Essex Marine Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | August 4, 2025 to August 6, 2025 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Issue Price | ₹ 54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 42,62,000 shares (aggregating up to ₹ 23.01 Cr) |
| Reserved for Market Maker | 2,14,000 shares (aggregating up to ₹ 1.16 Cr) |
| Net Offered to Public | 40,48,000 shares (aggregating up to ₹ 21.86 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,10,00,000 shares |
| Share Holding Post Issue | 1,52,62,000 shares |
About Essex Marine Limited IPO
The Essex Marine Limited IPO of ₹23.01 crores is made up of 42.62 lakh fresh equity shares priced at ₹54 per share. The Essex Marine Limited IPO will be available for subscription by 4th August, 2025 and the issue will be closed by 6th August, 2025. The IPO is expected to be listed on BSE SME by 11th August, 2025. A retail investor can apply for 4,000 shares totaling up to ₹2,16,000 and HNIs can apply for 6,000 shares worth ₹3,24,000. Any applicant can subscribe for a minimum of 2000 shares.
Company Background
Essex Marine Limited was established in 2009 under the name Rajsen Impex Private Limited and later renamed itself Essex Marine Private Limited in 2013. The company very recently converted to a public corporation called Essex Marine Limited. With a specialization in marine export as well as processing, the company focuses on providing frozen seafood, which includes marine and aquaculture vannamei shrimp. It is a modern seafood exporting and processing firm based in Kolkata and has acquired over 16 years of industry experience.
Operations & Product Range
Facility and Services
The company operates a highly efficient, spacious and well-equipped unit in Kolkata to meet its needs for seafood packaging. Its manufacturing plant is equipped with advanced machinery that helps the company maintain the quality of its products. The facility is strategically located near the shrimp production centres to cater to extensive seafood packaging, processing and cold storage that are designed to meet the export demands.
Brand and Market Presence
Through the company’s 16-year-long presence, it has established itself as an exporter to various regions internationally such as China, Israel and Europe. The company is well-known for the supply of quality assured products and has acquired various certifications regarding the same. The company has a firm focus on the timely and cost-effective delivery of products. Essex has emerged as a popular name in the global seafood industry.
Management & Shareholding
Promoters and Shareholders
The promoters of the Essex Marine Limited IPO are Debashi Sen and Kajari Sen, who hold 100% of the shares in the company currently. Their stake in Essex is expected to be reduced to 72.08% post IPO listing, which implies a dilution of approximately 21.91% after the company lists its IPO on 4th August.
Board Members
The managerial board of the company includes Debashi Sen (Managing Director and Promoter), Kajari Sen (Director and Promoter), Abhijit Chakraborty (Independent Director) and Niladri Saha (Independent Director).
Objectives of Essex Marine Limited IPO
The proceeds obtained from the IPO are to be utilised to expand the peeling capacity and addition of a ‘Ready-to-cook’ section through the addition of blanching in the company’s manufacturing unit. A certain amount from the proceeds will also be used to repay the debt availed by Essex, in full or half and to fund the capital requirement to fulfill the general corporate functioning of the company.
Conclusion
The Essex Marine Limited IPO is an opportunity for investors to invest in a well-established player in the Indian seafood export sector. The company has a strong growth in revenue, a specialized focus on providing frozen seafood across various regions domestically as well as internationally and a stellar track record for maintaining the product quality. The company looks forward to capitalizing on the increasing demand for good quality frozen seafood exports. This issue can be of interest to investors who want to gain exposure to the marine sector of India. The upcoming IPO will help the company expand its brand presence across the market.
Essex Marine Limited IPO Financial Information
Latest Revenue
29.86
₹ Crore
Profit After Tax
4.1
₹ Crore
Net Worth
17.11
₹ Crore
Total Borrowing
20.91
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2024 | 49.75 | 29.86 | 4.1 | 17.11 | 20.91 | ||||
| 31 Mar 2024 | 34.26 | 21.11 | 2 | 13 | 16 | ||||
| 31 Mar 2023 | 40.99 | 23.59 | 2.03 | 11.19 | 19.34 | ||||
| 31 Mar 2022 | 43.89 | 63.01 | 1.73 | 9.16 | 26.52 | ||||
| Amount in ₹ Crore | |||||||||
Essex Marine Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 15.06% |
| ROCE | 14.40% |
| Debt/Equity | 2.97 |
| RoNW | 14.01% |
| PAT Margin | 9.52% |
| Price to Book Value | 4.56 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.66 | 3.58 |
| P/E (x) | 32.59 | 15.08 |
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The India IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
1. The company's manufacturing units are located strategically near shrimp production hubs, providing efficient and cost-effective solutions for shrimp processing.
2. Essex has a well-established relationship on an international level with the company’s export services to countries like Israel, China and Europe.
3. It is well-focused on quality assurance through the use of advanced machinery in the corporation’s manufacturing units.
4. With cost-effective production and the company’s timely delivery services, it has established a long-standing relationship with its clients.
5. Essex is guided by managerial experts with good experience in the industry and through their expertise, the company has managed to achieve new heights.
Download regulatory filings
Essex Marine Limited IPO Timeline
| IPO Open Date | Mon, Aug 4, 2025 |
| IPO Close Date | Wed, Aug 6, 2025 |
| Tentative Allotment | Thu, Aug 7, 2025 |
| Initiation of Refunds | Fri, Aug 8, 2025 |
| Credit of Shares to Demat | Fri, Aug 8, 2025 |
| Tentative Listing Date | Mon, Aug 11, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 6, 2025 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000.00 | ₹2,16,000 |
| Individual investors (Retail) (Max) | 2 | 4,000.00 | ₹2,16,000 |
| HNI (Min) | 3 | 6,000 | ₹3,24,000 |