Essex Marine IPO: Price, GMP, Analysis, And Details

India’s SME IPO market continues to see high investor interest in 2025, and the Essex Marine IPO has surfaced as a fresh opportunity in the seafood exports segment. With its deep roots in marine food processing and exports, Essex Marine Limited is stepping into the capital market to fuel its next phase of expansion. This article covers everything you need to know about the Essex Marine IPO — from price and dates to GMP, financials, and business analysis.

---

 About Essex Marine Limited

Essex Marine Limited is a Kolkata-based company that specializes in seafood processing and exports. Established in 2009, the company has steadily built its operations to serve international markets such as China, Europe, Japan, and Israel. Essex focuses primarily on shrimp (vannamei species) and other frozen marine products.

Its production facility is located near Shankarpur, West Bengal, and is certified by EU and other international food safety agencies. With modern freezing technology, cold storage capacity, and strict quality protocols, Essex is positioned as a reliable supplier in the global seafood industry.

---

Essex Marine IPO Dates

Here’s the IPO schedule you need to track:

• IPO Open Date: August 4, 2025

• IPO Close Date: August 6, 2025

• Allotment Date: August 7, 2025

• Demat Credit & Refund Initiation: August 8, 2025

• Listing Date (BSE SME): August 11, 2025

---

IPO Price and Offer Details

• Issue Type: Fixed Price Issue (SME)

• IPO Price: ₹54 per equity share

• Lot Size: 2,000 shares per lot

• Minimum Investment (Retail): ₹1,08,000

• Total Shares Offered: 42.62 lakh equity shares

• Total Issue Size: ₹23.01 crore

• Listing Exchange: BSE SME Platform

The company is offering a 100% fresh issue to fund its upcoming projects and working capital requirements.

---

GMP – Grey Market Premium

As of now, the Essex Marine IPO GMP (Grey Market Premium) is floating around ₹0 to ₹3, indicating neutral to mildly positive sentiment in the grey market. Although GMP is not an official indicator, it helps investors gauge early demand and potential listing gains.

However, due diligence and business fundamentals should always take priority over GMP trends.

---

Financial Performance Overview

Here’s a summary of Essex Marine's recent financial performance:

Metric	FY 2022-23	FY 2023-24	FY 2024-25 (Est.)
Total Revenue	₹21.11 Cr	₹33.20 Cr	₹39.93 Cr
Net Profit (PAT)	₹1.60 Cr	₹3.43 Cr	₹4.66 Cr
EBITDA Margin	~8%	~10%	~12.5%
Net Worth	₹5.69 Cr	₹6.68 Cr	Growing steadily

The numbers suggest a healthy upward trend in both revenue and profitability, reflecting operational scalability and improved export demand.

---

Use of IPO Proceeds

Essex Marine aims to use the IPO funds for:

• Expanding its seafood peeling capacity

• Setting up a new ready-to-cook blanching unit

• Strengthening working capital

• Reducing company debt

• Meeting general corporate expenses

These steps align with the company’s goal of increasing production efficiency and value-added product lines for international buyers.

---

Strengths

• Proven track record in marine exports with international certifications

• Steady financial growth and healthy margins

• EU-approved modern processing plant near the East Coast

• Strong export demand for Indian shrimp in global markets

---

 Risks to Consider

• Industry highly sensitive to weather, compliance, and global demand shifts

• Heavy dependence on a few international buyers

• SME listing may pose liquidity issues post-listing

• Margin pressure due to volatility in input costs and foreign exchange

---

Should You Subscribe to Essex Marine IPO?

The Essex Marine IPO could be a good entry point into a niche yet growing segment of the food export industry. Its steady revenue, export market exposure, and expansion plans make it attractive for long-term investors willing to explore the SME IPO space.

However, one should also be aware of the low liquidity and inherent risks in smaller issues. Investors with moderate risk appetite and a long-term view may find this IPO suitable for portfolio diversification.

---

Final Verdict

The Essex Marine IPO GMP blends opportunity with cautious optimism. While GMP signals modest listing expectations, the company’s business fundamentals and strong export base offer long-term potential. Priced at ₹54 per share and aiming to raise ₹23.01 crore, this IPO is worth watching—especially for those tracking India’s rising seafood export sector.

Always read the DRHP and assess your investment goals before applying.