Green Asia Impex Limited, an Andhra Pradesh-based shrimp and dry chillies processing and export company, opens its initial public offering on the NSE Emerge SME platform on September 24, 2026. The company is raising up to Rs 60.10 crore, combining a fresh issue of Rs 53.10 crore with an offer for sale of Rs 7 crore, at a price band of Rs 85 to Rs 90 per share.
Incorporated in 2014, Green Asia Impex processes Vannamei, Black Tiger and freshwater shrimp alongside dry chillies at its Unguturu facility in Tadepalligudem and its Guntur chillies operations, exporting to China, the United States, Thailand, Vietnam, Malaysia, the United Kingdom and Kuwait. The issue closes on September 28, with a minimum bid lot of 1,600 shares, meaning retail investors need to apply for at least 3,200 shares to enter the offer.
Why Is Green Asia Impex Going Public Now?
The company plans to use the fresh issue proceeds primarily to fund capital expenditure at its seafood processing facility, including new plant and machinery, alongside general corporate purposes. For FY26, Green Asia Impex reported revenue of Rs 383.80 crore, with shrimp exports contributing Rs 337 crore and dry chillies the remaining Rs 38 crore. EBITDA stood at Rs 25.23 crore and profit after tax at Rs 15.61 crore, giving the company a reasonably comfortable base from which to expand processing capacity ahead of the listing.
Its Unguturu shrimp facility, spread over 1,838.76 square metres, currently runs a block-frozen capacity of 7,200 metric tonnes per annum alongside an individually quick frozen (IQF) capacity of 3,600 metric tonnes per annum. The IPO proceeds are expected to expand this processing base further as the company positions itself to capture more of India’s growing shrimp export volumes.
What Does This Mean for India’s Seafood Processing Industry?
India’s shrimp export sector has increasingly turned to public markets to fund capacity expansion, and Green Asia Impex’s listing adds to a run of SME food-processing and agri-export IPOs on the NSE Emerge and BSE SME platforms through September 2026. With export markets spanning China, Southeast Asia, the Gulf and the West, the company’s diversified buyer base reflects a broader trend among Indian seafood processors to reduce dependence on any single export destination amid fluctuating anti-dumping duties and trade policy shifts in key markets such as the United States.
Market Reaction and Industry Response
The offer is being managed by Indorient Financial Services as book running lead manager, with Bigshare Services acting as registrar. Green Asia Impex’s management has described the company’s evolution into an integrated agri-processing and export business, with shrimp positioned as its core growth engine going forward. As an SME-platform listing, the IPO is likely to draw interest from investors tracking India’s expanding marine and agri-export processing base, particularly given the company’s profit growth between FY25 and FY26.
What Happens Next?
The subscription window runs from September 24 to September 28, 2026, after which allotment and listing timelines will follow the standard SME IPO schedule. Investors and industry watchers will be tracking subscription levels across retail, non-institutional and qualified institutional categories, as well as how the stock performs on listing day relative to its Rs 85 to Rs 90 price band. Longer term, the company’s ability to scale its Unguturu and Guntur facilities using the fresh capital will determine whether it can sustain the export revenue growth it posted in FY26.
Frequently Asked Questions
What does Green Asia Impex do?
Green Asia Impex is an Andhra Pradesh-based company that processes and exports shrimp varieties including Vannamei, Black Tiger and freshwater shrimp, along with dry chillies, to markets including China, the US, Thailand, Vietnam, Malaysia, the UK and Kuwait.
What is the price band and lot size for the Green Asia Impex IPO?
The IPO is priced between Rs 85 and Rs 90 per share, with a minimum lot size of 1,600 shares, requiring a minimum investment covering 3,200 shares across two lots.
How will Green Asia Impex use the IPO proceeds?
The company plans to use the fresh issue proceeds mainly for capital expenditure on its seafood processing facility, including plant and machinery, along with general corporate purposes.
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