Archive · 11 Aug 2025
Essex Marine Shares Debut on BSE SME at Discount
Essex Marine, a seafood company, recently listed its shares on the stock market.
When the shares started trading, they were worth less than the original price investors paid.
The company had hoped to raise money by selling these shares.
Before the official listing, the price was the same as what investors paid.
After the listing, the stock price dropped further, but could later rise.
Investors had to buy a minimum number of shares.
The company had a good amount of interest from investors.
Now, those who invested at the IPO price saw a decrease in the value of their shares.
Essex Marine shares listed on the Bombay Stock Exchange SME at ₹43.20, a 20% discount from the IPO price.
The IPO price was ₹54 per share, with shares trading flat in the grey market before listing.
Share price fell over 5% to ₹41.04 immediately after listing, but could ascend over 24% from IPO price.
The Kolkata-based seafood exporter sought to raise ₹23 crore through a fresh issuance of about 43 lakh shares.
The IPO received bids nearly three times the number of shares offered during its subscription period.
- Who
- Essex Marine, a seafood exporter, listed its shares.
- What
- Essex Marine shares listed on the BSE SME at a discount and then fell further.
- When
- The listing occurred on an unspecified date, with the IPO allotment finalized on August 7, 2025.
- Where
- Bombay Stock Exchange (BSE) SME.
- Why
- The shares listed at a discount, indicating lower initial market value.
Market Reaction
Future Performance
Initial Share Performance
Market Reaction
Investors saw a loss due to the share price falling below the IPO price at the time of listing.
Future Performance
The stock price has the potential to rise by 24% from the IPO price.
- Listing Price
- ₹43.20 per share
- IPO Price
- ₹54 per share
- Discount at Listing
- 20%
- Share Drop After Listing
- Over 5%
- Company
- Essex Marine
- Industry
- Seafood
- Funds Raised
- ₹23 crore