Overview
Updated 8 days agoGreen Asia Impex Limited is an integrated processor and exporter of frozen seafood and agri-commodities, primarily focusing on frozen shrimps and dried chillies. The company is undertaking an IPO to fund the expansion of its seafood processing facility in Andhra Pradesh.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,600 | ₹1,42,400 |
| bNII (min) | 8 | 12,800 | ₹11,39,200 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 4 Nov, 10:00 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | NSE |
| Segment | SME |
| Sector | Agriculture |
| Price band | ₹84–89 |
| Final issue price | ₹89.00 |
| Face value | ₹10 per share |
| Lot size | 1,600 shares |
| Minimum investment | ₹1,42,400 |
| Issue size | ₹60.00 Cr |
| Fresh issue | ₹53.10 Cr |
| Offer for sale | ₹7.00 Cr |
| P/E at upper band | 8.4x |
| Registrar | Bigshare Services Private Limited |
| Lead managers | Indorient Financial Services Limited |
| NSE symbol | GREENASIA |
| ISIN | INE1WDS01018 |
Fresh issue vs offer for sale
Shareholder quota and promoter holding
Company & business
Green Asia Impex Limited is a processor and exporter of frozen seafood and agri-commodities, specifically frozen shrimps and dried chillies. The company operates as a B2B entity, catering to importers, distributors, and food processing companies in domestic and international markets. It is recognized as a Two Star Export House by the Directorate General of Foreign Trade. The company sources raw materials through trader-cum-commission agents and processes them at its facility in Tadepalligudem, Andhra Pradesh. It is currently expanding its processing infrastructure to include value-added products like IQF, semi-cooked, and ready-to-eat items to meet growing demand in key export markets.
Objects of the issue — how the money will be used
- Funding capital expenditure for setting up the proposed seafood processing facility (₹40.03 Cr)
- General Corporate Purposes
Key strengths
- Export-grade processing facilities compliant with global standards
- Strong long-standing relationships with customers in India and abroad
- Trader-cum-commission agent network supporting procurement
- Diversification across shrimp and chilli businesses with different product cycles
- Experienced management team with industry expertise
Key risks
- Significant revenue dependence on exports to China
- Working capital intensive business dependent on external borrowings
- Concentration of manufacturing facilities in Andhra Pradesh
- No formal hedging policy for foreign exchange risks
- Dependence on a limited number of large customers
- Subject to strict quality requirements and regulatory inspections
- No contractual agreements with raw material suppliers
Promoters
Pasupuleti Venkata Ramarao, Pasupuleti Meenakshi
Decoded from the RHP with AI on 01-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 317.39 | -- | 6.66 | 135.23 | 15.46 | 63.73 |
| FY25 | 337.62 | -- | 10.35 | 192.04 | 25.81 | 74.92 |
| FY26 | 383.80 | -- | 15.61 | 254.88 | 41.43 | 99.47 |
Key performance indicators · FY26
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| Green Asia Impex this issue | 383.8 | 10.56 | 8.4x | 46.43 | 22.74 |
| Apex Frozen Foods Limited | 931.1 | 12.43 | 29.2 | 7.60 | 168.96 |
| Kings Infra Ventures Limited | 160.8 | 6.59 | 17.2 | 20.37 | 35.47 |
| Essex Marine Limited | 60.7 | 4.63 | 4.4 | 22.85 | 26.25 |
This issue is priced at 8.4x P/E against a peer median of 17.2x: a discount of 51%. A measurement, not a verdict.
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Dhanwel Hybrid SeedsDHANWEL · BSE · SME · Agriculture−5.0%26 Aug Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.