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Essex Marine IPO
2.90xsubscribed

Essex Marine IPO

listed
₹2.16LMin. investment

Essex Marine Limited IPO Details

Price range₹54.00 – ₹54.00
IPO type
SME
Lot size2000 shares
Issue size₹23Cr
Draft Red Herring Prospectus
Read

Essex Marine IPO Subscription Status

Date
QIB
NII
Retail
Total
04-Aug-25
0.0 times (X)
0.1 times (X)
0.47 times (X)
0.28 times (X)
05-Aug-25
0.0X
0.35X
2.56X
1.46X
06-Aug-25
0.0X
0.87X
4.93X
2.9X

As on 04-Aug-25, 5:30 PM

Essex Marine IPO Timeline

  1. Pre-apply
    3 Aug 2025
  2. Bid start
    4 Aug 2025
  3. Bid end
    6 Aug 2025
  4. Allotment
    7 Aug 2025
  5. Release of funds
    8 Aug 2025
  6. Demat transfer
    8 Aug 2025
  7. Listing
    11 Aug 2025

About Essex Marine Limited

Incorporated in 2009, Essex Marine is an integrated player in the frozen fish and shrimp supply chain, handling procurement, processing, and exports. As of Dec 31, 2024, its installed capacities include 5,717 MT for shrimp, 4,258 MT for fish, and 3,942 MT for peeling. It also operates a 1,800 MT dry and cold storage facility in Tangra, Kolkata. The company derives 80.62% of its revenue from repeat customers, with the top 10 and top 5 contributing 83.37% and 53.30%, respectively. Its product mix includes marine fish (36.75%) and vannamei shrimp (63.25%). Revenue is primarily from exports (73.02%), followed by job work (17.33%) and storage rentals (9.65%), with minimal domestic sales.

Checklist

Quality analysis
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Objectives of Essex Marine Limited IPO

General Corporate Purposes
33.70%
Spending is limited to the lesser of 15% of gross proceeds or ₹10.00 crore.
Working capital
26.08%
The company will spend ₹6 crore towards its working capital requirements
Repayment of borrowings
26.08%
The company will utilise ₹6 crore for repayment of borrowings.
Capital expenditure
14.12%
The company will use ₹3.25 crore for expansion of peeling capacity and setting up of RTC section.

Essex Marine IPO Contact Details

Company NameEssex Marine Limited

How to apply for Essex Marine IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Essex Marine Limited IPO FAQs