Essex Marine Ltd, a seafood processing and exporting company based in Midnapur, West Bengal, is set to launch its initial public offering (IPO) in August 2025. This article provides a comprehensive overview of the company’s IPO details, financial performance, business model, and expert insights for potential investors.

Company Overview:
Seafood Processing and Exporting various seafood products including fish and shrimp
Founded: 2009
Industry: Seafood Processing and Exporting
Business Model: Processing and exporting various seafood products including fish and shrimp
Founders: Sri Debashish Sen (Managing Director)
Revenue: ₹29.86 crore (latest available)
Customers: Primarily B2B seafood export clients

IPO Details:
IPO Type: Mainline IPO
Issue Size: 42,62,000 shares
Offer for Sale (OFS): NA
Price Band: ₹54 per share
Lot Size: 2000
GMP: ₹0 (Grey Market Premium as of last update)
Open Date: 4 Aug 2025
Close Date: 6 Aug 2025
Listing Date: 10 Aug 2025

IPO Objectives:
To raise approximately ₹23.01 crore through this fresh issue
To expand processing capacity and improve infrastructure

Pre-IPO Placements:
Amount Raised: Not specifically disclosed, promoters’ shareholding to reduce from 99.99% to 72.08% post-IPO
Major Investor: Promoters largely hold equity pre-IPO; no significant external pre-IPO investors disclosed

Financial Highlights:
Year: FY 2023
Revenue: ₹21.11 crore
PAT: ₹1.82 crore
ROE: Not explicitly reported

Year: FY 2022
Revenue: Data not available
PAT: Data not available
ROE: Data not available

Peer Comparison:
Peer companies data not explicitly available for direct comparison

Strengths:
Well-established seafood processing and exporting operations in West Bengal
Promoter led by experienced managing director Sri Debashish Sen
Growing revenue trend and improving profitability
IPO proceeds aimed at expanding capacity and reducing debt, supporting future growth

Risks:
Dependence on export markets which can be impacted by global trade policies and demand fluctuations
Exposure to seafood supply chain disruptions and raw material price volatility
IPO subscription may face competition from investors considering multiple upcoming IPOs

Expert Verdict:
Essex Marine Ltd’s IPO offers investors an opportunity to invest in a niche seafood processing company with solid local presence and growth aspirations. The company has demonstrated growth in revenues and profitability. The IPO’s modest pricing and use of proceeds for capacity expansion and debt reduction present a favorable outlook, but investors should consider market dynamics and sector-specific risks.

FAQs:
What is the IPO price band for Essex Marine Ltd?
The IPO price band is fixed at ₹54 per equity share.

When does the Essex Marine Ltd IPO open and close?
The lot size is 2,000 shares per lot with a minimum investment of ₹1,08,000.

Where will Essex Marine Ltd be listed?
The company will be listed on the BSE, with the listing date on August 10, 2025.

What are the main objectives of the IPO?
The IPO aims to raise funds to expand processing capacity, reduce debt, and support general corporate purposes.

How to Apply for Essex Marine Ltd IPO:
Investors can apply for the Essex Marine Ltd IPO through their demat accounts via online trading platforms or by submitting a physical application form at the bank or brokerage offices during the IPO subscription period from August 4 to August 6, 2025.