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AbridgedLast filing 30 Sep 2026

Green Asia Impex Limited

CIN
Source documents

Green Asia Impex Limited (CIN U10209AP2014PLC094995) has filed a SEBI filings with SEBI for an IPO comprising a fresh issue of ₹53 Cr and an offer for sale of ₹7.0 Cr, priced at ₹84.00 to ₹89.00 per share. In FY26 it reported revenue of ₹384 Cr (+13.7% on FY25) and a net profit of ₹16 Cr. Promoters hold 92.0% before the IPO. Our earlier look-up of its claims found no medium or high concerns across 32 claims looked up.

Read from public SEBI filings; last updated . Not investment advice.

Key signals

Read from the filing. Signals summarise it; they are not a recommendation or investment advice.

  • ValuationLooks fine
    12.2x P/EFrom NSE's price band, on FY26 profit; 4.6x book value.
  • GrowthLook closer
    10% a yearSales FY24 to FY26; latest year +13.7%.p.69
  • ProfitabilityLook closer
    4.1% net marginFY26; operating margin improving.p.69
  • DebtConcern
    2.4x equity₹99.5 crore borrowed at the end of FY26.p.69
  • -40% of profitOperations brought in ₹-6.3 crore against ₹15.6 crore of profit in FY26.p.69
  • One-off incomeLook closer
    23% of profitOther and one-off income is 23% of pre-tax profit; management describes 13 one-off items.p.339
  • 12% for sale88% is new shares issued by the company.p.104
  • Red flagsLooks fine
    None serious32 claims looked up earlier: 0 high, 0 medium concern.
How we rate these
  • Valuation: P/E at the top of the band: up to 25x good, up to 40x watch, above that concern.
  • Growth: Sales growth per year: 20% or more good, 8% or more watch, below that concern.
  • Profitability: Net profit margin: 10% or more good, 4% or more watch, below that concern. The trend note compares operating margin with the year before (1.5 points either way).
  • Debt: Borrowings / net worth: up to 0.5x good, up to 1.5x watch, above that concern.
  • Profit into cash: Cash from operations as a share of net profit: 80% or more good, 40% or more watch, below that (or negative) concern.
  • One-off income: Other and one-off income as a share of pre-tax profit: up to 10% good, up to 30% watch, above that concern. Any one-off item management itself describes moves "good" to "watch".
  • Where the money goes: Offer for sale as a share of the whole issue: under 40% good, under 75% watch, above that concern. In an offer for sale the money goes to the selling shareholders, not the company.
  • Red flags: Earlier web look-ups of the filing's claims: any high-concern finding is concern, any medium is watch, otherwise good.

Rules are rules of thumb, not a verdict: a fast-growing business can reasonably carry a higher P/E, and some sectors run on debt.

Original draft not analysed yet. We have one filing for this company, but not its full draft prospectus. The amendments below are shown on their own until it is added.

The IPO

What Green Asia Impex Limited is offering, at what price, and who owns it today. Read from the Other; anything the company hasn't fixed yet shows as pending.

IPO dates announced

Bidding 24 Sep 2026 to 28 Sep 2026.

Fresh issue
₹53 Cr
New money for the company
Offer for sale
₹7.0 Cr
Existing holders selling; the company gets none
Price band
₹84.00 – ₹89.00
From NSE -- may be revised once the filing states its own band; lot of 1600 shares, from ₹1,34,400
Final offer price
₹89.00
Fixed after bidding closed, from NSE
Shares today
1.55 Cr
Before the IPO
Face value
₹10
Listing on
NSESME
Bidding
24 Sep 2026 to 28 Sep 2026
Opens to closes
Lead managers
Indorient Financial Services
Registrar
Bigshare Services
Read from p.1p.65p.66p.67+2

Where the money goes

Earmarked for specific objects
₹52 Cr

of a ₹53 Cr fresh issue

Object₹ crore% of issue
Other
expected to be deployed from Internal Accruals post August
0.31
0.6%
Capex
seafood processing facility including purchase and installation of plant, machinery & equipment
51
97%
General corporate
General Corporate Purposes
Not fixed yetn/a

Amounts marked “not fixed yet” are left blank in the draft and are set once the price is decided. Source: page 104

Who owns it

Promoters and promoter group hold before the IPO
92.0%

As stated in the filing. The full shareholding table could not be cross-checked.

Valuation

At the price bandLow endHigh end
Price per share₹84.00₹89.00
Market cap after IPO₹183 Cr₹191 Cr
P/E (FY26 profit)11.72x12.22x
Price / book value4.42x4.60x
Price / sales0.48x0.50x

Post-issue market cap divided by FY26 figures from the filing. A loss-making company has no P/E. Total issue size at the top of the band: ₹60 Cr. Price band is from NSE; not yet stated in this filing.

Bidding

Live category-by-category demand for Green Asia Impex Limited's IPO, from NSE's own bid-details page.

CategoryReservedBid forSubscribed
QIB039.07 lakh0.00x
NII (total)017.74 lakh0.00x
NII, over ₹10L bids014.27 lakh0.00x
NII, ₹2L–₹10L bids03.47 lakh0.00x
Total056.82 lakh0.00x

From NSE's own bid-details page, as of 1 Oct 2026 -- a snapshot from when this was last checked, not live. Not part of the SEBI filing.

Financials

What Green Asia Impex Limited earned and how, read straight from its Other.

Sales FY26
₹384 Cr
+13.7% vs FY25
Net profit FY26
₹16 Cr
4.1% net margin
Net worth
₹41 Cr
Debt / equity 2.40x
Operating cash flow FY26
−₹6.3 Cr
Business consumed cash
₹ crore · Consolidated · FY = year ended 31 MarchSource p.68p.69p.70
MetricFY24FY25FY26
Profit & loss
Sales317338384
Sales growth–6.4%13.7%
Operating profit192131
Operating margin5.9%6.3%8.1%
0.762.04.8
Interest7.06.412
Depreciation3.42.62.3
Profit before tax9.01421
Profit before tax excl. other & one-off income8.31216
Other & one-off income as % of PBT8.5%14.1%23.0%
Tax rate26.2%28.1%25.8%
Net profit6.71016
Net margin2.1%3.1%4.1%
EPS (₹)4.507.0010.56
Balance sheet
Net worth152641
Borrowings647599
Total assets135192255
Debt / equity4.12x2.90x2.40x
Return on equity43.1%40.1%37.7%
Cash flow
Cash from operations-15-5.1-6.3
Cash from investing-1.10.48-6.2
Cash from financing165.012

Non-recurring items

One-off items management describes in its own discussion of the results. They are real, but they do not come from day-to-day operations and may not repeat, so an analyst would set them aside when judging the recurring business.

  • Other

    Goodwill on consolidation of ₹107.17 lakhs was derecognised on the divestment.

    p.339
  • Other

    A loss on sale of investment of ₹18.07 lakhs was recognised in Fiscal 2025.

    p.339
  • Other

    Credit balances no longer required written back amounted to ₹202.30 lakhs in Fiscal 2026, compared to ₹3.36 lakhs in Fiscal 2025.

    p.352
  • Other

    Debit balances were written off under other expenses amounting to ₹145.66 lakhs in Fiscal 2026, compared to ₹15.93 lakhs in Fiscal 2025.

    p.352
  • Other

    Debit balances written off increased from ₹10.41 lakhs in Fiscal 2025 to ₹145.66 lakhs in Fiscal 2026, primarily comprising long-outstanding balances written off following a review of their recoverability.

    p.354
  • Other

    Divestment of shareholding in erstwhile subsidiary resulted in the discontinuation of rental income of ₹44.07 lakhs and storage charges of ₹7.09 lakhs which had been recognised in Fiscal 2024.

    p.357
  • Other

    Recognition of a loss on sale of investment of ₹18.07 lakhs and a reversal of goodwill on consolidation of ₹107.17 lakhs occurred in Fiscal 2025.

    p.357
  • Other

    Provisions no longer required written back of ₹23.46 lakhs occurred in Fiscal 2025.

    p.358
  • Other

    An insurance claim received of ₹2.81 lakhs occurred in Fiscal 2024.

    p.358
  • Other

    A loss on the sale of investment of ₹18.07 lakhs was recognised in Fiscal 2025 on the divestment of the erstwhile subsidiary.

    p.361
  • Other

    Debit balances written off of ₹10.41 lakhs were recognised in Fiscal 2025.

    p.361
  • Other

    Debit balances written off of ₹10.41 lakhs and CSR expenses of ₹8.00 lakhs were recognised in Fiscal 2025, with no corresponding charges in Fiscal 2024.

    p.361
  • Other

    Long outstanding debit balances were written off during Fiscal 2026, involving a write-off of ₹145.66 lakhs and recognition of a provision for doubtful debts of ₹2.30 lakhs.

    p.365

How they earn

Where the revenue comes from. Each split adds up to the reported sales.

Reconciliation of Revenue from Products to Revenue from Operations

₹ crore · Source p.367
SegmentFY24FY25FY26Share of FY26
Revenue from products30732937497.5%
Other operating revenue7.28.18.92.3%
Revenue from services3.20.420.600.2%
Rental income0.440.000.000.0%

Revenue breakdown

₹ crore · Source p.218
SegmentFY26Share of FY26
Shrimp30779.8%
Dried Chillies7820.2%

Full statements

As printed in the filing's summary financial information, converted to ₹ crore.

₹ crore (per-share figures in ₹), as restated in the filing. Click + to see what a line is made of.Source p.69
Line itemFY24FY25FY26
Revenue from operations317338384
Other income0.762.04.8
318340389
Finance Costs7.06.412
Depreciation and amortisation Expense3.42.62.3
309325368
Profit Before exceptional & extraordinary Items and tax9.01421
Exceptional Items0.000.000.00
Profit Before extraordinary items and tax9.01421
Profit Before Tax9.01421
2.44.05.4
Profit for the year from continuing operations6.71016
Profit from discontinuing operations0.000.000.00
Tax expense of discontinuing operations0.000.000.00
Profit after Tax from Discontinuing operations0.000.000.00
Profit after Tax for the year6.71016
Earnings per equity share of Rs. 10/- each (in Rs.) a) Basic4.507.0010.56
Diluted4.57.011
₹ crore (per-share figures in ₹), as restated in the filing. Click + to see what a line is made of.Source p.68
Line itemFY24FY25FY26
152641
Long-Term Borrowings107.57.7
118.28.6
Short-term borrowings536792
0.000.220.06
Total outstanding dues other than micro enterprise and small enterprise4987107
109158205
TOTAL EQUITY & LIABILITIES135192255
Property, Plant and Equipment and Intangible Assets Property, Plant & Equipment141215
Goodwill on Consolidation1.10.000.00
171418
Inventories8190118
Trade Receivables266597
Cash and cash equivalents0.500.920.53
Bank Balances other than Cash and Cash Equivalents0.000.000.48
118178237
TOTAL ASSETS135192255
₹ crore (per-share figures in ₹), as restated in the filing. Click + to see what a line is made of.Source p.70p.71
Line itemFY24FY25FY26
Profit before tax9.01421
Loss on Sale of Investment0.000.180.00
Profit on sale of Vehicle (6.73) Unrealised Foreign Exchange Gain0.000.00-0.41
Operating profit before working capital changes202435
-15-5.1-6.3
-1.10.48-6.2
165.012
Cash and cash equivalents at the beginning of the year0.650.500.92
0.500.920.53

Discounted cash flow

What Green Asia Impex Limited's cash flow would be worth today. Change the rate, time period or growth to see how sensitive the answer is.

% / yr
years
% / yr
Worth today (10 years of cash)
₹149 Cr
Per share
₹69.35
Top of the price band
₹89.00
DCF value is 22.1% below it.
0204060Year 1: ₹17 Cr projected, ₹15 Cr in today's money1Year 2: ₹19 Cr projected, ₹15 Cr in today's money2Year 3: ₹21 Cr projected, ₹15 Cr in today's money3Year 4: ₹23 Cr projected, ₹15 Cr in today's money4Year 5: ₹25 Cr projected, ₹15 Cr in today's money5Year 6: ₹28 Cr projected, ₹15 Cr in today's money6Year 7: ₹30 Cr projected, ₹15 Cr in today's money7Year 8: ₹33 Cr projected, ₹15 Cr in today's money8Year 9: ₹37 Cr projected, ₹14 Cr in today's money9Year 10: ₹40 Cr projected, ₹14 Cr in today's money10
Projected cash flow (₹ Cr) Worth today at 11% a yearAlong the bottom: years from now

Starts from FY26 net profit of ₹16 Cr, grown 10% a year (based on revenue growth FY24–FY26, capped at 20%) and discounted at 11% a year, with no value counted beyond year 10. Per share uses the shares outstanding after the IPO at the top of the band. A simple illustration from the filing's numbers, not a forecast or investment advice; small changes to the rate or growth move the answer a lot.

The short version

Start here. The story in a few minutes, with every fact tied to the page it came from.

Here’s a detail about Green Asia Impex Limited that almost nobody notices: the company was officially incorporated back in August of 2014. That puts its founding squarely in the mid-2010s, which is a key piece of context when we look at its current market positioning.

AI-written summary of Green Asia Impex Limited's filings. Verify against the source documents.

Bottom line

So, to wrap this up, we've seen the whole picture: the structure of the offering, the financial trends showing that growth alongside some cash flow disconnects, the legal assurances, and the level of promoter control. That's the data the filing paints for you. What you make of all these numbers and disclosures is ultimately up to you.

Red flags from earlier look-ups

For this filing we looked up selected claims (promoters, court cases, subsidiaries) on the open web earlier. We no longer check what a filing says; SEBI reviews it.

  • LowSubsidiary

    Green Asia Impex Private Limited

    90% confidence
    What the filing says

    The company was originally incorporated as ‘Green Asia Impex Private Limited’ in the state of Andhra Pradesh.

    What we found

    Search result [3] states that Green Asia Impex Limited was incorporated as Green Asia Impex Private Limited on August 5, 2014. Search result [5] mentions that Green Asia Impex Limited is incorporated in 2014 and is headquartered in Tadepalligudem, Andhra Pradesh.

  • LowSubsidiary

    Green Asia Cold Storages Private Limited

    50% confidence
    What the filing says

    The company disinvested 100% of its holding in Green Asia Cold Storages Private Limited in April 2024.

    What we found

    One search result suggests that Green Asia Impex Limited had a subsidiary named Cold Storages Private Limited until April 9th, which is close to the claim of disinvestment in April 2024. However, the search results do not explicitly confirm the specific event of disinvesting 100% of its holding in that entity in April 2024.

Updates since the first filing

Addenda, corrigenda and the abridged prospectus, newest first.

  1. OtherOther filing· 469 pagesOpen document

    An earlier full draft. The main analysis above reflects the latest version; open the document to compare.

Green Asia Impex Limited IPO: common questions

Short answers drawn from the filings above.

How big is the Green Asia Impex Limited IPO?

Green Asia Impex Limited's IPO comprises a fresh issue of ₹53 Cr and an offer for sale of ₹7.0 Cr, according to its SEBI filings. The price band is ₹84.00 to ₹89.00 per share.

What are Green Asia Impex Limited's revenue and profit?

Green Asia Impex Limited reported revenue from operations of ₹384 Cr in FY26, +13.7% versus FY25. Net profit was ₹16 Cr (FY25: ₹10 Cr). Revenue grew at a compound rate of 10.0% a year from FY24 to FY26. Figures are read from the Other, as printed there.

How much do promoters own in Green Asia Impex Limited?

Promoters and the promoter group hold 92.0% of Green Asia Impex Limited before the IPO.

How will Green Asia Impex Limited use the IPO money?

The fresh-issue proceeds are earmarked for: expected to be deployed from Internal Accruals post August (₹0.31 Cr); seafood processing facility including purchase and installation of plant, machinery & equipment (₹51 Cr); General Corporate Purposes (amount not fixed yet). The offer-for-sale portion goes to the selling shareholders, not the company.

What are the red flags in Green Asia Impex Limited's filing?

Earlier, we looked up 32 claims from the filing on the open web (we no longer do this, since SEBI reviews the filing): 0 raised a high concern, 0 medium and 2 low. This is an automated screen, not a verdict; each finding links to its sources.

What does Green Asia Impex Limited do?

Here’s a detail about Green Asia Impex Limited that almost nobody notices: the company was officially incorporated back in August of 2014. That puts its founding squarely in the mid-2010s, which is a key piece of context when we look at its current market positioning.

Who manages the Green Asia Impex Limited IPO?

Book running lead managers: Indorient Financial Services Limited. Registrar to the offer: Bigshare Services Private Limited. Shares are proposed to list on NSE.

Where can I read the original Green Asia Impex Limited IPO documents?

All 1 filing for Green Asia Impex Limited (Other) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document.

Source documents

Every page reference on this site links to the original SEBI PDF.

DocumentSource
OtherOther filing
Green Asia Impex Limited · 30 Sep 2026
PDF
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