Shree Metalloys Ltd. Share Price

Pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015 (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force) and with reference to Circulars issued by BSE vide Circular No. LIST/COMP/01/2019-20, SVA India has informed that the trading window for dealing in the securities/shares of the company will remain closed for Insiders, Designated Persons and their immediate relatives with effect from Thursday, 01st October, 2026, till the completion of 48 hours after the declaration of the Unaudited Financial Results of the Company for the Second quarter and half year ending September 30, 2026. Accordingly, all Directors, KMP’s, Designated Persons and their immediate relatives and other connected persons of the Company have been advised not to trade in the securities of the Company during the aforesaid period of closure of trading window. The date of meeting of Board of Directors to consider and approve unaudited Financial Results of the Company for the Second quarter and half year ending September 30, 2026 will be informed in due course.

The above information is a part of company’s filings submitted to BSE.

Green Asia Impex

• Green Asia Impex is coming out with an initial public offering (IPO) of 70,57,600 shares in a price band of Rs 85 - 90 per equity share.
• The issue will open for subscription on September 24, 2026 and will close on September 28, 2026.
• The shares will be listed on SME Platform of NSE.
• The face value of the share is Rs 10 and is priced 8.50 times of its face value on the lower side and 9.00 times on the higher side.
• Book running lead manager to the issue is Indorient Financial Services.
• Compliance officer for the issue is Ganta Aswani Raju.

Profile of the company

Green Asia Impex is engaged in the sourcing, processing and export of frozen seafood and agri-commodities, with a focus on frozen shrimps and dried chillies. The company was incorporated in 2014 and is headquartered in Tadepalligudem, Andhra Pradesh, India. It supplies its products to business-to-business (B2B) customers, including importers, distributors and food processing entities, in domestic and international markets. The company is recognized as a Two Star Export House by the Directorate General of Foreign Trade, Ministry of Commerce & Industry, Government of India. Its customers comprise importers, distributors and food processing entities operating across multiple geographies and business segments. It serves a diversified customer base and does not maintain a formal classification of its customers based on such categories within its accounting or internal reporting systems. It exports its products in compliance with applicable food safety, and regulatory requirements prescribed by importing countries and customers and holds certifications required for such exports, as applicable. 

Its business model is based on procurement of raw materials, processing and quality control through company-operated or third-party licensed processing facilities, as applicable, and export of finished products in accordance with customer specifications. Prior to setting up its own processing facility on January-2023, the company used third-party processing facilities. In the shrimp segment, it processes and exports 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 trades and exports products, including whole dried chillies and stemless chillies. Its product portfolio includes Indian varieties such as Teja, Guntur sannam, Bydagi, and other regional variants, which are traded in domestic and international markets based on their quality, heat, and colour characteristics. 

Shrimps and dried chillies are available throughout the year, although their availability varies during different periods. The peak season for shrimps generally extends from October to July, when availability is relatively higher, while availability remains moderate during August and September. Similarly, the peak season for dried chillies generally extends from January to April, with moderate availability from May to December. The presence of both shrimp and chilli products enables it to diversify its procurement and processing activities across different periods of the year, which helps mitigate seasonality-related risks to an extent. It operates a shrimp processing facility located at Unguturu, Tadepalligudem, Andhra Pradesh, with a built-up area of around 1,838.76 sqm. The facility follows semi-automated processing, supported by manual operations and mechanised equipment, with quality checks conducted at various stages of processing.

Proceed is being used for:

• Funding the capital expenditure for setting up the proposed seafood processing facility including purchase and installation of plant, machinery & equipment.
• General corporate purposes.

Industry overview

India is one of the leading exporters of red chilies globally, with a diversified export portfolio across several key international markets. As per recent export data, China stands as the largest destination, accounting for around 35.4% of the total export value and 186.56 thousand tons in volume. Other prominent export destinations include Thailand (10.6%), the United States of America (10.2%), Bangladesh (9.7%), and Sri Lanka (6.1%), collectively representing a significant share of India’s total chili exports. This widespread geographical distribution highlights the robust demand for Indian red chilies and underscores the country’s strategic position in the global spice trade. 

Meanwhile, India’s shrimp industry continues to be dominated by Vannamei shrimp, which accounted for 80% of the total market value in FY25, translating to Rs 656.3 hundred crore. Despite a slight decline in its share to 76% by FY30, Vannamei will remain the dominating variety, reaching a projected sales value of Rs 975.8 hundred crore. The variety is expected to grow at a CAGR of 8.3% during FY25-30, backed by its high yield, disease resistance, and global preference. Notably, Black Tiger shrimp category is anticipated grow from 14% in FY25 (Rs 114.9 hundred crore) to 17.1% in FY30 (Rs 219.6 hundred crore). With a CAGR of 13.8%, this growth reflects renewed market demand for premium varieties, especially in Japan and parts of the EU, coupled with higher farm-gate prices. Scampi, while holding a smaller share, is projected to exhibit the fastest growth among all segments, with a CAGR of 17.0%, driven by its niche appeal and premium positioning in select markets. Indian White Shrimp and Wild Marine Shrimp are expected to grow at 9.4% and 7.1% CAGR, respectively, maintaining a relatively stable market presence. Their growth is likely to be shaped by demand for indigenous and naturally sourced varieties.

The processed shrimps market in India is witnessing a gradual shift towards more value-added and consumer-friendly formats, with peeled shrimp emerging as the dominant product category. Holding a largest share of 56.1% in FY25, peeled shrimp is expected to further consolidate its position, reaching 59.0% by FY30, backed by a robust CAGR of 10.5%. The category’s value is projected to rise significantly from Rs 460.3 hundred crore in FY25 to Rs 757.6 hundred crore by FY30, primarily driven by growing international demand, particularly from the US, Japan, and European markets. The rise in modern processing infrastructure, such as Individual Quick Freezing (IQF) and auto-grading facilities in Andhra Pradesh, Odisha, and Gujarat, has further bolstered the appeal of peeled shrimps. Overall, the processed shrimp segment is shifting towards more consumer-ready and premium product types, with peeled and value-added shrimp leading the charge. Stakeholders looking to enter or expand in the Indian shrimp ecosystem should focus on scaling peeled shrimp exports, investing in processing innovation, and tapping into premium urban demand.

Pros and strengths

Export-grade processing facilities compliant with global standards: The company operates export-oriented processing facilities designed to meet quality, food safety, and regulatory requirements applicable to international markets. The facilities are equipped with processing and handling infrastructure, including grading machines, plate freezers, IQF hardeners, and cold storage units, which support processing of frozen shrimps and dried chillies in accordance with customer specifications. It holds applicable licences, registrations, approvals and certifications, including HACCP certification, ISO 22000 certification, FSSAI licence/registration and FDA registration, as applicable. These certifications are subject to periodic audits and renewals in accordance with the requirements of the respective certifying authorities. 

Trader-cum-commission agent network supporting procurement: It has established relationships with trader-cum-commission agents operating in Agricultural Market Committee markets for procurement of shrimps and dried chillies. These relationships support access to raw materials based on its procurement requirements, including during periods of higher demand and seasonal variations in availability. Its procurement network enables it to source raw materials from multiple suppliers and supports continuity of supply for its processing operations. Raw materials procured through such trader-cum-commission agents are subject to its quality checks and procurement specifications before acceptance, which assists it in maintaining product quality and meeting applicable customer and regulatory requirements.

Diversified product portfolio catering to global markets: In shrimps, it processes and exports a wide range of varieties such as Vannamei, Black Tiger, and Freshwater shrimps, offered in formats like Head-On Shell-On (HOSO), Headless Shell-On (HLSO), and Peeled & Deveined (PD). In chillies, it focuses on varieties such as Teja, Bydagi, and Guntur sourced from regions in Andhra Pradesh through its procurement network. This diversified product portfolio enables it to serve multiple geographies, address diverse customer preferences, and reduce dependence on a single product or market. 

Risks and concerns

High concentration of revenue from customers in China: Its business operations span various countries; however, a significant portion of its revenue, from both shrimps and dried chillies is derived from customers located in China. In Fiscal 2026, sales to customers in China aggregated Rs 12,009.32 lakh, representing 31.29% of its revenue from operations. The proportion of its dried chillies revenue derived from China declined from 87.41% in Fiscal 2025 to 32.74% in Fiscal 2026, and there can be no assurance that its exposure to China will not increase again in future periods. Any adverse changes in China may have a material adverse impact on its business, financial condition and results of operations.

Business is working capital intensive: Its business operations require significant working capital, particularly for procurement of raw materials, payment of taxes and duties levied by statutory authorities, offering extended credit terms to customers and adherence to relatively stringent credit terms from suppliers. Its working capital requirements have been funded through a combination of internal accruals and external borrowings. It relies on cash flows from operations and borrowings to meet these requirements and to service its existing debt obligations, including repayment of principal and payment of interest. It cannot assure that its bankers will continue to extend credit facilities on existing terms or at all. Any tightening of credit policies, imposition of additional conditions or restrictive covenants, increase in interest rates, or withdrawal of existing facilities may lead to higher financing costs or reduced access to funds. Further, its borrowings expose it to interest rate risk, and any increase in interest rates may significantly increase its finance costs and adversely impact its profitability.

Stringent product quality and compliance requirements: Its customers have high standards for product quality and delivery schedules. Adherence to quality standards is a critical factor as a defect in processed shrimp production may lead to cancellation of supply orders or non-renewal of arrangements by its customers. Further, as part of the private label business model, it is required to process its products as per customer specifications. It is subject to strict quality requirements, customer inspections, inspections and certification by Indian and foreign regulatory authorities and any failure to comply with quality standards according to its customers' requirements could result in the cancellation or non-renewal of purchase orders that may have an adverse impact on its business, financial condition, results of operations and prospects. Further, there is a risk that Indian and foreign regulatory authorities may impose additional quality standard requirements, which may result in increased costs for it in order to comply with these additional requirements. 

Outlook

Green Asia Impex is engaged in processing and export of marine food products, primarily shrimp and trading of agricultural commodities primarily chillies. It has established dedicated in-house Quality Assurance (QA) and Quality Control (QC) teams that monitor every stage of shrimp and chilli processing, from procurement of raw materials to the final finished product. Its laboratory is equipped with modern testing equipment for physical, chemical, and microbiological analysis. On the concern side, it 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 its business, financial condition and results of operations.

The company is coming out with a maiden IPO of 70,57,600 equity shares of face value of Rs 10 each. The issue has been offered in a price band of Rs 85-90 per equity share. The aggregate size of the offer is around Rs 59.99 crore to Rs 63.52 crore based on lower and upper price band respectively. On performance front, revenue from operations increased 13.68% from Rs 33,762.21 lakh in Fiscal 2025 to Rs 38,380.39 lakh in Fiscal 2026. Profit for the year increased 50.80% from Rs 1,035.20 lakh in Fiscal 2025 to Rs 1,561.12 lakh in Fiscal 2026.

Meanwhile, in order to address future growth requirements and enhance operational flexibility, the company proposes to establish an additional shrimp processing unit at Chinnayagudem Village, Andhra Pradesh. The proposed facility is expected to increase shrimp processing capacity from the existing level of around 10,800 metric tonnes per annum (three shift basis) to around 21,900 metric tonnes per annum. Going forward, it aims to enhance value addition in its shrimp processing operations by diversifying product formats and improving packaging, in line with customer requirements and prevailing market practices. In the shrimp segment, it proposes to expand beyond conventional frozen formats such as Head-On Shell-On (HOSO) and Headless Shell-On (HLSO), and evaluate the introduction of products such as semi-cooked, individually quick frozen (IQF), portion-controlled, ready-to-cook shrimp. These products are proposed to be offered primarily to existing and prospective customers, including food service distributors, retail chains, and private label customers, subject to market demand and regulatory approvals.