Green Asia Impex Ltd IPO
FMCG
Price Band
₹85 – ₹90
Lot Size
1600
Minimum Bid Quantity
3200
Minimum Investment
₹288000
Issue Size
₹60.1Cr
Opens
2026-09-24
Closes
2026-09-28
Listing
01-10-2026
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE1WDS01018
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Green Asia Impex Limited is engaged in the sourcing, processing and export of frozen seafood and agri-commodities, with a focus on frozen shrimp and dried chillies. The company supplies its products to business-to-business (B2B) customers, including importers, distributors, and food processing entities, in domestic and international markets. Its operations involve procuring raw materials, processing, quality control, and exporting finished products according to customer specifications and applicable food safety and regulatory requirements. The company was incorporated in 2014 and is headquartered in Tadepalligudem, Andhra Pradesh. It has been recognised as a Two Star Export House by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce & Industry, Government of India. Green Asia Impex uses company-operated and third-party licensed processing facilities, as applicable. Before establishing its own processing facility in January 2023, the company relied on third-party processing facilities for processing its products.
Pros
- • Green Asia claims to operate processing facilities equipped with grading machines, plate freezers, IQF hardeners, and cold storage units for frozen shrimps and dried chillies. The company also holds certifications and registrations, including HACCP, ISO 22000, FSSAI, and FDA registration, as applicable.
- • As of March 31, 2026, the company exported its products to China, Kuwait, the USA, Malaysia, the UK, Vietnam, and Thailand. Its customer base includes importers, distributors, and food processing entities in domestic and international markets.
- • The company has established relationships with trader-cum-commission agents operating in Agricultural Market Committee markets for sourcing shrimps and dried chillies. It sources from multiple suppliers and subjects procured raw materials to quality checks before acceptance.
Cons
- • The company derives a significant portion of its revenue from China, exposing it to country-specific risks. In FY26, sales to customers in China stood at Rs 120.09 crore, representing 31.29% of revenue from operations. Adverse changes in China’s economic conditions, import policies, food safety regulations, customs duties, trade relations or the geopolitical environment could hurt the company’s exports, revenue, and profitability.
- • The company’s shrimp processing business is exposed to biosecurity risks, including shrimp diseases and viruses. Shrimp are vulnerable to diseases such as white spot disease, and the company cannot assure that its biosecurity measures or testing processes will prevent contamination at all stages. Any outbreak, contamination, or deterioration of raw or processed shrimp, including during transportation, could adversely affect its business and financial performance.
- • The company has a contingent income tax liability of Rs 7.89 crore, which could result in a significant cash outflow if it materialises. As of March 31, 2026, the contingent liability related to an income tax demand for FY21-22 under appeal represented 19.04% of the company’s net worth. If the appellate proceedings do not result in a favourable outcome, payment of the demand could adversely affect the company’s cash flows, profitability, and net worth.
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