All details for Essex Marine IPO: Dates, price, financials, objectives, KPIs, registrar, and business overview.
Bar Chart upar, Line Chart niche — financials section me!
Essex Marine IPO: At a Glance
IPO Timeline
| IPO Activity | Date |
|---|---|
| IPO Open Date | August 4, 2025 |
| IPO Close Date | August 6, 2025 |
| Basis of Allotment (Tentative) | August 7, 2025 |
| Refunds Initiation (Tentative) | August 8, 2025 |
| Credit of Shares to Demat (Tentative) | August 8, 2025 |
| IPO Listing Date (Tentative) | August 11, 2025 |
IPO Price & Lot Size
| Issue Price | ₹54 per share |
|---|---|
| Market Lot | 2,000 Shares |
| Retail Min | 2 lots (4,000 shares) – ₹2,16,000 |
| Retail Max | 2 lots (4,000 shares) – ₹2,16,000 |
| HNI Min | 3 lots (6,000 shares) – ₹3,24,000 |
Company Financials (₹ Crore)
Bar Chart: Income, PAT & Net Worth
Line Chart: Income, PAT & Net Worth
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Dec 2024 | 49.75 | 29.86 | 4.10 | 17.11 | 11.61 | 20.91 |
| 31 Mar 2024 | 34.26 | 21.11 | 1.82 | 13.01 | 7.51 | 16.08 |
| 31 Mar 2023 | 40.99 | 23.59 | 2.03 | 11.19 | 5.69 | 19.34 |
| 31 Mar 2022 | 43.89 | 63.01 | 1.73 | 9.16 | 3.66 | 26.52 |
Key Performance Indicators (KPI)
| 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 |
| EPS (Pre IPO) | 1.66 |
| EPS (Post IPO) | 3.58 |
| P/E (Pre IPO) | 32.59 |
| P/E (Post IPO) | 15.08 |
Objects of the Issue
| S.No. | Objects of the Issue | Expected Amount (₹ Million) |
|---|---|---|
| 1 | Expansion of existing peeling capacity at existing processing unit at Shankarpur Road, Kaluya Sanda, Kuliyata, West Bengal 721441 | 24.79 |
| 2 | 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 721441 | 7.83 |
| 3 | Funding of working capital requirements of the Company | 60 |
| 4 | Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company | 60 |
| 5 | General corporate purposes | – |
About Essex Marine Ltd.
Incorporated: 2009
Business: Seafood processing & exporting—fish, ribbon fish, eel fish, marine fish, squid, mackerel, marine shrimp, vannamei shrimp.
Facility: Midnapur, West Bengal—modern IQF, plate/blast freezers, cold storage, HACCP, GMP, SSOP, FSSAI, BRC certified.
Exports: China, Belgium, Japan.
Location: Shankarpur, near Digha, Purba Medinipur, West Bengal.
Employees: 91 (as on Dec 31, 2024)
Promoters: Debashish Sen, Kajari Sen
- Strategic location of processing unit
- International certifications & quality
- Cost-effective, timely fulfilment
- Experienced management
Contact Details
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/
Frequently Asked Questions (FAQ)
The Essex Marine Ltd. IPO is a fixed-price initial public offering of ₹23.01 crore, comprising a fresh issue of 42.62 lakh equity shares with a face value of ₹10 each, to be listed on the BSE SME platform.
The IPO opens for subscription on August 4, 2025, and closes on August 6, 2025.
The issue price is ₹54 per share with a market lot of 2,000 shares.
- Retail Investors: Minimum 2 lots (4,000 shares) costing ₹2,16,000.
- HNI Investors: Minimum 3 lots (6,000 shares) costing ₹3,24,000.
Key tentative dates include:
- Basis of Allotment: August 7, 2025
- Refunds Initiation: August 8, 2025
- Credit of Shares to Demat: August 8, 2025
- Listing Date: August 11, 2025
You can apply through:
- Your bank’s net banking platform (ASBA facility)
- Brokerage accounts (online or offline)
- Registered investment platforms
- Designated branches of syndicate banks
Details will be available in the IPO prospectus or through the registrar, Skyline Financial Services Private Ltd.
Essex Marine Ltd., incorporated in 2009, specializes in seafood processing and exporting, handling products like fish, ribbon fish, eel fish, marine shrimp, and more. Key aspects include:
- Exports to China, Belgium, and Japan
- Modern facility in Midnapur, West Bengal with IQF, freezers, and cold storage
- Certifications: HACCP, GMP, SSOP, FSSAI, BRC
- Strategic location near Digha for cost-effective operations
Key risks include:
- Market Risk: Dependence on export markets like China, Belgium, and Japan
- Regulatory Risk: Compliance with food safety and export regulations
- Operational Risk: Potential disruptions in supply chain or processing
- Economic Risk: Sensitivity to global seafood demand and price fluctuations
- Debt Risk: High debt-to-equity ratio of 2.97
Investors should review the risk factors in the IPO prospectus.
The net proceeds will be used for:
- Expansion of peeling capacity at the West Bengal unit (₹24.79 million)
- Setting up a "Ready-to-Cook" section with blanching (₹7.83 million)
- Funding working capital requirements (₹60 million)
- Repayment/pre-payment of borrowings (₹60 million)
- General corporate purposes
As of December 31, 2024:
- Total Income: ₹29.86 crore
- Profit After Tax: ₹4.10 crore
- Net Worth: ₹17.11 crore
- Total Borrowings: ₹20.91 crore
- Debt/Equity Ratio: 2.97
Refer to the financials section for detailed historical data.
Key stakeholders and registrar:
- Promoters: Debashish Sen and Kajari Sen (Pre-IPO holding: 99.99%, Post-IPO: 72.08%)
- Market Maker: Khandwala Securities Ltd
- Registrar: Skyline Financial Services Private Ltd
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