Essex Marine: Essex Marine shares get listed at 20% discount!Essex Marine: Essex Marine shares get listed at 20% discount!

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Essex Marine shares made a weak debut on BSE SME, listing at ₹43.20 on August 11, 20% below the ₹54 IPO price. The IPO bidding took place from August 4 to August 6, 2025, with allotment finalized on August 7.

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Essex Marine IPO details

Essex Marine IPO was subscribed 2.91 times overall by August 6, 2025, with individual investors subscribing 4.95 times, QIB subscription pending, and NII category subscribed 0.87 times.

About Essex Marine Ltd

Essex Marine Ltd., founded in 2009, specializes in seafood processing and exports marine fish, shrimp, and aquaculture products to countries like China and Japan. Its modern West Bengal facility meets international standards, ensuring quality across the frozen fish and shrimp supply chain.

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Essex Marine IPO objective

The Essex Marine IPO aims to raise ₹23.01 crores through a fresh issue of 42.62 lakh shares to fund capacity expansion, upgrade processing facilities, and support working capital requirements for enhanced seafood production and export growth.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

FAQs

Q: At what price did Essex Marine list on the exchange?

A: Essex Marine listed at ₹43.20 per share, 20% below its ₹54 IPO price.

Q: How much was Essex Marine IPO subscribed?

A: The IPO was subscribed 2.91 times overall by August 6, 2025.

Q: What is the objective of Essex Marine IPO?

A: The IPO aims to raise ₹23.01 crores for capacity expansion, facility upgrades, and working capital support.