Green Asia Impex IPO - Price Band, GMP & Subscription Details

Green Asia Impex Limited was originally incorporated as Green Asia Impex Private Limited on August 5, 2014, and was converted into a public limited company on September 19, 2025. It is headquartered in Unguturu, West Godavari district, Andhra Pradesh, and works in the seafood processing and agri-export sector.

The company sources, processes and exports frozen shrimp and dried chillies. Shrimp is its core business, contributing over 80% of revenue in FY25, with varieties including Vannamei, Black Tiger and freshwater shrimp processed into formats such as Head-On Shell-On (HOSO), Headless Shell-On (HLSO) and Peeled & Deveined (PD). Alongside seafood, it trades and exports Indian dried chilli varieties including Teja, Guntur Sannam and Bydagi. It operates a semi-automated shrimp processing facility at Unguturu, spread across about 1,838.76 square metres, with an installed capacity of 7,200 MTPA for block freezing and 3,600 MTPA for IQF processing, and supplies importers, distributors and food processors both domestically and internationally. The company is promoted by Pasupuleti Venkata Ramarao and Pasupuleti Meenakshi.

Total income rose 14% to Rs 388.63 crore in FY26, while profit after tax rose 51% to Rs 15.61 crore, as per the RHP. This is an SME IPO, proposed to be listed on the NSE SME platform, comprising a fresh issue of equity shares worth Rs 53.10 crore along with an offer for sale worth Rs 7 crore, at an issue price of Rs 90 per share, taking the total issue size to about Rs 60.10 crore. Of the net proceeds, Rs 50.78 crore is earmarked for capital expenditure to set up a new seafood processing facility at Chennayagudem, including purchase and installation of plant, machinery and equipment. Indorient Financial Services Limited is the book running lead manager and Bigshare Services Private Limited is the registrar of the issue.