Comparison between Austere Systems IPO and Manas Polymers IPO.
Austere Systems IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Manas Polymers IPO is a SME Bookbuilding proposed to list at NSE SME.
| Austere Systems IPO | Manas Polymers IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. | Expert Global Consultants Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | Wiinance Financial Services Pvt.Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | 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 Manas Polymers IPO is up to ₹22.33 Cr. The final issue price of Austere Systems IPO is ₹55.00 per share and of Manas Polymers IPO is ₹81.00 per share.
| Austere Systems IPO | Manas Polymers IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹52.00 per share | ₹76.00 per share |
| Issue Price (Upper) | ₹55.00 per share | ₹81.00 per share |
| Issue Price (Final) | ₹55.00 per share | ₹81.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1600 shares |
| Fresh Issue Size | 26,88,000 shares | 27,56,800 shares |
| Fresh Issue Size (Amount) | up to ₹14.78 Cr | up to ₹22.33 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 | 27,56,800 shares |
| Issue Size Total (Amount) | up to ₹14.78 Cr | up to ₹22.33 Cr |
Austere Systems IPO opens on Sep 03, 2025, while Manas Polymers IPO opens on Sep 26, 2025. The closing date of Austere Systems IPO and Manas Polymers IPO is Sep 09, 2025, and Sep 30, 2025, respectively.
| Austere Systems IPO | Manas Polymers IPO | |
|---|---|---|
| Anchor Bid Date | Sep 02, 2025 | Sep 25, 2025 |
| Issue Open | Sep 03, 2025 | Sep 26, 2025 |
| Issue Close | Sep 09, 2025 | Sep 30, 2025 |
| Basis Of Allotment (Tentative) | Sep 10, 2025 | Oct 01, 2025 |
| Initiation of Refunds (Tentative) | Sep 11, 2025 | Oct 03, 2025 |
| Credit of Share (Tentative) | Sep 11, 2025 | Oct 03, 2025 |
| Listing date (Tentative) | Sep 12, 2025 | Oct 06, 2025 |
| Anchor Lockin End date 1 | Oct 09, 2025 | Oct 31, 2025 |
| Anchor Lockin End date 2 | Dec 09, 2025 | Dec 30, 2025 |
Austere Systems IPO P/E ratio is 10.48, as compared to Manas Polymers IPO P/E ratio of 9.19.
| Austere Systems IPO | Manas Polymers IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| 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 Standalone)Manas Polymers & Energies Ltd.'s revenue increased by 65% and profit after tax (PAT) rose by 152% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 91.67 | 99.95 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 68.66 | 62.62 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 10.48 | 9.19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹57.63 Cr. | ₹62.99 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 31.76 | 53.10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 33.12 | 22.82 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.03 | 1.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.25 | ₹8.81 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 24.66 | 53.10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Austere Systems IPO Retail Individual Investors (RII) are offered 9,44,000 shares while in Manas Polymers IPO retail investors are offered 9,44,000 shares. Qualified Institutional Buyers (QIB) are offered 5,36,000 shares in Austere Systems IPO and 2,78,400 shares in Manas Polymers IPO.
| Austere Systems IPO | Manas Polymers IPO | |
|---|---|---|
| Anchor Investor Reservation | 8,00,000 shares | 0 shares |
| Market Maker Reservation | 1,42,000 shares | 1,47,200 shares |
| QIB | 5,36,000 shares | 2,78,400 shares |
| NII | 4,08,000 shares | 6,86,400 shares |
| RII | 9,44,000 shares | 17,92,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 26,88,000 shares | 27,56,800 shares |
Austere Systems IPO subscribed 1,076.99x in total, whereas Manas Polymers IPO subscribed 1.24x.
| Austere Systems IPO | Manas Polymers IPO | |
|---|---|---|
| QIB (times) | 236.50x | 6.66x |
| NII (times) | 2,149.19x | 1.78x |
| Big NII (times) | 2,525.60x | 2.40x |
| Small NII (times) | 1,396.38x | 0.55x |
| RII (times) | 1,090.81x | 0.19x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1,076.99x | 1.24x |
