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Green Asia Impex IPO
Price Band
₹85.0–90.0
Issue Size
₹60.0 Cr
Lot Size
1,600 shares
Min Investment
₹288,000
2 LOTS MIN
GMP
—
Issue Price
₹90.0
Green Asia Impex IPO AI Summary
- Green Asia Impex IPO is open now on NSE SME in the Other Agricultural Products sector.
- Price band: ₹85.0–₹90.0 per share, lot size 1,600 shares (min. investment ₹288,000, 2 lots minimum).
- Subscription window: 24 Sep–28 Sep 2026, listing on 01 Oct 2026.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
LIVE · updates every 5 minOverall Subscription
0.03x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
0.00x
|
0.00x |
| NII (HNI) |
0.01x
|
0.01x |
| ↳ bNII (>₹10L) |
0.00x
|
0.00x |
| ↳ sNII (<₹10L) |
0.02x
|
0.02x |
| Retail (RII) |
0.07x
|
0.07x |
| Total | 0.03x | 0.03x |
Auto-updated every 5 min · As of 25th Sep 2026 18:56
Green Asia Impex IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
TopFund Score — Listing Data Indicator
GMP is 0.0% above issue price
QIB subscribed 0.0x
No anchor allocation for this IPO
Similar IPOs (same sector & type) averaged 36.3% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
Founded in August 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. 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 January 31, 2026, the company's workforce included 125 permanent employees. nbsp;
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 254.88 | 177.95 | 118.10 |
| Total Income | 388.63 | 339.65 | 318.15 |
| Profit After Tax | 15.61 | 10.35 | 6.66 |
| EBITDA | 25.23 | 20.74 | 17.35 |
| NET Worth | 24.13 | 25.81 | 15.46 |
| Reserves and Surplus | 26.64 | 20.89 | 10.53 |
| Total Borrowing | 99.47 | 74.92 | 63.73 |
Key Ratios
EPS
₹10.10
NAV
₹13.96
ROE
50.16%
ROCE
20.62%
RoNW
50.16 %
P/B Value
6.45
P/E Ratio
8.91
Market Cap
₹192.23 Cr
PAT Margin
3.07%
Debt/Equity
2.90
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Essex Marine Ltd. | 26.25 | 22.85% | 4.4 | 4.63 | 4.63 |
| Kings Infra Ventures Ltd. | 35.47 | 20.37% | 17.21 | 6.59 | 6.59 |
| Apex Frozen Foods Ltd. | 168.96 | 7.6% | 29.16 | 12.43 | 12.43 |
| Green Asia Impex Ltd. This IPO | 22.74 | 46.43% | — | 10.56 | 10.56 |
Promoters
Pasupuleti Venkata Ramarao, Pasupuleti Meenakshi
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding the capital expenditure for setting up the proposed seafood processing facility including purchase and installation of plant, machinery & equipment 40.03 2 General Corporate Purposes Total 40.03
IPO Evaluation
Generated 27 Sep 2026Revenue Trend
Total Income was ₹318.15 Cr for the period ending 31 Mar 2024, increasing to ₹339.65 Cr by 31 Mar 2025, and further rising to ₹388.63 Cr by 31 Mar 2026. This indicates a consistent upward trend in revenue over the three periods.
Profit Trend
Profit After Tax was ₹6.66 Cr for the period ending 31 Mar 2024, rising to ₹10.35 Cr by 31 Mar 2025, and then to ₹15.61 Cr by 31 Mar 2026. This shows a steady increase in profitability across the periods.
Valuation
Green Asia Impex has an EPS of ₹10.10 and is priced at ₹90.0 per share, implying a P/E ratio of 8.91. In comparison, peers are trading at P/E ratios ranging from 4.4 to 29.16.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. It provides an indication of the expected listing price based on demand and supply dynamics in the grey market.
Subscription Demand
As of 25th September 2026, the IPO has received a total subscription of 0.03 times, with varying demand across categories. The retail category saw a subscription of 0.07 times, while the QIB category remained unsubscribed.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering factors such as market conditions and sector performance.
Who May Want to Wait
Investors with a low risk tolerance or those seeking guaranteed returns may want to avoid IPOs, as they can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens on 24th September 2026 and closes on 28th September 2026. Allotment will be done on 29th September 2026, and the listing is expected on 1st October 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are sold on the listing day. However, these gains are not guaranteed and can be influenced by market conditions, demand for the stock, and overall investor sentiment.
This evaluation is generated from Green Asia Impex's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Green Asia Impex IPO?
The price band of Green Asia Impex IPO is ₹85.0–₹90.0 per share.
When does Green Asia Impex IPO open and close?
Green Asia Impex IPO opens on 24 September 2026 and closes on 28 September 2026.
When does Green Asia Impex IPO list on the stock exchange?
Green Asia Impex IPO is scheduled to list on 01 October 2026, with an estimated listing price of ₹90.0 based on current GMP.
What is the lot size for Green Asia Impex IPO?
The lot size for Green Asia Impex IPO is 1600 shares, requiring a minimum investment of ₹288,000 (2 lots).
What is the TopFund Listing Data Indicator for Green Asia Impex?
Green Asia Impex's Listing Data Indicator score is 31/100 (Low signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
What is the lot size for this IPO?
The lot size for Green Asia Impex IPO is 1600 shares.
What is the minimum investment required?
The minimum investment required is ₹288,000.
What is the price band for the IPO?
The price band for the IPO is between ₹85.0 and ₹90.0.
When does the IPO open and close?
The IPO opens on 24th September 2026 and closes on 28th September 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
24 Sep 2026
Close
28 Sep 2026
Allotment
29 Sep 2026
Listing
01 Oct 2026
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