Essex Marine IPO Subscribed 2.90x on Final Day, Boosted by Strong Retail Demand

Essex Marine Limited's initial public offering (IPO) has demonstrated reasonable investor interest through its third and final day of subscription, with Essex Marine's stock price set at ₹54 per share reflecting moderate market reception. The ₹23.01 crore IPO reached 2.90 times by 4:19:35 PM on day three.

Essex Marine IPO individual investors segment leads with solid 4.92 times subscription, whilst non-institutional investors demonstrate limited participation at 0.87 times and qualified institutional buyers show no allocation in this fixed price offering, whilst market makers show complete participation at 1.00 times, reflecting moderate investor confidence in this company.

Essex Marine IPO subscription reached a reasonable 2.90 times on day three, led by Individual Investors (4.92x) and NII (0.87x). Total applications reached 2,698.

Subscription Status of Essex Marine IPO:

Here are the subscription details for Essex Marine IPO as of Day 3 (August 6, 2025, 4:19:35 PM):

Key Highlights - Day 3:

• Overall subscription reached reasonable 2.90 times, a substantial improvement from day two's 1.46 times.
• Individual investors demonstrated solid performance at 4.92 times, building significantly from day two's 2.56 times.
• Non-institutional investors showing modest growth at 0.87 times, building moderately from day two's 0.36 times.
• Market makers maintained complete participation at 1.00 times throughout the subscription period.
• Total applications reached 2,698, indicating modest investor participation for this SME IPO.
• Cumulative bid amount reached ₹63.39 crores against the issue size of ₹23.01 crores.
• Fixed price offering structure with equal allocation to retail and HNI segments.
• Strong retail investor interest driving the overall subscription performance.

Essex Marine IPO - Day 2 Subscription at 1.46 Times

Key Highlights - Day 2:

• Overall subscription reaching modest 1.46 times, showing substantial improvement from day one's 0.34 times.
• Individual investors demonstrating encouraging performance at 2.56 times, building significantly from day one's 0.47 times.
• Non-institutional investors showing gradual improvement at 0.36 times, building from day one's 0.21 times.
• Market makers maintaining steady participation throughout the subscription process.

Essex Marine IPO - Day 1 Subscription at 0.34 Times

Key Highlights - Day 1:

• Overall subscription opening cautiously at 0.34 times, showing measured initial investor interest.
• Individual investors displaying modest participation at 0.47 times, showing tentative retail sentiment.
• Non-institutional investors showing limited interest at 0.21 times, indicating reserved HNI approach.
• Fixed price structure providing certainty for investors in pricing evaluation.

About Essex Marine Limited

Incorporated in 2009, Essex Marine Limited is a seafood processing and exporting company that 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, operating modern processing facility in Midnapur, West Bengal equipped with IQF with Glazer and Hardener, plate freezers, blast freezers, and cold storage chambers adhering to international standards like HACCP, GMP, SSOP, FSSAI, and BRC, serving frozen fish and shrimp supply chain with sourcing from India's eastern coast, employing 91 employees on payroll as of December 31, 2024.