Comparison between Austere Systems IPO and Essex Marine IPO.
Austere Systems IPO is a SME Fixed Price IPO proposed to list at BSE SME while Essex Marine IPO is a SME Fixed Price proposed to list at BSE SME.
| Austere Systems IPO | Essex Marine IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. | Khandwala Securities Ltd. |
| Registrar | Kfin Technologies Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Wiinance Financial Services Pvt.Ltd. | Gretex Share Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Austere Systems IPO is up to ₹14.78 Cr whereas the issue size of the Essex Marine IPO is up to ₹21.86 Cr. The final issue price of Austere Systems IPO is ₹55.00 per share and of Essex Marine IPO is ₹54.00 per share.
| Austere Systems IPO | Essex Marine IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹52.00 per share | |
| Issue Price (Upper) | ₹55.00 per share | |
| Issue Price (Final) | ₹55.00 per share | ₹54.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 26,88,000 shares | 40,48,000 shares |
| Fresh Issue Size (Amount) | up to ₹14.78 Cr | up to ₹21.86 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 26,88,000 shares | 40,48,000 shares |
| Issue Size Total (Amount) | up to ₹14.78 Cr | up to ₹21.86 Cr |
Austere Systems IPO opens on Sep 03, 2025, while Essex Marine IPO opens on Aug 04, 2025. The closing date of Austere Systems IPO and Essex Marine IPO is Sep 09, 2025, and Aug 06, 2025, respectively.
| Austere Systems IPO | Essex Marine IPO | |
|---|---|---|
| Anchor Bid Date | Sep 02, 2025 | |
| Issue Open | Sep 03, 2025 | Aug 04, 2025 |
| Issue Close | Sep 09, 2025 | Aug 06, 2025 |
| Basis Of Allotment (Tentative) | Sep 10, 2025 | Aug 07, 2025 |
| Initiation of Refunds (Tentative) | Sep 11, 2025 | Aug 08, 2025 |
| Credit of Share (Tentative) | Sep 11, 2025 | Aug 08, 2025 |
| Listing date (Tentative) | Sep 12, 2025 | Aug 11, 2025 |
| Anchor Lockin End date 1 | Oct 09, 2025 | |
| Anchor Lockin End date 2 | Dec 09, 2025 |
Austere Systems IPO P/E ratio is 10.48, as compared to Essex Marine IPO P/E ratio of 12.73.
| Austere Systems IPO | Essex Marine IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)Austere Systems Ltd.'s revenue increased by 1% and profit after tax (PAT) dropped by 3% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated)Essex Marine Ltd.'s revenue increased by 89% and profit after tax (PAT) rose by 156% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 91.67 | 99.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 68.66 | 72.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 10.48 | 12.73 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹57.63 Cr. | ₹82.41 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 31.76 | 30.40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 33.12 | 18.87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.03 | 2.40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.25 | ₹4.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 24.66 | 26.39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Austere Systems IPO Retail Individual Investors (RII) are offered 9,44,000 shares while in Essex Marine IPO retail investors are offered 9,44,000 shares. Qualified Institutional Buyers (QIB) are offered 5,36,000 shares in Austere Systems IPO and 0 shares in Essex Marine IPO.
| Austere Systems IPO | Essex Marine IPO | |
|---|---|---|
| Anchor Investor Reservation | 8,00,000 shares | |
| Market Maker Reservation | 1,42,000 shares | 2,14,000 shares |
| QIB | 5,36,000 shares | 0 shares |
| NII | 4,08,000 shares | 20,24,000 shares |
| RII | 9,44,000 shares | 20,24,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 26,88,000 shares | 40,48,000 shares |
Austere Systems IPO subscribed 1,076.99x in total, whereas Essex Marine IPO subscribed 2.91x.
| Austere Systems IPO | Essex Marine IPO | |
|---|---|---|
| QIB (times) | 236.50x | |
| NII (times) | 2,149.19x | 0.87x |
| Big NII (times) | 2,525.60x | |
| Small NII (times) | 1,396.38x | |
| RII (times) | 1,090.81x | 4.95x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1,076.99x | 2.91x |
