Green Asia Impex Revises IPO Price Band, Issue Closing Extended To October 1

Mumbai - Green Asia Impex Limited has adjusted its IPO price range and extended the subscription deadline. The agri-processing and export firm's shares will now be offered between Rs 84 and Rs 89 per share, up from the initial band of Rs 80-Rs 85. The subscription period has been extended to October 1, 2026, from its original end date of September 27.

The IPO, set to be listed on the NSE Emerge platform, has an issue size of approximately Rs 59.34 crore. The revised upper price band of Rs 89 would value the fresh issue at Rs 52.46 crore, while the offer for sale amounts to Rs 6.88 crore. Investors must purchase a minimum of 3,200 shares, with subsequent purchases available in increments of 1,600 shares.

Up to 30 percent of the offer is allocated for qualified institutional buyers, with the remaining 70 percent divided equally between non-institutional and retail investors. The company plans to utilize the funds raised to finance capital expenditure for a proposed seafood processing plant, as well as for general corporate expenses.

Green Asia Impex specializes in processing and exporting frozen shrimps and dried chillies to markets in China, Kuwait, the US, Malaysia, the UK, Vietnam, and Thailand. The firm has received recognition as a Two Star Export House by the Directorate General of Foreign Trade.