Green Asia Impex SME IPO
Green Asia Impex IPO — date, price band, lot size & details 2026
Green Asia Impex listed on 7 Oct 2026 at ₹89, flat to the ₹89 issue price.
Green Asia Impex Limited sources, processes and exports frozen shrimp and dried chillies to importers, distributors and food processors in India and abroad. It handles Vannamei, Black Tiger and freshwater shrimp in HOSO, HLSO and PD formats, and Teja, Guntur Sannam and Bydagi chilli varieties.
Stock price
Green Asia Impex is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 October.
- Open 24 Sep 2026
- Close 01 Oct 2026
- Allotment 05 Oct 2026
- Refund/credit 06 Oct 2026
- Listing 07 Oct 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 24 Sep to 1 Oct, 2026 |
|---|---|
| Price Band | ₹84 – ₹89 |
| Face Value | ₹10 |
| Lot Size | 1600 Shares |
| Issue Size | ₹60.1 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | NSE SME |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 2,84,800 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 1600 shares at the ₹89 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 3,200 | ₹2,84,800 |
| Retail (max) | 2 | 3,200 | ₹2,84,800 |
| HNI (min) | 3 | 4,800 | ₹4,27,200 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 8
- 01Profit has more than doubled in two years, from Rs 6.66 crore in FY2024 to Rs 10.35 crore in FY2025 and Rs 15.61 crore in FY2026.
- 02Sales have grown steadily, from Rs 318.15 crore in FY2024 to Rs 388.63 crore in FY2026.
- 03EBITDA improved from Rs 17.35 crore in FY2024 to Rs 25.23 crore in FY2026.
- 04The issue is priced at about 12.31 times earnings on an EPS of Rs 7.31.
- 05Handling two crops with different seasons, shrimp from February to October and chillies from January, keeps the business occupied through the year.
- 06It offers shrimp in several varieties and processing formats, which lets it serve buyers at different price points.
- 07About Rs 40 crore of the issue goes into a proposed seafood processing facility, which would move it from trading towards processing and better margin.
- 08It already sells to both domestic and international buyers rather than depending on exports alone.
Risks · 8
- 01Debt is very high. Total borrowing was Rs 99.47 crore against a net worth of only Rs 24.13 crore, a debt to equity ratio of 2.90.
- 02Net worth actually fell in FY2026, from Rs 25.81 crore to Rs 24.13 crore, even though profit rose.
- 03The profit margin is thin at 3.07%, which is typical of agricultural trading but leaves little cushion.
- 04Shrimp exports face anti-dumping duties, tariff changes and quality rejections in the United States and European markets, any of which can halt shipments.
- 05Both shrimp and chilli are commodities whose prices swing with the harvest and with global demand.
- 06Disease outbreaks in aquaculture can cut shrimp supply sharply and at short notice.
- 07This is a fresh issue combined with an offer for sale, and promoter holding falls from 94.65% to 64.91%.
- 08This is an SME issue. One lot is 1,600 shares, which is about Rs 1.42 lakh at the upper band of Rs 89, and SME shares usually trade in low volume after listing.
Three years of numbers
All figures in ₹ crore, as reported in the Green Asia Impex offer document.
| Metric | 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 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Green Asia Impex RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Green Asia Impex IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹10.10 | ₹7.31 |
| P/E Ratio (x) | 8.91 | 12.31 |
| Market Cap at Offer Price (₹ Cr) | ₹137.55 | ₹192.23 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹89 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹40.03 Cr of the issue is earmarked to named objects.
About the company
On the shrimp side it handles Vannamei, Black Tiger and freshwater varieties, processed into the formats the trade uses. HOSO means head on shell on, HLSO means headless shell on, and PD means peeled and deveined, each suiting a different customer and price point.
On the chilli side it trades and exports the main Indian varieties, including Teja, Guntur Sannam and Bydagi, which differ in heat and colour and are chosen by buyers accordingly. The two crops have different seasons, with shrimp harvesting running from February to October and the chilli harvest concentrated from January, which spreads the company's activity across the year.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 9908941785
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Indorient Financial Services
4 issues handled (1 mainboard, 3 SME)Best listing: GSP Crop Science (+2.8%). Weakest: Digilogic Systems (-20.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Green Asia Impex?
The current Grey Market Premium is ₹0.
What is the Green Asia Impex IPO price band?
₹84 to ₹89, on a face value of ₹10.
When is the allotment?
The basis of allotment is 5 October 2026, with listing on 7 October 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
