About Green Asia Impex
1. Company Overview
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Business: Incorporated in 2014, Green Asia Impex Limited is an Andhra Pradesh-based agri-commodity and seafood export enterprise. It specializes in sourcing, processing, manufacturing, and exporting frozen seafood (primarily frozen shrimps) and dried chillies.
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Product Portfolio:
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Shrimp: Processing Vannamei, Black Tiger, and freshwater shrimp into formats such as Head-On Shell-On (HOSO), Head-Less Shell-On (HLSO), and Peeled & Deveined (PD). Shrimp accounts for roughly 88% of company revenue.
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Dried Chillies: Sourcing and processing varieties including Teja, Guntur Sannam, and Bydagi.
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Facilities & Market Reach: Operates a processing unit at Unguturu, West Godavari District, Andhra Pradesh, with certifications including HACCP, ISO 22000, FSSAI, and US FDA registration. Recognised as a Two Star Export House by DGFT India, serving B2B clients across India, China, the US, and the UK.
2. Performance & Key Factors
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Operational Strengths:
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Product Diversification: Dual operational presence across frozen shrimp and dried chillies with differing seasonal cycles.
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Quality Certifications: Globally compliant processing infrastructure enabling export access.
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Key Risks & Challenges:
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Geographic & Customer Concentration: China accounts for ~31.29% of FY26 revenue, and the top 10 shrimp clients drive ~68.5% of total sales.
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Leverage: Relatively high debt-to-equity ratio (~2.40x in FY26).
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Regulatory & Climate Risk: Subject to international food safety standards, disease outbreaks in aquaculture, and weather dependencies in chilli cultivation.
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3. IPO Details
| Metric | Details |
| IPO Dates | September 24, 2026 – September 28, 2026 |
| Price Band | ₹85 to ₹90 per equity share |
| Face Value | ₹10 per equity share |
| Total Issue Size | ₹60.10 Crore (66.78 lakh shares) |
| Fresh Issue | ₹53.10 Crore (59.00 lakh shares) |
| Offer for Sale (OFS) | ₹7.00 Crore (7.78 lakh shares) |
| Lot Size | 1,600 shares |
| Retail Minimum Investment | 2 lots (3,200 shares) = ₹2,88,000 |
| Listing Platform | NSE SME (NSE Emerge) |
| Tentative Allotment Date | September 29, 2026 |
| Tentative Listing Date | October 1, 2026 |
| Promoters | Pasupuleti Venkata Ramarao & Pasupuleti Meenakshi |
| Objects of the Issue | Capital expenditure for setting up a new seafood processing facility at Chennayagudem (Andhra Pradesh) and general corporate purposes. |
4. Financial Details
| Financial Metric | FY24 | FY25 | FY26 |
| Total Revenue | ₹317.39 Cr | ₹337.62 Cr | ₹383.80 Cr |
| Profit After Tax (PAT) | ₹6.66 Cr | ₹10.35 Cr | ₹15.61 Cr |
| EBITDA Margin | 5.47% | 6.14% | 6.57% |
| PAT Margin | 2.10% | 3.07% | 4.07% |
| Return on Equity (ROE) | 51.34% | 50.16% | 46.43% |
| Return on Capital Employed (ROCE) | 18.85% | 19.99% | 19.69% |
| Debt to Equity | 4.12x | 2.90x | 2.40x |