On the last day, the Essex Marine IPO was subscribed 2.91 times overall, while the retail quota was subscribed 4.95 times, QIB 0.00 times, and the NII quota 0.87 times, respectively.
Essex Marine IPO Details
Essex Marine received approval from SEBI for its IPO of ₹23.01 crores, a fresh issue of ₹23.01 crore with a face value of ₹10 per share. It has a set price band of ₹54 Per Share.
Essex Marine Funds Utilisations
- Expansion of existing peeling capacity at the existing processing unit at Shankarpur Road, Kaluya Sanda, Kuliyata, West Bengal 721441
- 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
- Funding of the working capital requirements of the Company
- Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company
- General corporate purposes
Essex Marine Shares Distributions
Moreover, the retail category had 4000 shares in a 2-lot size, with a minimum application and a maximum application.
S-HNI got 6000 shares in 3 lot sizes.
To participate in this IPO, each investor group has a tailored investment range
- Retail Minimum Application:- ₹2,16,000
- Retail Maximum Application:-₹2,16,000
- S-Hni Application:- ₹3,24,000
Essex Marine Subscription Duration
Started on August 4, 2025, and closed on August 6, 2025. The allotment was on August 7, 2025. Essex Marine’s IPO listing is today, August 11, 2025.
About Essex Marine IPO
Essex Marine is a top company that produces processed fish and shrimp. It is located in Kolkata, West Bengal.
Moreover, their main products include various types of marine fish, shrimp, and farm-raised vannamei shrimp. Due to its fame, the company has a majority of the consumers from China and Europe that including food services distributors and warehouse chains.
They also have a dry and cold storage facility in central Kolkata to store different types of frozen food. They follow international quality standards and always try to improve their system to meet customer expectations. They also make sure deliveries are on time with an efficient distribution system.
Essex Marine IPO Financial Background
The company reported revenue of ₹21.11 crores in 2024 against ₹23.59 crores in 2023. The company reported a profit of ₹1.82 crores in 2024 against a profit of ₹2.03 crores in 2023.
