Green Asia Impex Limited raises ₹5.17 crore in September

Green Asia Impex raised ₹5.17 crore through a September 2026 equity allotment of 6,71,045 shares at ₹77 each, while ₹40.03 crore of net fresh-issue proceeds from its SME initial public offering reached its operating account on October 9, 2026. The later IPO receipt was outside the September 30 half-year balance sheet.

How much did Green Asia Impex raise in September 2026?

Green Asia Impex raised ₹5.17 crore in September 2026 by allotting 6,71,045 equity shares at ₹77 each. The issue price comprised ₹10 face value and ₹67 securities premium per share, and the filing says the full infusion was reflected in the balance sheet as at September 30, 2026.

The allotment added ₹67.10 lakh to share capital and ₹4.50 crore to securities premium. The April 2026 to September 2026 cash-flow statement records the same ₹67.10 lakh of equity-share capital proceeds and ₹4.50 crore of securities-premium proceeds, while the reviewed April 2025 to September 2025 period recorded no comparable proceeds under either line item.

What did Green Asia Impex's SME IPO add after September?

Green Asia Impex's small and medium enterprises, or SME, initial public offering, or IPO, had a total issue size of ₹59.34 crore, comprising a ₹52.46 crore fresh issue and a ₹6.88 crore offer for sale, or OFS. The IPO opened on September 24, 2026, closed on October 1, 2026, and listed on the SME Exchange on October 7, 2026, at ₹89 per share.

The IPO listing price of ₹89 comprised ₹10 face value and ₹79 securities premium per share. The fresh issue covered 58,94,400 equity shares and the OFS covered 7,72,800 equity shares, according to the September 30, 2026 notes to accounts.

Green Asia Impex received ₹40.03 crore of net fresh-issue proceeds in its operating current account on October 9, 2026. IPO applications were consolidated in an escrow account on October 1, after the September 30 reporting date, and the filing identifies merchant banker fees, underwriting fees, general corporate purposes, and OFS settlements among the deductions made before the net amount was credited.

The ₹6.88 crore OFS formed part of the ₹59.34 crore total issue but was not described as fresh capital received by Green Asia Impex. The company classified the October 9 credit as a subsequent event and reported nil deviation or variation status under Regulation 32 for H1 FY27, separating it from the September equity infusion.

How did the September allotment affect Green Asia Impex's balance sheet?

Green Asia Impex reported share capital of ₹15.46 crore at September 30, 2026, compared with ₹14.79 crore at March 31, 2026. Reserves and surplus rose to ₹41.52 crore from ₹26.64 crore, taking shareholder funds to ₹56.98 crore from ₹41.43 crore over the six-month period.

Total assets increased to ₹285.33 crore at September 30, 2026, from ₹254.88 crore at March 31, 2026. Trade receivables rose to ₹122.92 crore from ₹97.35 crore, while inventories declined to ₹116.61 crore from ₹117.61 crore and cash and cash equivalents fell to ₹21.34 lakh from ₹52.65 lakh.

Long-term borrowings rose to ₹19.21 crore from ₹7.66 crore during the period, whereas short-term borrowings edged down to ₹91.59 crore from ₹91.81 crore. Current liabilities totalled ₹207.97 crore at September 30, compared with ₹204.86 crore at March 31, and these balances do not include the ₹40.03 crore October 9 IPO credit.

What were Green Asia Impex's H1 FY27 financial results?

Green Asia Impex reported revenue from operations of ₹227.66 crore for April 2026 to September 2026, up from ₹179.57 crore in April 2025 to September 2025. Total income rose to ₹228.86 crore from ₹181.35 crore, while profit before tax increased to ₹14.00 crore from ₹10.25 crore.

Profit after tax was ₹10.38 crore for April 2026 to September 2026, compared with ₹7.56 crore in the corresponding previous period. Basic and diluted earnings per share were ₹6.96, against ₹5.11 a year earlier, and the filing states that earnings per share for the half-year period were not annualised.

Purchases increased to ₹192.84 crore from ₹158.58 crore, while finance costs rose to ₹5.57 crore from ₹3.54 crore. Total expenses were ₹214.86 crore in the 2026 half-year, compared with ₹171.11 crore in the comparable 2025 half-year.

Operating cash flow moved to an outflow of ₹10.79 crore in April 2026 to September 2026 from an inflow of ₹7.53 crore in April 2025 to September 2025. The cash-flow statement shows a ₹25.53 crore increase in trade receivables and a ₹5.59 crore increase in short-term loans and advances, while financing activities generated ₹10.93 crore, including the September equity proceeds and ₹11.55 crore of borrowing proceeds.

What review status did Green Asia Impex report for H1 FY27?

Green Asia Impex said its unaudited half-yearly results were approved by its board on November 12, 2026, after review and recommendation by the audit committee. The statements were prepared under Non-Ind AS Accounting Standards notified under Section 133 of the Companies Act, 2013.

The statutory auditors conducted a limited review and expressed an unmodified opinion on the financial results. The notes to accounts state that the review had zero qualifications or adverse remarks, consistent with the interim listing norms cited for SME entities.

Conclusion

The September allotment brought ₹5.17 crore into Green Asia Impex before the company received its post-period IPO funds, contributing to shareholder funds of ₹56.98 crore at September 30, 2026. The ₹59.34 crore IPO combined a ₹52.46 crore fresh issue with a ₹6.88 crore OFS, but only ₹40.03 crore of net fresh-issue proceeds was credited to the company on October 9, 2026.

The next disclosure to watch is how Green Asia Impex reports the use of the ₹40.03 crore credited after the reporting date. The September filing classifies the receipt as a subsequent event with nil deviation or variation for H1 FY27, while identifying deductions for merchant banker fees, underwriting fees, general corporate purposes, and OFS settlements without providing a later use-of-proceeds update or deployment timetable.