Essex Marine IPO is a fixed price issue aimed at raising ₹23.01 crore through a fresh issue of 42.62 lakh equity shares. The IPO bidding window remained open from August 4 to August 6, 2025, with allotment finalised on August 7, 2025. The company’s shares are proposed to be listed on the BSE SME platform on August 11, 2025. The IPO was priced at ₹54 per share, and investors could apply in minimum lots of 2,000 shares.
Retail investors had to apply for at least 4,000 shares (2 lots), amounting to ₹2,16,000, while the minimum investment for HNIs was 6,000 shares (3 lots), requiring ₹3,24,000.The IPO received bids for 1,17,90,000 shares against 40,48,000 shares available to the public, resulting in an overall subscription of 2.91 times. Retail individual investors led the response with a 4.95 times subscription, whereas the NII segment was subscribed 0.87 times.
Essex Marine’s ₹23.01 crore IPO was a fixed price issue, priced at ₹54 per share. It consisted entirely of a fresh issue of 42.62 lakh equity shares. Bidding was open from August 4 to August 6, 2025, with the allotment status finalised on August 7, 2025.
The listing is tentatively scheduled for August 11, 2025, on BSE SME. The issue was subscribed 2.91 times overall, with retail investors subscribing 4.95 times and NIIs 0.87 times their respective quotas.
The table below breaks down the Essex Marine share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 2,14,000 (5.02%) |
| NII (HNI) Shares Offered | 20,24,000 (47.49%) |
| Retail Shares Offered | 20,24,000 (47.49%) |
| Total Shares Offered | 42,62,000 (100.00%) |
Data Source: BSE
| Category | Subscription (times) |
| Non-Institutional Investors | 0.87 |
| Retail Individual Investors | 4.95 |
| Total shares | 2.91 |
Note: The subscription details are as of August 6, 2025
Essex Marine Limited, incorporated in 2009, is a seafood processing and exporting company based in West Bengal. The company is engaged in procuring, processing, storing, and exporting high-quality fish and aquaculture products. Its product line includes ribbon fish, eel fish, squid, mackerel, and vannamei shrimp, which are exported to key international markets such as China, Belgium, and Japan.
The company operates a modern seafood processing facility located in Shankarpur, near Digha in Purba Medinipur district. This facility is strategically situated near India’s eastern coast, a region known for vannamei aquaculture production. It is equipped with advanced equipment including IQF with glazer and hardener, plate freezers, blast freezers, and cold storage chambers. The plant complies with several international food safety and quality certifications such as HACCP, GMP, SSOP, FSSAI, and BRC.
Essex Marine functions across the frozen fish and shrimp value chain, sourcing raw material from coastal regions, processing them at its unit, and then exporting to international customers. Its business model is aimed at maintaining high product quality, consistency, and cost-effectiveness. As of December 31, 2024, the company employed 91 individuals across its operations.
The company considers its strategic location, strong customer relationships, and strict quality control practices as key competitive strengths. It also benefits from a well-experienced management team and a cost-effective production model. With growing demand for frozen seafood in global markets, Essex Marine aims to scale up its operations and expand its ready-to-cook product line to meet evolving consumer preferences.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Aug 6, 2025, 7:46 PM IST
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