Essex Marine IPO Details
The key details of Essex Marine’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹23.01 Cr |
| Price Range | ₹54 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 4,000 |
| Investment (cut-off price) | ₹2,16,000 |
| Pre IPO Promotor Holding | 99.99% |
| Post IPO Promotor Holding | 72.08% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Essex Marine IPO Timelines
The IPO process for Essex Marine includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
04/08/2025
Start Date06/08/2025
End Date08/08/2025
Refund Initiation08/08/2025
Credit of Shares to Demat Ac11/08/2025
Listing DateEssex Marine IPO Lot Size
The Essex Marine IPO has a fixed lot size of 2,000 shares, priced at ₹54 per share. For retail investors, the minimum and maximum application is 4,000 shares (2 lots), amounting to ₹2,16,000. For HNI investors, the minimum application is 6,000 shares (3 lots), worth ₹3,24,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 4000 | ₹2,16,000 |
| Retail Maximum | 2 | 4000 | ₹2,16,000 |
| HNI Minimum | 3 | 6000 | ₹3,24,000 |
Essex Marine IPO Subscription Status
The subscription status for Essex Marine IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 0.87x | 4.95x | -- | 2.91x |
IPO Performance on Listing Day
On its listing day (August 11, 2025), Essex Marine IPO delivered a weak debut on the exchanges. The stock opened at ₹43.20, reflecting a steep discount of 20.00% from the issue price of ₹54. It remained under selling pressure throughout the day, with no recovery from its opening high of ₹43.20 and slipped further to a low of ₹41.04 which was also its closing price. The stock closed the day with a loss of 24.00% over the issue price, indicating bearish sentiment and lack of buying interest in the shipping and marine services sector.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹43.20 | ₹41.04 | ₹43.20 | ₹41.04 |
Essex Marine IPO Company Financials
Essex Marine reports robust performance in FY2024 with Total Income of ₹21.11 crores, managing expenses at ₹18.52 crores, and achieving a strong PAT (Profit After Tax) of ₹1.82 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹63.01 | ₹60.30 | ₹1.73 |
| FY 2023 | ₹23.59 | ₹20.74 | ₹2.03 |
| FY 2024 | ₹21.11 | ₹18.52 | ₹1.82 |
| FY 2025 (9 M) | ₹29.86 | ₹24.36 | ₹4.1 |
About Company
Incorporated in 2009, Essex Marine Limited is a seafood processing and exporting company that specializes in marine fish, shrimp, and aquaculture vannamei shrimp. The company sources raw seafood primarily from the eastern coast of India and exports its products to international markets including China, Belgium, and Japan. Its product range includes ribbon fish, eel fish, squid, mackerel, and vannamei shrimp, catering to clients across the frozen seafood supply chain.
The company operates a modern processing facility located in Shankarpur near Digha in Purba Medinipur, West Bengal, a region known for high vannamei aquaculture production. The facility is equipped with advanced machinery such as individual quick freezers with glazer and hardener, plate freezers, blast freezers, and cold storage chambers. It adheres to international food safety and quality standards including HACCP, GMP, SSOP, FSSAI, and BRC. As of December 31, 2024, Essex Marine Limited had 91 employees on its payroll.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2009 | FMCG | Debashish Sen |
Know Before Investing
Essex Marine IPO Strengths
- The recent transformation from a private to a public limited company signals readiness for growth and access to capital markets.
- Specializing in marine-related business services, Essex Marine targets a niche sector with specialized demand.
- With authorized capital around ₹5.5 crore and progressive paid-up capital, the company has a solid but scalable financial base.
- Being registered and operating from Kolkata, a key Indian port city, improves access to maritime infrastructure and related business opportunities.
- Increasing trade and maritime activities in India and surrounding regions offer demand tailwinds for companies like Essex Marine.
- Essex Marine’s services are tailored to the marine sector, potentially limiting competition and enabling value-added offerings.
Essex Marine IPO Risks
- The company’s focus on seafood processing and exports makes it vulnerable to sector-specific risks such as demand fluctuations, regulatory changes, and international trade conditions.
- The company has reported a relatively high debt-to-equity ratio (around 2.54 in FY25), which could increase financial risk, interest burden, and limit the capacity to raise further funds.
- Revenue figures show variability over recent years, indicating possible fluctuations in business volumes, which can affect profitability and cash flow stability.
- Dependence on a limited number of customers and export markets exposes Essex Marine to risks from loss of major clients or adverse changes in demand or trade policies in target countries.
- Seafood processing and export require significant investments in inventory, receivables, and cold storage, potentially straining liquidity if not managed efficiently.
- Operations are subject to various environmental, food safety, export-import, and other regulations that can change, increasing compliance costs or causing operational delays.
Swot Analysis for Essex Marine IPO
Strengths
Comprehensive Product Portfolio, Modern Processing and Storage Facilities, Strong Client and Supplier Relationships
Weaknesses
Geographic Concentration, Working Capital Intensive Nature, Dependency on Raw Material Availability
Opportunities
Growing Global Demand for Seafood, Expansion of Cold Chain and Logistics, Domestic Market Growth
Threats
Environmental and Regulatory Risks, Price Volatility and Seasonal Supply Fluctuations, Cold Chain and Logistic Disruptions
Company Details
Essex Marine Ltd.
19, Pollock Street, 7th Floor, Room No.7, Kolkata – 700 001, West Bengal, India
Phone: +91 33 2262 7928
Email: cs@essexmpl.com
Website: http://www.essexmpl.com/
IPO Registar Details
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
FAQs
The key objectives of Essex Marine IPO are:
- Expansion of existing peeling capacity at existing processing unit at Shankarpur Road, Kaluya Sanda, Kuliyata, West Bengal 721441
- 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
- Funding of working capital requirements of the Company
- Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company
- General corporate purposes
Khandwala Securities Limited is the book-running lead managers for the Essex Marine IPO.
Essex Marine operates in the high-demand seafood processing and export segment, a niche within FMCG supported by rising global and domestic consumption. Its growth potential lies in expanding export markets and scaling operations efficiently. While regulatory and raw material risks exist, effective cost control and market diversification can drive long-term performance. The company’s presence in a resilient consumption-driven sector supports a promising outlook.
The issue price for the Essex Marine IPO is set to ₹54 per share.
To invest in two lot of Essex Marine IPO, you need ₹2,16,000 at the fixed price band (₹54 per share) for a lot size of 4000 shares.
Essex Marine IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on August 11, 2025.
Refund/unblocking of funds for Essex Marine IPO will begin on August 8, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Essex Marine IPO shares on listing day (August 11, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.