Green Asia Impex IPO Details: Key Dates, Price Band & Investment Overview

By Wealthova | Last Updated: September 22, 2026

Green Asia Impex Limited, an established player in the agro and marine export sector, is gearing up to make its primary market debut with an upcoming ₹60.10 Crore SME IPO. Operating out of Andhra Pradesh, the company specializes in the sourcing, processing, and export of high-quality frozen seafood and agri-commodities, with a primary focus on frozen shrimps and dried chillies. Operating a robust, export-oriented business model, Green Asia Impex serves a diversified customer base across multiple international geographies, holding essential global food safety certifications. The subscription window for this book-built issue opens on September 24, 2026, and closes on September 28, 2026. The price band is set between ₹85 to ₹90 per equity share. The offering comprises a Fresh Issue of ₹53.10 Crore alongside an Offer for Sale (OFS) of ₹7.00 Crore. Retail investors must apply for a minimum of 2 lots (3,200 shares), requiring an investment of ₹2,88,000 at the upper price band. The company plans to utilize the fresh capital primarily to fund capital expenditure for setting up a new seafood processing facility and for general corporate purposes. Set to list on the NSE SME platform, market participants are closely watching this fast-growing enterprise, backed by a strong FY26 total revenue of ₹388.63 Crore and a net profit of ₹15.61 Crore. Below, we break down the financial health, industry risk factors, and our honest Smart Market Insights to help you decide if you should subscribe to this issue!



Green Asia Impex IPO Details

Quick IPO Factsheet

Bidding Opens

September 24, 2026

Bidding Closes

September 28, 2026

Price Band

₹85 to ₹90

(Book Built)
Lot Size

1,600 Shares

(Min. 2 Lots for Retail)
Total Issue Size

₹60.10 Cr

(66.78 Lakh Shares)
Fresh Issue Size

₹53.10 Cr

(+ ₹7.00 Cr OFS)
Retail Category

35.00% Allocation

Face Value

₹10 Base

Market Structure

SME (NSE SME)




Green Asia Impex IPO Timeline

IPO Open Date September 24, 2026
IPO Close Date September 28, 2026
Basis of Allotment September 29, 2026
Initiation of Refunds September 30, 2026
Credit to Demat Account September 30, 2026
NSE SME Listing Date October 1, 2026



Deep-Dive Corporate Profile: What Does Green Asia Impex Limited Do?

Incorporated in 2014, Green Asia Impex Limited is a prominent, export-oriented enterprise operating in the Indian agro and marine food processing sector. Based in Andhra Pradesh, the company specializes in the sourcing, processing, and export of high-quality frozen seafood and agricultural commodities, serving a robust Business-to-Business (B2B) network of domestic and international importers, distributors, and food processors.

The company’s core business operations and strategic advantages include:

  • Dual-Segment Product Portfolio: The company diversifies its revenue through two distinct operational segments with different product cycles:
    • Frozen Shrimps: Sourcing, processing, and exporting various varieties including Vannamei, Black Tiger, and freshwater shrimps in multiple formats such as Head-On Shell-On (HOSO), Headless Shell-On (HLSO), and Peeled & Deveined (PD).
    • Dried Chillies: Trading and exporting premium Indian chilli varieties including Teja, Guntur Sannam, and Bydagi, catering to both domestic and international markets based on specific heat and colour profile requirements.
  • Robust Processing Infrastructure: Green Asia Impex currently operates significant processing facilities boasting a block freezing capacity of 7,200 Metric Tonnes Per Annum (MTPA) and an Individual Quick Freezing (IQF) capacity of 3,600 MTPA.
  • Global Food Safety & Quality Compliance: To meet stringent international trade regulations, the company maintains export-grade processing units that are fully compliant with global food safety standards, backed by a dedicated in-house Quality Assurance and Control team.
  • Strong Sourcing Network: Operations are supported by a widespread trader-cum-commission agent network, ensuring a steady, high-quality procurement pipeline of raw agricultural and marine harvests.


Why is the Company Raising Funds? (Objects of the Issue)

The Green Asia Impex IPO comprises a ₹53.10 Crore Fresh Issue alongside an Offer for Sale (OFS) of ₹7.00 Crore. While the OFS proceeds will go directly to the selling shareholders, the net proceeds from the fresh equity issuance will be actively deployed to fund the following primary objectives:

  • Establishing a New Seafood Processing Facility (Capital Expenditure): A dominant portion of the fresh funds—amounting to ₹40.03 Crore—is strictly earmarked for significant capital expenditure. The company plans to utilize this capital to set up a brand-new, state-of-the-art seafood processing facility. This includes the direct purchase, installation, and commissioning of advanced plant machinery and equipment to drastically scale their export production capacity.
  • General Corporate Purposes: The remaining balance of the fresh issue proceeds will be allocated toward ordinary corporate requirements. This provides a liquidity buffer to fund ongoing business development initiatives, meet working capital contingencies, and support day-to-day administrative operations. Under standard SEBI guidelines, this allocation is capped at a maximum of 25% of the total raised capital.

🏗️ Capital Expenditure 75.39%

₹40.03 Crore is specifically earmarked for setting up a brand-new seafood processing facility in Andhra Pradesh, including the purchase and installation of essential plant, machinery, and equipment to scale production[cite: 3].

🏛️ Gen. Corporate & Exp. 24.61%

₹13.07 Crore represents the balance of the fresh issue proceeds, which is allocated to cover standard public issue expenses, meet working capital contingencies, and fund general corporate purposes.



Company Financials

*All amounts are in ₹ Crores (Restated Consolidated)
📅 Period Ended 📈 Total Income 💼 Net Worth 💰 PAT 🏦 Assets
FY 2024 ₹318.15 ₹15.46 ₹6.66 ₹118.10
FY 2025 ₹339.65 ₹25.81 ₹10.35 ₹177.95
FY 2026 ₹388.63 ₹41.43 ₹15.61 ₹254.88



Green Asia Impex IPO Key Performance Indicators (KPIs)

Financial KPI (FY26)* Value
Return on Equity (ROE) 46.43% (FY26)
Return on Capital Employed (ROCE) 19.69% (FY26)
EBITDA Margin 6.57% (FY26)
PAT Margin 4.07% (FY26)
Debt to Equity Ratio 2.40x (FY26)
Return on Net Worth (RoNW) 46.43% (FY26)
Earnings Per Share (EPS) ₹10.10 (Pre-IPO) | ₹7.31 (Post-IPO)
Price/Earning (P/E) Ratio 8.91x (Pre-IPO) | 12.31x (Post-IPO)
Net Asset Value (NAV) ₹22.74 (Pre-IPO)
Price to Book (P/B) 3.96x (At Upper Band)
Market Cap at Offer Price ₹139.13 Cr (Pre-IPO) | ₹192.23 Cr (Post-IPO)



Promoters & Shareholding Pattern

Shareholder Category Pre-IPO Holding Post-IPO Holding
Promoter & Promoter Group 94.65% 64.87%
Public / Institutional / Others 5.35% 35.13%
💡
Smart Market Insights

Green Asia Impex Limited is promoted by Pasupuleti Venkata Ramarao and Pasupuleti Meenakshi[cite: 3]. Prior to the issue, the promoter duo held a controlling 94.65% equity stake[cite: 3]. As part of the ₹60.10 Crore offering, the promoters are offloading ₹7.00 Crore via Offer for Sale (OFS)—with Pasupuleti Venkata Ramarao selling shares worth ₹3.70 Crore and Pasupuleti Meenakshi selling shares worth ₹3.30 Crore[cite: 3]. Combined with the ₹53.10 Crore fresh equity issue, the post-IPO promoter holding will recalibrate to a solid majority of 64.87%[cite: 3], ensuring intact operational control as the company executes its ₹40.03 Crore seafood processing capex.

Industry Peer Comparison

Company Name EPS (₹) P/E Ratio (Post-IPO) NAV (₹)
Green Asia Impex Ltd (IPO) 7.31 12.31x 22.74
Apex Frozen Foods Limited 12.43 29.16x 168.96
Kings Infra Ventures Limited 6.59 17.21x 35.47
Essex Marine Limited 4.63 4.40x 26.25



IPO Strengths & Key Risks

Strengths
Proven Financial Scalability: Green Asia Impex has demonstrated robust top-line growth, with total income scaling from ₹318.15 Crore in FY24 to ₹388.63 Crore in FY26. More impressively, net profit (PAT) more than doubled over the same period, growing from ₹6.66 Crore to ₹15.61 Crore, showcasing strong operational leverage.
High Capital Efficiency: The business generates exceptional returns on shareholder funds. In FY26, the company posted an outstanding Return on Equity (ROE) of 46.43% (pre-IPO) and a solid ROCE of 19.69%, indicating that management efficiently turns capital into profitable growth.
Strategic Capacity Expansion: A dominant 75% (₹40.03 Crore) of the fresh issue proceeds is allocated toward establishing a new, advanced seafood processing facility. This hard-asset capital expenditure will directly expand their export volume capacity and support long-term revenue growth.
Stringent Quality Certifications: Catering primarily to global export markets requires strict compliance. The company holds critical food safety and quality certifications, acting as a strong barrier to entry and ensuring continued acceptance by international bulk importers and distributors.
Key Risks
High Debt & Leverage Profile: The company operates with significant leverage, reporting a Debt-to-Equity ratio of 2.40x in FY26. With total assets of ₹254.88 Crore against a net worth of ₹41.43 Crore, high ongoing finance costs will continue to pressure net margins if debt is not strategically restructured post-IPO.
Thin Operating Margins: Despite generating a massive ₹388 Crore top-line, the company operates in a highly commoditized trading and processing sector. This results in very thin profitability margins—specifically an EBITDA margin of 6.57% and a PAT margin of just 4.07% in FY26.
Vulnerability to Biological & Climate Risks: The core seafood and agricultural (chillies) segments are highly susceptible to disease outbreaks (like white spot syndrome in shrimps), adverse weather conditions, and shifting climate patterns, which can severely disrupt raw material availability and pricing.
Forex & Export Regulatory Risks: As an export-oriented enterprise, revenues are heavily exposed to foreign exchange currency fluctuations. Additionally, sudden changes in international trade policies, tariffs, or stringent sanitary import bans by key destination countries could materially impact sales.



💡

Smart Market Insights

Wealthova Verdict: SUBSCRIBE (GROWTH-FOCUSED EXPORT PLAY)

Green Asia Impex Limited brings a high-volume agro and marine export enterprise to the NSE SME platform. Headquartered in Andhra Pradesh, the company specializes in sourcing, processing, and globally exporting frozen seafood (shrimps) and premium agricultural commodities (dried chillies). By operating a dual-segment business model that serves established international B2B buyers with strict quality certifications, the company has capitalized effectively on India's growing dominance in global seafood and spice exports. Over recent years, top-line performance has shown robust consistency, scaling from ₹318.15 Crore in FY24 to ₹388.63 Crore in FY26. Concurrently, net earnings accelerated sharply, with Profit After Tax (PAT) more than doubling from ₹6.66 Crore to ₹15.61 Crore, translating into an exceptional FY26 Return on Equity (ROE) of 46.43% and an ROCE of 19.69%.

A candid examination of the company's operating architecture reveals strong capital efficiency balanced against typical agro-commodity risks. On the positive side, the company efficiently converts capital into profits; however, operating in a highly commoditized trading sector yields structurally thin margins—specifically an EBITDA margin of 6.57% and a PAT margin of 4.07% in FY26. Furthermore, the company carries significant leverage, reporting a Debt-to-Equity ratio of 2.40x. Despite this leverage, the IPO objectives are highly strategic: a dominant 75.39% (₹40.03 Crore) of the fresh capital is strictly earmarked for hard capital expenditure to establish a brand-new, advanced seafood processing facility, which will directly scale their high-margin export capacity.

On the valuation front, at the upper price band of ₹90 per equity share (Face Value ₹10), the IPO is valued at an attractive pre-issue P/E of 8.91x (pre-IPO EPS of ₹10.10) and a post-issue P/E of 12.31x (post-IPO EPS of ₹7.31). This sits at a noticeable discount when benchmarked against listed peers like Apex Frozen Foods (P/E ~29x) and Kings Infra Ventures (P/E ~17.21x). Backed by an aggressive capex expansion plan, strong return ratios, and favorable export tailwinds, the IPO requires a minimum retail commitment of ₹2,88,000 (2 lots / 3,200 shares). Green Asia Impex warrants a SUBSCRIBE rating—best suited for investors seeking exposure to India's high-growth export processing sector at a very reasonable entry multiple.

Disclaimer: The information provided above is for educational and informational purposes only and does not constitute financial advice. Initial Public Offerings (IPOs) carry market risks, and equity investments are subject to broader market fluctuations. Wealthova is not a SEBI-registered investment advisor. Always consult with a certified financial planner and conduct your own due diligence before locking up capital in any public issue.



Green Asia Impex IPO Key Contacts & Advisors

Role / Entity Contact & Details
📋 IPO Registrar Bigshare Services Pvt. Ltd.

Office No S6-2, 6th floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai - 400093, Maharashtra, India

Phone: +91 86575 78989 / 80692 19065[cite: 4] Email: ipo@bigshareonline.com[cite: 4]
🏢 Company Contact Green Asia Impex Limited

RS.No. 677/2A1, Unguturu(V) & (M), Eluru District, Andhra Pradesh - 534411, India[cite: 4]

💼 Merchant Bankers Indorient Financial Services Ltd.

Book Running Lead Manager

A/501, Executive Spaces, Rustomjee Central Park, Andheri Kurla Road, Chakala, Andheri East, Mumbai - 400093, Maharashtra, India

Website: indorient.in



Frequently Asked Questions (FAQs)

What are the opening and closing dates for the Green Asia Impex IPO?
The Green Asia Impex IPO opens for subscription on September 24, 2026, and closes on September 28, 2026. The basis of allotment will be finalized on September 29, 2026, with the official stock market listing scheduled on the NSE SME platform for October 1, 2026.
What is the minimum lot size and investment required for retail investors?
Retail investors are required to apply for a minimum of 2 lots (3,200 shares). At the upper price band of ₹90 per share, the minimum retail investment required is ₹2,88,000. High Net Worth Individuals (HNI / NII) must apply for a minimum of 3 lots (4,800 shares), amounting to ₹4,32,000.
How can I check the allotment status for the Green Asia Impex IPO?
You can check your Green Asia Impex IPO allotment status online starting September 29, 2026, using any of the following portals:
  1. Wealthova (Recommended): Check directly on the Wealthova IPO Allotment Status Hub using your PAN number or Application Number for real-time verification.
  2. Official Registrar Portal: Visit the official allotment page of Bigshare Services Pvt. Ltd.
  3. Stock Exchange Portal: Verify directly on the official NSE IPO allotment status page.
Where will the Green Asia Impex IPO be listed?
Green Asia Impex Limited is an SME public issue, and its equity shares will be listed exclusively on the NSE SME platform on October 1, 2026.
What is the total issue size and price band for the IPO?
The total issue size is ₹60.10 Crore, consisting of a Fresh Issue of ₹53.10 Crore alongside an Offer for Sale (OFS) of ₹7.00 Crore. It is a book-built issue with a price band set between ₹85 to ₹90 per equity share.
Who is the registrar and lead manager for this public issue?
Bigshare Services Pvt. Ltd. is acting as the official IPO Registrar. The Book Running Lead Manager for the issue is Indorient Financial Services Ltd.