Essex Marine IPO
GMP, Subscription, Price, Dates & Financial Details
Consumer Food
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…
Open Date
Mon, 04 Aug 2025
Close Date
Wed, 06 Aug 2025
Issue Price
₹ 54
Lot Size
2000
Issue Size
₹ 23.01 Cr
Minimum Investment
₹ 216,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Essex Marine IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹23.01 Crore, comprising a fresh issue of 42.62 Lakh equity shares aggregating to ₹23.01 Crore.
The Essex Marine IPO remained open for subscription from August 04, 2025, to August 06, 2025. The basis of allotment was finalized on August 07, 2025, and the company's shares were listed on BSE SME Platform on August 11, 2025.
The company had fixed the price at ₹54 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹216,000 (based on the upper price band) to apply for one lot.
Skyline Financial Services Private Ltd served as the registrar to the issue. Khandwala Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Essex Marine Ltd is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Essex Marine IPO Timeline (Tentative)
- IPO Open Date
- Mon, 04 Aug 25
- IPO Close Date
- Wed, 06 Aug 25
- Basis of Allotment
- Thu, 07 Aug 25
- Initiation of Refunds
- Fri, 08 Aug 25
- Credit of Shares to Demat
- Fri, 08 Aug 25
- Listing Date
- Mon, 11 Aug 25 — NSE & BSE
Open Date
04 August 2025
Close Date
06 August 2025
Basis Of Allotment
07 August 2025
Listing Date
11 August 2025
IPO Subscription
Check Live Subscription →The Essex Marine IPO has received bids for 1,20,04,000 shares against 40,48,000 shares offered, resulting in an overall subscription of 2.97x. the NII category is subscribed 0.98x, Retail Investors 4.95x, and QIBs 0x.
QIB
0x
NII
0.98x
RII
4.95x
Total
2.97x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 20,24,000 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 20,24,000 shares (50%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Non-Institutional | 2,024,000 | 50% |
| Retail Investors | 2,024,000 | 50% |
| Total | 4,048,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Essex Marine Ltd KPI Information
| 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 |
| Pat Margin % | 12.53 | 9.52 | 9.25 |
Peers Comparison
| 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 |
About Essex Marine Ltd
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
Essex Marine IPO Promoters
- Debashish Sen
- Kajari Sen
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
72.08%
Essex Marine IPO Objective
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
Essex Marine Ltd Address / Contact Details
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
Essex Marine IPO Lot Size
The Essex Marine IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹2,16,000 by applying for 2 lot (4,000 shares). The maximum application allowed for the retail category is 2 lots (4,000 shares), requiring an investment of ₹2,16,000.
| 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 |
Issue Reservation
- NII — 50%
- RII — 50%
Book Running Lead Managers
- Khandwala Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Essex Marine IPO?
Essex Marine IPO is a Fixed price IPO with a total issue size of ₹23.01 crore. The Essex Marine IPO price band is ₹54 to 54 per share. The Essex Marine IPO subscription opens on Mon, Aug 4, 2025, and closes on Wed, Aug 6, 2025. The Essex Marine IPO will be listed on the BSE. Skyline Financial Services Private Ltd is the registrar for the Essex Marine IPO.
When will the Essex Marine IPO open for subscription?
The Essex Marine IPO opens on Mon, Aug 4, 2025 and closes on Wed, Aug 6, 2025
What is Essex Marine IPO Price Band?
Essex Marine IPO Price Band is ₹54 to 54 per share.
What is Essex Marine IPO Lot Size?
Essex Marine IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹216000 based on the upper price band
What is the minimum investment for Essex Marine IPO?
The minimum investment for Essex Marine IPO is ₹216000, based on one lot of 2000 shares at the upper price band of ₹54 per share.
How to apply for Essex Marine IPO?
Investors can apply for the Essex Marine IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Aug 6, 2025. The application amount remains blocked until the Essex Marine IPO allotment is finalized.
What is Essex Marine IPO Issue Size?
Essex Marine IPO issue size is ₹23.01 crores.
What is the Essex Marine IPO Allotment Date?
Essex Marine IPO allotment date is Thu, Aug 7, 2025.
Who is the Essex Marine IPO Registrar?
The registrar for Essex Marine IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website to check Essex Marine IPO allotment status, refund processing, and other IPO-related information.
What is the Essex Marine IPO GMP?
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 20.37% over the issue price.
Who is the Essex Marine IPO Lead Manager?
The book-running lead managers (BRLMs) for the Essex Marine IPO are Khandwala Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Essex Marine IPO Red Herring Prospectus (RHP).