 2026.
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