Green Asia Impex Ltd IPO
Status: Closed
Overview
IPO date
24 Sept 2026 to 01 Oct 2026
Face value
₹ 10 per share
Price
₹ 84 to ₹89 per share
Issue Size
6,667,200 shares
(aggregating up to ₹ 59.34 Cr)
(aggregating up to ₹ 59.34 Cr)
Allotment Date
05 Oct 2026
Listing at
NSE
Issue type
Book Building - SME
Sector
FMCG
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T&C*
Strengths vs Risks of Green Asia Impex Ltd
Know the pros & cons
Strengths
- 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.
Risks
- 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.
- The company's contingent liability relating to an income tax demand is material in relation to the company's net worth and, if it crystallizes, may adversely affect its financial position
- A substantial portion of the company's current assets comprises trade receivables, and any delay in collection or failures to recover such receivables may adversely affect its cash flows, working capital and profitability.
- The company's business operations require significant working capital. If the company experiences insufficient cash flows to meet required payments on the company's working capital requirements, there may be an adverse effect on the results of its operations.
- The company's business is working capital intensive and dependent on external borrowings, which expose the company to liquidity and interest rate risks.
- The company's financial statements are prepared in accordance with Accounting Standards and involve significant management judgments and estimates.
- The company's financing agreements impose certain restrictions on the company's operations, and our failures to comply with operational and financial covenants may adversely affect its business and financial condition.
- The company's success depends upon its ability to attract, train and retain skilled and unskilled manpower while also maintaining low labour costs.
- The company operates in a competitive organised and unorganised industry with low barriers to entry and may be unable to compete with a range of unorganized players.
- Fraud or misconduct by the company's employees could adversely affect its reputation, business, results of operations and financial condition.
- The company's operations are labour intensive and the company's manufacturing operations may be subject to unionization, work stoppages or increased labour costs, which could adversely affect its business and results of operations.
- The company is dependents on information technology systems in carrying out the company's business activities and it forms an integral part of the company's business. Further, if the company is unable to adapt to technological changes and successfully implement new technologies or if the company faces failures of the company's information technology systems, the company may not be able to compete effectively which may result in higher costs and would adversely affect its business and results of operations
- The company's ability to pay dividends in the future may be affected by any material adverse effect on the company's future earnings, financial condition or cash flows.
- There have been certain delays in payment of statutory dues in the past. Any delay in payment of statutory dues in future, may result in the imposition of penalties and in return may have an adverse effect on the company's business, financial condition and results of operations
- The company requires a number of approvals, licenses, registration and permits for the company's business and failures to obtain or renew them in a timely manner may adversely affect its operations.
- The company is dependents upon the experience and skill of the company's Promoters, Key Managerial Personnel and Senior Management for conducting its business and undertaking the company's day to day operations. The loss of or the company's inability to retain, such persons could materially and adversely affect its business performance.
- The company's Directors does not have any prior experience of being a director in any other listed company in India and this may present certain potential challenges for the Company and in the event of any material non-compliance where the company's Directors are held liable and responsible, the company may have to appoint new directors
- The company's insurance coverage may not be adequate or the company may incur uninsured losses or losses in excess of the company's insurance coverage which a materially and adversely affect its business, financial condition, cash flows and results of operations.
- There are certain delays in the secretarial filings which may be subject to regulatory actions and penalties.
- Third party industry and statistical information in this Red Herring Prospectus may be incomplete or unreliable.
- The Company has undertaken an issuance of bonus Equity Shares in the past. However, the company cannot assure you that the Company will be able to undertake an issuance of bonus Equity Shares in the future.
- The Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
- The company has availed unsecured loans that may be recalled at any time.
- The company's Promoters and members of the company's Promoter Group will be able to exercise significant influence and control over the company after the Offer and may have interests that are different from or conflict with those of the company's other shareholders.
- The Company's future funding requirements, in the form of further issue of capital or other securities and/or loans taken by the company, may turn out to be prejudicial to the interest of the shareholders depending upon the terms and conditions on which they are raised.
- The Company has during the preceding one year from the date of the Draft Red Herring Prospectus have allotted Equity Shares at a price which is lower than the Offer Price.
- Significant differences exist between Indian GAAP and other accounting principles, such as Ind AS, IFRS and U.S.GAAP, which may be material to investors' assessments of the company's financial condition, result of operations and cash flows.
- Any increase in interest rates would have an adverse effect on the company's results of operations and will expose the Company to interest rate risks.
- Non-Compliance with, and changes in, safety, health and environmental laws and regulations may adversely affect its business, prospects, financial condition and results of operations.
- The company has not independently verified certain data in this Draft Red Herring Prospectus.
- The requirements of being a listed company may strain its resources.
- Delay in raising funds from the IPO could adversely impact the implementation schedule
- The company's Equity Shares have never been publicly traded, and may experience price and volume fluctuations following the completion of the Offer. Further, the company's Equity Shares may not result in an active or liquid market and the price of the company's Equity Shares may be volatile and you may be unable to resell your Equity Shares at or above the Offer Price or at all..
- Any variation in the utilisation of the Net Proceeds or in the terms of any contract as disclosed in the Draft Red herring Prospectus would be subject to certain compliance requirements, including prior shareholders' approval.
- You will not be able to sell immediately on the Stock Exchange any of the Equity Shares you purchase in the Issue
- There is no guarantee that the Equity Shares will be listed on the NSE Emerge in a timely manner or at all
- The company derives a significant portion of its revenue from exports to China, which exposes the company to risks associated with economic, regulatory and geopolitical developments in China. Any adverse changes in China may have a material adverse impact on its business, financial condition and results of operations.
- The company intends 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 operates in an environmentally sensitive industry and is subject to biosecurity risks at shrimp farms, shrimp hatchery, landing areas, its processing and other facilities and during the transportation of raw and processed shrimp, which could have a material adverse effect on the company's business, financial condition and results of operations.
- The company derives a significant portion of its revenue from domestic sales in India, from shrimp segment, which exposes the company to risks associated with economic, regulatory and market developments in India. Any adverse changes in India may have a material adverse impact on its business, financial condition and results of 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's business is working capital intensive and dependent on external borrowings, and any inability to meet its working capital requirements or service the company's debt obligations may adversely affect its financial condition, cash flows and results of operations.
- The company has certain contingent liabilities, including a material income tax demand, which, if they materialise, may adversely affect its financial condition, cash flows, results of operations and net worth.
- 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 does not have contractual agreements with suppliers for its raw materials, and an increase in the cost of or a shortfall in the availability of shrimp and dried chillies could have an adverse effect on the company's business and results of operations.
- The company's financing agreements impose certain restrictions on its operations, and the company failures to comply with operational and financial covenants may adversely affect its business and financial condition.
- The company has had negative cash flows in the past and may have negative cash flows in the future.
- A significant portion of the company's revenue is generated from its limited number of large customers and if the company is unable to maintain its relationship with such customers or if there is a reduction in their demand for the company's products, its business, results of operations and financial condition will be materially and adversely affected.
- The company's current & proposed manufacturing facilities are currently concentrated in the state of Andhra Pradesh in India. Any significant social, political, economic or seasonal disruption, natural calamities or civil disruptions within the state of Andhra Pradesh could have an adverse effect on the company's business, results of operations, financial condition and cash flow.
- If the company is unable to optimally utilise its existing and proposed processing capacities, the company's business, results of operations and financial condition could be adversely affected.
- Any downgrade of India's sovereign debt rating by domestic or international rating agencies could adversely affect the company's business.
- The company's business is subject to seasonality in the procurement of key raw materials such as shrimps and dried chillies, which may adversely affect its operations, margins and results of operations.
- A significant portion of the company's revenue is derived from the sale of shrimps, and any adverse developments in this segment may have a material adverse effect on its business, financial condition and results of operations.
- Shelf-life constraints and cold chain dependency may adversely impact the company's business.
- The Company commenced manufacturing, grading and processing activities prior to the inclusion of the specific enabling object clause in its Memorandum of Association.
- The orders placed by customers may be delayed, modified or cancelled, which may have an adverse effect on the company's business, financial condition and results of operations.
- The Company will not receive any proceeds from the Offer for Sale portion of the Offer.
- If the company is unable to sustain or effectively manage its growth, the company's business, results of operations and financial condition may be adversely affected.
- Its dried chillies processing facility is not owned by the Company.
- The Company has a highly leveraged capital structure, which exposes it to increased financial risks and may adversely affect the company's business, financial condition and results of operations.
- 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 its business, results of operations and financial condition.
- The company's Promoter, who are also the Selling Shareholders, have subscribed to, and purchased, Equity Shares, at a price which could be below the Offer Price. The average cost of acquisition of Equity Shares by the company's Promoters could also be lower than the Offer Price.
- A substantial portion of the company's current assets comprises trade receivables, and any delay in collection or failures to recover such receivables may adversely affect its cash flows, working capital and profitability.
- The company is unable to trace the original Tax Deduction and Collection Account Number ("TAN") allotment letter.
- The company's financial statements are prepared in accordance with Accounting Standards and involve significant management judgments and estimates.
- The company's success depends upon its ability to attract, train and retain skilled and unskilled manpower while also maintaining low labour costs.
- The company operates in a competitive organised and unorganised industry with low barriers to entry and may be unable to compete with a range of unorganized players.
- Fraud or misconduct by the company's employees could adversely affect its reputation, business, results of operations and financial condition.
- The company operations are labour intensive and its manufacturing operations may be subject to unionization, work stoppages or increased labour costs, which could adversely affect the company's business and results of operations.
- The company is dependent on information technology systems in carrying out the company's business activities and it forms an integral part of its business. Further, if the company is unable to adapt to technological changes and successfully implement new technologies or if the company faces failures of its information technology systems, the company may not be able to compete effectively which may result in higher costs and would adversely affect its business and results of operations.
- The company's ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
- There have been certain delays in payment of statutory dues in the past. Any delay in payment of statutory dues in future, may result in the imposition of penalties and in return may have an adverse effect on the company's business, financial condition and results of operations.
- The company requires a number of approvals, licenses, registration and permits for its business and failures to obtain or renew them in a timely manner may adversely affect the company operations.
- The company is dependent upon the experience and skill of its Promoters, Key Managerial Personnel and Senior Management for conducting the company's business and undertaking its day to day operations. The loss of or the company's inability to retain, such persons could materially and adversely affect its business performance.
- The company's Directors does not have any prior experience of being a director in any other listed company in India and this may present certain potential challenges for the Company and in the event of any material non-compliance where its Directors are held liable and responsible, the company may have to appoint new directors.
- The company's insurance coverage may not be adequate or its may incur uninsured losses or losses in excess of the company's insurance coverage which a materially and adversely affect its business, financial condition, cash flows and results of operations.
- There are certain delays in the secretarial filings which may be subject to regulatory actions and penalties.
- Third party industry and statistical information in this Red Herring Prospectus may be incomplete or unreliable.
- The Company has undertaken an issuance of bonus Equity Shares in the past. However, its cannot assure you that the Company will be able to undertake an issuance of bonus Equity Shares in the future.
- The Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
- The company has availed unsecured loans that may be recalled at any time.
- The company's Promoters and members of its Promoter Group will be able to exercise significant influence and control over the company after the Offer and may have interests that are different from or conflict with those of its other shareholders.
- The Company's future funding requirements, in the form of further issue of capital or other securities and/or loans taken by the company, may turn out to be prejudicial to the interest of the shareholders depending upon the terms and conditions on which they are raised.
- The Company has issued specified securities during the preceding twelve months from the date of the Red Herring Prospectus at a price which is lower than the Offer Price.
- Significant differences exist between Indian GAAP and other accounting principles, such as Ind AS, IFRS and U.S.GAAP, which may be material to investors assessments of the company's financial condition, result of operations and cash flows.
- Any increase in interest rates would have an adverse effect on its results of operations and will expose the Company to interest rate risks.
- Non-Compliance with, and changes in, safety, health and environmental laws and regulations may adversely affect the company's business, prospects, financial condition and results of operations.
- The company has not independently verified certain data in this Red Herring Prospectus.
- The requirements of being a listed company may strain its resources.
- Delay in raising funds from the IPO could adversely impact the implementation schedule.
- The company's Equity Shares have never been publicly traded, and may experience price and volume fluctuations following the completion of the Offer. Further, the company's Equity Shares may not result in an active or liquid market and the price of its Equity Shares may be volatile and you may be unable to resell your Equity Shares at or above the Offer Price or at all.
- Any variation in the utilisation of the Net Proceeds or in the terms of any contract as disclosed in the Red herring Prospectus would be subject to certain compliance requirements, including prior shareholders approval.
- You will not be able to sell immediately on the Stock Exchange any of the Equity Shares you purchase in the Issue.
- There is no guarantee that the Equity Shares will be listed on the NSE Emerge in a timely manner or at all.
Green Asia Impex Ltd Peer Comparison
Understand the company’s industry standing
Green Asia Impex Ltd
Apex Frozen Foods Ltd
Kings Infra Ventures Ltd
Face Value
10
10
10
Standalone / Consolidated
Consolidated
Consolidated
Consolidated
Total Income Rs. Cr.
---
---
---
EPS-Basis
10.56
12.43
6.59
EPS-Diluted
10.56
12.43
6.59
NAV Per Share
22.74
168.96
35.47
P/E-Basic EPS
8.43
29.16
17.21
P/E-Diluted EPS
---
---
---
RONW(%)
46.43
7.6
20.37
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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The IPO opens on 24 Sept 2026 & closes on 01 Oct 2026.
Green Asia Impex Limited was originally incorporated as a Private limited company in the name of Green Asia Impex Private Limited' pursuant to a certificate of Incorporation dated August 5, 2014 with the Registrar of Companies Andhra Pradesh. Further, Company was converted into a Public limited company, and the name was changed to Green Asia Impex Limited' dated September 19, 2025. Presently, Company is engaged in processing and export of marine food products, mainly frozen shrimp and dried chillies.
In the shrimp segment, Company process and export Vannamei shrimps, Black Tiger shrimps, and freshwater shrimps. These are supplied in multiple formats, including Head-On Shell-On (HOSO), Headless Shell-On (HLSO), and Peeled & Deveined (PD). In the chilli segment, it trade and export products, including whole dried chillies and stemless chillies.
Shrimp harvesting in India is generally carried out during the period from February to October, while dried chillies are seasonal agricultural produce typically harvested between January and April. The presence of both shrimp and chilli products enables the Company to diversify its procurement and processing activities across different periods, which helps mitigate seasonality-related business risks to an extent. Company operates a shrimp processing facility located at Unguturu, Tadepalligudem, Andhra Pradesh, with a built-up area of approximately 1,838.76 sqm. At its existing facility, Company's existing facility has installed capacity of 7,200 MTPA for shrimp block freezing and 3,600 MTPA for IQF processing.
Company has filed a Draft Red Herring Prospectus with SEBI and is planning to raise funds aggregating to Rs 71 crores comprising a fresh issue of Rs 65 Crore and the offer for sale of Rs 6 crores.
Green Asia Impex Ltd IPO will close on 01 Oct 2026.
- 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.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Pasupuleti Venkata Ramarao | 7572198 | 48.98 | 7162598 | 33.54 |
| 2 | Pasupuleti Meenakshi | 6654000 | 43.04 | 6290800 | 29.46 |
| 3 | Pasupuleti Veera Venkata Sat | 203160 | 1.31 | 203160 | 0.95 |
| 4 | Pasupuleti Srinithya | 203160 | 1.31 | 203160 | 0.95 |
- 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.
- The company's contingent liability relating to an income tax demand is material in relation to the company's net worth and, if it crystallizes, may adversely affect its financial position
- A substantial portion of the company's current assets comprises trade receivables, and any delay in collection or failures to recover such receivables may adversely affect its cash flows, working capital and profitability.
- The company's business operations require significant working capital. If the company experiences insufficient cash flows to meet required payments on the company's working capital requirements, there may be an adverse effect on the results of its operations.
- The company's business is working capital intensive and dependent on external borrowings, which expose the company to liquidity and interest rate risks.
- The company's financial statements are prepared in accordance with Accounting Standards and involve significant management judgments and estimates.
- The company's financing agreements impose certain restrictions on the company's operations, and our failures to comply with operational and financial covenants may adversely affect its business and financial condition.
- The company's success depends upon its ability to attract, train and retain skilled and unskilled manpower while also maintaining low labour costs.
- The company operates in a competitive organised and unorganised industry with low barriers to entry and may be unable to compete with a range of unorganized players.
- Fraud or misconduct by the company's employees could adversely affect its reputation, business, results of operations and financial condition.
- The company's operations are labour intensive and the company's manufacturing operations may be subject to unionization, work stoppages or increased labour costs, which could adversely affect its business and results of operations.
- The company is dependents on information technology systems in carrying out the company's business activities and it forms an integral part of the company's business. Further, if the company is unable to adapt to technological changes and successfully implement new technologies or if the company faces failures of the company's information technology systems, the company may not be able to compete effectively which may result in higher costs and would adversely affect its business and results of operations
- The company's ability to pay dividends in the future may be affected by any material adverse effect on the company's future earnings, financial condition or cash flows.
- There have been certain delays in payment of statutory dues in the past. Any delay in payment of statutory dues in future, may result in the imposition of penalties and in return may have an adverse effect on the company's business, financial condition and results of operations
- The company requires a number of approvals, licenses, registration and permits for the company's business and failures to obtain or renew them in a timely manner may adversely affect its operations.
- The company is dependents upon the experience and skill of the company's Promoters, Key Managerial Personnel and Senior Management for conducting its business and undertaking the company's day to day operations. The loss of or the company's inability to retain, such persons could materially and adversely affect its business performance.
- The company's Directors does not have any prior experience of being a director in any other listed company in India and this may present certain potential challenges for the Company and in the event of any material non-compliance where the company's Directors are held liable and responsible, the company may have to appoint new directors
- The company's insurance coverage may not be adequate or the company may incur uninsured losses or losses in excess of the company's insurance coverage which a materially and adversely affect its business, financial condition, cash flows and results of operations.
- There are certain delays in the secretarial filings which may be subject to regulatory actions and penalties.
- Third party industry and statistical information in this Red Herring Prospectus may be incomplete or unreliable.
- The Company has undertaken an issuance of bonus Equity Shares in the past. However, the company cannot assure you that the Company will be able to undertake an issuance of bonus Equity Shares in the future.
- The Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
- The company has availed unsecured loans that may be recalled at any time.
- The company's Promoters and members of the company's Promoter Group will be able to exercise significant influence and control over the company after the Offer and may have interests that are different from or conflict with those of the company's other shareholders.
- The Company's future funding requirements, in the form of further issue of capital or other securities and/or loans taken by the company, may turn out to be prejudicial to the interest of the shareholders depending upon the terms and conditions on which they are raised.
- The Company has during the preceding one year from the date of the Draft Red Herring Prospectus have allotted Equity Shares at a price which is lower than the Offer Price.
- Significant differences exist between Indian GAAP and other accounting principles, such as Ind AS, IFRS and U.S.GAAP, which may be material to investors' assessments of the company's financial condition, result of operations and cash flows.
- Any increase in interest rates would have an adverse effect on the company's results of operations and will expose the Company to interest rate risks.
- Non-Compliance with, and changes in, safety, health and environmental laws and regulations may adversely affect its business, prospects, financial condition and results of operations.
- The company has not independently verified certain data in this Draft Red Herring Prospectus.
- The requirements of being a listed company may strain its resources.
- Delay in raising funds from the IPO could adversely impact the implementation schedule
- The company's Equity Shares have never been publicly traded, and may experience price and volume fluctuations following the completion of the Offer. Further, the company's Equity Shares may not result in an active or liquid market and the price of the company's Equity Shares may be volatile and you may be unable to resell your Equity Shares at or above the Offer Price or at all..
- Any variation in the utilisation of the Net Proceeds or in the terms of any contract as disclosed in the Draft Red herring Prospectus would be subject to certain compliance requirements, including prior shareholders' approval.
- You will not be able to sell immediately on the Stock Exchange any of the Equity Shares you purchase in the Issue
- There is no guarantee that the Equity Shares will be listed on the NSE Emerge in a timely manner or at all
- The company derives a significant portion of its revenue from exports to China, which exposes the company to risks associated with economic, regulatory and geopolitical developments in China. Any adverse changes in China may have a material adverse impact on its business, financial condition and results of operations.
- The company intends 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 operates in an environmentally sensitive industry and is subject to biosecurity risks at shrimp farms, shrimp hatchery, landing areas, its processing and other facilities and during the transportation of raw and processed shrimp, which could have a material adverse effect on the company's business, financial condition and results of operations.
- The company derives a significant portion of its revenue from domestic sales in India, from shrimp segment, which exposes the company to risks associated with economic, regulatory and market developments in India. Any adverse changes in India may have a material adverse impact on its business, financial condition and results of 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's business is working capital intensive and dependent on external borrowings, and any inability to meet its working capital requirements or service the company's debt obligations may adversely affect its financial condition, cash flows and results of operations.
- The company has certain contingent liabilities, including a material income tax demand, which, if they materialise, may adversely affect its financial condition, cash flows, results of operations and net worth.
- 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 does not have contractual agreements with suppliers for its raw materials, and an increase in the cost of or a shortfall in the availability of shrimp and dried chillies could have an adverse effect on the company's business and results of operations.
- The company's financing agreements impose certain restrictions on its operations, and the company failures to comply with operational and financial covenants may adversely affect its business and financial condition.
- The company has had negative cash flows in the past and may have negative cash flows in the future.
- A significant portion of the company's revenue is generated from its limited number of large customers and if the company is unable to maintain its relationship with such customers or if there is a reduction in their demand for the company's products, its business, results of operations and financial condition will be materially and adversely affected.
- The company's current & proposed manufacturing facilities are currently concentrated in the state of Andhra Pradesh in India. Any significant social, political, economic or seasonal disruption, natural calamities or civil disruptions within the state of Andhra Pradesh could have an adverse effect on the company's business, results of operations, financial condition and cash flow.
- If the company is unable to optimally utilise its existing and proposed processing capacities, the company's business, results of operations and financial condition could be adversely affected.
- Any downgrade of India's sovereign debt rating by domestic or international rating agencies could adversely affect the company's business.
- The company's business is subject to seasonality in the procurement of key raw materials such as shrimps and dried chillies, which may adversely affect its operations, margins and results of operations.
- A significant portion of the company's revenue is derived from the sale of shrimps, and any adverse developments in this segment may have a material adverse effect on its business, financial condition and results of operations.
- Shelf-life constraints and cold chain dependency may adversely impact the company's business.
- The Company commenced manufacturing, grading and processing activities prior to the inclusion of the specific enabling object clause in its Memorandum of Association.
- The orders placed by customers may be delayed, modified or cancelled, which may have an adverse effect on the company's business, financial condition and results of operations.
- The Company will not receive any proceeds from the Offer for Sale portion of the Offer.
- If the company is unable to sustain or effectively manage its growth, the company's business, results of operations and financial condition may be adversely affected.
- Its dried chillies processing facility is not owned by the Company.
- The Company has a highly leveraged capital structure, which exposes it to increased financial risks and may adversely affect the company's business, financial condition and results of operations.
- 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 its business, results of operations and financial condition.
- The company's Promoter, who are also the Selling Shareholders, have subscribed to, and purchased, Equity Shares, at a price which could be below the Offer Price. The average cost of acquisition of Equity Shares by the company's Promoters could also be lower than the Offer Price.
- A substantial portion of the company's current assets comprises trade receivables, and any delay in collection or failures to recover such receivables may adversely affect its cash flows, working capital and profitability.
- The company is unable to trace the original Tax Deduction and Collection Account Number ("TAN") allotment letter.
- The company's financial statements are prepared in accordance with Accounting Standards and involve significant management judgments and estimates.
- The company's success depends upon its ability to attract, train and retain skilled and unskilled manpower while also maintaining low labour costs.
- The company operates in a competitive organised and unorganised industry with low barriers to entry and may be unable to compete with a range of unorganized players.
- Fraud or misconduct by the company's employees could adversely affect its reputation, business, results of operations and financial condition.
- The company operations are labour intensive and its manufacturing operations may be subject to unionization, work stoppages or increased labour costs, which could adversely affect the company's business and results of operations.
- The company is dependent on information technology systems in carrying out the company's business activities and it forms an integral part of its business. Further, if the company is unable to adapt to technological changes and successfully implement new technologies or if the company faces failures of its information technology systems, the company may not be able to compete effectively which may result in higher costs and would adversely affect its business and results of operations.
- The company's ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
- There have been certain delays in payment of statutory dues in the past. Any delay in payment of statutory dues in future, may result in the imposition of penalties and in return may have an adverse effect on the company's business, financial condition and results of operations.
- The company requires a number of approvals, licenses, registration and permits for its business and failures to obtain or renew them in a timely manner may adversely affect the company operations.
- The company is dependent upon the experience and skill of its Promoters, Key Managerial Personnel and Senior Management for conducting the company's business and undertaking its day to day operations. The loss of or the company's inability to retain, such persons could materially and adversely affect its business performance.
- The company's Directors does not have any prior experience of being a director in any other listed company in India and this may present certain potential challenges for the Company and in the event of any material non-compliance where its Directors are held liable and responsible, the company may have to appoint new directors.
- The company's insurance coverage may not be adequate or its may incur uninsured losses or losses in excess of the company's insurance coverage which a materially and adversely affect its business, financial condition, cash flows and results of operations.
- There are certain delays in the secretarial filings which may be subject to regulatory actions and penalties.
- Third party industry and statistical information in this Red Herring Prospectus may be incomplete or unreliable.
- The Company has undertaken an issuance of bonus Equity Shares in the past. However, its cannot assure you that the Company will be able to undertake an issuance of bonus Equity Shares in the future.
- The Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
- The company has availed unsecured loans that may be recalled at any time.
- The company's Promoters and members of its Promoter Group will be able to exercise significant influence and control over the company after the Offer and may have interests that are different from or conflict with those of its other shareholders.
- The Company's future funding requirements, in the form of further issue of capital or other securities and/or loans taken by the company, may turn out to be prejudicial to the interest of the shareholders depending upon the terms and conditions on which they are raised.
- The Company has issued specified securities during the preceding twelve months from the date of the Red Herring Prospectus at a price which is lower than the Offer Price.
- Significant differences exist between Indian GAAP and other accounting principles, such as Ind AS, IFRS and U.S.GAAP, which may be material to investors assessments of the company's financial condition, result of operations and cash flows.
- Any increase in interest rates would have an adverse effect on its results of operations and will expose the Company to interest rate risks.
- Non-Compliance with, and changes in, safety, health and environmental laws and regulations may adversely affect the company's business, prospects, financial condition and results of operations.
- The company has not independently verified certain data in this Red Herring Prospectus.
- The requirements of being a listed company may strain its resources.
- Delay in raising funds from the IPO could adversely impact the implementation schedule.
- The company's Equity Shares have never been publicly traded, and may experience price and volume fluctuations following the completion of the Offer. Further, the company's Equity Shares may not result in an active or liquid market and the price of its Equity Shares may be volatile and you may be unable to resell your Equity Shares at or above the Offer Price or at all.
- Any variation in the utilisation of the Net Proceeds or in the terms of any contract as disclosed in the Red herring Prospectus would be subject to certain compliance requirements, including prior shareholders approval.
- You will not be able to sell immediately on the Stock Exchange any of the Equity Shares you purchase in the Issue.
- There is no guarantee that the Equity Shares will be listed on the NSE Emerge in a timely manner or at all.
The Issue type of Green Asia Impex Ltd is Book Building - SME.
The minimum application for shares of Green Asia Impex Ltd is 3200.
The total shares issue of Green Asia Impex Ltd is 6667200.
Initial public offering of 66,67,200 equity shares of face value of Rs. 10 each ("Equity Shares") of the company for cash at a price of Rs. 89 per equity share (including a share premium
of Rs. 79 per equity share) ("Offer Price") aggregating up to Rs. 59.34 Crores (the "Offer") comprising a fresh issue of 58,94,400 equity shares of face value Rs. 10 each aggregating up to Rs. 52.46 Crores by the company (the "Fresh Issue") and offer for sale of 7,72,800 equity shares (the "Offered Shares") aggregating up to Rs. 6.88 Crores comprising offer for sale of 4,09,600 equity shares by Pasupuleti Venkata Ramarao aggregating to Rs. 3.65 Crores and 3,63,200 equity shares by Pasupuleti Meenakshi aggregating to Rs. 3.23 Crores (collectively
"Promoter Selling Shareholders", and such equity shares offered by the promoter selling shareholders, the "Offered Shares") (such offer for sale by promoter selling shareholders, the "Offer for Sale" and together with the fresh issue, "The Offer"). The offer will constitute 31.22% of the post paid up equity share capital of the company. The offer includes up to 3,36,000 equity shares of face value of Rs. 10 each at an offer price of Rs. 89 per equity share for cash, aggregating Rs. 2.99 Crores was reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The offer less market maker reservation portion i.e. Offer of 63,31,200 equity shares of face value of Rs. 10 each, at an offer price of Rs. 89 per equity share for cash, aggregating up to Rs. 56.35 Crores is hereinafter refered to as the "Net Offer". The offer and net offer will constitute 31.22% and 29.65% respectively of the post issue paid up capital of the company.
The company, in consultation with the brlm, may consider a pre-ipo placement aggregating up to Rs.13.00 crores, prior to filing of the roc. The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlm. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the offer, subject to compliance with Rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the offer. prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchange. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken).
Price Band: Rs. 89/- per equity share of face value Rs. 10/- each.
The floor price is 8.9 times of the face value of the equity shares.
Bids can be made for a minimum of 3,200 equity shares and in multiples of 1,600 equity shares thereafter.