Popular Analysis

What is the latest news of Essex Marine IPO?

The company will enter the market on 4 August 2025.

About Essex Marine

Incorporated in 2009, Essex Marine Limited is engaged in the processing and export of seafood. The company procures, processes, stores, and exports a wide range of fish and aquaculture products, including ribbon fish, eel fish, marine fish, squid, and mackerel, catering to international markets such as China, Belgium, and Japan.

Its modern processing facility at Shankarpur, near Digha in Purba Medinipur, West Bengal, is strategically located in a region well known for high Vannamei aquaculture production. The plant is equipped with advanced machinery including IQF with Glazer and Hardener, plate freezers, blast freezers, and cold storage chambers, and adheres to international food safety and quality standards like HACCP, GMP, SSOP, FSSAI, and BRC.

Essex Marine operates across the frozen fish and shrimp supply chain, sourcing from India’s eastern coast, processing with global compliance standards, and supplying to reputed overseas customers.

Essex Marine IPO Details

Sector: Seafood Exports

IPO opens on  4 August 2025
IPO closes on  6 August 2025
Issue Type Book Built Issue IPO
Issue Size 42,62,000 Shares /
Rs 23.01 Crore
* Fresh Issue
* Offer for Sale –
Market Maker Portion 2,14,000 Shares
Net offer to Public 40,48,000 Shares
Rs. 21,86 Crores
Face Value per share Rs. 10
Price Band Rs. 54
Employee discount  Rs. 0 per share
Retail Lot Size  2000 Shares
Listing will at  BSE SME

How shares are being offered

Investor Category Shares Offered
Retail Shares Offered 50% of the Net Issue
NII Shares Offered 50% of the Net Issue

How shares can be applied?

Application Lots Shares Amount
Individual investors (Retail) (Min) 2 4,000 Rs.2,16,000
Individual investors (Retail) (Max) 2 4,000 Rs.2,16,000
HNI (Min) 3 6,000 Rs.3,24,000

 

Who are the Promoters of Essex Marine IPO?

Debashish Sen and Kajari Sen are the promoters of the company.

The promoters hold 99.99% of the pre-IPO capital

What are the Objects of Essex Marine IPO?

The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects

+Expansion of existing peeling capacity at existing processing unit at Shankarpur Road, Kaluya Sanda, Kuliyata, West Bengal 721441 Rs. 2.48 Cr.
+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 Rs. 0.78 Cr.
+Funding of working capital requirements of the Company Rs. 6 Cr.
epayment/pre-payment, in full or in part, of certain borrowings availed by the Company Rs. 6 Cr.
+General Corporate Purposes

Essex Marine IPO Timetable

Tentative timetable

IPO opens on 4 August 2025
IPO Closes on 6 August 2025
IPO Allotment on  7 August 2025
Refund Initiation  7 August 2025
Credit of Shares 8 August 2025
Listing on 11 August 2025
Registered Office of the Company
Essex Marine Ltd.
19, Pollock Street,
7th Floor,
Room No.7
Kolkata, West Bengal, 700001
Lead Managers of this IPO
Khandwala Securities ltd
Who is the Registrar to the IPO?
Skyline Financial Services Pvt  ltd

Essex Marine IPO Financials

Period Ended 31-Dec-24 31-Mar-24 31-Mar-23 31-Mar-22
Assets 49.75 34.26 40.99 43.89
Revenue 29.86 21.11 23.59 63.01
Profit After Tax 4.1 1.82 2.03 1.73
Net Worth 17.11 13.01 11.19 9.16
Reserves and Surplus 11.61 7.51 5.69 3.66
Total Borrowing 20.91 16.08 19.34 26.52
Amount in Rs. Crore

 

Performance Indicators

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 1.66
PE R 32.29

 

 

 

 

How Essex Marine IPO compares with the Peers?

Company Name P/E (x) RoNW (%)
Essex Marine 12.74 26.39
Kings Infra Ventures 25.23 18.38
Zeal Aqua 14.02 11.33

 

 

 


 

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Chanakya’s IPO Review – Essex Marine by Paresh Gordhandas, CA & Research Analyst

Essex Marine Limited
Incorporated in 2009, Essex Marine Limited is engaged in the processing and export of seafood. The company procures, processes, stores, and exports a wide range of fish and aquaculture products, including ribbon fish, eel fish, marine fish, squid, and mackerel, catering to international markets such as China, Belgium, and Japan.

Its modern processing facility at Shankarpur, near Digha in Purba Medinipur, West Bengal, is strategically located in a region well known for high Vannamei aquaculture production. The plant is equipped with advanced machinery including IQF with Glazer and Hardener, plate freezers, blast freezers, and cold storage chambers, and adheres to international food safety and quality standards like HACCP, GMP, SSOP, FSSAI, and BRC.

Essex Marine operates across the frozen fish and shrimp supply chain, sourcing from India’s eastern coast, processing with global compliance standards, and supplying to reputed overseas customers.

Valuation & Investment View
The company benefits from strong export demand, modern processing facilities, and strategic location advantages. Its compliance with international quality standards enhances credibility in global markets. However, the IPO carries a high minimum investment requirement (Rs. 2.16 lakh for retail investors), and as an SME issue, it involves higher liquidity and market risks. Investors with a medium‑ to long‑term horizon and higher risk appetite may consider subscribing, particularly if grey market trends remain supportive.

Quicklinks


Essex Marine IPO GMP

 
Essex Marine IPO review

Q1. What is Essex Marine IPO?

Essex Marine Limited, incorporated in 2009, is coming out with its IPO. The company is engaged in seafood processing and exports, dealing in ribbon fish, eel fish, squid, mackerel, and other aquaculture products, with major markets in China, Belgium, and Japan.

Q2. What is the size of the Essex Marine IPO?

The IPO is a fixed price issue of Rs. 23.01 crores, comprising a fresh issue of 42.62 lakh shares.

Q3. When does the Essex Marine IPO open and close?

The IPO will open on August 4, 2025, and close on August 6, 2025. The allotment is likely on August 7, 2025, and the shares are expected to list on BSE SME on August 11, 2025.

Q4. What is the price of Essex Marine IPO shares?

The issue price is fixed at Rs. 54 per share.

Q5. Who are the key intermediaries for the Essex Marine IPO?

Lead Manager: Khandwala Securities Limited
Registrar: Skyline Financial Services Private Limited

Q6 Should you invest in Essex Marine IPO?

Essex Marine has strong export markets, a strategically located modern processing facility, and compliance with international food safety standards, which enhances its global credibility. However, the IPO has a high entry ticket (Rs. 2.16 lakh for retail investors) and, being an SME issue, carries higher risk and lower liquidity. Investors with a medium to long‑term horizon and higher risk appetite may consider subscribing, especially after reviewing valuations and grey market premium trends.

Leave a Reply

Your email address will not be published. Required fields are marked *