Green Asia Impex IPO extended to October 1, price band revised to Rs 84-89 per share
The agri-processing and exporting firm has pushed back the closing date of its NSE Emerge issue and changed the price band to Rs 84 to Rs 89 a share.
Green Asia Impex Limited, a company that processes and exports farm produce, has extended the date of its initial public offering (IPO). The issue will now close on October 1, 2026. The company has also revised the price band to Rs 84 to Rs 89 per share. The IPO opened on September 24, 2026, and the shares are proposed to be listed on the NSE Emerge platform.
The company's main business is the purchase, processing and sale of frozen shrimp and dried chilli. It operates in the domestic market as well as abroad. At present it ships its goods to seven countries: China, Kuwait, the US, Malaysia, the UK, Vietnam and Thailand. The Directorate General of Foreign Trade has granted the company the status of a Two Star Export House.
The company's total shrimp processing capacity is 10,800 metric tonnes a year. Of this, 7,200 metric tonnes a year is block freezing capacity and 3,600 metric tonnes a year is individual quick freezing capacity. Its products include vannamei shrimp, black tiger shrimp and freshwater shrimp, besides various kinds of dried chilli.
In the financial year 2025-26, the company reported revenue from operations of Rs 383.80 crore. In 2024-25 the revenue was Rs 33 crore. In 2025-26, earnings before interest, tax, depreciation and amortisation were Rs 25.23 crore, a margin of 6.57 per cent. After tax and other expenses, net profit was Rs 15.62 crore, or 4.07 per cent.
The money raised from the IPO will go towards building a proposed seafood processing plant, including buying and installing the machinery and equipment it needs. The rest will be used for general corporate purposes and issue expenses. The company expects the proposed plant to increase its production capacity and operational efficiency.
Other details of the IPO are as follows. At the upper end of the price band, the fresh issue is worth Rs 53.46 crore and the offer for sale by existing shareholders is worth Rs 6.88 crore. The total issue size at the upper price band is Rs 59.34 crore. One lot is 1,600 shares. Bids must be for at least 3,200 shares, and thereafter in multiples of 1,600 shares. The book running lead manager is Indorient Financial Services Limited and the market maker is Steel City Securities Limited.
Managing Director Pasupuleti Venkata Rama Rao said that over the past ten years the company has grown its business by focusing on the availability of raw material, processing facilities and access to domestic and overseas markets. It initially concentrated on dried chilli and later moved into seafood processing and exports as well. According to the management, the company wants to use the IPO to strengthen its processing infrastructure and raise production capacity, deepen relationships with customers and expand its presence in the market.
Investors should carefully read the company's prospectus and the risk factors in it before putting money into the IPO. The statements the company has made about future business growth rest on projections, and actual results may differ.
