Green Asia Impex IPO Date & Timeline
Tentative schedule from the RHP.
Green Asia Impex IPO Subscription Status
From NSE + BSE bid data, excluding the anchor portion.
Day-wise subscription
| Day | QIB | bHNI | sHNI | NII total | Individual | Total |
|---|---|---|---|---|---|---|
| Shares offered | 18,94,400 | 14,78,400 | 7,39,200 | 22,17,600 | 22,17,600 | 63,29,600 |
| Day 1 · Sep 24 | 0.00× | 0.00× | 0.01× | 0.00× | 0.03× | 0.01× |
| Day 2 · Sep 25 | 0.00× | 0.00× | 0.02× | 0.01× | 0.07× | 0.03× |
| Day 3 · Sep 28 | 1.17× | 0.23× | 0.05× | 0.17× | 0.19× | 0.48× |
| Day 4 · Sep 29 | 1.47× | 0.23× | 0.05× | 0.17× | 0.22× | 0.58× |
| Day 5 · Sep 30 | 1.47× | 0.38× | 0.44× | 0.40× | 0.37× | 0.71× |
| Day 6 · Oct 1 | 2.06× | 0.97× | 0.47× | 0.80× | 0.56× | 1.09× |
Green Asia Impex IPO Details
Checked against the RHP and cross-checked on NSE and BSE.
| IPO date | Sep 24 – Oct 1, 2026 |
| Price band | ₹85 – 90 per share |
| Face value | ₹10 per share |
| Lot size | 1,600 shares |
| Total issue size | 66,77,777 shares ₹60.10 Cr |
| Fresh issue | 59,00,000 shares ₹53.10 Cr |
| Offer for sale | 7,77,777 shares ₹7.00 Cr |
| Issue type | Book Built · SME |
| Listing at | NSE SME |
| Market cap | ≈ ₹192.23 Cr |
| Promoter holding | 94.65% → 64.87% |
| Lead manager | Indorient Financial Services Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
Offer documents
Green Asia Impex IPO Lot Size
Minimum and maximum bids by investor type at the upper band of ₹90.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual (min) | 2 | 3,200 | ₹2,88,000 |
| Individual (max) | 2 | 3,200 | ₹2,88,000 |
| sHNI (min) | 3 | 4,800 | ₹4,32,000 |
| sHNI (max) | 6 | 9,600 | ₹8,64,000 |
| bHNI (min) | 7 | 11,200 | ₹10,08,000 |
Green Asia Impex IPO Reservation
Shares set aside for each category, and the maximum number of applicants who can get an allotment.
| Category | Shares offered | % of issue | Max. allottees |
|---|---|---|---|
| Market maker | 3,55,200 | 5.3% | — |
| QIB | 18,94,400 | 28.3% | — |
| NII (HNI) | 22,17,600 | 33.2% | — |
| ↳ bHNI (>₹10L) | 14,78,400 | 22.1% | 132 |
| ↳ sHNI (₹2–10L) | 7,39,200 | 11.1% | 154 |
| Individual investors | 22,17,600 | 33.2% | 693 |
| Total | 66,84,800 | 100% |
Green Asia Impex Financials (FY24 – FY26)
Restated consolidated figures from the RHP, ₹ crore. Years end March 31.
Financial statement
| ₹ Cr | FY24 | FY25 | FY26 | YoY |
|---|---|---|---|---|
| Revenue | 318.15 | 339.65 | 388.63 | +14.4% |
| Profit after tax | 6.66 | 10.35 | 15.61 | +50.8% |
| Total assets | 118.10 | 177.95 | 254.88 | +43.2% |
| Net worth | 15.46 | 25.81 | 24.13 | −6.5% |
| Reserves & surplus | 10.53 | 20.89 | 26.64 | +27.5% |
| Total borrowing | 63.73 | 74.92 | 99.47 | +32.8% |
Green Asia Impex IPO Valuation & Peer Comparison
At the upper band of ₹90. Peers from the RHP "Basis for Offer Price".
Peer comparison
| Company | P/E | P/B | RoNW |
|---|---|---|---|
| Green Asia Impex | 12.3× | 6.45× | — |
| Apex Frozen Foods | 29.2× | — | — |
About Green Asia Impex
Business profile from the RHP.
- 2014Incorporated · Unguturu, Andhra Pradesh
- 10,800 MTPAShrimp capacity (7,200 block frozen + 3,600 IQF)
- +16,200 MTPANew plant planned at Chennayagudem
- 7 countriesChina, USA, Thailand, Vietnam, Malaysia, UK, Kuwait
Promoters & holding
Pasupuleti Venkata Ramarao, Pasupuleti Meenakshi
Objects of the issue
Green Asia Impex IPO Review: Should You Apply?
Our 100-point score, and both sides of the case.
Our view: A growing shrimp and chilli exporter with rising profit, priced at ~12× post-issue earnings and using most of the issue to build a larger processing plant. But margins are thin, debt is about 4× net worth, a third of sales go to China, shrimp exports face tariff and disease risks, and demand stayed weak even after bidding was extended to Oct 1 (1.09× overall at the final close, IPOji 5:57 PM).
- Profit more than doubled in two years (₹6.7 Cr → ₹15.6 Cr) on revenue of ~₹389 Cr.
- Most of the fresh issue (~₹40 Cr) funds a new 16,200 MTPA processing plant, which would more than double shrimp capacity.
- Priced at ~12× post-issue earnings vs ~29× for listed peer Apex Frozen Foods.
- Two product lines (shrimp and dried chillies) and exports to seven countries.
- Promoters keep ~65% after the issue, and only ₹7 Cr of it is OFS.
- Thin margins: EBITDA ~6.5% and PAT ~4% leave little room if shrimp or chilli prices move against it.
- High debt: ~₹99 Cr of borrowings, about 4× net worth (IPOji reports D/E 2.9), and borrowings are still rising.
- Concentration: China accounted for ~31% of revenue, and shrimp exports face US tariffs, anti-dumping duties and disease outbreaks.
- Execution risk: approvals and equipment orders for the new plant were reportedly not yet in place.
- Inconsistent disclosures: net worth, D/E and issue-share figures don't reconcile across sources, and ~6.5× book is expensive. Demand has been weak: 0.55× overall by 2:06 PM on Sep 29 (individual investors 0.20×), and bidding was extended to Oct 1.
Green Asia Impex Listing Performance Updates after Oct 7
We close the loop: issue vs listing price, and whether our call was right.
Green Asia Impex IPO Allotment Status & Contact Details
Allotment is expected on Oct 5. Check it with your PAN or application number.
Bigshare Services Pvt. Ltd.
- Phone
- 8657578989 / 8069219065 / 8069219060
- ipo@bigshareonline.com
Green Asia Impex Ltd.
- Address
- RS No. 677/2A1, Unguturu (V & M), Eluru District, West Godavari, Andhra Pradesh
- Phone
- +91 99089 41785
- cs@greenasiaimpex.com
- Website
- greenasiaimpex.com
Green Asia Impex IPO FAQs
GMP, price, lot size, dates, allotment and how to apply.
What is Green Asia Impex IPO?
Green Asia Impex IPO is a ₹60.10 Cr SME book built issue made up of a fresh issue of ₹53.10 Cr and an offer for sale of ₹7.00 Cr. The shares will list on NSE SME.
What is the price band of Green Asia Impex IPO?
The price band is ₹85 – ₹90 per equity share of face value ₹10.
What is the lot size of Green Asia Impex IPO?
The minimum lot is 1,600 shares. Individual investors must apply for exactly 2 lots (3,200 shares).
What is the minimum investment for Green Asia Impex IPO?
The minimum individual investment is ₹2,88,000 (3,200 shares at ₹90).
When does Green Asia Impex IPO open and close?
The IPO opens on Sep 24, 2026 and closes on Oct 1, 2026.
What is the allotment date of Green Asia Impex IPO?
The basis of allotment is expected on Oct 5, 2026.
When will Green Asia Impex IPO be listed?
The tentative listing date is Oct 7, 2026 on NSE SME.
What is Green Asia Impex IPO subscription status?
At close (Oct 1 · 5:57 PM IST), the issue was subscribed 1.09× overall — QIB 2.06×, bHNI 0.97×, sHNI 0.47×, Individual 0.56×.
What is the P/E ratio and valuation of Green Asia Impex IPO?
At the upper band, the P/E is 8.9× pre-issue and 12.3× post-issue, with a market cap of about ₹192.23 Cr. Listed peers include Apex Frozen Foods (29.2×).
Should I apply for Green Asia Impex IPO?
IPOSignal's view is High Risk · Cheap P/E, Heavy Debt (48/100). A growing shrimp and chilli exporter with rising profit, priced at ~12× post-issue earnings and using most of the issue to build a larger processing plant. But margins are thin, debt is about 4× net worth, a third of sales go to China, shrimp exports face tariff and disease risks, and demand stayed weak even after bidding was extended to Oct 1 (1.09× overall at the final close, IPOji 5:57 PM). This is research, not investment advice.
How to check Green Asia Impex IPO allotment status?
After Oct 5, check on the registrar Bigshare Services Pvt. Ltd.'s site (ipo.bigshareonline.com/IPO_Status.html), or on the BSE / NSE allotment pages, using your PAN or application number.
Who is the registrar and lead manager of Green Asia Impex IPO?
The registrar is Bigshare Services Pvt. Ltd.. The book-running lead manager is Indorient Financial Services Ltd..