Fixed Price IPO | ₹23 Cr | Listed at BSE SME | Mon, Aug 4, 2025 - Wed, Aug 6, 2025
Essex Marine IPO is a fixed price issue of ₹23.01 crores. The issue is entirely a fresh issue of 0.43 crore shares of ₹23.01 crore.
Essex Marine IPO bidding started from Aug 4, 2025 and ended on Aug 6, 2025. The allotment for Essex Marine IPO was finalized on Aug 7, 2025. The shares got listed on BSE SME on Aug 11, 2025.
Essex Marine IPO price is ₹54 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,16,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,24,000.
Khandwala Securities Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Essex Marine IPO DRHP for detailed Information.
IPO Open
Mon, Aug 4, 2025
IPO Close
Wed, Aug 6, 2025
Issue Price
₹54 per share
Market Cap (Pre-IPO)
₹82.41 Cr
| IPO Date | 4 to 6 Aug, 2025 |
| Listed on | Mon, Aug 11, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 42,62,000 shares (agg. up to ₹23 Cr) |
| Reserved for Market Maker | 2,14,000 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 40,48,000 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 40,48,000 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 1,10,00,000 shares |
| Share Holding Post Issue | 1,52,62,000 shares |
| BSE Script Code | 544475 |
| ISIN | INE1IBY01019 |
Essex Marine IPO comprises a total issue size of 42,62,000 shares. The net offer to the public is 40,48,000 shares, after excluding 2,14,000 shares allotted on a firm basis. Of the Net offer 20,24,000 (50.00%) allocated to NII 20,24,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 20,24,000 | 50.00% | 47.49% |
| Retail Shares Offered | 20,24,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,14,000 | 5.02% | |
| Total Shares Offered | 42,62,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| 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 |
Incorporated in 2009, Essex Marine Limited is a seafood processing and exporting company.
The company procures, processes, stores, and exports quality fish and aquaculture products, including ribbon fish, eel fish, marine fish, squid, and mackerel, to countries like China, Belgium, and Japan.
Their processing facility in Midnapur, West Bengal, is equipped with modern machinery such as IQF with Glazer and Hardener, plate freezers, blast freezers, and cold storage chambers, adhering to international standards like HACCP, GMP, SSOP, FSSAI, and BRC.
The company operates across the frozen fish and shrimp supply chain, sourcing from India’s eastern coast, processing, and exporting products to international customers.
The company’s modern processing facility is located at Shankarpur, near Digha, a major landing center in Purba Medinipur, West Bengal an area known for high Vannamei aquaculture production.
Product Portfolio:
As on December 31, 2024, the Company has 91 employees on payroll.
Competitive Strengths:
Essex Marine Ltd.'s revenue increased by 89% and profit after tax (PAT) rose by 156% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 49.09 | 34.26 | 40.99 |
| Total Income | 39.93 | 21.11 | 23.59 |
| Profit After Tax | 4.67 | 1.82 | 2.03 |
| EBITDA | 9.44 | 4.99 | 6.01 |
| NET Worth | 17.68 | 13.01 | 11.19 |
| Reserves and Surplus | 6.68 | 7.51 | 5.69 |
| Total Borrowing | 23.90 | 16.08 | 19.34 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of existing peeling capacity at existing processing unit at Shankarpur Road, Kaluya Sanda, Kuliyata, West Bengal 721441 | 2.48 |
| 2 | Setting up of “Ready-to-Cook” Section by adding blanching in the existing process at the existing processing unit at Shankarpur Road, Kaluya Sanda, Kuliyata, West Bengal 721441 | 0.78 |
| 3 | Funding of working capital requirements of the Company | 6.00 |
| 4 | Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company | 7.15 |
| 5 | General corporate purposes | 3.43 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 30.40% |
| ROCE | 18.87% |
| Debt/Equity | 2.40 |
| RoNW | 26.39% |
| PAT Margin | 12.53% |
| EBITDA Margin | 25.35% |
| Price to Book Value | 3.36 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.24 | 3.06 |
| P/E (x) | 12.73 | 17.67 |
| Promoter Holding | 99.99% | 72.08% |
| Market Cap | ₹82.41 Cr. |
The Essex Marine IPO is subscribed 2.70 times on August 6, 2025 3:14:36 PM (Day 3). The public issue subscribed 4.58 times in the individual investors category, [.] times in the QIB category, and 0.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 0.82 | 20,24,000 | 16,50,000 | 0 |
| Individual Investors | 4.58 | 20,24,000 | 92,68,000 | 0 |
| Total | 2.70 | 40,48,000 | 1,09,30,000 | 2,557 |
Total Application : 2,557
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the LM | 0.99 |
| 2 | Fees payable to the Underwriter (including underwriting commission, brokerage and selling commission) | 0.23 |
| 3 | Selling Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer and fee payable to the Sponsor Bank for Applications made by RIIs. Brokerage, underwriting commission and selling commission and applying charges for Members of the Syndicate, Registered Brokers, CRTAs and CDPs | 1.61 |
| 4 | Fees payable to the Registrar of the Offer | 0.02 |
| 5 | Fees payable to the other advisors to the Offer/ Company | |
| 6 | Fees payable to other professional like fees payable to professional providing expert opinion on financial statements, chartered engineers, practicing company secretary | |
| 7 | Listing fees, SEBI fees, Stock Exchange processing fees, ASBA software fees, and other regulatory expenses | 0.10 |
| 8 | Printing and distribution of Offer Stationery | 0.02 |
| 9 | Advertising and Marketing Expenses | 0.12 |
| 10 | Fees payable to the Legal Advisor to the Offer | 0.05 |
| 11 | Miscellaneous | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹43.20 |
| Low | ₹41.04 |
| High | ₹43.20 |
| Last Trade | ₹41.04 |
Lead Manager Reports
Essex Marine IPO is a SME IPO of 42,62,000 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Aug 4, 2025, and closes on Wed, Aug 6, 2025.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Essex Marine IPO using UPI as a payment gateway. Zerodha customers can apply in Essex Marine IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Essex Marine IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Essex Marine IPO opens on Mon, Aug 4, 2025 and closes on Wed, Aug 6, 2025.
Essex Marine IPO lot size is 2000, and the minimum amount required for application is ₹2,16,000, with 2 lots being the minimum application size.
You can apply in Essex Marine IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Essex Marine IPO will be done on Thursday, August 7, 2025, and the allotted shares will be credited to your demat account by Fri, Aug 8, 2025. Check the Essex Marine IPO allotment status.
The Essex Marine IPO listing date is on Mon, Aug 11, 2025.
