1 hr ago
Green Asia Impex Opens ₹60.10 Crore Seafood Processing IPO
Green Asia Impex is a company that sells shrimp and dry chillies.
It plans to raise ₹60.10 crore by selling shares to the public.
The IPO will be open from 24 September to 28 September.
Each share will cost between ₹85 and ₹90.
Investors must buy at least 3,200 shares, requiring ₹2.88 lakh at the highest price.
Most of the new money will help build a seafood processing facility.
The facility will include new plant, machinery and equipment.
The company sells products to markets including China, the United States, Southeast Asia, the Middle East and the United Kingdom.
Its shares are proposed to be listed on NSE Emerge.
Green Asia Impex’s ₹60.10 crore IPO will open on 24 September and close on 28 September.
The price band is ₹85–₹90 per share, with a minimum application of 3,200 shares costing ₹2.88 lakh at the upper band.
The offer includes a ₹53.10 crore fresh issue and a ₹7 crore offer for sale.
Fresh-issue proceeds will fund plant, machinery and equipment for a proposed seafood processing facility, plus general corporate purposes.
The company processes and sells shrimp and dry chillies in India and overseas and plans to list on NSE Emerge.
- Who
- Green Asia Impex, a shrimp and dry-chilli processor and exporter.
- What
- The company is launching a ₹60.10 crore initial public offering.
- Where
- The shares are proposed to be listed on NSE Emerge.
- When
- The IPO opens on 24 September and closes on 28 September.
- Why
- The company aims to finance a proposed seafood processing facility, including plant, machinery and equipment, and support general corporate purposes.
Key facts
- Issue size
- ₹60.10 crore at the upper price band
- Price band
- ₹85–₹90 per share
- Minimum application
- 3,200 shares, or ₹2.88 lakh at ₹90 per share
- Fresh issue
- ₹53.10 crore
- Offer for sale
- ₹7 crore
- Investor allocation
- Up to 30% for qualified institutional buyers; at least 35% each for non-institutional and retail investors
- Lead manager and registrar
- Indorient Financial Services and Bigshare Services
Sources
Related news
NSE Sets ₹1,700–₹1,785 Price Band for September IPO
Maharaja & Speedex India IPO Opens September 10
Lumino Industries IPO Opens August 27: Key Details for Bidders
NSE IPO Opens With ₹14,280 Minimum Retail Investment
Steamhouse India Sets ₹414-Crore IPO Price Band at ₹77–81
Varmora Granito Sets ₹708-Crore IPO For September 22
Trump-Xi Meeting Tests Fragile US-China Trade and Technology Truce
Trump-Xi Meeting Puts Trade Truce and Markets in Focus
China’s Iran Oil Ties Complicate Trump’s Sanctions Strategy
Trump-Xi Talks Put AI and Chips at Center
