Essex Marine IPO
Essex Marine IPO Details
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Open Date
04 Aug 2025
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Close Date
06 Aug 2025
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Listing Date
11 Aug 2025
- IPO Price Range
₹ 54
- IPO Size
₹ 21.86 Cr
- Listing Exchange
BSE SME
Essex Marine IPO Timeline
Essex Marine IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 04-Aug-25 | 0.00 | 0.21 | 0.47 | 0.34 |
| 05-Aug-25 | 0.00 | 0.36 | 2.56 | 1.46 |
| 06-Aug-25 | 0.00 | 0.87 | 4.95 | 2.91 |
Last Updated: 29 September 2025 3:36 PM by 5paisa
Established in 2009, Essex Marine Ltd. is a seafood processing and export company based in West Bengal. It procures, processes, stores, and exports marine fish, aquaculture shrimp, and related seafood products such as ribbon fish, eel fish, squid, and mackerel to international markets, including China, Belgium, and Japan.
Its modern processing facility in Shankarpur, Purba Medinipur, follows stringent global food safety standards including HACCP, GMP, SSOP, FSSAI, and BRC. Equipped with IQF machines, plate and blast freezers, and advanced cold storage, the facility plays a key role in the company’s supply chain.
MD: Debashish Sen
Established in: 2009
Peers
Kings Infra Ventures Limited
Zeal Aqua Ltd
Essex Marine Objectives
The IPO proceeds will be utilised towards:
Expansion of the current facility’s peeling capacity to meet rising demand
Set up a Ready-to-Cook line with blanching process integration
Support ongoing working capital needs for smoother operational efficiency
Repay or prepay select existing loans to reduce financial liabilities
Allocate funds toward general corporate needs and future business plans
Essex Marine IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹21.86 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹21.86 Cr |
Essex Marine IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,16,000 |
| Retail (Max) | 2 | 4,000 | ₹2,16,000 |
| HNI (Min) | 3 | 6,000 | ₹3,24,000 |
Essex Marine IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 0.00 | 0.00 | 0.00 | 0.00 |
| NII (HNI) | 0.87 | 20,24,000 | 17,66,000 | 9.54 |
| Individual Investors (IND category bidding for 2 Lots) | 4.95 | 20,24,000 | 1,00,12,000 | 54.06 |
| Total | 2.91 | 40,48,000 | 1,17,90,000 | 63.67 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | 63.01 | 23.59 | 21.11 |
| EBITDA | 6.01 | 4.99 | 9.44 |
| PAT | 1.73 | 2.03 | 1.82 |
| Particulars (in Rs. Crores)] | FY22 | FY23 | FY24 |
|---|---|---|---|
| Total Assets | 43.89 | 40.99 | 34.26 |
| Share Capital | 5.50 | 5.50 | 11.00 |
| Total Borrowings | 26.52 | 19.34 | 16.08 |
| Particulars (in Rs. Crores | FY22 | FY23 | FY24 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 7.78 | 5.11 | -2.19 |
| Net Cash Generated From / (used in) investing activities | -0.11 | -0.64 | -0.51 |
| Net Cash Generated From / (used in) financing activities | -9.75 | -5.05 | 2.65 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -2.07 | -0.58 | -0.05 |
Strengths
1. Facility located close to a key aquaculture production and supply hub
2. Holds multiple international certifications, ensuring export quality compliance
3. Maintains strong and consistent relationships with long-term global clients
4. Streamlined operations help reduce costs and improve timely delivery
Weaknesses
1. Relies heavily on the seasonal availability of raw seafood materials
2. Limited global brand presence in highly competitive export markets
3. Faces high working capital requirements for day-to-day operations
4. Business scale is currently smaller compared to international competitors
Opportunities
1. Growing international demand for India’s frozen seafood and marine products
2. Expansion into the value-added ready-to-cook seafood processing segment
3. Planned facility upgrades to boost capacity and product efficiency
4. Potential to enter untapped export markets with customised offerings
Threats
1. Changes in global regulations could affect seafood export eligibility
2. Volatile logistics and shipping costs may impact profit margins
3. Global competition is intensifying in the seafood processing and distribution space
4. Foreign exchange rate fluctuations could affect pricing and revenue
1. Demonstrated consistent growth in both revenue generation and overall net profitability margins
2. Located strategically near India’s leading high-volume aquaculture production and supply zones
3. Planning facility expansion with value-added products to boost processing and export capability
4. Certified unit with global export potential; IPO funds support scaling and debt reduction
1. India's seafood export industry is growing rapidly due to increasing demand for frozen marine and aquaculture products.
2. Essex Marine is well-positioned to benefit from coastal proximity, modern processing infrastructure, and government support for marine exports.
3. The addition of value-added segments like ready-to-cook seafood offers a new revenue stream.
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FAQs
The Essex Marine IPO opens on 4 August, 2025, and closes on August 6, 2025.
The Essex Marine IPO size is ₹21.86 crore, consisting entirely of a fresh issue for the 40.48 lakh shares.
The Essex Marine IPO issue price is ₹54 per share.
Log in to your 5paisa account, select Essex Marine IPO, enter your bid, UPI ID, and approve the mandate.
Minimum lot size for Essex Marine IPO is 4,000 shares (2 lots), totalling a minimum investment amount of ₹2,16,000.
The tentative listing date of Essex Marine IPO on the BSE SME is scheduled for August 11, 2025.
Allotment of Essex Marine IPO is expected on August 7, 2025.
Khandwala Securities Ltd. is the lead manager for Essex Marine IPO.
The Essex Marine will use IPO proceeds for:
- Expansion of the current facility’s peeling capacity to meet rising demand
- Set up a Ready-to-Cook line with blanching process integration
- Support ongoing working capital needs for smoother operational efficiency
- Repay or prepay select existing loans to reduce financial liabilities
- Allocate funds toward general corporate needs and future business plans
Essex Marine Contact Details
19, Pollock Street,
7th Floor,
Room No.7
Kolkata, West Bengal, 700001
Phone: +91 33 2262 7928
Email: cs@essexmpl.com
Website: https://www.essexmpl.com/
Essex Marine IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Essex Marine IPO Lead Manager
Khandwala Securities Limited