SME
IPO ·
NSE Emerge
Green Asia Impex Ltd
Listed
Processes and exports frozen shrimp and dried chillies from an Andhra Pradesh facility.
Issue details
Price band
₹84 – ₹89
Face value
₹10
Lot size
1,600 shares
Minimum investment
₹2,84,800
Issue size
₹59.34 Cr
Fresh issue
₹52.46 Cr
Offer for sale
₹6.88 Cr
Issue type
Book Built
Exchange
NSE Emerge
Key dates
Opens
24 Sep 2026
Closes
1 Oct 2026
UPI mandate cut-off
5:00 PM on 1 Oct 2026
Allotment
5 Oct 2026
Refunds
6 Oct 2026
Shares in demat
6 Oct 2026
Listing
7 Oct 2026
Subscription and listing
Subscription
1.04x
Listing price
₹89
Registrar
Bigshare Services Pvt Ltd
Lead manager
Indorient Financial Services Ltd
Subscription by category
QIB (Ex Anchor)
2.06x
NII *
0.64x
bNII (> ₹10L)
0.73x
sNII (< ₹10L)
0.47x
Individual Investor
0.56x
Total
1.04x
Total applications
490
Listing day
Issue price
₹89
Open
₹89.00
High
₹89.00
Low
₹84.55
Day close
₹84.55
Listing gain at open
0.00%
Issue structure
Shares reserved per category and share of the total issue
QIB
18,97,600
28.46%
NII
22,16,000
33.24%
bNII > ₹10L
14,76,800
22.15%
sNII < ₹10L
7,39,200
11.09%
Retail
22,17,600
33.26%
Market Maker
3,36,000
5.04%
Total
66,67,200
100.00%
Finaccle’s quick read
Avoid
PAT up about 51% in FY26, but debt/equity of 2.90 with borrowings of ₹99.47 Cr against net worth of ₹24.13 Cr and a PAT margin near 3%.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Green Asia Impex is a seafood and spice exporter based at Unguturu in West Godavari, Andhra Pradesh. It procures, processes and sells frozen shrimp and dried chillies, largely to B2B buyers in India and overseas. It runs 7,200 MTPA block freezing and 3,600 MTPA IQF capacity, has 136 permanent staff and reported income of about ₹389 Cr in FY26.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
50.16%
ROCE
20.62%
Debt / equity
2.90
PAT margin
3.07%
P/E post issue
12.31
Market cap
₹192.23 Cr
Use of IPO money
Capex for seafood processing facility
₹40.03 Cr
General corporate purposes
₹6.10 Cr
Issue expenses
₹7.16 Cr
Strengths
✓
Export-grade shrimp processing facilities
✓
Two product lines with different seasonal cycles
✓
Established procurement network of traders and agents
✓
PAT up about 51% in FY26
✓
Most proceeds go to capacity expansion
Risks to watch
!
High debt/equity of 2.90; borrowings ₹99.47 Cr vs net worth ₹24.13 Cr
!
Thin PAT margin of about 3%
!
Export and commodity price exposure in shrimp and chillies
!
Net worth fell in FY26 despite higher profit
!
Weak 1.04x subscription and listing below issue price
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.