Green Asia Impex (SME IPO)
📅 Dates: 24 Sep - 01 Oct• 💰 Issue Size: 66,77,777 shares (agg. up to ₹60 Cr)Complete guide to Green Asia Impex SME IPO: latest Grey Market Premium (GMP), live bidding subscription status, price band, lot size, financial report, and investment analysis.
📊 Overview & Key Highlights
| Parameter | Details |
|---|---|
| Issue Type | SME IPO (SME) |
| Issue Dates | 24 Sep - 01 Oct |
| Price Band | ₹85 to ₹90 |
| Total Issue Size | 66,77,777 shares (agg. up to ₹60 Cr) |
| Minimum Market Lot | 1600 shares |
| Listing Price (Debut) | ₹89.00 (-₹1.00 (-1.11%)) |
| Subscription Status | 1.04x (Final / Bidding Closed) |
| Investor Demand Rating | ⭐⭐☆☆☆ (2/5 - Low / Mild Demand) |
📈 Live Subscription Demand
| Category | Subscription Multiplier (x) |
|---|---|
| Qualified Institutional (QIB) | 2.06x |
| Non-Institutional / HNI | 0.64x |
| Retail Individual (RII) | 0.56x |
| Total Subscription | 1.04x (Updated: 07 Oct, 17:39) |
🎯 Investment Analysis & Verdict
📌 Business Model & Revenue Streams
Green Asia Impex processes and exports frozen shrimp alongside trading Indian dried chillies to global B2B buyers like international food processors and regional distributors. They skillfully balance seasonal harvest cycles—shrimp runs from February to October and chillies from January to April—to keep their export revenue flowing year-round.🚀 Key Strengths & Growth Drivers
• Built-in operational hedge: Pairing seafood with dried chillies smooths out seasonal working capital crunches and keeps capacity utilized across different quarters.• Tangible asset base: Operating a semi-automated processing plant in Andhra Pradesh with solid capacities (7,200 MTPA block freezing and 3,600 MTPA IQF) gives them immediate scale in a major aquaculture hub.
⚠️ Key Risks & Red Flags
• Commodity price volatility: Both shrimp and agricultural spices are at the mercy of global supply fluctuations, international demand swings, and unpredictable weather patterns.• Working capital heavy: Exporting food products ties up massive amounts of cash in inventory and receivables, leaving little room for operational missteps.
• SME liquidity trap: Like most sub-100 crore SME listings, post-listing trading volumes can dry up quickly, making it tough to exit if market sentiment turns sour.
🎯 Retail Verdict
This is a standard SME export play driven by seasonal commodities, meaning it lacks the predictable predictability needed for a long-term compounder. While it might attract some speculative momentum on the listing date, retail investors should exercise caution and treat this strictly as a high-risk trade rather than a safe portfolio allocation.📅 Tentative Timetable
| Event | Tentative Date |
|---|---|
| IPO Open | Thu, Sep 24, 2026 |
| IPO Close (Extended) | Thu, Oct 1, 2026 |
| Allotment | Mon, Oct 5, 2026 |
| Refund | Tue, Oct 6, 2026 |
| Credit of Shares | Tue, Oct 6, 2026 |
| Listing | Wed, Oct 7, 2026 |
💼 Market Lot & Investment Sizing
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 3200 | ₹2,88,000 |
| Individual investors (IND) (Max) | 2 | 3200 | ₹2,88,000 |
| S-HNI (Min) | 3 | 4800 | ₹4,32,000 |
| S-HNI (Max) | 6 | 9600 | ₹8,64,000 |
| B-HNI (Min) | 7 | 11200 | ₹10,08,000 |
💰 Financial Summary
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 254.88 | 177.95 | 118.10 |
| Total Income | 388.63 | 339.65 | 318.15 |
| Profit After Tax | 15.61 | 10.35 | 6.66 |
| EBITDA | 25.23 | 20.74 | 17.35 |
| NET Worth | 24.13 | 25.81 | 15.46 |
| Reserves and Surplus | 26.64 | 20.89 | 10.53 |
| Total Borrowing | 99.47 | 74.92 | 63.73 |
| Amount in ₹ Crore |
🏢 About Green Asia Impex
Green Asia Impex operates as a specialized processor and exporter of frozen seafood and agricultural commodities, catering primarily to B2B clients such as international importers, food processors, and regional distributors. The company's diversified export portfolio is anchored by two main verticals: processed shrimp—including Vannamei, Black Tiger, and freshwater variants supplied in HOSO, HLSO, and PD formats—and the trading of prominent Indian dried chilli varieties like Teja, Guntur Sannam, and Bydagi. By strategically combining these sectors, the business effectively balances the distinct seasonal harvest cycles of shrimp (February to October) and chillies (January to April) to maintain operational consistency.At present, the enterprise manages a semi-automated shrimp processing facility situated in Unguturu, Andhra Pradesh, boasting installed capacities of 7,200 MTPA for block freezing and 3,600 MTPA for IQF. To support its expansion goals and drive export-led growth, the firm is developing a new processing plant in Chennayagudem, which is projected to add approximately 16,200 MTPA of capacity. Backed by an in-house quality assurance framework and an established procurement network of traders and commission agents, the company supports a permanent workforce of 136 employees as of August 2026.
💬 Community Discussion & Views
Are you planning to apply for the Green Asia Impex IPO? Share your bidding strategy, allotment status, or listing expectations with fellow investors in the replies below!👉 Browse all upcoming Mainboard & SME IPOs on UNP
Disclaimer: All IPO details provided above are for educational and informational purposes only. Readers are advised to consult their financial advisors and review the Red Herring Prospectus (RHP) before investing.
📌 Thread Quick Navigation: Post #2: Live & Historic GMP | Post #3: Subscription Stats | Post #4: Allotment Status | Post #5: Listing Debut | Post #6: Community & Social Reviews
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