Essex Marine Ltd, a seafood exporter headquartered in Kolkata, West Bengal, is launching its Initial Public Offering (IPO) via a fixed price issue worth ₹23.01 crore. The issue consists entirely of a fresh issue of 42.62 lakh equity shares, priced at ₹54 per share.

The IPO opens for subscription on August 4, 2025, and closes on August 6, 2025. Allotment is expected to be finalized by August 7, and the stock will list on the BSE SME platform tentatively on August 11, 2025.

The minimum investment for retail investors is 4,000 shares (2 lots), requiring a capital outlay of ₹2,16,000. The issue is being managed by Khandwala Securities Limited, with Skyline Financial Services Private Limited acting as the registrar. Gretex Share Broking Limited is the designated market maker.

Company Profile

Founded over 16 years ago, Essex Marine Ltd is engaged in the processing and export of frozen marine fish and shrimp, including aquaculture Vannamei shrimp. Products are sold under the brand name “Essex” to customers in China, Europe, and Israel. The company offers varying degrees of value-added seafood products, catering to international quality standards.

Their production facility is located at Shankarpur Road, Kaluya Sanda, West Bengal, and they plan to expand their capacity and add ready-to-cook sections through IPO proceeds.

Management & Leadership

The company is led by Debashish Sen, Promoter and Managing Director, who has significant experience in the Indian seafood sector. He oversees corporate strategy, expansion, and stakeholder relations. His leadership has driven operational improvements and consistent revenue growth.

Objectives of the Issue

The net proceeds from the IPO will be utilised for:

1. ₹247.93 lakh for expansion of peeling capacity at the existing processing unit.

2. ₹78.25 lakh for setting up a ready-to-cook blanching section.

3. ₹600 lakh for funding working capital requirements.

4. ₹715 lakh for repayment/pre-payment of secured borrowings.

5. ₹343.16 lakh for general corporate purposes.

Financial Performance Snapshot

The numbers reflect strong revenue growth in FY25 after a modest dip in FY24. Profit after Tax nearly tripled over the last fiscal, indicating improved profitability.

Key Valuation Metrics

• Pre-Issue EPS (FY24): ₹4.24

• Post-Issue EPS (FY24): ₹3.06

• Pre-Issue P/E: 12.73x

• Post-Issue P/E: 17.67x

• Industry P/E: ~19x

• ROCE (FY24): 18.87%

• ROE (FY24): 30.40%

• RoNW: 26.39%

The valuations indicate that the IPO is fairly priced, neither heavily discounted nor overvalued.

IPO Grey Market Premium (GMP)

As of July 31, 2025, the GMP for Essex Marine stands at ₹0, implying no premium over the issue price. The expected listing price is therefore ₹54, equal to the IPO price. No speculative upside is anticipated in the grey market, and GMP trends suggest muted investor enthusiasm.

Note: GMP is unofficial and unregulated. It does not guarantee actual listing performance.

IPO Allotment – How to Check

Investors can check their Essex Marine IPO allotment status on or after August 7 using the following steps:

1. Visit the registrar website – Skyline Financial Services Private Limited

2. Select Essex Marine Limited IPO from the dropdown

3. Enter your application number, PAN, or DP Client ID

4. Submit and view your allotment status

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   Disclaimer

   The above analysis is for educational and informational purposes only and does not constitute investment advice. IPO investments are subject to market risks. Kindly consult your financial advisor before investing.

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   The Upcoming IPOs in this week and coming weeks are BLT Logistics, Bhadora Industries, Highway Infrastructure, Parth Electricals & Engineering, Jyoti Global Plast, Essex Marine, Aaradhya Disposal Industries.

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   The Current active IPO are Flysbs Aviation, Cash Ur Drive Marketing, Renol Polychem, B.D. Industries (Pune), NSDL, Takyon Networks, Mehul Colours, M&B Engineering, Sri Lotus Developers & Realty.

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   Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

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