Essex Marine IPO
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Schedule of Essex Marine
| Issue open date | 04 Aug 2025 |
| Issue close date | 06 Aug 2025 |
| UPI mandate deadline | 06 Aug 2025 (5 PM) |
| Allotment finalization | 07 Aug 2025 |
| Refund initiation | 08 Aug 2025 |
| Share credit | 08 Aug 2025 |
| Listing date | 11 Aug 2025 |
| Mandate end date | 21 Aug 2025 |
| Lock-in end date for anchor investors (50%) | 06 Sep 2025 |
| Lock-in end date for anchor investors (remaining) | 05 Nov 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Essex Marine
Essex Marine, incorporated in 2009, processes and exports frozen fish and shrimp products from its facility in Shankarpur, West Bengal. The company operates with annual processing capacities of 5,717 MT for shrimp and 4,258 MT for fish, sourcing raw materials from India’s eastern coast landing centres and aquaculture farmers. Essex Marine exports products to China, Europe, and Israel under the “Essex” brand, serving food service distributors and warehouse chains. The company holds FSSC V5.1, BRC Global Standard, and HACCP certifications, and maintains “One-Star Export House” status while also undertaking job work for merchant exporters.
Financials of Essex Marine
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹23.01 crores |
| Fresh Issue | ₹23.01 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Expansion of existing peeling capacity at existing processing unit | 2.47 (10.7%) |
| Setting up of “Ready-to-Cook” Section by adding blanching in the existing process at the existing processing unit | 0.78 (3.38%) |
| Working capital requirements | 6.0 (26%) |
| Repayment/pre-payments of borrowings | 6.0 (26%) |
| General corporate purposes |
Strengths
- Processing unit located near Shankarpur, a major eastern coast landing centre
- Operations in West Bengal with sourcing from eastern coast and international exports
- Quality system with FSSC V5.1, BRC Global Standard, and HACCP certifications
- Established customer relationships with repeat orders from China, Europe, and Israel
- Cost-effective production with timely order fulfilment capabilities
- Experienced management team with seafood industry expertise
Risks
- Exposure to environmental and biosecurity risks in seafood operations
- Heavy reliance on two main products for revenue generation
- Business operations concentrated in West Bengal region
- Dependence on continuous power supply for processing operations
- Repayable-on-demand unsecured borrowings from promoter