Green Asia Impex IPO
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Green Asia Impex IPO details
Schedule of Green Asia Impex
| Issue open date | 24 Sep 2026 |
| Issue close date | 28 Sep 2026 |
| UPI mandate deadline | 28 Sep 2026 (5 PM) |
| Allotment finalization | 29 Sep 2026 |
| Refund initiation | 30 Sep 2026 |
| Share credit | 30 Sep 2026 |
| Listing date | 01 Oct 2026 |
| Mandate end date | 13 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 28 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 27 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Green Asia Impex
Green Asia Impex operates as an integrated processor and exporter of frozen seafood and agricultural commodities, catering primarily to business-to-business customers, including importers, distributors, and food processing companies in domestic and international markets. The company operates in two main business segments: shrimps and dried chillies. In the shrimp segment, the company sources raw shrimps from local aquaculture farmers and traders, processes them through grading, peeling, deveining, and freezing, and supplies processed frozen shrimp products. In the dried chillies segment, the company procures chillies from agricultural market committee traders and carries out processing activities such as cleaning, grading, and sorting before distribution. Revenue is generated through direct domestic sales within India as well as exports to overseas markets including China, Kuwait, the United States, Malaysia, and the United Kingdom. The company utilizes processing facilities situated in Andhra Pradesh to manage its production operations across both product categories.
Financials of Green Asia Impex
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 60.10 |
| Fresh Issue – Proceeds go to the company | 53.10 |
| Offer for sale – Proceeds go to the existing investors | 7 |
Utilisation of proceeds
| Purpose | Amount (₹ crores) |
| Funding the capital expenditure | 40.03 (75.39%) |
| General corporate purposes | 13.07 (24.61%) |
Strengths
- Integrated processor and exporter of frozen seafood and agricultural commodities.
- Established customer relationships and presence in key international markets.
- Strategically located processing facilities in Andhra Pradesh with a strong sourcing network.
- Consistent financial growth with improving operating margins over recent fiscal years.
- Experienced promoter group and management team with deep domain expertise.
Risks
- Significant revenue concentration from export sales to customers located in China.
- Dependence on a limited number of large customers for a major portion of revenues.
- Operations rely heavily on external borrowings to meet working capital requirements.
- Absence of long-term supply contracts for raw material procurement of shrimp and chillies.
- Exposure to biosecurity risks, disease outbreaks, and strict international quality standards.