- Issue price
- ₹54per share
- Issue size
- ₹23.01 Cr42,62,000 shares
- Face value
- ₹10per equity share
- Lot size
- 2,000 sharesMin. ₹1.08 L at the upper price
- OpensMon, 2025
- ClosesWed, 2025
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 42,62,000 shares (₹23.01 Cr)
- Offer for sale
- None
- Total issue
- 42,62,000 shares (₹23.01 Cr)
- Market maker portion
- 2,14,000 shares
- Face value
- ₹10
- Listing at
- BSE SME
- Promoter holding
- 99.99% → 72.08%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail47.5%
- NII47.5%
- Market maker5.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 20,24,000 | 50.00% | 50% |
| Non-institutional investors (NII) | 20,24,000 | 50.00% | — |
| Small NII (₹2–10 lakh) | — | — | — |
| Big NII (above ₹10 lakh) | — | — | — |
| Market maker | 2,14,000 | — | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹54 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 2 | 4,000 | ₹2.16 L |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹4.24
- P/E
- 12.74×
- RoNW
- 26.39%
- NAV per share (At Issue Price)
- ₹26.66
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|
| Revenue from operations | 37.22 | 19.15 | 21.90 |
| Total income | 39.93 | 21.11 | 23.59 |
| EBITDA | 9.44 | 4.99 | 6.01 |
| Profit after tax | 4.67 | 1.82 | 2.03 |
| Net worth | 17.68 | 13.01 | 11.19 |
| Reserves and surplus | 6.68 | 7.51 | 5.69 |
| Total assets | 49.09 | 34.26 | 40.99 |
| Total borrowing | 23.90 | 16.08 | 19.34 |
FY 2024-25 vs FY 2023-24: revenue +94.4%, profit after tax +155.9%.
Source: ProspectusUpdated
About the company
Processes and exports frozen marine fish and shrimp, including aquaculture vannamei shrimp, under the Essex brand. It also performs job work for merchant exporters and operates a dry and cold store in Kolkata. Its processing unit is located near a major landing centre on the eastern coast of India.
- Incorporated
- 2009
- Industry
- Food Processing
- Sector
- Food and Agriculture
- CIN
- U74900WB2009PLC138018
- Website
- essexmpl.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Before issue | After issue |
|---|---|---|
| Debashish Sen | 91.85% | 66.21% |
| Kajari Sen | 8.14% | 5.87% |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Expansion of peeling capacity at existing Shankarpur processing unit | 2.48 |
| Setting up ready-to-cook section by adding blanching at existing unit | 0.78 |
| Funding working capital requirements | 6.00 |
| Repayment or pre-payment of certain borrowings | 7.15 |
| General corporate purposes | 3.43 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Kings Infra Ventures Limited | ₹5.31 | 25.23× | 18.38% | ₹29.01 |
| Zeal Aqua Limited | ₹0.8 | 14.02× | 11.33% | ₹7.07 |
| Essex Marine LimitedIssuer | ₹4.24 | 12.74× | 26.39% | ₹16.07 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Integrated processor and exporter of frozen fish and shrimp with over 16 years of operating history.
- Processing unit located close to a major landing centre and raw material sources.
- Certifications including FSSC V5.1, BRC and HACCP for its processing unit.
- Revenue is concentrated in export customers in China, Europe and Israel.
- Holds One Star Export House status.
Risks
- Heavy dependence on a few products, mainly aquaculture vannamei shrimp and marine fish.
- High customer concentration, with top five customers at about 45% of FY 2024-25 revenue and no long-term contracts.
- Exposure to biosecurity risks and disease outbreaks in shrimp and fish.
- Revenue and profitability are sensitive to weather and environmental events.
- Issue proceeds and expansion plans depend on the company arranging remaining funding if shortfalls arise.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹54) appear here after the shares list on BSE SME.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Essex Marine IPO open and close?
According to the Prospectus, the issue opens on Monday, 4 August 2025 and closes on Wednesday, 6 August 2025.
What is the Essex Marine IPO price band?
The final issue price is ₹54 per share.
What is the lot size of the Essex Marine IPO?
One lot is 2,000 shares, which is ₹1.08 L at ₹54 per share.
Where will Essex Marine shares list?
On BSE SME.
Who is the registrar of the issue?
Skyline Financial Services Private Limited (SEBI registration INR000003241). Allotment status is checked on the registrar's website.
How do I check the Essex Marine IPO allotment status?
Search by PAN, application number or DP/client ID on the registrar's website (Skyline Financial Services Private Limited) or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹2.48 Cr for expansion of peeling capacity at existing Shankarpur processing unit, ₹78.25 L for setting up ready-to-cook section by adding blanching at existing unit, ₹6 Cr for funding working capital requirements, ₹7.15 Cr for repayment or pre-payment of certain borrowings, ₹3.43 Cr for general corporate purposes.
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