- POSITIVE
Annual Revenue Essex Marine Mar-2026 Annual Revenue is Rs 65 Cr which is growth of 62.0% YoY.
- POSITIVE
Annual Net Profit Essex Marine Mar-2026 Annual Net Profit is Rs 6 Cr which is growth of 36.6% YoY.

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 Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹216,000 | 2 | 2 | 2000 | 4.3 M | ₹54 | 72.07 % | ₹230.1 M | RHP DOC |
Essex Marine IPO SUBSCRIPTION STATUS
06 Aug '25Essex 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
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
06 Aug 2025 (Day 3) | 4.7x | 0.93x | - |
05 Aug 2025 (Day 2) | 2.43x | 0.44x | - |
04 Aug 2025 (Day 1) | 0.44x | 0.2x | - |
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
Essex Marine IPO IMPORTANT DATES
| Issue Open Date | 04 Aug 2025 |
| Issue close Date | 06 Aug 2025 |
| Allotment Date | 07 Aug 2025 |
| Refund Date | 08 Aug 2025 |
| Demat Account Credit Date | 08 Aug 2025 |
| Listing Date | 11 Aug 2025 |
| Listing on Exchange(s) | BSE |
| Essex Marine Allotment Status | Exchange/ 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 Price | 43.2 |
| Listing Close Price | 41.0 |
| Listing Gain% | -20.0% |
| Current Gain% | -11.1% |
Essex Marine Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Essex Marine Ltd. | 48 | 73.2 | 11.5 | 0.3 | 1.1 | 15.9 | 9.8 | 64.7 | 62 | 6.4 | 36.6 | 4.2 | 36.6 |
| Varun Beverages Ltd. | 442 | 149506.3 | 44.2 | 2.3 | 6.2 | 15.5 | 11.9 | 22037.7 | 9.5 | 3036.5 | 17 | 10 | 18.9 |
| Manorama Industries Ltd. | 2002.5 | 12640.3 | 51.2 | 0.5 | 8.5 | 33 | 18.8 | 1377.1 | 73.9 | 224.9 | 104.9 | 39.1 | 110 |
| EID Parry (India) Ltd. | 706.8 | 12578.8 | 27.1 | -0.5 | 0.3 | 6.5 | 1.9 | 38883.4 | 21.6 | 569.5 | -35.2 | 26.1 | -55 |
| Avanti Feeds Ltd. | 713 | 9715 | 18.3 | -2.2 | 1.5 | 18.4 | 14.2 | 6276.5 | 8.6 | 606.1 | 14.6 | 39 | -8.3 |
| Sanstar Ltd. | 100.4 | 1829.2 | 41.6 | 0.7 | 2.2 | 5.2 | 4.3 | 796.4 | -18 | 34.4 | -21.3 | 2.4 | 63.2 |
Essex Marine annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 |
|---|---|---|---|---|---|---|
40% | 64.7 | 39.9 | 21.1 | 23.6 | ||
Operating Exp. Ann. | 44.8% | 53.4 | 30.5 | 16.1 | 17.6 | |
Operating Profit Ann. | 19.3% | 7.3 | 6.7 | 3 | 4.3 | |
OPM Ann. % | -15% | 11.22% | 16.85% | 14.34% | 18.30% | |
39.4% | 56.1 | 33.7 | 18.5 | 20.7 | ||
EBITDA Ann. | 23.5% | 11.3 | 9.4 | 5 | 6 | |
EBITDA Ann. margin % | -11.9% | 17.43% | 23.63% | 23.62% | 25.49% | |
Interest Ann. | -9.9% | 1.9 | 2.4 | 1.8 | 2.6 | |
Depr. | 5.3% | 0.7 | 0.7 | 0.6 | 0.6 | |
PBT Ann. | 44.2% | 8.7 | 6.3 | 2.6 | 2.9 | |
Tax Ann. | 42.2% | 2.3 | 1.6 | 0.8 | 0.8 | |
47.4% | 6.4 | 4.7 | 1.8 | 2 | ||
Net Profit Ann. | 47.4% | 6.4 | 4.7 | 1.8 | 2 | |
NPM Ann. % | 4.3% | 10.50% | 12.53% | 9.51% | 9.25% | |
EPS Adj. latest Ann. | 47.8% | 4.2 | 3.1 | 1.2 | 1.3 |
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
| Name | Designation |
|---|---|
| Debashish Sen | Managing Director |
| Kajari Sen | Non-Executive Director |
| Abhijit Chakraborty | Independent Director |
| Niladri Saha | Independent 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
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
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
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
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
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
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.
