Summary
Green Asia Impex is an Andhra Pradesh-based frozen shrimp and dried chilli exporter launching its ₹60.10 crore SME IPO from 24th to 28th September 2026.
The issue combines a ₹53.10 crore fresh issue with a ₹7 crore offer for sale from the two promoters, and the shares are proposed to list on NSE SME on 1st October 2026.
The price band is ₹85–90 per share, with a lot size of 1,600 shares and a minimum investment of ₹2,88,000.
Green Asia Impex is coming out with a ₹60.10 crore SME book-building issue with a face value of ₹10 per share. The IPO will remain open from 24 September to 28 September 2026, with the price band set at ₹85 to ₹90 per share. The issue includes a ₹53.10 crore fresh issue and a ₹7 crore offer for sale, through which promoters Pasupuleti Venkata Ramarao and Pasupuleti Meenakshi will each sell part of their holdings. Each lot contains 1,600 shares.
Retail investors need to apply for at least two lots, or 3,200 shares, which comes to ₹2,88,000 at the upper end of the price band. S-HNI investors need a minimum of 3 lots, or 4,800 shares, requiring ₹4,32,000. For B-HNI investors, the minimum is 7 lots, or 11,200 shares, amounting to ₹10,08,000. Allotment is expected on 29 September 2026, while the tentative NSE SME listing date is 1 October 2026.
Green Asia Impex IPO Key Details
Here are the main details of the issue at a glance.
| IPO Open Date | 24 September 2026 |
| Close Date | 28 September 2026 |
| Face value | ₹10 per share |
| Price Band | ₹85 to ₹90 |
| IPO Lot Size | 1,600 Shares |
| Fresh issue | ₹53.10 crore approx |
| Offer for Sale | ₹7.00 crore approx |
| Type of issue | Book-building (SME) |
| Listing at | NSE SME |
| Total Issue Size (₹ Crore) | ₹60.10 cr approx |
| Minimum Investment | ₹2,88,000 (2 lots / 3,200 shares) |
Green Asia Impex IPO Timeline
The IPO process is scheduled to move through the following dates.
| Bid Opening | 24 September 2026 |
| Bid Closing | 28 September 2026 |
| Tentative Allotment | 29 September 2026 |
| Initiation of Refunds | 30 September 2026 |
| Credit of Shares to Demat | 30 September 2026 |
| Tentative Listing Date | 1 October 2026 |
| UPI mandate closing date | 28 September 2026 |
Key Performance Indicators of Green Asia Impex Ltd.
These ratios show the company’s returns, margins and debt position over the last three financial years.
| 31-03-2026 | 31-03-2025 | 31-03-2024 | |
| ROE (% before exceptional item) | 46.43 | 50.16 | 51.34 |
| ROCE (%) | 19.69 | 19.99 | 18.85 |
| Debt Equity (in times) | 2.40 | 2.90 | 4.12 |
| RoNW (%) | 46.43 | 50.16 | 51.34 |
| PAT Margin (% before exceptional item) | 4.07 | 3.07 | 2.10 |
| EBITDA margin (%) | 6.57 | 6.14 | 5.47 |
Green Asia Impex Ltd. Financial Details
The company’s financial performance over the past three years is shown below.
| FY 2025-2026 | FY 2024-2025 | FY 2023-2024 | |
| Revenue | 388.63 | 339.65 | 318.15 |
| Total Asset | 254.88 | 192.04 | 135.23 |
| Profit | 15.61 | 10.35 | 6.66 |
Green Asia Impex IPO Subscription Status
Subscription details have not been released yet.
Investors can place bids between 10:00 AM and 5:00 PM during the IPO period.
Green Asia Impex IPO Grey Market Premium (GMP)
The Green Asia Impex IPO GMP is currently ₹0. At the current price band of ₹85–₹90 per share, the GMP of ₹0 indicates no premium over the upper end of the price band.
| GMP Date | GMP | Est. Listing Price on upper price-₹90.00 | Est. Profit* | Trend |
|---|---|---|---|---|
| 23-Sep 21:29 | ₹0 (0.00%) ─ | ₹90 | ₹0 | Initial |
**GMP refers to the premium attached to IPO shares in the unofficial grey market before they begin trading on the stock exchange.
Green Asia Impex IPO Reservation
The net offer is divided between the investor categories as follows.
| Investor Category | Shares |
| QIBs | Not more than 30% of the Net Offer |
| NIIs | Not less than 35% of the Net Offer |
| Retails | Not less than 35% of the Net Offer |
Green Asia Impex IPO Prospectus
The prospectus documents for the Green Asia Impex IPO are listed below.
About Green Asia Impex Limited
Green Asia Impex was incorporated in 2014 and is based in Tadepalligudem, Andhra Pradesh. The company sources, processes and exports frozen shrimps and dried chillies, with shrimp contributing nearly 88% of its FY26 revenue. It is recognised as a Two Star Export House by India’s DGFT and operates a semi-automated processing facility at Unguturu. A second unit is being added to increase capacity. Its B2B customers include importers, distributors and food processors across India, China, the US, UK and other markets.
Promoters:
- Pasupuleti Venkata Ramarao
- Pasupuleti Meenakshi
| Book Runner | Indorient Financial Services Limited |
| Issue Registrar | Bigshare Services Private Limited |
Purpose of Green Asia Impex IPO
The net proceeds from the issue are proposed to be used for the following purposes.
| Particulars | Estimated Amount in ₹ Crores |
| Funding capital expenditure for the proposed seafood processing facility, including plant, machinery and equipment | 40.03 |
| General Corporate Purposes | — |
| Total | 40.03 |
Green Asia Impex Limited – Strengths and benefits
- Export-grade certifications: The company’s processing facilities have HACCP, ISO 22000, FSSAI and FDA registrations, supporting compliance with food-safety requirements in its export markets.
- Strong repeat-customer base: Repeat customers contributed 73.95% of FY26 revenue, reflecting relationships with Indian and overseas buyers built over more than a decade.
- Dual-product diversification: The company operates across shrimp and chilli products, which have different seasonal cycles and help spread its dependence across two product lines.
- Growing export footprint: Green Asia Impex exported to seven countries in FY26, including China, the US, UK and Kuwait. It also participates in trade exhibitions to develop its customer base.
Green Asia Impex Limited – Risks and limitations
- China revenue concentration: Customers in China contributed 31.29% of FY26 revenue from operations, making the company exposed to changes in demand from this market.
- Customer concentration in shrimp: The top ten shrimp customers accounted for 68.54% of the company’s total revenue in FY26.
- Single-state manufacturing: Both the existing and proposed processing facilities are located in Andhra Pradesh, making operations more exposed to disruptions affecting the state.
- Highly leveraged balance sheet: Debt-equity stood between 2.40 and 4.12 times over the past three years. While debt has supported the company’s growth, the level of leverage also increases its financial exposure if operating performance weakens.
Green Asia Impex IPO Review
Green Asia Impex saw its revenue and profit grew in FY26. The company is raising ₹60.10 crore through the IPO, of which ₹53.10 crore will come from a fresh issue and ₹7 crore from an offer for sale. Around ₹40.03 crore from the issue is planned for a new seafood processing facility. At the same time, China exposure, customer concentration, high debt, and manufacturing dependence on Andhra Pradesh are factors to keep in view. The GMP was ₹0 as of 22 September 2026.
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Green Asia Impex IPO FAQs
Green Asia Impex IPO is a ₹60.10 crore SME book-building issue, comprising a ₹53.10 crore fresh issue and a ₹7 crore offer for sale by the two promoters. The shares are proposed to be listed on NSE SME.
Investors can apply through a stockbroker or an IPO-enabled trading platform linked to their demat account. Payment can be authorised through UPI or ASBA, with a minimum application of two lots.
The IPO has pros and cons.. Its export certifications, repeat-customer base, product mix and earnings growth are notable, while China exposure, customer concentration, single-state operations and high leverage are key risks to consider.
The IPO will open for bidding on 24 September 2026 and close on 28 September 2026.
Each lot contains 1,600 shares. Since the minimum application is two lots, investors need to bid for 3,200 shares, requiring ₹2,88,000 at the upper price band.
The allotment is expected on 29 September 2026. Refunds and the credit of shares to demat accounts are scheduled for 30 September 2026.
The shares are tentatively scheduled to be listed on NSE SME on 1 October 2026.
