Mumbai, Aug. 11 -- The scrip was listed at Rs 43.20, a discount of 20% compared with the initial public offer (IPO) price. The stock is currently frozen at its lower limit of 5% over its listing price.

The counter hit a high of Rs 43.20 and a low of Rs 41.04. About 46,000 shares of the company changed hands at the counter.

Essex Marine's IPO was subscribed 2.81 times. The issue opened for bidding on 4 August 2025 and it closed on 6 August 2025. The price of the IPO was set at Rs 54 per share.

The IPO comprised fresh issue of 42,62,000 equity shares. The promoter shareholding diluted to 72.08% post-IPO from 99.99% pre-IPO.

The company intends to utilize the net proceeds for expanding the existing peeling capacity at its processing unit...