In Progress
Valuation
Market Cap
₹192.18 Cr
P/E Ratio
8.52x
P/B Ratio
3.21x
Green Asia IPO Dates
Open
Close
Allotment
Refunds
Credit
Listing
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Business Overview
Green Asia Impex Limited, incorporated in 2014 and headquartered in Tadepalligudem, Andhra Pradesh, is engaged in the sourcing, processing and export of frozen seafood and agri-commodities, focused on frozen shrimps and dried chillies. It supplies B2B customers, including importers, distributors and food processors, across domestic and international markets, and is a Two Star Export House. In shrimps, it processes Vannamei, Black Tiger and freshwater varieties in HOSO, HLSO and Peeled & Deveined formats; in chillies, it trades whole dried and stemless varieties like Teja, Bydagi and Guntur. Shrimps contributed over 87.76% of Fiscal 2026 revenue. It operates a facility at Unguturu and proposes a new one at Chinnayagudem, funded partly from IPO proceeds.
Lots & IPO Size
Green Asia IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 3,200 | ₹2,88,000 |
| Ind (Max) | 2 | 3,200 | ₹2,88,000 |
| S-HNI (Min) | 3 | 4,800 | ₹4,32,000 |
| S-HNI (Max) | 6 | 9,600 | ₹8,64,000 |
| B-HNI (Min) | 7 | 11,200 | ₹10,08,000 |
Market Maker
TBA
Employee
₹0.00
Shareholder
₹0.00
Green Asia IPO Size
Total
₹60 Cr
Fresh Issue
₹53 Cr
(0.59 Cr
Shares)
Offer For Sale
₹7 Cr
(0.08 Cr
Shares)
Promoters₹7 Cr
Objects of the Issue
Funding the capital expenditure for setting up the proposed seafood processing facility
General Corporate Purposes & Issue Expenses
Total
Key Risk Factors
The company derives a significant portion of its revenue (31.29% in Fiscal 2026) from exports to China, exposing it to economic, regulatory and geopolitical risks there.
Key Risk Factors
The company derives a significant portion of its revenue (31.29% in Fiscal 2026) from exports to China, exposing it to economic, regulatory and geopolitical risks there.
The company intends to use part of the Net Proceeds to build a seafood processing facility at Chinnayagudem, Andhra Pradesh, but has not yet placed machinery orders, risking delays.
The company operates in an environmentally sensitive industry and faces biosecurity risks at shrimp farms, hatcheries, processing facilities and during transport of shrimp products.
The company derives a significant portion of its shrimp segment revenue from domestic sales in India, exposing it to India-specific economic, regulatory and market risks.
The company has no formal hedging policy and faces foreign exchange risk; as of March 31, 2026, ₹41.33 lakhs of its foreign currency exposure remained unhedged.
The company's business is working-capital intensive and depends on external borrowings; net working capital days rose to 90 in Fiscal 2026 from 52 in Fiscal 2024.
The company has contingent liabilities of ₹788.69 lakhs, mainly an income-tax demand under appeal for FY2021-22, equal to 19.04% of its net worth as of March 31, 2026.
The company is subject to strict quality requirements and customer/regulatory inspections; failure to comply could lead to cancellation of existing and future orders.
The company has no contractual agreements with raw-material suppliers; its top 10 suppliers accounted for 40.63% of shrimp and 51.38% of dried chillies purchases in Fiscal 2026.
The company's financing agreements impose operational and financial covenants; failure to comply could adversely affect operations, with total borrowings of ₹9,946.76 lakhs (FY2026).
Green Asia IPO Details Live GMP
GMP
₹0
Est. Price
₹90
Est. Gain
0.00%
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 22 Sep | ₹0 (0%) | ₹90 |
Green Asia IPO Peer Comparison
(Rs. in crores)
| Particulars | Green Asia | Apex Frozen Foods | Kings Infra Ventures | Essex Marine |
|---|---|---|---|---|
| Revenue | 383.80 | 931.14 | 160.84 | 60.69 |
| PAT | 15.61 | 38.85 | 16.01 | 6.37 |
| EPS (₹) | 10.56 | 12.43 | 6.59 | 4.63 |
| NAV (₹) | 22.74 | 168.96 | 35.47 | 26.25 |
| RONW | 46.43% | 7.60% | 20.37% | 22.85% |
| EBITDA | 6.57% | 5.97% | 18.43% | 11.97% |
| PAT Mrgn | 4.07% | 4.17% | 9.95% | 10.50% |
| PE Ratio | 8.52 | 29.16 | 17.21 | 4.40 |
| Debt to Equity | 2.40 | 0.01 | 0.91 | 0.55 |
All information pertains to FY 2025-26. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 30, 2026 for Peers
Green Asia IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue | 383.80 | 337.62 | 317.39 |
| Profit | 15.61 | 10.35 | 6.66 |
| Net Worth | 41.43 | 25.81 | 15.46 |
| Borrowings | 99.47 | 74.92 | 63.73 |
| Assets | 254.88 | 192.04 | 135.23 |
| NAV (₹) | 28.01 | 17.45 | 10.45 |
| EPS (₹) | 10.56 | 7.00 | 4.50 |
Key Performance Indicators (KPIs)
Debt to Equity
2.40
All the data pertains to FY 2025-26. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Financial Margin Trends
Green Asia IPO Financial Statements
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue from Ops | 383.80 | 337.62 | 317.39 |
| Other Income | 4.83 | 2.03 | 0.76 |
| Total Income | 388.63 | 339.65 | 318.15 |
| Purchases | 361.45 | 311.80 | 313.57 |
| Changes in Inventories | -27.28 | -9.68 | -27.21 |
| Employee Expense | 4.71 | 4.12 | 3.87 |
| Finance Costs | 12.47 | 6.38 | 7.01 |
| Depreciation | 2.31 | 2.63 | 3.38 |
| Other Expenses | 13.93 | 10.02 | 8.50 |
| Total Expenses | 367.60 | 325.26 | 309.12 |
| Profit Before Tax | 21.04 | 14.39 | 9.03 |
| Tax Expense | 5.42 | 4.04 | 2.37 |
| Profit After Tax | 15.61 | 10.35 | 6.66 |
| EPS — Basic (₹) | 10.56 | 7.00 | 4.50 |
| EPS — Diluted (₹) | 10.56 | 7.00 | 4.50 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Equity Share Capital | 14.79 | 4.93 | 4.93 |
| Reserves & Surplus | 26.64 | 20.89 | 10.53 |
| Total Equity | 41.43 | 25.81 | 15.46 |
| Total Borrowings | 99.47 | 74.92 | 63.73 |
| Trade Payables | 107.16 | 87.15 | 48.79 |
| Other Liabilities | 6.82 | 4.16 | 7.25 |
| Total Equity & Liab | 254.88 | 192.04 | 135.23 |
| Fixed Assets | 15.43 | 11.54 | 14.66 |
| Inventories | 117.61 | 90.33 | 80.65 |
| Short-Term Loans & Adv | 18.64 | 19.33 | 7.76 |
| Trade Receivables | 97.35 | 64.56 | 25.74 |
| Cash & Bank Balances | 1.00 | 0.92 | 0.50 |
| Other Assets | 4.85 | 5.37 | 5.92 |
| Total Assets | 254.88 | 192.04 | 135.23 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Cash Flow from Operating Activities | -6.27 | -5.06 | -15.00 |
| Cash Flow from Investing Activities | -6.20 | 0.48 | -1.07 |
| Cash Flow from Financing Activities | 12.08 | 5.02 | 15.93 |
| Net Change in Cash & Equivalents | -0.39 | 0.44 | -0.14 |
| Cash & Equivalents at End of Period | 0.53 | 0.92 | 0.50 |
Promoter Holding
Promoter
94.64%
Public
5.36%
Pasupuleti Venkata Ramarao
48.98%
Pasupuleti Meenakshi
43.04%
Pasupuleti Veera Venkata Satyanarayana
1.31%
Pasupuleti Srinithya
1.31%
Management
Pasupuleti Venkata Ramarao
Age: 52
MD
Remuneration
₹₹3.50 Lakhs per month
Education
B.Sc (Andhra University)
Prior Experience
Over 13 years in export of seafood and dry chillies industry.
Pasupuleti Meenakshi
Age: 42
WTD
Remuneration
₹₹2.00 Lakhs per month
Education
Higher Secondary (Board of Intermediate Education, Andhra Pradesh)
Prior Experience
Over 6 years in export of seafood and dry chillies industry.
Siva Nageswara Rao Gummadilli
CFO
Remuneration
₹₹16.25 Lakhs (FY26 gross remuneration)
Education
B.Com (Nagarjuna University); Chartered Accountant (ICAI)
Prior Experience
Over 15 years in finance & accounts; previously at Bharat Heavy Electricals Ltd, Anandam & Co, ELICO Healthcare Services.
Registrar & Lead Managers
Registrar
Bigshare Services
Lead Managers (1)
Company Details
Name: Green Asia Impex Limited
Address: RS.No. 677/2A1, Unguturu(V) & (M), Eluru District, Vunguturu (West Godavari) - 534411, Andhra Pradesh, India
Number: +91 9908941785
Email: cs@greenasiaimpex.com
Website: https://greenasiaimpex.com
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Frequently Asked Questions (FAQs)
What is Green Asia IPO?
Green Asia IPO is a SME IPO having an issue size of
₹60 Crs.
Green Asia IPO is priced at
₹85 - ₹90 per
share.
The
issue opens on 24 Sep 26
and
closes on 28 Sep 26.
When will Green Asia IPO open?
Green Asia IPO opens on
24 Sep 26 and closes on
28 Sep 26.
What is the GMP of Green Asia IPO?
The estimated Grey Market Premium of Green Asia IPO is
₹0 per share (0.00%).
What is the lot size of Green Asia IPO?
The minimum lot size of Green Asia IPO is
1600 shares & the minimum application amount
is
Rs.
144000.
When is the allotment of Green Asia IPO?
The allotment date of Green Asia IPO is
29 Sep 26.
What is the listing date of Green Asia IPO?
The listing date of Green Asia IPO is
01 Oct 26.
What is the subscription of Green Asia IPO?
Green Asia IPO is subscribed
-.
What is the price band of Green Asia IPO?
Green Asia IPO is priced at
₹85 - ₹90 per
share.
How to check allotment status of Green Asia IPO?
Click the allotment link on Green Asia IPO page of IPO360.
How to apply Green Asia IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Green Asia IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Green Asia IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Green Asia IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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