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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 ₹54.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,16,000.00 (4,000 shares). The minimum lot size investment for 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 Date | August 4, 2025 to August 6, 2025 |
| Listing Date | August 11, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹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 Gretex Share Broking Pvt.Ltd. (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 offers total 42,62,000 shares. Out of which 20,24,000 (47.49%) allocated to NII, 20,24,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,14,000 (5.02%) |
| NII (HNI) Shares Offered | 20,24,000 (47.49%) |
| Retail Shares Offered | 20,24,000 (47.49%) |
| Total Shares Offered | 42,62,000 (100.00%) |
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 Wed, Aug 6, 2025 |
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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 market capitalization of Essex Marine IPO is ₹82.41 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 Rs | 4.24 | 3.06 |
| P/E (x) | 12.73 | 17.67 |
The Company Essex Marine IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] EML is engaged in producing processed fish and shrimp and exporting frozen sea foods. It suffered a set-back for FY24 with lower top and bottom lines. Based on its recent financial data, the issue appears aggressively priced. It is operating in a highly competitive and fragmented segment. Only well-informed/cash surplus investors may park moderate funds for long term. Read detail review...
| Listing Date | August 11, 2025 |
| BSE Script Code | 544475 |
| NSE Symbol | |
| ISIN | INE1IBY01019 |
| Final Issue Price | ₹54 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹43.20 |
| Low | ₹41.04 |
| High | ₹43.20 |
| Last Trade | ₹41.04 |
Essex Marine Ltd.
19, Pollock Street,
7th Floor,
Room No.7
Kolkata, West Bengal, 700001
Phone: +91 33 2262 7928
Email: cs@essexmpl.com
Website: http://www.essexmpl.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Essex Marine IPO is a SME IPO of 42,62,000 equity shares of the face value of ₹10 aggregating up to ₹23.01 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
The IPO opens on August 4, 2025, and closes on August 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 August 4, 2025 and closes on August 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 Friday, August 8, 2025. Check the Essex Marine IPO allotment status.
The Essex Marine IPO listing date is on Monday, August 11, 2025.
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