Essex Marine IPO

Incorporated in 2009, Essex Marine Limited is a seafood processing and exporting company. The company procures, processes, stores, and exports quality fish and aquaculture products, including ribbon fish, eel fish, marine fish, squid, and mackerel, to countries like China, Belgium, and Japan. Their processing facility in Midnapur, West Bengal, is equipped with modern machinery such as IQF with Glazer and Hardener, plate freezers, blast freezers, and cold storage chambers, adhering to international standards like HACCP, GMP, SSOP, FSSAI, and BRC. The company operates across the frozen fish and shrimp supply chain, sourcing from India’s eastern coast, processing, and exporting products to international customers. The company’s modern processing facility is located at Shankarpur, near Digha, a major landing center in Purba Medinipur, West Bengal an area known for high Vannamei aquaculture production. Product Portfolio: Marine fish Marine shrimp Aquaculture vannamei shrimp As on December 31, 2024, the Company has 91 employees on payroll. Competitive Strengths: Strategic location of the processing unit Geographical presence Quality Assurance and Quality Control of the products Strong, cordial & long-term relationship with the customers Cost effective production and timely fulfilment of orders Well experienced management team

The Company Essex Marine IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: S.No. Objects of the Issue Expected Amount (₹ in crores) 1 Expansion of existing peeling capacity at existing processing unit at Shankarpur Road, Kaluya Sanda, Kuliyata, West Bengal 721441 2.48 2 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 0.78 3 Funding of working capital requirements of the Company 6.00 4 Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company 7.15 5 General corporate purposes 3.43

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