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Essex Marine Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed BSE SME SME Live Chart
Issue Price
₹54
Per Share
GMP
NIL
Grey Market
Est. Listing
₹54
Expected Price
Min. Application
₹216,000
2 lots × 2000 shares
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
Check AllotmentCheck Status →
Essex Marine Ltd. — Live Price LIVE
₹54.00
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Issue ₹54.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹54
GMPNIL
Est. Listing₹54
Lot Size2,000 shares
Min Amount₹216,000
Listing Date11 Aug 2025
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹54
Listing Date11 Aug 2025
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 214,000 ₹1.16 Cr
TOTAL 4,262,000 100.00% ₹23.01 Cr
* Based on ₹54.00 (upper price band)
Lot Size & Investment Details
Lot Size
2,000
Shares
Issue Price
₹54.00
Per Share
Min Investment
₹108,000
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 2,000 ₹108,000
Retail (Max) 13 26,000 ₹1,404,000
sNII (Min) 14 28,000 ₹1,512,000
bNII (Min) 68 136,000 ₹7,344,000
Company Financials — Restated Consolidated (Amount in Rs Cr)
Particulars31 Mar 202531 Mar 202431 Mar 2023
Revenue from Operations 39.93 21.11 21.11
EBITDA 9.44 4.99 6.01
Profit After Tax (PAT) 4.67 1.82 2.03
Net Worth 17.68 13.01 11.19
Total Assets 49.09 34.26 40.99
Reserves & Surplus 6.68 7.51 5.69
Total Borrowings 23.90 16.08 19.34
Key Ratios & Valuation
Issue Price ₹54
Face Value ₹10 Per Share
P/BV 3.36
RoE 30.40%
RoCE 18.87%
RoNW 26.39%
PAT Margin (%) 12.53%
EBITDA Margin (%) 25.35%
Debt / Equity 2.40
Company Details
Company
Essex Marine Ltd.
Exchange
BSE SME
IPO Type
SME IPO
Issue Type
Fixed Price IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
19, Pollock Street, 7th Floor, Room No.7 Kolkata, West Bengal, 700001
Book Running Lead Managers
Khandwala Securities Ltd.
Book Running Lead Manager (BRLM)