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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹23.01 Cr |
| Reserved for Market Maker | ₹1.16 Cr |
| Net Issue Size | ₹23.01 Cr |
| Fresh Issue | ₹21.86 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹54.00 per share |
| BSE Code | 544475 |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| Lead Managers | Khandwala Securities Ltd. |
| Allotment Status | |
| DRHP |
| Final Prospectus |
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Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 4,000 shares · Multiples of 2,000 shares
Incorporated in 2009, Essex Marine Limited is a seafood processing and exporting company.
The company procures, processes, stores, and exports quality fish and aquaculture products, including ribbon fish, eel fish, marine fish, squid, and mackerel, to countries like China, Belgium, and Japan.
Their processing facility in Midnapur, West Bengal, is equipped with modern machinery such as IQF with Glazer and Hardener, plate freezers, blast freezers, and cold storage chambers, adhering to international standards like HACCP, GMP, SSOP, FSSAI, and BRC.
The company operates across the frozen fish and shrimp supply chain, sourcing from India’s eastern coast, processing, and exporting products to international customers.
The company’s modern processing facility is located at Shankarpur, near Digha, a major landing center in Purba Medinipur, West Bengal an area known for high Vannamei aquaculture production.
Product Portfolio:
As on December 31, 2024, the Company has 91 employees on payroll.
Competitive Strengths:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of existing peeling capacity at existing processing unit at Shankarpur Road, Kaluya Sanda, Kuliyata, West Bengal 721441 | 2.48 |
| 2 | 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 |
| 3 | Funding of Working Capital Requirement of the company | 6.00 |
| 4 | Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company | 7.15 |
| 5 | General Corporate Purposes | 3.43 |
| 6 | Issue Expenses | 3.17 |
| Total | 23.01 |
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 49.09 | 34.26 | 40.99 |
| Total Income | 39.93 | 21.11 | 23.59 |
| Profit After Tax | 4.67 | 1.82 | 2.03 |
| EBITDA | 9.44 | 4.99 | 6.01 |
| NET Worth | 17.68 | 13.01 | 11.19 |
| Reserves and Surplus | 6.68 | 7.51 | 5.69 |
| Total Borrowing | 23.90 | 16.08 | 19.34 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 30.40% |
| ROCE | 18.87% |
| Debt / Equity | 2.40% |
| RoNW | 26.39% |
| PAT Margin | 12.53% |
| EBITDA Margin | 25.35% |
| Price to Book Value | 3.36 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.24 | 3.06 |
| P/E (x) | 12.73 | 17.67 |
| Promoter Holding | 99.99% | 72.08% |
| Market Cap | ₹82.41 Cr. | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the LM | 0.99 |
| 2 | Fees payable to the Underwriter (including underwriting commission, brokerage and selling commission) | 0.23 |
| 3 | Selling Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer and fee payable to the Sponsor Bank for Applications made by RIIs. Brokerage, underwriting commission and selling commission and applying charges for Members of the Syndicate, Registered Brokers, CRTAs and CDPs | 1.61 |
| 4 | Fees payable to the Registrar of the Offer | 0.02 |
| 5 | Fees payable to the other advisors to the Offer/ Company | |
| 6 | Fees payable to other professional like fees payable to professional providing expert opinion on financial statements, chartered engineers, practicing company secretary | |
| 7 | Listing fees, SEBI fees, Stock Exchange processing fees, ASBA software fees, and other regulatory expenses | 0.10 |
| 8 | Printing and distribution of Offer Stationery | 0.02 |
| 9 | Advertising and Marketing Expenses | 0.12 |
| 10 | Fees payable to the Legal Advisor to the Offer | 0.05 |
| 11 | Miscellaneous | 0.03 |
Last Updated on 04-Aug-2025 10:03:16
