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15 Days Price Change

Essex Marine IPO

Closing In

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Profile
Issue Size --
Profile
Price Range 54  to  -- per share
Profile
Min Investment ₹--
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are producer of processed fish and shrimp headquartered in Kolkata, West Bengal. Our main processed seafood comprised of different varieties of marine fish and shrimp as well as aquaculture vannamei shrimp. We export frozen fish and shrimps from India under our brand name “Essex”. We have over 16 years of history in fish and shrimp processing and selling of processed frozen fish and shrimp with varying degrees of value addition to our customers to China, Europe and Israel. Our major customers are in China and Europe, which includes food service distributors and warehouse chains. In addition, we also undertake job work for different merchant exporters to ensure we are running our processing plant at optimal capacity. Our Company is a “One Star Export House”. We are an integrated player across the processed frozen fish and shrimp supply chain from raw fish and shrimp procurement, processing, and overseas distribution to our customers. We procure raw fish and shrimp primarily from landing centres and aquaculture farmers in the eastern coast of India. Our Company’s modern processing facility is strategically located at Shankarpur close to Digha, which is one of the biggest landing centres in the eastern coast of India. Our processing unit is situated at Shankarpur Road, Kaluya Sanda, Kuliyata, West Bengal 721441. Shankarpur is within the district of Purba Medinipur wherein the highest quantity of Vannamei aquaculture is produced. Read More

Basic Info

Face Value 10 per share

Price 54  to  -- per share

P/E (x) --

Sales( Cr.) 37

PAT( Cr.) 4

EPS 3.6

Draft Prospectus

Exchange BSE-SME

Promoter

Company Promoters

Debashish Sen Kajari Sen

Pre Issue Share Holding 100%

Post Issue Share Holding 72.07%

Listing Details:

Listing Price: 43.2

Listing Gain: -25%

Current Price: 47.2

Gain On Issue: 47.2 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Aug 04, 2025
Closing Date Aug 06, 2025
Allotment Aug 07, 2025
Refund Aug 08, 2025
Delivery of Shares Aug 08, 2025
Listing Date Aug 11, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 4000 --
Retail (Max) -- -- --
S-HNI (Min) 1 4000 --
S-HNI (Max) -- -- --
B-HNI (Min) 1 4000 --

Objective of the Issue

(i) Expansion of existing peeling capacity at existing processing unit at Shankarpur Road, Kaluya Sanda, Kuliyata, West Bengal 721441 (ii) 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 (iii) Funding of the working capital requirements of our Company (iv) Repayment/pre-payment, in part, of certain secured borrowing availed by our Company (v) General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 0 12000 0x
NII 0 1980000 0x
Retail 0 10012000 0x
EMP 0 0 0x
Total 0 12004000 0x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Essex Marine Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 60 22 19 37
Other Income 3 2 2 3
Total Income 63 24 21 40
Total Expenditure 57 18 16 31
Operating Profit 6 6 5 9
Interest 3 3 2 2
Depreciation 1 1 1 1
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 3 3 3 6
Provision for Tax 1 1 1 2
Profit After Tax 2 2 2 4
Adjustments 0 0 0 0
Profit After Adjustments 2 2 2 4
Adjusted Earnings Per Share 1.6 1.8 1.7 3.6

Essex Marine Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 9 11 13 16
Minority's Interest 0 0 0 0
Borrowings 13 12 9 16
Other Non-Current Liabilities 1 1 1 4
Total Current Liabilities 21 17 11 11
Total Liabilities 44 41 34 47
Fixed Assets 20 20 20 20
Other Non-Current Assets 1 1 1 4
Total Current Assets 23 20 13 23
Total Assets 44 41 34 47

Essex Marine Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 4 2 1
Cash Flow from Operating Activities 6 8 5 -5
Cash Flow from Investing Activities -0 -0 -1 -1
Cash Flow from Financing Activities -5 -10 -5 5
Net Cash Inflow / Outflow 2 -2 -1 -0
Closing Cash & Cash Equivalent 4 2 1 1

Essex Marine Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.57 1.84 1.66 3.64
CEPS(Rs) 2.1 2.38 2.22 4.25
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 8.33 10.17 11.83 14.29
Core EBITDA Margin(%) 4.8 19.89 15.83 17.55
EBIT Margin(%) 9.2 24.93 22.85 23.24
Pre Tax Margin(%) 4.54 13.04 13.51 16.61
PAT Margin (%) 2.89 9.25 9.52 10.75
Cash Profit Margin (%) 3.86 11.97 12.73 12.55
ROA(%) 3.93 4.78 4.85 9.86
ROE(%) 18.84 19.91 15.06 27.86
ROCE(%) 15.42 16.49 14.68 25.18
Receivable days 90.21 224.24 0 71.23
Inventory Days 19.03 67.56 127.61 96.75
Payable days 50.57 260.67 134.12 6.35
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.47 1.05 1.06 0.9
EV/Core EBITDA(x) 4.62 3.8 4.07 3.61
Net Sales Growth(%) 0 -63.38 -12.55 94.38
EBIT Growth(%) 0 -0.81 -19.83 97.65
PAT Growth(%) 0 17.36 -10.05 119.57
EPS Growth(%) 0 17.36 -10.05 119.57
Debt/Equity(x) 2.89 1.73 1.24 1.52
Current Ratio(x) 1.1 1.17 1.19 2.11
Quick Ratio(x) 0.95 0.87 0.42 1.06
Interest Cover(x) 1.97 2.1 2.45 3.5
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 95% -15% 0% 0%
Operating Profit CAGR 80% 14% 0% 0%
PAT CAGR 100% 26% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 28% 21% 20% 20%
ROCE Average 25% 19% 18% 18%

Company Contact Information

Essex Marine Ltd.

Roshni Gadia

913322627928

cs@essexmpl.com

19, Pollock Street 7th Floor Room No.7

IPO Lead Manager(s)

Essex Marine Ltd.

Khandwala Securities Ltd

Registrar Info

Essex Marine Ltd.

Skyline Financial Services Pvt Ltd

123 , Vinoba Puri,Lajpat Nagar - II,New Delhi

011-26847136/26833777

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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