IPO SYNOPSIS

Essex Marine Ltd
Registered Office:
#.19 Pollock Street, 7th Floor,Room No.7,
Kolkata - 700001,
West Bengal, India.
Email :  cs@essexmpl.com
Website :  www.essexmpl.com
Public issue of 42,62,000 equity shares of face value (₹) 10 each ("Equity Shares") of the company for cash at a price of (₹) 54/- per equity share (including a securities premium of (₹) 44/- per equity share) (the "Issue Price"), aggregating upto (₹) 23.01 crores ("Issue") of the issue, 2,14,000 equity shares aggregating to (₹) 1.16 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 40,48,000 equity shares of face value of (₹) 10 each at an issue price of (₹) 54/- per equity share aggregating to (₹) 21.86 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.92%% and 26.52%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is (₹) 10/- and the issue price is 5.4 times of the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
04-Aug-25
06-Aug-25
54.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 4000     Further Multiples of : 2000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
19.84
Khandwala Securities Ltd
Project Financed
23.01
 
Post Issue
15.26
 
Issue Price
54.00
 
Projects
Expansion of existing peeling capacity at existing processing unit at Shankarpur Road, Kaluya Sanda, Kuliyata, West Bengal 721441
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
Funding of working capital requirements of the company
Repayment/Pre-payment, in full or in part, of certain borrowings availed by the company
General corporate purposes
Promoted By
Debashish Sen
Kajari Sen
Listing At
BSE - SME
Registrar to the Issue
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