Green Asia Impex IPO
ListedSMEFMCG
0.98×
Subscribed
Price band
₹84 – ₹89
Lot size
1,600
1 lot = ₹1,42,400
Issue size
₹60.1 Cr
Open – close
24 Sept 2026
to 01 Oct 2026
Listing
07 Oct 2026
Listing gain
+0.00%
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
We can't judge this issue yet. A verdict needs at least three independent dimensions — valuation, growth, profitability, balance sheet, issue structure, governance or demand — and this issue does not yet publish enough of them for a read that would mean anything. The offer document has been analysed but reports too few of these to conclude on. A confident score from two fields would be worse than this notice.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens24 Sept 2026
- Closes01 Oct 2026
- Allotment29 Sept 2026
- Listing07 Oct 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB2.06x
Non-institutionalNII / HNI0.65x
Big NIIabove ₹10L0.74x
Small NII₹2L – ₹10L0.47x
Retail individualRII0.56x
490 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 01 Oct 2026.
Chance of allotment
Retail0.56× subscribed
Full allotment
Minimum 2 lots · 3,200 shares · ₹2,84,800 blocked
The retail portion is under-subscribed at 0.56×, so every valid application should receive a full allotment.
HNI / NII0.65× subscribed
Full allotment
Minimum 1 lot · 1,600 shares · ₹1,42,400 blocked
The HNI portion is under-subscribed at 0.65×, so applications should be allotted in full.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹84 – ₹89
Face value₹10
Lot size1,600shares
Minimum application₹1,42,400at cut-off
Total issue size₹60.1 Cr
Fresh issue₹53.1 Cr
Offer for sale₹7 Cr
Listing atSME platform
Anchor investorsNone
Company & valuation
Debt / equity2.40×
ROE50.16%
ROCE20.62%
RoNW50.16%
PAT Margin3.07%
EBITDA Margin6.14%
NAV13.96
P/B (x)6.45
ISININE1WDS01018
RegistrarBigshare Services Private Limited
Lead managersIndorient Financial Services Limited
11.7% of this issue is an offer for sale. The rest is fresh capital that goes into the company itself.
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| QIB | 18,94,400 | 28.34% |
| NII (HNI) | 22,36,800 | 33.46% |
| bNII > ₹10L | 4,03,200 | 6.03% |
| sNII < ₹10L | 18,33,600 | 27.43% |
| Retail | 22,17,600 | 33.17% |
| Market Maker | 3,36,000 | 5.03% |
Total issue 66,84,800 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Individual investors (IND) (Min)₹2,84,8002 lots · 3,200 sh
Individual investors (IND) (Max)₹2,84,8002 lots · 3,200 sh
S-HNI (Min)₹4,27,2003 lots · 4,800 sh
S-HNI (Max)₹9,96,8007 lots · 11,200 sh
B-HNI (Min)₹11,39,2008 lots · 12,800 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
What the money is for
Stated use of the net proceeds
- 01Funding the capital expenditure for setting up the proposed seafood processing facility including purchase and installation of plant, machinery & equipment₹51.27 Cr
- 02General Corporate Purposesnot stated
Objects with no stated amount — typically general corporate purposes — are funded from whatever remains, so the quantified figures do not sum to the whole issue.
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
Litigation
Except as stated in this section, there are no outstanding: (a) criminal proceedings; (b) actions by statutory or regulatory authorities; (c) claims relating to direct and indirect taxes; or (d) Material Litigation (as defined below); involving our Company, its Directors, the Promoters, the KMPs, the SMPs and the Group Companies. Further, there are no disciplinary actions (including penalties) imposed by SEBI or the Stock Exchanges against our Promoters in the last five (5) FYs, including any outstanding action.
Positives the filing discloses (1)
Primarily fresh capital
88% of the offer is fresh issue, so most proceeds fund the company.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+0.0%
Listed up
3 of 8
Best
+90.0%
Maxwell Engineering Solutions Limited
Worst
-5.9%
Eventions Limited
Vedant Poly Fabs Limitedsame segment
1.9× sub+0.0%
Maxwell Engineering Solutions Limitedsame segment
491.4× sub+90.0%
HGS (India) Limitedsame segment
231.2× sub+33.3%
Ravita Engineering Services Limitedsame segment
6.7× sub+0.0%
Vaibhav Vyapaar Limitedsame segment
3.1× sub-2.0%
R.K. Fashion Accessories Limitedsame segment
2.6× sub-2.4%
Eventions Limitedsame segment
2.3× sub-5.9%
Papadmalji Agro Foods Limitedsame segment
2.5× sub+0.4%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
About Green Asia Impex
Green Asia Impex Limited is engaged in the sourcing, processing and export of frozen seafood and agri-commodities, with a focus on frozen shrimp and dried chillies. The company supplies its products to business-to-business (B2B) customers, including importers, distributors, and food processing entities, in domestic and international markets. Its operations involve procuring raw materials, processing, quality control, and exporting finished products according to customer specifications and applicable food safety and regulatory requirements. The company was incorporated in 2014 and is headquartered in Tadepalligudem, Andhra Pradesh. It has been recognised as a Two Star Export House by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce & Industry, Government of India. Green Asia Impex uses company-operated and third-party licensed processing facilities, as applicable. Before establishing its own processing facility in January 2023, the company relied on third-party processing facilities for processing its products.
Founded 2014MD Mr Pasupuleti Venkata RamaraoSector FMCG
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the Green Asia Impex IPO subscribed?
Green Asia Impex is subscribed 0.98× overall (QIB 2.06×, NII 0.65×, retail 0.56×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, Bigshare Services Private Limited.
What is the minimum investment in the Green Asia Impex IPO?
One lot is 1,600 shares, so a retail application at the ₹89 cut-off price blocks ₹1,42,400. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
When is the Green Asia Impex IPO allotment date?
Allotment is scheduled for 2026-09-29, with listing on 2026-10-07. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, Bigshare Services Private Limited.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.