Essex Marine Ltd IPO
Open Demat Account
Essex Marine Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 42.62 L | TBA | ₹ 20.24 L | ₹ 110 L | BSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 04 Aug, 25 | 06 Aug, 25 | 4000 | ₹ 2,16,000 | Fixed Price - SME | 11 Aug, 25 |
Essex Marine Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Aquaculture |
| Sub Sector | NA |
| Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 12000 |
| NII | 0.98x | 2024000 | 1980000 |
| Retail | 4.95x | 2024000 | 10012000 |
| Employee | 0x | 0 | 0 |
| Total | 2.82x | 4262000 | 12004000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Essex Marine Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 3.20 | 3.45 | 3.30 |
| EBITDA | 3.81 | 4.04 | 3.88 |
| PAT | 1.82 | 2.03 | 1.73 |
| Total Assets | 13.00 | 19.84 | 22.60 |
| Share Capital | 5.50 | 5.50 | 5.50 |
| Total Borrowings | 22.29 | 23.07 | 28.36 |
| Operating Activities (Net Cash) | 2.43 | 2.62 | 2.31 |
| Investing Activities (Net Cash) | 0.15 | 0.07 | 0.07 |
| Financing Activities (Net Cash) | 22.29 | 23.07 | 28.36 |
| Net Cashflow | 1.27 | 1.85 | 3.92 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Essex Marine Ltd
Essex Marine Limited (the Issuer or Company) was incorporated under the Companies Act, 1956 as a private limited company under the name and style of `Rajsen Impex Private Limited' pursuant a certificate of incorporation dated August 27, 2009 issued by the Registrar of Companies, West Bengal at Kolkata. Subsequently, pursuant to resolutions passed by our Board of Directors in their meeting held on November 2, 2013 and by a Shareholders' Resolution passed on November 06, 2013, the name of our Company was changed to `Essex Marine Private Limited' and a fresh certificate of incorporation dated November 8, 2013 was issued by the Registrar of Companies, West Bengal at Kolkata. Further, pursuant to resolutions passed by our Board of Directors in their meeting held on February 05, 2025 and Shareholder's Resolution passed on February 06, 2025 our Company was converted into a public limited company, consequent to which its name was changed to `Essex Marine Limited' and a fresh certificate of incorporation dated February 19, 2025, consequent to such conversion was issued by the Registrar of Companies, West Bengal at Kolkata.
The Indian Defence Equipment Industry today symbolizes more than just manufacturing capacity; it represents the technological awakening of a New India. From indigenous fighter jets, drones, and missile systems to smart battlefield equipment and cyber-defence platforms, India is shaping the future of warfare with home-grown capabilities. The government's flagship programs like `Atmanirbhar Bharat', `Make in India', and the Defence Production and Export Promotion Policy (DPEPP) are laying the foundation for a resilient industrial base that not only serves national interests but also integrates India into the global defence supply chain. With growing defence exports, increasing participation from private and foreign players, and targeted investments in infrastructure through Defence Industrial Corridors, India is positioning itself as a global hub for advanced defence manufacturing. The vision is clear: to reduce strategic dependencies, strengthen domestic capabilities, and create a futureready defence economy that secures the nation and propels industrial growth.
We are engaged in the design, engineering, and manufacture of plastic-centric assemblies and sub-systems for original equipment manufacturers (OEMs) across India. These assemblies are produced by integrating plastic, sheet metal, machined, rubber, and other components within specified tolerances. Our primary business is with defence-sector OEMs, where we supply plastic hardware integrated into assemblies used by the armed forces. Continuous collaboration within this supply chain has enabled us to understand the technical and functional requirements of defence applications and deliver solutions that meet specifications. In addition to defence, we manufacture custom assemblies for plastic bulk packaging, electronics components, other plastic products. We also operate a retail shop for woollen and home linen products. The defence segment accounts for the majority of our business and continues to expand with the development of new assemblies and products.
Peer Comparison:
- Kings Infra Ventures Ltd
- Zeal Aqua Ltd
Essex Marine Ltd IPO Key Points
Strengths
- Strategic location of our processing unit.
- Strategic geographical presence.
- Quality Assurance and Quality Control of our products.
- Strong, cordial & long-term relationship with our customers.
- Cost effective production and timely fulfilment of orders.
Risk
- We operate in an environmentally sensitive industry and are subject to biosecurity risks at shrimp farms, shrimp hatchery, landing areas, our processing and other facilities and during the transportation of raw and processed shrimp and fish products, which could have a material adverse effect on our business, financial condition and results of operations.
- General outbreaks of fish and shrimp diseases can significantly restrict our ability to conduct our operations and this could have a material adverse impact on our business, financial condition and results of operations.
- We derive a significant portion of our revenue from two products. If sales volume or price of such products declines in the future, or if we are unable to sell such products for any reason, our business, financial condition, cash flows and results of operations could be adversely affected. Our commercial success is largely dependent upon our ability to strategically diversify our product portfolio. Presently, we deal in a limited number of products and therefore, our ability to diversify and successfully market our products might be limited, which may have an adverse impact on our revenue and profitability.
Strategy
- Expanding of peeling capacity at our processing unit.
- Forward integration by setting up of ready to cook frozen fish and shrimp section.
- Market Penetration and Geographic Expansion.
- Focus on our Quality Control.
- Growing our business with existing clients and adding new customers.
- Strategic location of our processing unit.
- Strategic geographical presence.
- Quality Assurance and Quality Control of our products.
- Strong, cordial & long-term relationship with our customers.
- Cost effective production and timely fulfilment of orders.
How To Apply for Essex Marine Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
