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Economic Times
6 days ago
- Business
- Economic Times
Essex Marine IPO opens today: Check GMP, price band, issue size and other details
Essex Marine, a seafood firm, has launched its initial public offering today. The IPO aims to raise funds for expansion and debt repayment. The company will use the proceeds to increase seafood peeling capacity. They also plan to establish a ready-to-cook section. Retail investors can apply for the IPO. The IPO is scheduled to close on August 6. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Seafood processing and export firm Essex Marine has launched its Rs 23.01 crore initial public offering (IPO) today, August 4, with the issue set to close on August IPO, priced at Rs 54 per share, is entirely a fresh issue of 42.62 lakh equity shares and will be listed on the BSE SME platform. The grey market premium (GMP) for the issue stood at around 6% on the morning of the opening investors can apply in lots of 4,000 shares, requiring a minimum investment of Rs 2.16 lakh. The registrar for the issue is Skyline Financial Services Private Ltd and Khandwala Securities is the lead IPO has earmarked 50% of the net issue for retail investors and the remaining 50% for NIIs. The proceeds from the issue will be used for expanding the company's seafood peeling capacity, setting up a ready-to-cook section, meeting working capital needs, repaying debts, and general corporate in 2009, Essex Marine operates from a modern seafood processing unit in Shankarpur, West Bengal — a key hub for Vannamei shrimp and other marine company sources, processes, stores and exports marine products such as ribbon fish, squid, mackerel, eel fish, and Vannamei shrimp to markets in China, Belgium and Japan. Its facility complies with global standards like HACCP, FSSAI and by promoters Debashish Sen and Kajari Sen, the company reported a net profit of Rs 4.1 crore on revenue of Rs 29.86 crore for the nine months ended December allotment is scheduled for August 7, with listing expected on August 11.
Time of India
6 days ago
- Business
- Time of India
Essex Marine IPO opens today: Check GMP, price band, issue size and other details
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Seafood processing and export firm Essex Marine has launched its Rs 23.01 crore initial public offering (IPO) today, August 4, with the issue set to close on August IPO, priced at Rs 54 per share, is entirely a fresh issue of 42.62 lakh equity shares and will be listed on the BSE SME platform. The grey market premium (GMP) for the issue stood at around 6% on the morning of the opening investors can apply in lots of 4,000 shares, requiring a minimum investment of Rs 2.16 lakh. The registrar for the issue is Skyline Financial Services Private Ltd and Khandwala Securities is the lead IPO has earmarked 50% of the net issue for retail investors and the remaining 50% for NIIs. The proceeds from the issue will be used for expanding the company's seafood peeling capacity, setting up a ready-to-cook section, meeting working capital needs, repaying debts, and general corporate in 2009, Essex Marine operates from a modern seafood processing unit in Shankarpur, West Bengal — a key hub for Vannamei shrimp and other marine company sources, processes, stores and exports marine products such as ribbon fish, squid, mackerel, eel fish, and Vannamei shrimp to markets in China, Belgium and Japan. Its facility complies with global standards like HACCP, FSSAI and by promoters Debashish Sen and Kajari Sen, the company reported a net profit of Rs 4.1 crore on revenue of Rs 29.86 crore for the nine months ended December allotment is scheduled for August 7, with listing expected on August 11.
