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Austere Systems IPO vs Virtual Galaxy Infotech IPO

Comparison between Austere Systems IPO and Virtual Galaxy Infotech IPO.

IPO Details

Austere Systems IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Virtual Galaxy Infotech IPO is a SME Bookbuilding proposed to list at NSE SME.

 Austere Systems IPOVirtual Galaxy Infotech IPO
LogoAustere Systems IPO LogoVirtual Galaxy Infotech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.Smart Horizon Capital Advisors Pvt.Ltd.
RegistrarKfin Technologies Ltd.Maashitla Securities Pvt.Ltd.
Market MakerWiinance Financial Services Pvt.Ltd.Alacrity Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Austere Systems IPO is up to ₹14.78 Cr whereas the issue size of the Virtual Galaxy Infotech IPO is up to ₹88.52 Cr. The final issue price of Austere Systems IPO is ₹55.00 per share and of Virtual Galaxy Infotech IPO is ₹142.00 per share.

 Austere Systems IPOVirtual Galaxy Infotech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹52.00 per share₹135.00 per share
Issue Price (Upper)₹55.00 per share₹142.00 per share
Issue Price (Final)₹55.00 per share₹142.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1000 shares
Fresh Issue Size26,88,000 shares62,34,000 shares
Fresh Issue Size (Amount)up to ₹14.78 Crup to ₹88.52 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total26,88,000 shares62,34,000 shares
Issue Size Total (Amount)up to ₹14.78 Crup to ₹88.52 Cr

IPO Timetable

Austere Systems IPO opens on Sep 03, 2025, while Virtual Galaxy Infotech IPO opens on May 09, 2025. The closing date of Austere Systems IPO and Virtual Galaxy Infotech IPO is Sep 09, 2025, and May 14, 2025, respectively.

 Austere Systems IPOVirtual Galaxy Infotech IPO
Anchor Bid DateSep 02, 2025May 08, 2025
Issue OpenSep 03, 2025May 09, 2025
Issue CloseSep 09, 2025May 14, 2025
Basis Of Allotment (Tentative)Sep 10, 2025May 15, 2025
Initiation of Refunds (Tentative)Sep 11, 2025May 16, 2025
Credit of Share (Tentative)Sep 11, 2025May 16, 2025
Listing date (Tentative)Sep 12, 2025May 19, 2025
Anchor Lockin End date 1Oct 10, 2025Jun 14, 2025
Anchor Lockin End date 2Dec 09, 2025Aug 13, 2025

Financials & KPIs

Austere Systems IPO P/E ratio is 10.48, as compared to Virtual Galaxy Infotech IPO P/E ratio of 15.71.

 Austere Systems IPOVirtual Galaxy Infotech IPO
FinancialsEBITDA

Virtual Galaxy Infotech Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets116.9384.3667.80
Total Income63.5859.7643.44
Profit After Tax16.540.720.40
Net Worth41.4020.4020.14
Reserves and Surplus30.409.409.14
Total Borrowing38.6438.8535.56
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)91.6787.95
Promoter Shareholding (Post-Issue)68.6664.72
P/E Ratio10.4815.71
Market Cap₹57.63 Cr.₹353.13 Cr.
ROE31.76%53.52%
ROCE33.12%31.68%
Debt/Equity0.030.93
EPS₹5.25₹9.04
RoNW24.66%39.95%

Shares Offered

In the Austere Systems IPO Retail Individual Investors (RII) are offered 9,44,000 shares while in Virtual Galaxy Infotech IPO retail investors are offered 9,44,000 shares. Qualified Institutional Buyers (QIB) are offered 5,36,000 shares in Austere Systems IPO and 12,44,000 shares in Virtual Galaxy Infotech IPO.

 Austere Systems IPOVirtual Galaxy Infotech IPO
Anchor Investor Reserveration8,00,000 shares18,40,000 shares
Market Maker Reserveration1,42,000 shares3,36,000 shares
QIB5,36,000 shares12,44,000 shares
NII4,08,000 shares9,50,000 shares
RII9,44,000 shares22,00,000 shares
Employee0 shares0 shares
Others
Total26,88,000 shares62,34,000 shares

Bids Received (Subscription)

Austere Systems IPO subscribed 1,076.99x in total, whereas Virtual Galaxy Infotech IPO subscribed 231.45x.

 Austere Systems IPOVirtual Galaxy Infotech IPO
QIB (times)236.50x129.72x
NII (times)2,149.19x590.27x
Big NII (times)2,525.60x
Small NII (times)1,396.38x
RII (times)1,090.81x134.03x
Employee (times)
Other (times)
Total (times)1,076.99x231.45x