Essex Marine IPO
Open SmeCurrent GMP
₹11 (+20.37%)
Price Band
₹ 54 – 54
Lot Size
2000
Issue Size
₹23.01 Cr
Minimum Investment
₹216000 (4000 Shares)
Listing Date
11 August 2025
Subscription
2.97x
About the Company
Essex Marine Limited, originally incorporated as Rajsen Impex Private Limited in 2009, is a Kolkata-based seafood processing and export company. The company underwent name and status changes in 2013 and 2025, eventually becoming a public limited company.
Core Business:
Essex Marine specializes in the procurement, processing, storage, and export of frozen fish and shrimp, including:
- Marine fish (e.g., ribbon fish, eel, squid, mackerel)
- Marine shrimp
- Aquaculture vannamei shrimp
The company operates across the entire seafood value chain, from sourcing raw materials along India’s eastern coast to processing and exporting under its own brand “Essex.”
Facilities & Capacity:
- Processing Facility: Located in Shankarpur, Purba Medinipur, West Bengal – a strategic aquaculture zone.
- Annual Capacity (as of Dec 31, 2024):
- Shrimp: 5,717 MT
- Fish: 4,258 MT
- Peeling: 3,942 MT
- Annual Capacity (as of Dec 31, 2024):
- Cold Storage: Centrally located in Kolkata with a capacity of 1,800 MT
Markets & Customers:
Exports primarily to China, Europe, Israel, Belgium, and Japan, serving:
- Food service distributors
- Warehouse chains
- Merchant exporters (via job work)
Quality & Control:
Strong in-house quality assurance and control systems, including a dedicated lab and documented quality processes aligned with international standards.
Investments & Expansion:
- INR 2.48 crore to double peeling capacity
- INR 0.78 crore to introduce blanching for ready-to-cook frozen products
Key Strengths:
- Strategic location and modern infrastructure
- Established international clientele and repeat orders
- Cost-effective operations and timely delivery
- Experienced leadership, led by Debashish Sen, MD
- Recognized as a One Star Export House
As of December 31, 2024 – 91 employees
Promoters
- Debashish Sen
- Kajari Sen
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
72.08%
Objects of the Issue
The Company Essex Marine IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Expansion of existing peeling capacity at existing processing unit at Shankarpur Road, Kaluya Sanda, Kuliyata, West Bengal
- Setting up of “Ready-to-Cook” Section by adding blanching in the existing process at the existing processing unit at Shankarpur Road, Kaluya Sanda, Kuliyata, West Bengal
- Funding of working capital requirements of our Company
- Repayment/pre-payment, in full or in part, of certain borrowings availed by our Company
- General corporate purposes
Address / Contact Info
Essex Marine Limited
19, Pollock Street,
7th Floor,Room No.7
Kolkata, West Bengal, 700001
Phone: +91 33 2262 7928
Email: cs@essexmpl.com
Website: http://www.essexmpl.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 04 August 2025
IPO Close Date
Wednesday, 06 August 2025
Basis of Allotment
Thursday, 07 August 2025
Initiation of Refunds
Friday, 08 August 2025
Credit of Shares to Demat
Friday, 08 August 2025
Listing Date
Monday, 11 August 2025 — NSE & BSE
Important Dates
Open Date
04 August 2025
Close Date
06 August 2025
Basis Of Allotment
07 August 2025
Listing Date
11 August 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 49.08 | 34.26 | 40.99 |
| Revenue | 39.93 | 21.11 | 23.59 |
| Profit After Tax | 4.66 | 1.82 | 2.03 |
| Net Worth | 17.68 | 13.01 | 11.19 |
| Reserve & Surplus | 6.68 | 7.51 | 5.69 |
| Total Borrowings | 23.9 | 16.08 | 19.34 |
EPS Pre
1.66%
EPS Post
3.58%
P/E Pre
32.59
P/E (Post Issue)
15.08x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE % | 30.4 | 15.06 | 19.91 |
| ROCE % | 18.87 | 14.4 | 17.14 |
| Debt / Equity | 2.4 | 2.97 | 2.91 |
| RoNW % | 26.39 | 14.01 | 18.11 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 12.53 | 9.52 | 9.25 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Non-Institutional | 2024000 | 50 | 0 |
| Retail Investors | 2024000 | 50 | 0 |
| Total | 4048000 | 100 | 0 |
Subscription Status ( Wed, 06 Aug 25 01:46 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 12000 | 0x |
| Non-Institutional | 2024000 | 1980000 | 0.98x |
| Retail Investors | 2024000 | 10012000 | 4.95x |
| Total | 4048000 | 12004000 | 2.97x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Essex Marine Ltd | 10 | 12.74 | 4.24 | 4.24 | 26.39 | 16.07 |
| Kings Infra Ventures Ltd | 10 | 25.23 | 5.31 | 5.31 | 18.38 | 29.01 |
| Zeal Aqua Ltd | 1 | 14.02 | 0.80 | 0.80 | 11.33 | 7.07 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | 216,000.00 |
| Retail (Max) | 2 | 4,000 | 216,000.00 |
| S-HNI (Min) | 3 | 6,000 | 324,000.00 |
Registrar
Skyline Financial Services Private Ltd
02228511022
info@skylinerta.com
https://www.skylinerta.com
Book Running Lead Managers
- Khandwala Securities Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Essex Marine IPO is a Fixed price IPO worth ₹23.01 crores. The price band is ₹54 to 54 per share. The IPO opens on Mon, Aug 4, 2025 and closes on Wed, Aug 6, 2025. It will be listed on BSE and NSE. Skyline Financial Services Private Ltd is the registrar.
The Essex Marine IPO opens on Mon, Aug 4, 2025 and closes on Wed, Aug 6, 2025
Essex Marine IPO Price Band is ₹54 to 54.
Essex Marine IPO lot size is 2000, and the minimum amount required for application is ₹216000.
The minimum investment for Essex Marine IPO is approximately ₹216000 based on the upper price band.
To apply for the Essex Marine IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Aug 6, 2025. After submission, funds are blocked until the basis of allotment of Essex Marine IPO is finalised.
Essex Marine IPO issue size is ₹23.01 crores.
Essex Marine IPO allotment date is Sat, Jun 27, 2026.
The registrar for Essex Marine IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website for IPO allotment status, refund processing, and other queries related to Essex Marine IPO through their official website or helpline.
The Essex Marine IPO GMP (Grey Market Premium) is ₹11 as of Tue, Aug 5, 2025. Based on the upper price band of ₹54 per share, the estimated Essex Marine IPO listing price is ₹65, indicating a potential listing gain of approximately 31% over the issue price.