• Green Asia Impex Ltd IPO
GREENASIA IMPEX LTD logo with a stylized 'G' emblem combining a dark blue swoosh and a green leaf above green "GREEN" and dark blue "ASIA IMPEX LTD" text

Green Asia Impex IPO

  • Status: Live
  • RHP:
  • NSE SME
  • ₹ 272,000 / 3200 shares

    Minimum Investment

Green Asia Impex IPO Details

  • Open Date

    24 Sep 2026

  • Close Date

    28 Sep 2026

  • IPO Price Range

    ₹ 85 to ₹90

  • IPO Size

    ₹ 60.10 Cr

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Green Asia Impex IPO Timeline

Green Asia Impex IPO Subscription Status

Last Updated: 24 September 2026 6:43 PM by 5paisa

Green Asia Impex Limited is engaged in sourcing, processing and exporting frozen seafood and agri-commodities, with its business primarily focused on frozen shrimps and dried chillies. The company caters to business-to-business customers such as importers, distributors and food-processing entities across domestic and international markets. It is recognised as a Two Star Export House. 

The company operates its shrimp-processing facility at Unguturu in Andhra Pradesh, with an installed processing capacity of approximately 10,800 MTPA across block freezing and Individual Quick Freezing (IQF). It also operates a leased dried chilli processing facility in Guntur district. Its business model combines raw-material procurement, processing, quality control and supply based on customer specifications. 

Shrimps contributed 87.76% of revenue from operations in FY26. As of 31 March 2026, the company exported to markets including China, Kuwait, the United States, Malaysia, the United Kingdom, Vietnam and Thailand. 

Established in: 2014 

Managing Director: Pasupuleti Venkata Ramarao 

Peers: 

Apex Frozen Foods Limited  

Kings Infra Ventures Limited  

Essex Marine Limited  

Green Asia Impex Objectives

The company proposes to utilise the Net Proceeds from the Fresh Issue towards: 

1. Funding capital expenditure for setting up a proposed seafood processing facility, including purchase and installation of plant, machinery and equipment  

2. General corporate purposes  

Approximately ₹40.03 crore of the Net Proceeds is proposed to be deployed towards the new seafood processing facility. The total estimated cost of the project is ₹51.27 crore, with the balance proposed to be met through internal accruals. 

The Company will not receive any proceeds from the Offer for Sale. The OFS proceeds will accrue to the promoter selling shareholders, Pasupuleti Venkata Ramarao and Pasupuleti Meenakshi. 

Green Asia Impex IPO Size 

Types Size
Total IPO Size ₹60.10 Cr 
Offer For Sale ₹7.00 Cr 
Fresh Issue ₹53.10 Cr 

Green Asia Impex IPO Lot Size 

Application Lots Shares Amount (₹)
Retail (Min)   2 3200  ₹272000 
Retail (Max)   2 3200  ₹288000 
S-HNI (Min)  3 4800  ₹408000 
S-HNI (Max)  6 9600  ₹864000 
B-HNI (Min)  7 11200  ₹952000 

Green Asia Impex IPO Reservation

Investors Category Subscription (times) Shares Offered* Shares bid for Total Amount (Cr.)*
QIB (Ex Anchor) 0.00 18,94,400 0 0
Non-Institutional Buyers 0.00 25,72,800 9,600 0.086
  bNII (> ₹10L) 0.00 18,33,600 0 0
 sNII (< ₹10L) 0.01 7,39,200 9,600 0.086
Retail 0.03 22,17,600 76,800 0.691
Total** 0.01 66,84,800 86,400 0.778

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (In ₹ Crores) FY24 FY25 FY26
Revenue 317.39  337.62  383.80 
EBITDA 17.35  20.74  25.23 
PAT 6.66  10.35  15.61 
Particulars (In ₹ Crores) FY24 FY25 FY26
Total Assets 135.23  192.04  254.88 
Share Capital 4.93  4.93  14.79 
Total Liabilities 119.77  166.23  213.45 
Cash Flows (₹ Crores) FY24 FY25 FY26
Net Cash Generated From / (used in) Operating Activities (15.00)  (5.06)  (6.27) 
Net Cash Generated From / (used in) Investing Activities (1.07)  0.48  (6.20) 
Net Cash Generated From / (used in) Financing Activities 15.93  5.02  12.08 
Net Increase (Decrease) in Cash and Cash Equivalents (0.14)  0.44  (0.39) 


Strengths

1. The company operates export-grade seafood-processing facilities and holds certifications relevant to food safety and international seafood exports.  

2. Green Asia Impex has established customer relationships in both Indian and overseas markets and serves multiple international geographies.  

3. Its trader-cum-commission agent network supports procurement of shrimp and agricultural raw materials.  

4. Operations span both shrimps and dried chillies, providing exposure to two product categories with different demand and procurement cycles.  

5. Revenue, EBITDA and PAT increased between FY24 and FY26, while EBITDA and PAT margins also improved.  

Weaknesses

1. Shrimps contributed 87.76% of FY26 revenue from operations, resulting in substantial dependence on a single product segment.  

2. The top 10 customers accounted for 68.54% of FY26 revenue from operations, creating customer-concentration risk.  

3. Operating cash flow was negative in each of FY24, FY25 and FY26 due in part to working-capital requirements.  

4. Inventory and trade receivables increased materially in FY26, while the business relies significantly on working-capital borrowings.  

5. IQF shrimp-processing capacity utilisation was only 20.00% in FY26, compared with 54.82% utilisation for block freezing.  

Opportunities

1. The proposed seafood-processing facility is expected to increase total shrimp-processing capacity from approximately 10,800 MTPA to around 21,900 MTPA.  

2. The new facility is designed to support value-added products such as IQF, semi-cooked and ready-to-eat shrimp, expanding beyond the existing block-frozen product mix.  

3. Diversifying export destinations can reduce dependence on individual overseas markets and broaden the company's customer base.  

4. Increasing international demand for traceable, processed and value-added seafood may create opportunities for export-oriented processors.  

5. Improving automation and processing infrastructure could support higher volumes, better turnaround times and a wider range of customer specifications. 

Threats

1. Shrimp availability and pricing can be affected by disease outbreaks, weather, aquaculture conditions and fluctuations in farm output.  

2. Raw-material costs represented a substantial portion of revenue, and the company does not have long-term supply agreements with its trader-cum-commission agents.  

3. Changes in food-safety standards, import restrictions, tariffs or other regulatory requirements in export markets could affect shipments.  

4. The company does not have a formal foreign-exchange hedging policy, exposing earnings and cash flows to currency fluctuations.  

5. Delays, cost overruns or lower-than-planned utilisation at the proposed processing facility could affect expected benefits from the expansion.  

1. Revenue from operations increased from ₹317.39 crore in FY24 to ₹383.80 crore in FY26, while PAT rose from ₹6.66 crore to ₹15.61 crore.  

2. EBITDA margin improved from 5.47% in FY24 to 6.57% in FY26, alongside an increase in PAT margin from 2.10% to 4.07%.  

3. The company has an established presence in seafood exports and serves customers across several international markets.  

4. Around ₹40.03 crore of IPO proceeds is proposed to be used towards a new seafood-processing facility, which is expected to nearly double aggregate shrimp-processing capacity.  

5. The proposed facility is intended to increase exposure to IQF, semi-cooked, ready-to-cook and other value-added seafood products.  

The Indian shrimp market covered in the industry report is projected to grow from approximately ₹82,040 crore in 2025 to about ₹1,28,400 crore by 2030, representing a CAGR of around 9.4%. Growth is expected to be supported by international demand, sustainability and traceability requirements, improvements in aquaculture practices and diversification of export destinations. 

India's chilli export market is projected to increase from around ₹8,300 crore in FY25 to approximately ₹9,100 crore by FY30, translating into a CAGR of about 1.9%. 

Green Asia Impex participates in both segments but remains predominantly shrimp-focused. Its planned processing expansion is intended to increase seafood capacity to around 21,900 MTPA and add greater capabilities in IQF and other value-added shrimp products. This could allow the company to address evolving requirements in export markets while increasing processing scale. However, growth remains dependent on raw-material availability, export demand, regulatory compliance and successful utilisation of the expanded capacity. 

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FAQs

Green Asia Impex IPO opens from 24 September 2026 to 28 September 2026. 

The size of the Green Asia Impex IPO is approximately ₹60.10 crore, comprising a fresh issue of approximately ₹53.10 crore and an Offer for Sale of approximately ₹7.00 crore. 

The price band of Green Asia Impex IPO is fixed at ₹85 to ₹90 per share. 

1. Login to your 5paisa demat account and select the issue in the current IPO section.  

2. Enter the number of lots and the price at which you wish to apply for the Green Asia Impex IPO.  

3. Enter your UPI ID and click on submit. Your bid will then be placed with the exchange.  

4. You will receive a mandate notification to block funds in your UPI app.  

Individual Investors must apply for a minimum of two lots, or 3,200 shares. This requires an investment of approximately ₹2,72,000 at the floor price of ₹85 per share.  

The basis of allotment for the Green Asia Impex IPO is expected to be finalised on 29 September 2026. 

The Green Asia Impex IPO is tentatively scheduled to list on NSE SME / NSE Emerge on 1 October 2026. 

Indorient Financial Services Limited is the book-running lead manager to the Green Asia Impex IPO. 

The fresh-issue proceeds are proposed to be used for: 

1. Funding capital expenditure for setting up a proposed seafood-processing facility, including purchase and installation of plant, machinery and equipment  

2. General corporate purposes  

The Company will not receive any proceeds from the Offer for Sale.