2 hrs ago
Green Asia Impex Cuts IPO Band, Extends Subscription Deadline
Green Asia Impex is a company that processes and sells seafood and dried chillies.
It wants to raise money by selling shares to the public.
The company lowered the share price range to Rs 84-Rs 89.
It also gave investors more time to apply, until October 1, 2026.
The total offering could raise about Rs 59.34 crore.
Some of the money will be used to build and equip a new seafood processing facility.
The company exports its products to seven countries.
Its revenue and profit increased in FY26 compared with the previous year.
Green Asia Impex revised its IPO price band to Rs 84-Rs 89 per share.
The subscription deadline has been extended to October 1, 2026, from the issue’s September 24 opening.
At the revised upper band, the fresh issue is valued at Rs 52.46 crore and the offer for sale at Rs 6.88 crore.
Proceeds will help fund a proposed seafood processing facility, including plant, machinery and equipment.
The company processes and exports frozen shrimp and dried chillies, with FY26 revenue rising to Rs 383.80 crore.
- Who
- Green Asia Impex Limited, an agri-processing and export company.
- What
- The company revised its IPO price band to Rs 84-Rs 89 per share and extended the subscription deadline.
- Where
- The shares are proposed to be listed on the NSE Emerge platform; the company is based in Mumbai according to the report.
- When
- The IPO opened on September 24, and the revised closing date is October 1, 2026.
- Why
- The IPO proceeds will fund capital expenditure for a proposed seafood processing facility, as well as general corporate purposes and issue expenses.
Key facts
- IPO price band
- Rs 84-Rs 89 per equity share
- Subscription period
- Opened September 24; extended to October 1, 2026
- Total issue size
- Approximately Rs 59.34 crore
- Fresh issue
- Rs 52.46 crore at the revised upper price band
- Offer for sale
- Rs 6.88 crore
- Lot size
- 1,600 shares; minimum bid of 3,200 shares
- FY26 revenue and profit
- Revenue of Rs 383.80 crore and profit after tax of Rs 15.61 crore
Sources
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