Essex Marine came to market through an SME IPO that opened on 4 August 2025 and closed on 6 August 2025, and the shares listed on 11 August 2025 on BSE SME. The price band was ₹54 per share and one lot was 2000 shares, so the minimum application was ₹1,08,000. The issue size was ₹23.01 crore. The whole issue was fresh shares, so the money raised went to the company.
Skyline Financial Services Private Ltd was the registrar to the issue, and Khandwala Securities Limited was the lead manager.
| Day |
|---|
| 1 |
| 2 |
| 3 |
Founded in 2009, Essex Marine Limited is a seafood processing and export firm.
The firm imports, processes, warehouses, and exports high-quality fish and aquaculture products such as ribbon fish, eel fish, marine fish, squid, and mackerel to China, Belgium, and Japan.They have their processing plant in Midnapur, West Bengal, and it is equipped with advanced machinery like IQF with Glazer and Hardener, plate freezers, blast freezers, and cold storage chambers, which follow international standards like HACCP, GMP, SSOP, FSSAI, and BRC.
They have their business in the entire chain of frozen fish and shrimp, taking the supply from the east coast of India, processing, and exporting to customers abroad.The state-of-the-art processing plant of the company is at Shankarpur, close to Digha, a principal landing centre in Purba Medinipur, West Bengal a region famous for high Vannamei aquaculture production. Product Portfolio: Marine fish Marine shrimp Aquaculture vannamei shrimp As of December 31, 2024, the Company has 91 employees on payroll.
As described in the offer document.
| Metric | 31-Mar-24 | 31-Mar-23 |
|---|
Debashish Sen, Kajari Sen. Promoter holding 99.99% before the issue and 72.08% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Essex Marine IPO was a ₹23.01 crore fixed-price issue, made up entirely of a fresh issue. It was priced at ₹54 per share with a lot size of 2,000 shares; the minimum retail application was 4,000 shares (₹2,16,000). The IPO was open from August 4 to August 6, 2025. Shares listed on BSE SME on August 11, 2025 at ₹43.20, a 20.0% discount to the issue price of ₹54. Skyline Financial Services Private Ltd is the registrar.
Khandwala Securities Limited is the book running lead manager.
The issue price of Essex Marine IPO is ₹54 per share (fixed price).
The lot size of Essex Marine IPO is 2000 shares.
The minimum investment for Essex Marine IPO is approximately ₹2,16,000 based on the issue price.
The allotment date of Essex Marine IPO is Aug 7, 2025.
You can check Essex Marine IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Essex Marine IPO allotment status on Rupix for quick and easy access.
₹54 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 2000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,08,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,08,000, for one lot of 2000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 4 August 2025 and closed on 6 August 2025.
The basis of allotment was published on 7 August 2025 by Skyline Financial Services Private Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 11 August 2025 on BSE SME.
The issue size was ₹23.01 crore. The fresh issue was 42,62,000 shares (aggregating up to ₹23.01 crore).