The Essex Marine IPO is set at a fixed price of ₹23.01 crores. This issue consists entirely of a new offering of 42.62 lakh shares.
The subscription period for the Essex Marine IPO commences on August 4, 2025, and concludes on August 6, 2025. The allotment for this IPO is anticipated to be finalized on Thursday, August 7, 2025. Furthermore, the Essex Marine IPO is scheduled to be listed on BSE SME, with a provisional listing date established as Monday, August 11, 2025.
The price per share for the Essex Marine IPO is ₹54. The application lot size is 2,000 shares. Consequently, the minimum investment amount required from an individual retail investor is ₹2,16,000, which corresponds to 4,000 shares. For high net worth individuals (HNI), the minimum investment is 3 lots (6,000 shares), totaling ₹3,24,000.
Khandwala Securities Limited serves as the book-running lead manager for the Essex Marine IPO, while Skyline Financial Services Private Ltd acts as the registrar for this issue.
For comprehensive details, please refer to the Essex Marine IPO DRHP.
Essex Marine IPO Details
| IPO Date | August 4, 2025 to August 6, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 42,62,000 shares (aggregating up to ₹23.01 Cr) |
| Reserved for Market Maker | 2,14,000 shares (aggregating up to ₹1.16 Cr) |
| Net Offered to Public | 40,48,000 shares (aggregating up to ₹21.86 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,10,00,000 shares |
| Share Holding Post Issue | 1,52,62,000 shares |
Essex Marine IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| NII Shares Offered | 50% of the Net Issue |
Essex Marine IPO Timeline (Tentative Schedule)
Essex Marine IPO opens on August 4, 2025, and closes on August 6, 2025.
| IPO Open Date | Mon, Aug 4, 2025 |
| IPO Close Date | Wed, Aug 6, 2025 |
| Tentative Allotment | Thu, Aug 7, 2025 |
| Initiation of Refunds | Fri, Aug 8, 2025 |
| Credit of Shares to Demat | Fri, Aug 8, 2025 |
| Tentative Listing Date | Mon, Aug 11, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 6, 2025 |
Essex Marine IPO Lot Size
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,16,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,16,000 |
| HNI (Min) | 3 | 6,000 | ₹3,24,000 |
Essex Marine IPO Promoter Holding
Debashish Sen and Kajari Sen are the promoters of the company.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 72.08% |
Company Financials
Essex Marine Limited Financial Information (Restated)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 49.75 | 34.26 | 40.99 | 43.89 |
| Revenue | 29.86 | 21.11 | 23.59 | 63.01 |
| Profit After Tax | 4.1 | 1.82 | 2.03 | 1.73 |
| Net Worth | 17.11 | 13.01 | 11.19 | 9.16 |
| Reserves and Surplus | 11.61 | 7.51 | 5.69 | 3.66 |
| Total Borrowing | 20.91 | 16.08 | 19.34 | 26.52 |
| Amount in ₹ Crore | ||||
Key Performance Indicator (KPI)
The market capitalization of Essex Marine IPO is ₹82.41 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 15.06% |
| ROCE | 14.40% |
| Debt/Equity | 2.97 |
| RoNW | 14.01% |
| PAT Margin | 9.52% |
| Price to Book Value | 4.56 |
About Essex Marine Ltd.
Founded in 2009, Essex Marine Limited specializes in seafood processing and exporting.
The company is involved in the procurement, processing, storage, and export of high-quality fish and aquaculture products, which include ribbon fish, eel fish, marine fish, squid, and mackerel, to various countries such as China, Belgium, and Japan.
Their processing facility, located in Midnapur, West Bengal, is outfitted with state-of-the-art machinery, including IQF with Glazer and Hardener, plate freezers, blast freezers, and cold storage chambers, all in compliance with international standards such as HACCP, GMP, SSOP, FSSAI, and BRC.
Essex Marine operates throughout the frozen fish and shrimp supply chain, sourcing from the eastern coast of India, processing, and exporting products to global clients.
The company’s advanced processing facility is situated in Shankarpur, near Digha, a prominent landing center in Purba Medinipur, West Bengal, an area recognized for its significant Vannamei aquaculture production.
Product Portfolio:
- Marine fish
- Marine shrimp
- Aquaculture vannamei shrimp
As of December 31, 2024, the company employs 91 individuals.
Competitive Strengths:
- Strategic location of the processing unit
- Geographical presence
- Quality Assurance and Quality Control of the products
- Strong, cordial, and long-term relationships with customers
- Cost-effective production and timely fulfillment of orders
- Well-experienced management team