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, 6:18:04 pm. 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 57/100 (High Risk) in our deep analysis.

Frequently Asked Questions

What is the price band and lot size for the Green Asia Impex IPO?

The IPO has a price band of ₹85‑₹90 per share with a lot size of 1,600 shares, requiring a minimum investment of ₹2‑₹5 lakhs.

How large is the issue and what is the fresh issue amount?

The total issue size is ₹60.10 crore, with a fresh issue of approximately ₹40.03 crore for capital expenditure and corporate purposes.

What are Green Asia Impex's core products?

The company focuses on frozen shrimp (Vannamei, Black Tiger, freshwater) and dried chillies (Teja, Bydagi, Guntur varieties).

Which countries does the company currently export to?

As of March 31, 2026, exports reach China, Kuwait, the USA, Malaysia, the UK, Vietnam, and Thailand.

What certifications does Green Asia Impex hold?

The company holds HACCP, ISO 22000, FSSAI, and FDA registrations, ensuring food safety and quality standards.

What is the promoter holding and post‑IPO ownership structure?

Promoter shareholding details pre‑ and post‑IPO are not disclosed in the RHP.

What are the major risks highlighted in the RHP?

Key risks include high debt leverage, customer concentration, negative operating cash flows, China‑specific exposure, biosecurity concerns, and a contingent tax liability.

When will the IPO be listed?

The tentative listing date is 1 October 2026.

Who are the book running lead managers and registrar for the IPO?

Indorient Financial Services Limited is the Book Running Lead Manager; Bigshare Services Private Limited serves as the Registrar.

What is the intended use of proceeds from the IPO?

Proceeds will fund a new seafood processing facility (₹40.03 Cr) and cover general corporate purposes.

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Green Asia ImpexNSE SME / BSE SME:

Analyzed by ViewIPO Financial Research Team
Seafood processing and agri-commoditiesIndiaFiled 2026-09-24Listing 2026-10-01Size ₹59.76Cr
Lot Size 1600

Is Green Asia Impex IPO Good? Quick Verdict

Green Asia Impex IPO scored 57/100 (High Risk) in our deep analysis. The strongest pillar is Financial at 75/100, while Competition is the primary concern at 35/100. Green Asia Impex Limited offers investors exposure to the growing frozen seafood and dried chilli export sector with strong revenue growth and high ROE, but carries elevated financial risk due to high debt, customer concentration, and negative operating cash flows.

IPO Score
57/100
High Risk

Quick Verdict

High ROE of 46.43% demonstrates strong profitability and efficient capital use.
Debt‑to‑equity ratio of 2.4x indicates elevated financial leverage.
Negative operating cash flows and high customer concentration (≈78% from top 10 customers) pose liquidity and revenue risks.

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
Seafood processing and agri-commodities 
P/E Ratio
Pending Data
Return on Equity
46.43%Profitability
Debt to Equity
2.4xLeverage
NAV
28.01Net Asset Value
RoNW
46.43%Return on Net Worth

Risk Breakdown

Governance
55
Expensive
Financial
75
Moderate
Valuation
50
Expensive
Competition
35
High Risk
Dilution
60
Moderate
Promoter / Mgmt
60
Moderate

AI Summary

Green Asia Impex Limited is planning an IPO to fund a new seafood processing facility and support continued expansion in frozen shrimp and dried chilli exports. The company has demonstrated robust financial performance, with revenue rising at a compound annual growth rate of roughly 37% to ₹254.88 crore in FY26 and a strong ROE of 46.43%. However, the offering is tempered by a high debt‑to‑equity ratio of 2.4x, significant customer concentration, and ongoing negative operating cash flows, which investors should carefully weigh.

Overall Verdict: Green Asia Impex Limited offers investors exposure to the growing frozen seafood and dried chilli export sector with strong revenue growth and high ROE, but carries elevated financial risk due to high debt, customer concentration, and negative operating cash flows.

Key Highlights

  • IPO size of ₹60.10 Cr with a price band of ₹85‑₹90 per share and a lot size of 1,600 shares.
  • Focus on high‑value frozen shrimp (Vannamei, Black Tiger) and premium dried chillies (Teja, Guntur) exported to 7 key markets.
  • Strong certifications (HACCP, ISO 22000, FSSAI, FDA) and a robust procurement network in Andhra Pradesh.
  • Revenue CAGR of ~37% to ₹254.88 Cr in FY26; PAT grew to ₹15.61 Cr with ROE of 46.43%.
  • Planned capital expenditure of ₹40.03 Cr for a new processing facility to boost capacity.
  • Experienced promoter team led by Mr. Pasupuleti Venkata Ramarao with over 15 years in the sector.

Financial Performance

Revenue (Annual)

+32.7% YoY

INR in Crores

Net Income (Annual)

+50.8% YoY

INR in Crores

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
55
Governance
55
Profitability
75
Valuation
50
Competition
35
Execution
60

Pros vs Cons

Pros

  • High ROE (46.43%) and strong revenue growth (~37% CAGR) reflect robust profitability.
  • Diversified export portfolio covering frozen shrimp, black tiger, and premium dried chillies with global certifications.
  • Established market presence with shipments to 7 countries and a reliable procurement network in Andhra Pradesh.
  • Planned capacity expansion (₹40.03 Cr capex) to capture incremental demand.
  • Experienced promoter team with over 15 years in the seafood export sector.

Cons

  • Debt‑to‑equity ratio of 2.4x signals high financial leverage.
  • Heavy customer concentration: top 10 customers account for ~78% of revenue, with no long‑term contracts.
  • Negative operating cash flows (₹6.27 Cr in FY26) and rising working‑capital requirements.
  • Significant exposure to China (31% of revenue) creating geopolitical and policy risk.
  • Contingent tax liability of ₹7.89 Cr and pending litigation could impact cash flows.

Financial Health

Revenue Growth
Strong (~37% CAGR) (Excellent)
Debt Level
High (Debt/Equity 2.4x) (Weak)

Institutional Signals

Anchor Investors
Undisclosed
VC Backing Tier
None
Strategic Partners
None

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.

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.