Green Asia Impex IPO Analysis & Review

Quick Answers

What is the Green Asia Impex IPO GMP today? The Green Asia Impex IPO GMP is ₹0 as of 23/9/2026, 5:08:52 am. The IPO price band is ₹85 - ₹90. GMP represents an unofficial grey-market indication and does not guarantee the listing price.

When does Green Asia Impex IPO open? The Green Asia Impex IPO opens on 2026-09-24 and closes on 2026-09-28.

What is the Green Asia Impex IPO subscription status? The overall subscription is 0x.

Key IPO Information

ViewIPO AI Analysis Score

The Green Asia Impex IPO scored 59/100 (High Risk) in our deep analysis.

Frequently Asked Questions

What does Green Asia Impex Limited do?

Green Asia Impex Limited processes and exports frozen seafood (such as frozen shrimp) and agri-commodities (such as dried chillies) to B2B customers globally.

When does the Green Asia Impex IPO open and close?

The IPO opens on September 24, 2026, and closes on September 28, 2026.

What is the price band and lot size for the IPO?

The price range is ₹85 to ₹90 per share, with a lot size of 1,600 shares requiring a minimum investment of ₹2,72,000.

What is the total issue size of the Green Asia Impex IPO?

The total issue size of the IPO is ₹60.10 crore.

What are the major key risks for Green Asia Impex Limited?

Major risk factors include persistent negative operating cash flows, heavy customer/geographic reliance on China (31.29% of revenue), outstanding borrowings of ₹119.97 crore, biosecurity risks in shrimp processing, and a contingent tax liability of ₹7.89 crore.

Which international markets does Green Asia Impex export to?

The company exports to China, Kuwait, the USA, Malaysia, the UK, Vietnam, and Thailand.

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Home›India›Green Asia Impex ()
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Green Asia ImpexNSE SME / BSE SME:

Analyzed by ViewIPO Financial Research Team
Food Processing & Agri ExportsIndiaFiled 2026-09-24Listing 2026-10-01Size ₹59.76Cr
Lot Size 1600
Live GMP
(0%)
Check Allotment
Status Link

Is Green Asia Impex IPO Good? Quick Verdict

Green Asia Impex IPO scored 59/100 (High Risk) in our deep analysis. The strongest pillar is Financial at 80/100, while Competition is the primary concern at 35/100. Green Asia Impex Limited demonstrates consistent top-line growth and profitability in frozen shrimp and chilli exports, but carries elevated risk due to recurring negative cash flows, high debt, and heavy revenue concentration in China.

IPO Score
59/100
High Risk

Quick Verdict

Consistent revenue and PAT expansion over the past three fiscal years.
Established presence as a Two Star Export House with international reach across major export destinations.
Persistent negative cash flow from operating activities due to high working capital absorption.
High concentration risk with 31.29% of revenue coming from China and 77.85% from top 10 customers overall.
Outstanding financial indebtedness of ₹119.97 crore and contingent tax liabilities equal to 19.04% of net worth.

Company Snapshot

Revenue (TTM)
₹254.88Cr↑ 32.72% YoY
Profitability
PositiveNet Income ₹15.61Cr
Gross Margin
— 
Market Cap
—Pending Data
IPO Size
₹59.76Cr 
Industry
Food Processing & Agri Exports 
P/E Ratio
—Pending Data

Risk Breakdown

Governance
60
Moderate
Financial
80
Excellent
Valuation
50
Expensive
Competition
35
High Risk
Dilution
60
Moderate
Promoter / Mgmt
60
Moderate

AI Summary

Green Asia Impex Limited is an Andhra Pradesh-based exporter of frozen seafood and agri-commodities, particularly frozen shrimp and dried chillies, recognized as a Two Star Export House. Green Asia Impex Limited has shown consistent growth in revenue from operations and net profit, expanding its supply network to key international markets including China, the USA, and Vietnam. However, the company struggles with negative cash flows from operating activities driven by inventory and trade receivables, alongside significant debt obligations of ₹119.97 crore as of August 2026.

Overall Verdict: Green Asia Impex Limited demonstrates consistent top-line growth and profitability in frozen shrimp and chilli exports, but carries elevated risk due to recurring negative cash flows, high debt, and heavy revenue concentration in China.

Key Highlights

  • •Engaged in processing and exporting frozen shrimp (Vannamei, Black Tiger) and dried chillies (Teja, Byadgi, Guntur).
  • •Headquartered in Tadepalligudem, Andhra Pradesh; incorporated in 2014.
  • •Recognized as a Two Star Export House by DGFT, Ministry of Commerce & Industry, Government of India.
  • •Revenue increased from ₹135.23 crore in FY24 to ₹254.88 crore in FY26.
  • •PAT increased from ₹6.66 crore in FY24 to ₹15.61 crore in FY26.
  • •Top 10 customers accounted for 77.85% of total revenue from operations in FY26.
  • •Operates company-owned and third-party processing facilities equipped with cold storage and testing laboratories.

Financial Performance

Revenue (Annual)

↑ +32.7% YoY

INR in Crores

Net Income (Annual)

↑ +50.8% YoY

INR in Crores

Cash Flow vs Profit

↓ -23.9% YoY

INR in Crores

CF
NP

EBITDA vs PAT

EBITDA YoY

INR in Crores

EBITDA
PAT

IPO Timeline

IPO Opens2026-09-24
IPO Closes2026-09-28
Basis of Allotment2026-09-29
Refunds & Demat2026-09-30
Listing Date2026-10-01

Valuation Analysis

IPO Price₹85 - ₹90
Estimated Fair Value
Pending Data
Valuation Premium
Pending
vs Fair Value

IPO DNA

Growth
58
Governance
60
Profitability
80
Valuation
50
Competition
35
Execution
60

Pros vs Cons

Pros

  • Consistent upward trajectory in revenue from ₹135.23 Cr (FY24) to ₹254.88 Cr (FY26) and PAT growth to ₹15.61 Cr.
  • Recognized Two Star Export House with regulatory certifications including HACCP, ISO 22000, FSSAI, and FDA registration.
  • Diversified product portfolio covering multiple varieties of frozen shrimp and dried chillies catering to global business markets.

Cons

  • Sustained negative operating cash flows over three consecutive years (-₹6.27 Cr in FY26) due to capital locked in inventory and receivables.
  • Significant country concentration with 31.29% of FY26 revenue originating from China.
  • High indebtedness standing at ₹119.97 crore as of August 31, 2026, posing repayment and debt servicing risks.
  • Pending contingent income tax demand under appeal amounting to ₹7.89 crore (19.04% of net worth).

Financial Health

Revenue Growth
Strong growth from ₹135.23 Cr in FY24 to ₹254.88 Cr in FY26 (Excellent)
Debt Level
₹119.97 Cr total borrowings as of August 2026 (Weak)
Cash & Equivalents
Negative cash flow from operations (-₹6.27 Cr in FY26) (Weak)

Institutional Signals

Anchor Investors
Undisclosed
VC Backing Tier
None
Strategic Partners
B2B Exporter Network

Green Asia Impex IPO Reddit Pulse & Sentiment

Real-time Reddit discussions & retail sentiment

No Public Data Available

We couldn't find any significant public discussions or retail sentiment threads for this IPO at the moment.

Disclaimer: These are raw community discussions aggregated from public forums. The AI summary and Reddit comments do not constitute financial advice. Always conduct your own independent research.

Green Asia Impex IPO — Frequently Asked Questions

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IPO Terminology Explained

Confused by terms like GMP, Kostak, or Subject to Sauda? Read our detailed guides in the IPO Glossary to understand the terminology before you invest.

Grey Market Premium (GMP)Subject to SaudaASBAOffer for Sale (OFS)
View Full Glossary

Source Citation: All financial data and risk metrics are derived from the official prospectus filed with the regulator (SEBI DRHP/RHP). ViewIPO algorithms process this public data for informational purposes. Not financial advice.

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Frequently Asked Questions about Green Asia Impex

What is the expected listing price of Green Asia Impex?

The expected listing price depends on the live Grey Market Premium. Check the live GMP and expected listing price for Green Asia Impex on our Live GMP Tracker.