Essex Marine Ltd. logo

Essex Marine was incorporated on August 27, 2009. The company produces and exports processed marine fish and vannamei shrimp under the “Essex” brand. It serves major customers in China and Europe and also undertakes job work to optimize plant capacity

Bidding Dates
04 Aug 2025 - 06 Aug 2025
Subscription
2.82x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue PricePost Issue Promoter Holding %Issue SizeIPO Document
₹216,0002220004.3 M₹5472.07 %₹230.1 MRHP DOC

Essex Marine IPO SUBSCRIPTION STATUS

06 Aug '25
Total2.82x
Retail Individual Investor4.7x
HNI (NII) Investors0.93x
Qualified Institutional Buyers-

Essex Marine IPO overall subscription rate was 2.82 times the total available shares

Essex Marine IPO retail subscription rate was 4.7 times in the retail segment

Essex Marine IPO non-institutional investor subscription rate was 0.93 times in the non-institutional investor category

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation50%50%-
06 Aug 2025
(Day 3)
4.7x0.93x-
05 Aug 2025
(Day 2)
2.43x0.44x-
04 Aug 2025
(Day 1)
0.44x0.2x-

Essex Marine FINANCIALS

Period Revenue from Operations (Rs in crore) Net Profit (Rs in crore) Cash Flow from Operations (Rs in crore) Free Cash Flow (Rs in crore) Margins
FY25 37.2 4.7 -2.2 -2.7 25.4%
FY24 19.2 1.8 5.1 4.4 26.0%
FY23 21.9 2.0 7.8 7.5 27.5%

Essex Marine IPO SUBSCRIPTION STATUS DETAILS

Essex Marine had 4.3 M shares on offer

Essex Marine IPO offer price was ₹54

Essex Marine IPO minimum Investment was ₹216000

Essex Marine IPO issue size was ₹ 230.1 M

Essex Marine had a minimum lot size of 2000 Shares per application

Essex Marine NUMBER OF SHARES ON OFFER

Total4.3 M
Fresh Issue4.3 M
Offer for Sale0
Post Issue Promoter Holding %72.07 %

Essex Marine IPO IMPORTANT DATES

Issue Open Date04 Aug 2025
Issue close Date06 Aug 2025
Allotment Date07 Aug 2025
Refund Date08 Aug 2025
Demat Account Credit Date08 Aug 2025
Listing Date11 Aug 2025
Listing on Exchange(s)BSE
Essex Marine Allotment StatusExchange/ Registrar

Essex Marine IPO subscription opened on 04 Aug 2025, and closed on 06 Aug 2025

IPO allotment for Essex Marine was finalized on Thursday, 07 Aug 2025

IPO listing for Essex Marine was on BSE on Monday, 11 Aug 2025

Essex Marine IPO LISTING GAINS

Issue Price (adjusted)54.0
Listing Open Price43.2
Listing Close Price41.0
Listing Gain%-20.0%
Current Gain%-11.1%

Essex Marine Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Essex Marine Ltd.4873.211.50.31.115.99.864.7626.436.64.236.6
Varun Beverages Ltd.442149506.344.22.36.215.511.922037.79.53036.5171018.9
Manorama Industries Ltd.2002.512640.351.20.58.53318.81377.173.9224.9104.939.1110
EID Parry (India) Ltd.706.812578.827.1-0.50.36.51.938883.421.6569.5-35.226.1-55
Avanti Feeds Ltd.713971518.3-2.21.518.414.26276.58.6606.114.639-8.3
Sanstar Ltd.100.41829.241.60.72.25.24.3796.4-1834.4-21.32.463.2

Essex Marine INFORMATION ON IPO ISSUE

About Essex Marine

Essex Marine was incorporated on August 27, 2009. The company produces and exports processed marine fish and vannamei shrimp under the “Essex” brand. It serves major customers in China and Europe and also undertakes job work to optimize plant capacity

Object of the Issue

  • Expansion of existing peeling capacity at existing processing unit at West Bengal
  • Setting up of “Ready-to-Cook” Section by adding blanching in the existing process at the existing processing unit at West Bengal
  • Funding of the working capital requirements of the company
  • Repayment/pre-payment, in part, of certain secured borrowing availed by the company
  • General corporate purposes

Essex Marine - PROMOTERS

Name
Debashish Sen
Kajari Sen

Essex Marine - MANAGEMENT & LEADERSHIP

NameDesignation
Debashish SenManaging Director
Kajari SenNon-Executive Director
Abhijit ChakrabortyIndependent Director
Niladri SahaIndependent Director

Essex Marine Book Running Lead Manager

Khandwala Securities Limited

ipo@kslindia.com

Essex Marine Registrar to the issue

Skyline Financial Services Private Limited

ipo@skylinerta.com

Essex Marine Strengths

Geographical presence

The company’s strong market presence, quality focus, and modern facility have helped it serve customers across China, Europe, and Israel. Its plant location enables cost-effective job work for exporters in West Bengal and Odisha

Strength

Quality

The company maintains strict quality assurance and control across all stages of processing to meet customer expectations. With skilled professionals and in-house lab support, it ensures high standards, resulting in zero product rejections to date

Strength

Client relationship

The company serves both Indian and multinational clients, including merchant exporters, distributors, and warehouse chains. It benefits from repeat orders, reflecting strong relationships, reliability, and cost efficiency

Strength

Essex Marine Risks

Environmentally sensitive

The company operates in an environmentally sensitive industry and faces biosecurity risks at farms, hatcheries, landing areas, processing units, and during transport, which may adversely affect its business and financial performance

Risk

Depend on limited products

The company derives a major share of revenue from two products. Any decline in their sales or prices, or inability to diversify its product portfolio, may adversely affect its revenue, profitability, and overall business performance

Risk

Handling risks

Improper handling or contamination of raw materials or products may lead to legal action, harm the company’s reputation, and negatively impact its operations and financial health

Risk

IPO FAQs

  • The promoters of the company are Debashish Sen and Kajari Sen.
  • The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
  • The price band of the IPO is Rs 54.0 - 54.0.
  • The IPO application opens on Aug 04, 2025 and closes on Aug 06, 2025.
  • The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
  • For all category investors, the minimum application amount for this IPO is Rs. 216,000.0, the maximum value for this IPO is Rs 216,000.0.
  • This IPO will be allotted on Aug 07, 2025.
  • The refund will be credited to your account on Aug 08, 2025.
  • The allotted shares will be credited to your demat on Aug 08, 2025.
  • Essex Marine Ltd.’s shares listed on the stock exchanges on Aug 11, 2025.