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Green Asia Impex Ltd
FMCGIPOSME
₹85 - 90
Incorporated in 2014, Green Asia Impex Limited is an Andhra Pradesh-based Two Star Export House processing and exporting frozen shrimps and dried red chillies through a counter-seasonal procurement and business-to-business (B2B, selling directly to other companies) processing model serving overseas and domestic food distributors. The company pairs coastal aquaculture harvests with agricultural spice cycles to keep its processing assets running year-round while operating on cost-plus and market-linked supply contracts.
Lot1,600Min Invest₹2,88,000Face Value₹10Issue Size₹60 CrFresh Issue₹53 CrOffer for Sale₹7 Cr
Timeline
24 Sept
Bidding opens
28 Sept
Bidding closes
29 Sept
Allotment
30 Sept
Refund & demat credit
1 Oct
Listing
Subscription
Subscription opens 24 Sept
Reports
Offer Details
Terms
Issue Size₹60 Cr
Fresh Issue₹53 Cr
Offer for Sale₹7 Cr
Face Value₹10
Lot Size1,600 shares
ReservationQIB 30% · NII 35% · RETAIL 35%
Application Sizes
Retail₹2,88,0001-1 lots
sNII₹2,88,000from 2 lots
bNII₹10,08,000from 7 lots
Managers & Registrar
Lead ManagerIndorient Financial Services Limited
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrPasupuleti Venkata RamaraoPRMTR3700.00Pasupuleti MeenakshiPRMTR3300.00Total7000.01
Shareholding
CategoryPre IPOPost IPOPromoter Group94.64%64.87%Public5.36%35.13%
Objects of the Issue
- Funding the capital expenditure for setting up the proposed seafood processing facility including purchase and installation of plant, machinery & equipment
- General Corporate Purpose
Anchor Book
30-day lock-in28-Oct-202690-day lock-in27-Dec-2026
Strengths & Risks
Strengths · as stated in the DRHP
- Export-grade processing facilities compliant with global standards.
- We have strong long-standing relationships with customers both in India and abroad.
- Trader-cum-commission agent network supporting procurement.
- Diversification across shrimp and chilli businesses with different product cycles.
Strategies · as stated in the DRHP
- Expansion of Processing Capacity.
- Increase Value Addition in shrimp processing.
- Improvement in Operational efficiency and Costs management.
- Broaden Market Footprint by penetrating new geographies.
Risks · as stated in the DRHP
- The company intend to utilize a portion of the Net proceeds for setting up the Proposed Seafood Processing Facility at Chinnayagudem, Andhra Pradesh. The company is yet to place orders for the machinery for the expansion of the proposed seafood processing facility. Any delay in placing orders or procurement of such machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.
- The company does not have a formal hedging policy and accordingly, faces foreign exchange risks that could adversely affect its results of operations and cash flows.
- The company is subject to strict quality requirements, and regulatory and customer inspections. Any failures to comply with quality standards may lead to cancellation of existing and future orders and could have a material adverse effect on the company's business, financial condition, results of operations and prospects.
- The company has had negative cash flows in the past and may have negative cash flows in the future.
- The Company, Director(s), Promoter(s) and Key Managerial Personnel and Senior Management are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the company's business, results of operations and financial condition.
- The company has certain contingent liabilities, which if they materialise, may adversely affect its financial condition, cash flows and results of operations.