IPO Issue Details
Issue Price / Price Band₹54 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size42,62,000 shares (aggregating up to ₹23.01 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 04 Aug 2025
Subscription CloseWed, 06 Aug 2025
Anchor AllotmentSun, 03 Aug 2025
Basis of AllotmentThu, 07 Aug 2025
Initiation of RefundsFri, 08 Aug 2025
Credit of Shares to DematFri, 08 Aug 2025
Listing DateMon, 11 Aug 2025
UPI Mandate Deadline2025-08-06
Application & Investment Details
Retail — Min (2 Lots)₹2,16,000 — 4000 shares
Retail — Max (13 Lots)₹1,404,000 (13 Lots)
HNI — Min (3 Lots)₹3,24,000 — 6000 shares
EPS (Pre-IPO)₹4.24
EPS (Post-IPO)₹3.06
P/E Ratio (Pre-IPO)12.73x
P/E Ratio (Post-IPO)17.67x
Net Offer to Public40,48,000 shares (aggregating up to ₹21.86 Cr)
Reserved for Market Maker2,14,000 shares (aggregating up to ₹1.16 Cr)
Pre-IPO Promoter Holding1,10,00,000 shares
Post-IPO Promoter Holding1,52,62,000 shares
About Essex Marine Ltd.
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:Marine fishMarine shrimpAquaculture vannamei shrimpAs on December 31, 2024, the Company has 91 employees on payroll.Competitive Strengths:Strategic location of the processing unitGeographical presenceQuality Assurance and Quality Control of the productsStrong, cordial & long-term relationship with the customersCost effective production and timely fulfilment of ordersWell experienced management team
Objects of the Issue
Essex Marine Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Expansion of existing peeling capacity at existing processing unit at Shankarpur Road, Kaluya Sanda, Kuliyata, West Bengal 721441
2.48
2
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
3 Funding of working capital requirements of the Company
6.00
4
4 Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company
7.15
5
5 General corporate purposes
3.43
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,10,00,000 shares
Post-IPO Promoter Holding
1,52,62,000 shares