Essex Marine Limited is a seafood processing and exporting company based in West Bengal, India. The company specializes in procuring, processing, storing, and exporting a range of high-quality marine and aquaculture products, including ribbon fish, eel fish, squid, mackerel, and marine shrimp. Its exports reach diverse international markets such as China, Belgium, and Japan.
The company operates across the entire frozen fish and shrimp supply chain — sourcing raw seafood from India’s eastern coast, processing it at its own facility, and exporting finished products to overseas buyers. Its modern processing facility is strategically located at Shankarpur, near Digha, a major seafood landing centre in Purba Medinipur, West Bengal, renowned for its high production of Vannamei shrimp.
The Midnapur-based plant is equipped with advanced machinery like IQF with Glazer and Hardener, plate freezers, blast freezers, and cold storage chambers, ensuring compliance with leading international quality standards such as HACCP, GMP, SSOP, FSSAI, and BRC.
Product portfolio includes:
- Marine fish
- Marine shrimp
- Aquaculture Vannamei shrimp
As of December 31, 2024, Essex Marine Limited employs 91 people, driving its commitment to quality and operational excellence in the global seafood market.
Essex Marine IPO – Details
| IPO Opening Date | 04 August 2025 |
| IPO Closing Date | 06 August 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 42,62,000 Shares Worth ₹23.01 Crore Fresh Issue: 42,62,000 Shares Worth ₹23.01 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹54 per share |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Skyline Financial Services Private Ltd |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Essex Marine IPO – Date Schedule
| IPO Open Date | 04 August 2025 |
| IPO Close Date | 06 August 2025 |
| Basis of Allotment | 07 August 2025 |
| Initiation of Refund | 08 August 2025 |
| Credit of Shares to Demat | 08 August 2025 |
| IPO Listing Date | 11 August 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 06, 2025 |
Essex Marine IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,16,000 |
| Retail (Max) | 2 | 4,000 | ₹2,16,000 |
| HNI (Min) | 3 | 6,000 | ₹3,24,000 |
Competitive Strengths
- Strategic location of the processing unit.
- Geographical presence.
- Quality Assurance and Quality Control of the products.
- Strong, cordial & long-term relationship with the customers.
- Cost effective production and timely fulfilment of orders.
- Well experienced management team.
Company Promoters
- Debashish Sen
- Kajari Sen
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹23.59 Cr | ₹20.74 Cr | ₹2.03 Cr | ₹19.34 Cr |
| 31 March 2024 | ₹21.11 Cr | ₹18.52 Cr | ₹1.82 Cr | ₹16.08 Cr |
| 31 March 2025 | ₹39.93 Cr | ₹33.66 Cr | ₹4.67 Cr | ₹23.90 Cr |
Key Performance Indicator
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.66 | 3.58 |
| P/E (x) | 32.59 | 15.08 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| xpansion of existing peeling capacity at existing processing unit at Shankarpur Road, Kaluya Sanda, Kuliyata, West Bengal 721441 | ₹2.48 |
| 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 | ₹0.78 |
| Funding of working capital requirements of the Company | ₹6.00 |
| Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company | ₹6.00 |
| General Corporate Purposes. |
✅Strengths
- Modern processing facility near Shankarpur, a major seafood hub.
- Certified under HACCP, BRC, GMP, FSSAI standards.
- Exports to China, Europe, and Japan.
- Long-term relationships with large customers.
- Experienced management team.
⚠️Risks
- High dependence on shrimp and few key buyers.
- Sensitive to disease outbreaks in aquaculture.
- Export-heavy business exposed to geopolitical and currency risks.
- Seasonal demand fluctuations.
- Strong competition from local and global players.
Essex Marine IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 72.08% |
Essex Marine IPO Prospectus
Company Contact Information
| Essex Marine Ltd. 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/ |
Essex Marine IPO Registrar
| Skyline Financial Services Private Ltd Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Essex Marine IPO Lead Manager(s)
| 1. Khandwala Securities Limited |
Essex Marine IPO FAQ
| What is Essex Marine IPO? Essex Marine IPO is an SME IPO. The issue is priced at ₹54 per equity share. The IPO is to be listed on BSE SME. |
| When Essex Marine IPO will open? The IPO is to open on 04 August 2025 for QIB, NII, and Retail Investors. |
| What is Essex Marine IPO Investors Portion? The investors’ portion for NII – 50%, and Retail – 50%. |
| How to Apply the Essex Marine IPO? You can apply Essex Marine IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Essex Marine IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Essex Marine IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Essex Marine IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Essex Marine IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Essex Marine IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Essex Marine IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Essex Marine IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Essex Marine IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is the Essex Marine IPO Size? Essex Marine IPO size is ₹23.01 Crore. |
| What is the Essex Marine IPO Price Band? Essex Marine IPO Price Band is ₹54. |
| What is Essex Marine IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 4000 Shares with ₹2,16,000 amount, while the maximum bid is 4000 Shares with ₹2,16,000. |
| What is the Essex Marine IPO Allotment Date? Essex Marine IPO allotment date is 07 August 2025. |
| What is the Essex Marine IPO Listing Date? Essex Marine IPO listing date is 11 August 2025. The IPO is to be listed on the BSE SME. |
