Essex Marine Limited IPO...
02 Aug, 2025
Essex Marine Limited IPO
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).
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Essex Marine Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
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 |
Essex Marine Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 |
Essex Marine Limited IPO Lot Size
| Application | Lots | Shares | 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 |
Essex Marine Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 72.08% |
Competitive Strength:
- 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.
Essex Marine Limited IPO Financial Information
| Period Ended | Assets | Revenue | 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
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Frequently asked Questions (FAQs )
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1. What is the lot size for the Essex Marine Limited IPO?
The Essex Marine Limited IPO of ₹23.01 crores is made up of 42.62 lakh fresh equity shares.
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2. What is the purpose of the IPO funds?
The proceeds obtained from the IPO will be used to expand the peeling capacity, addition of a ‘Ready-to-cook’ section, repay the debt and fund the capital requirement to fulfill general corporate functioning.
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3. What is the expected date for the allotment of the Essex Marine IPO?
The allotment of the IPO is expected to be on 7th August, 2025.
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4. Who is the lead manager and lead manager?
Khandwala Securities Limited and Skyline Financial Services Private Limited are the lead manager and registrar of the issue.
