Essex Marine IPO
Essex Marine IPO
Overview
Essex Marine IPO is a fixed price of ₹23.01 crores. The issue is entirely a fresh issue of 42.62 lakh shares. Essex Marine IPO bidding opened for subscription on August 4, 2025 and will close on August 6, 2025. The allotment for the Essex Marine IPO is expected to be finalized on Thursday, August 7, 2025. Essex Marine IPO will be list on BSE SME with a tentative listing date fixed as Monday, August 11, 2025. Essex Marine IPO price is ₹54 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,16,000 (4,000 shares). The minimum lot size investment for HNI is 3 lots (6,000 shares) amounting to ₹3,24,000. Khandwala Securities Limited is the book-running lead manager of the Essex Marine IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.The market maker for Essex Marine IPO is Gretex Share Broking Private Limited.
Total Shares
42,62,000
Issue Size
₹23.01 Cr
Price Band
₹54 – ₹54
Lot Size
2000 shares
Min. Investment
₹2,16,000
Max. Investment
₹2,16,000
Open Date
04 Aug, 2025
Close Date
06 Aug, 2025
Allotment
07 Aug, 2025
Listing
11 Aug, 2025
Max. Investment
₹2,16,000
Announced
04 Aug, 2025
Opening Date
04 Aug, 2025
Closing Date
06 Aug, 2025
Basis of Allotment
07 Aug, 2025
Initiation of Refunds
08 Aug, 2025
Credit of Shares
08 Aug, 2025
Listing Date
11 Aug, 2025
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About Essex Marine IPO
Incorporated in 2009, Essex Marine Limited is a seafood processing and exporting company.
The company procures, processes, stores, and exports quality fish and aquaculture products, including ribbon fish, eel fish, marine fish, squid, and mackerel, to countries like China, Belgium, and Japan.
Their processing facility in Midnapur, West Bengal, is equipped with modern machinery such as IQF with Glazer and Hardener, plate freezers, blast freezers, and cold storage chambers, adhering
Essex Marine IPO Share Price
Issue Breakdown
Shareholding
Dilution: 38.7% increase in shares
Essex Marine IPO Promoters Holding
Essex Marine IPO Financial Health
Essex Marine IPO Lot Size
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4000 | ₹2,16,000 |
| Individual investors (Retail) (Max) | 2 | 4000 | ₹2,16,000 |
| HNI (Min) | 3 | 6000 | ₹3,24,000 |
(All values in CR)
Essex Marine IPO Valuations
The market capitalization of Essex Marine IPO is ₹82.41 Cr. KPI as of Sun, Mar 31, 2024.
| Metric | Value |
|---|---|
| ROE | 15.06% |
| ROCE | 14.40% |
| Debt/Equity | 2.97 |
| RoNW | 14.01% |
| PAT Margin | 9.52% |
| Price to Book Value | 4.56 |
(All values in CR)
Essex Marine IPO Strength & Risk
Essex Marine IPO Strength:
Strategically located plant in Shankarpur ensures proximity to raw seafood catch.
Holds international certifications (HACCP, BRC, FSSC V5.1) for export market compliance.
Over 80% revenue in FY24 from repeat customers, indicating stable business relationships.
Experienced promoters with 16+ years in seafood processing and exports.
Expansion plans in place to increase production capacity and launch ready-to-cook products.
Backed by strong demand trends in India’s frozen seafood export industry.
Revenue growth supported by job work and export-centric model.
Essex Marine IPO Risk:
Vulnerable to shrimp diseases like White Spot Virus, affecting production and exports.
High dependence on a few products (mainly peeled shrimp and fish).
Top 5 customers contribute over 50% of revenue — customer concentration risk.
Export dependence exposes the company to currency, regulatory, and geopolitical risks.
No long-term contracts with raw material suppliers — pricing and supply risks exist.
Limited operational experience in new product segments like ready-to-cook items.
Job-work processing model lacks assured volumes from clients.
Faces competition from global players like Vietnam and Thailand, putting pressure on margins.
Essex Marine IPO Subscriptions Status
Essex Marine IPO subscribed 2.91 times. The public issue subscribed 4.95 times in the individual investors category, [.] times in QIB, and 0.87 times in the NII category by August 6, 2025 5:04:35 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Market Maker | 1.00 | 2,14,000 | 2,14,000 | 1.16 |
| Non-Institutional Buyers | 0.87 | 20,24,000 | 17,66,000 | 9.54 |
| Individual Investors (IND category bidding for 2 Lots) | 4.93 | 20,24,000 | 99,88,000 | 53.94 |
| Total | 2.91 | 40,48,000 | 1,17,66,000 | 63.54 |
Essex Marine IPO GMP
Essex Marine SME IPO last GMP is ₹0, last updated Aug 8th 2025 04:57 PM. With the price band of 54.00, Essex Marine SME IPO's estimated listing price is ₹54 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%. The lowest GMP is ₹0.00, while the highest GMP is ₹11.00.
Last updated 08 Aug, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 08 Aug, 2025 | 0 | ₹0 | - | ₹54 (0.00%) | - | 08 Aug, 2025 |
| 07 Aug, 2025 | 0 | ₹0 | - | ₹54 (0.00%) | - | 07 Aug, 2025 |
| 06 Aug, 2025 | 54 | ₹0 | - | ₹57 (0.00%) | - | 06 Aug, 2025 |
| 05 Aug, 2025 | 54 | ₹0▼ | - | ₹54 (0.00%) | - | 05 Aug, 2025 |
| 04 Aug, 2025 | 54 | ₹11 | 16700 | ₹65 (20.37%) | 22000 | 04 Aug, 2025 |
| 03 Aug, 2025 | 54 | ₹11▲ | 16700 | ₹65 (20.37%) | 22000 | 03 Aug, 2025 |
| 02 Aug, 2025 | 54 | ₹3 | 4600 | ₹57 (5.56%) | 6000 | 02 Aug, 2025 |
| 01 Aug, 2025 | 54 | ₹3 | 4600 | ₹57 (5.56%) | 6000 | 01 Aug, 2025 |
| 31 Jul, 2025 | 54 | ₹3▲ | 4600 | ₹57 (5.56%) | 6000 | 31 Jul, 2025 |
| 30 Jul, 2025 | 54 | ₹0 | - | - | - | 30 Jul, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Essex Marine IPO
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Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Essex Marine IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
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Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.