PNN

Mumbai (Maharashtra) [India], September 29: Green Asia Impex Limited, an agri-processing and export company engaged primarily in frozen shrimps and dried chillies, has revised the price band for its Initial Public Offering (IPO) to 84-89 per Equity Share. The Company has also extended the closing date of the issue to October 01, 2026.

The IPO opened for subscription on September 24, 2026, and the Equity Shares are proposed to be listed on the NSE Emerge platform.

With an established presence across the seafood and agri-processing value chain, Green Asia Impex has built its business around the sourcing, processing and distribution of shrimps and dried chillies across domestic as well as international markets. The Company currently exports to seven countries, including China, Kuwait, the USA, Malaysia, the UK, Vietnam and Thailand. It has also been recognised as a Two Star Export House by the Directorate General of Foreign Trade (DGFT).

STRONG OPERATING BASE

The Company operates a shrimp processing facility with an aggregate installed capacity of 10,800 MTPA, comprising 7,200 MTPA of block freezing capacity and 3,600 MTPA of IQF capacity. Its product portfolio includes Vannamei, Black Tiger and Freshwater Shrimps, along with multiple varieties of dried chillies.

Green Asia Impex recorded Revenue from Operations of 383.80 Crore in FY26, compared with 338 Crore in FY25. During the year, the Company reported EBITDA of 25.23 Crore, with an EBITDA margin of 6.57%, while Profit After Tax stood at 15.61 Crore, translating into a PAT margin of 4.07%.

MANAGEMENT COMMENTMr. Pasupuleti Venkata Rama Rao, Managing Director, Green Asia Impex Limited, said: "Our journey over the last decade has been focused on building a business that combines sourcing capabilities, processing infrastructure and market access across both domestic and international markets. From our initial focus on dried chillies, we have expanded into seafood processing and exports, while continuing to strengthen our quality and compliance systems.

The IPO marks an important step as we look to enhance our processing infrastructure and build greater operating capacity. We remain focused on deepening our customer relationships, expanding our market presence and creating a scalable platform for the next phase of growth."

IPO PROCEEDS TO SUPPORT CAPACITY EXPANSION

The Company intends to deploy the proceeds from the Fresh Issue towards funding the capital expenditure for setting up the proposed seafood processing facility including purchase and installation of plant, machinery & equipment, while the remaining proceeds are proposed to be utilised towards general corporate purposes and issue expenses.

The proposed investment in processing infrastructure is expected to strengthen the Company's operating capabilities and provide additional capacity to support its business requirements.

Disclaimer:

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. Investors should read the Red Herring Prospectus, including the section titled "Risk Factors", before making any investment decision. This announcement is not for release, publication or distribution, directly or indirectly, outside India.

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