SME
    listed

    Green Asia Impex IPO

    Updated 11 Nov 2026, 6:45 pm.

    Open Demat Account
    GMP disclaimer: GMP is unofficial and unregulated. It is not a recommendation or a reliable estimate of listing price or returns. Consider the RHP and your own risk assessment before applying.

    Minimum investment (Individual investors (IND))

    ₹2,84,800

    2 lots · 3,200 shares at the upper price band

    Price band

    ₹89

    Latest GMP

    ₹0

    0.0% of the ₹89 upper band

    Est. listing price

    ₹90

    Issue size

    ₹56.35 Cr

    Listing price

    ₹89.00

    NSE GREENASIA, special pre-open price

    Listing gain

    +0.0%

    Listing price against the issue price

    First-day close

    ₹84.55

    Since issue

    -16.9%

    ₹74 close, 13 Nov 2026

    As NSE lists it

    The exchange's own issue data, NSE symbol GREENASIA · read 14 Nov 2026, 12:15 am

    Price band
    ₹84–89
    Bidding
    24 Sept 2026 – 1 Oct 2026
    Subscribed (NSE)
    —
    Shares offered
    —
    Listed
    7 Oct 2026
    Issue price
    ₹89

    NSE's subscription counts bids on its own platform and can differ from the combined NSE + BSE figure above.

    Allotment status

    Check it on the registrar's page or either exchange with your PAN or application number.

    1. Allotment finalised5 Oct 2026(done)
    2. Refunds start6 Oct 2026(done)
    3. Shares credited to demat6 Oct 2026(done)
    4. Listing7 Oct 2026(done)

    GMP history

    Each point is a recorded observation from the scheduled data sync.

    ObservedGMPEst. listing price
    7 Oct 2026, 8:50 am₹0₹90
    7 Oct 2026, 8:45 am₹0₹90
    6 Oct 2026, 6:50 pm₹0₹90
    6 Oct 2026, 6:45 pm₹0₹90
    6 Oct 2026, 1:50 pm₹0₹90
    6 Oct 2026, 1:45 pm₹0₹90
    6 Oct 2026, 8:50 am₹0₹90
    6 Oct 2026, 8:45 am₹0₹90
    5 Oct 2026, 6:50 pm₹0₹90
    5 Oct 2026, 6:45 pm₹0₹90
    5 Oct 2026, 1:50 pm₹0₹90
    5 Oct 2026, 1:45 pm₹0₹90
    5 Oct 2026, 11:31 am₹0₹90
    5 Oct 2026, 8:50 am₹0₹90
    5 Oct 2026, 8:45 am₹0₹90
    3 Oct 2026, 10:44 pm₹0₹90
    2 Oct 2026, 8:50 am₹0₹90
    2 Oct 2026, 8:45 am₹0₹90
    1 Oct 2026, 6:50 pm₹0₹90
    1 Oct 2026, 6:45 pm₹0₹90
    1 Oct 2026, 1:50 pm₹0₹90
    1 Oct 2026, 1:45 pm₹0₹90
    30 Sept 2026, 6:50 pm₹0₹90
    30 Sept 2026, 6:45 pm₹0₹90
    30 Sept 2026, 1:50 pm₹0₹90
    30 Sept 2026, 1:45 pm₹0₹90
    29 Sept 2026, 6:50 pm₹0₹90
    29 Sept 2026, 6:45 pm₹0₹90
    29 Sept 2026, 1:50 pm₹0₹90
    29 Sept 2026, 1:45 pm₹0₹90
    29 Sept 2026, 8:50 am₹0₹90
    29 Sept 2026, 8:45 am₹0₹90
    28 Sept 2026, 6:50 pm₹0₹90
    28 Sept 2026, 6:45 pm₹0₹90
    28 Sept 2026, 1:50 pm₹0₹90
    28 Sept 2026, 1:45 pm₹0₹90
    28 Sept 2026, 8:50 am₹0₹90
    28 Sept 2026, 8:45 am₹0₹90
    26 Sept 2026, 6:50 pm₹0₹90
    26 Sept 2026, 6:45 pm₹0₹90
    26 Sept 2026, 1:50 pm₹0₹90
    26 Sept 2026, 1:45 pm₹0₹90
    26 Sept 2026, 8:50 am₹0₹90
    26 Sept 2026, 8:45 am₹0₹90
    25 Sept 2026, 6:50 pm₹0₹90
    25 Sept 2026, 6:45 pm₹0₹90
    25 Sept 2026, 1:45 pm₹0₹90
    25 Sept 2026, 8:50 am₹0₹90
    25 Sept 2026, 8:45 am₹0₹90
    24 Sept 2026, 6:50 pm₹0₹90
    24 Sept 2026, 6:45 pm₹0₹90
    24 Sept 2026, 1:50 pm₹0₹90
    24 Sept 2026, 1:45 pm₹0₹90
    24 Sept 2026, 8:50 am₹0₹90
    24 Sept 2026, 8:45 am₹0₹90
    23 Sept 2026, 6:50 pm₹0₹90
    23 Sept 2026, 6:45 pm₹0₹90
    23 Sept 2026, 1:50 pm₹0₹90
    23 Sept 2026, 1:45 pm₹0₹90
    23 Sept 2026, 8:50 am₹0₹90
    23 Sept 2026, 8:45 am₹0₹90
    22 Sept 2026, 6:50 pm₹0₹90
    22 Sept 2026, 6:45 pm₹0₹90
    22 Sept 2026, 1:50 pm₹0₹90
    22 Sept 2026, 1:45 pm₹0₹90
    22 Sept 2026, 8:50 am₹0₹90
    22 Sept 2026, 8:45 am₹0₹90
    21 Sept 2026, 6:50 pm₹0₹90
    21 Sept 2026, 6:45 pm₹0₹90

    GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.

    Issue details

    Board
    SME
    Price band
    ₹89
    Issue size
    ₹56.35 Cr
    Lot size
    1,600
    Opens
    24 Sept 2026
    Closes
    1 Oct 2026
    Allotment
    5 Oct 2026
    Listing
    7 Oct 2026
    Est. listing price
    ₹90
    Listing price
    ₹89
    Listing gain
    +0.0%
    Registrar
    Bigshare Services Pvt.Ltd.
    Minimum investment
    ₹2,84,800 (2 lots · 3,200 shares)
    Face value
    ₹10 per share
    Issue type
    Bookbuilding IPO
    Sale type
    Fresh capital cum OFS
    Fresh issue
    ₹53 Cr
    Offer for sale
    ₹7 Cr
    Listing at
    NSE SME
    Refunds
    6 Oct 2026
    Shares credited
    6 Oct 2026
    Promoter holding
    94.65% before · 64.91% after
    Lead managers
    Indorient Financial Services Ltd.

    Subscription by category

    As of 30 Sept 2026, 5:54 pm.

    Total subscription

    0.66x

    Qualified Institutional1.47×
    Non Institutional0.25×
    Retail Individual0.37×

    Full issue details

    Details as published for this issue, read 30 Sept 2026, 7:05 pm. Verify against the RHP before applying.

    IPO Details

    IPO Date24 Sep to 1 Oct, 2026
    IPO Close (Extended)Thu, Oct 1, 2026
    Listing DateWed, Oct 7, 2026 (tentative)
    Face Value₹ 10 per share
    Price Band₹84 to ₹89
    Lot Size1,600 Shares
    Sale TypeFresh capital cum OFS
    Issue TypeBookbuilding IPO
    Listing AtNSE SME
    Total Issue Size66,67,200 shares (agg. up to ₹ 59 Cr)
    Reserved for Market Maker3,36,000 shares (agg. up to ₹ 3 Cr) Steel City Securities Ltd.
    Fresh Issue (Ex Market Maker)55,58,400 shares (agg. up to ₹ 49 Cr)
    Offer for Sale7,72,800 shares of ₹ 10 (agg. up to ₹ 7 Cr)
    Net Offered to Public63,31,200 shares (agg. up to ₹ 56 Cr)
    Share Holding Pre Issue1,54,58,945 shares
    Share Holding Post Issue2,13,53,345 shares

    IPO Timetable (Tentative)

    IPO Open
    Thu, Sep 24, 2026
    IPO Close (Extended)
    Thu, Oct 1, 2026
    Allotment
    Mon, Oct 5, 2026
    Refund
    Tue, Oct 6, 2026
    Credit of Shares
    Tue, Oct 6, 2026
    Listing
    Wed, Oct 7, 2026

    Issue Reservation

    • QIB28.34%
    • NII (HNI)33.46%
    • Retail33.17%
    • Market Maker5.03%
    Issue Reservation: Share of the issue reserved for each investor category. Figures as published in the table below.
    Investor CategoryShares% of Net Issue% of Total Issue
    QIB18,94,40029.84%28.34%
    NII (HNI)22,36,80035.23%33.46%
    - bNII > ₹10L4,03,200—6.03%
    - sNII < ₹10L18,33,600—27.43%
    Retail22,17,60034.93%33.17%
    Firm Reservations
    Market Maker3,36,000—5.03%
    Total66,84,800100.00%100.00%

    Green Asia Impex IPO comprises a total issue size of 66,84,800 shares. The net offer to the public is 63,48,800 shares, after excluding 3,36,000 shares allotted on a firm basis. Of the Net offer 18,94,400 (29.84%) are allocated to QIB , 22,36,800 (35.23%) allocated to NII 22,17,600 (34.93%) allocated to RII .

    IPO Lot Size

    Individual investors (IND) (Min)₹2,84,800
    Individual investors (IND) (Max)₹2,84,800
    S-HNI (Min)₹4,27,200
    S-HNI (Max)₹9,96,800
    B-HNI (Min)₹11,39,200
    IPO Lot Size: What an application costs at the upper price band, by category. Figures as published in the table below.
    ApplicationLotsSharesAmount
    Individual investors (IND) (Min)23,200₹2,84,800
    Individual investors (IND) (Max)23,200₹2,84,800
    S-HNI (Min)34,800₹4,27,200
    S-HNI (Max)711,200₹9,96,800
    B-HNI (Min)812,800₹11,39,200

    Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.

    About Green Asia Impex Ltd.

    Incorporated in 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.

    Product Portfolio:

    Shrimps: They are engaged in the sourcing, processing, and export of shrimps catering to both domestic and international markets.

    Dried chillies: They are engaged in the sourcing, processing and export of dried chillies catering to both domestic and international markets

    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 August 31, 2026, the workforce comprised 136 permanent employees.

    Competitive Strengths:

    Export-grade processing facilities compliant with global standards

    We 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

    In-house Quality Assurance and Control Team Ensuring Compliance

    Company Financials (Restated Consolidated)

    Total Income

    31 Mar 2024318.15
    31 Mar 2025339.65
    31 Mar 2026388.63

    Profit After Tax

    31 Mar 20246.66
    31 Mar 202510.35
    31 Mar 202615.61

    EBITDA

    31 Mar 202417.35
    31 Mar 202520.74
    31 Mar 202625.23

    NET Worth

    31 Mar 202415.46
    31 Mar 202525.81
    31 Mar 202624.13
    Company Financials (Restated Consolidated): Each line is scaled to its own largest period, ₹ crore - compare periods within a line, not one line against another. Figures as published in the table below.
    Period Ended31 Mar 202631 Mar 202531 Mar 2024
    Assets254.88177.95118.10
    Total Income388.63339.65318.15
    Profit After Tax15.6110.356.66
    EBITDA25.2320.7417.35
    NET Worth24.1325.8115.46
    Reserves and Surplus26.6420.8910.53
    Total Borrowing99.4774.9263.73
    Amount in ₹ Crore

    Green Asia Impex Ltd.'s revenue increased by 14% and profit after tax (PAT) rose by 51% between the financial year ending with March 31, 2026 and March 31, 2025.

    IPO Objects of the Issue

    #Issue ObjectsEst Amt (₹ Cr.)
    1Funding the capital expenditure for setting up the proposed seafood processing facility including purchase and installation of plant, machinery & equipment40.03
    2General Corporate Purposes—
    Total40.03

    The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

    Key Performance Indicator (KPI)

    KPIMar 31, 2025
    ROE50.16%
    ROCE20.62%
    Debt/Equity2.90
    RoNW50.16 %
    PAT Margin3.07%
    EBITDA Margin6.14%
    NAV13.96
    P/B (x)6.45

    Check IPO Peer Comparison here.

    IPO Valuation

    Valuation MetricPre IPOPost IPO
    EPS (₹)10.107.31
    P/E (x)8.9112.31
    Market Cap at Offer Price₹139.13 Cr.₹190.04 Cr

    Disclaimer

    The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue

    The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.

    The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

    Shareholding Structure

    Pre IPO

    • Promoter and Promoter Group94.65%
    • Public5.35%

    Post IPO

    • Promoter and Promoter Group64.91%
    • Public35.09%
    Shareholding Structure: Who holds the company before and after the issue. Figures as published in the table below.
    CategoryPre IPOPost IPO
    Promoter and Promoter Group94.65%64.91%
    Public5.35%35.09%
    Total100%100%

    Company Promoters: Pasupuleti Venkata Ramarao and Pasupuleti Meenakshi.

    Offer For Sale - Selling Shareholders

    NameCategoryEstimated Amount (₹ cr.)
    Pasupuleti Venkata RamaraoPromoter3.70
    Pasupuleti MeenakshiPromoter3.30
    Total—7.00

    *Estimated Amount (₹ cr.) shown until the actual number of shares offered in OFS is entered.

    Green Asia Impex IPO Recommendations

    Review BySubscribeMay ApplyNeutralAvoid
    Brokers0000
    Members0000

    IPO Registrar

    Bigshare Services Pvt.Ltd.

    8657578989/8069219065/8069219060

    ipo@bigshareonline.com

    IPO Lead Manager(s)

    Indorient Financial Services Ltd.

    Contact Details

    Green Asia Impex Ltd. Address

    RS.No. 677/2A1, Unguturu(V) &(M)

    Eluru District

    Vunguturu

    West Godavari, Andhra Pradesh , 554411

    +91 9908941785

    cs@greenasiaimpex.com

    FAQ

    Green Asia Impex: common questions

    Answered from this issue's own record.

    The Green Asia Impex SME IPO is priced at ₹89 per share, for an issue size of ₹56.35 crore.

    The issue opens on 24 Sept 2026 and closes on 1 Oct 2026, with listing expected on 7 Oct 2026.

    One lot is 1600 shares, and applications must be in multiples of a lot. At the upper band that is ₹1,42,400 for one lot.

    Latest recorded subscription: QIB 1.47x, NII 0.25x, retail 0.37x (as of 11 Nov 2026).

    Green Asia Impex listed at ₹89 on 7 Oct 2026. That was a gain of 0.00% against the issue price.