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Austere Systems IPO vs Essex Marine IPO

Comparison between Austere Systems IPO and Essex Marine IPO.

IPO Details

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 IPOEssex Marine IPO
LogoAustere Systems IPO LogoEssex Marine IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.Khandwala Securities Ltd.
RegistrarKfin Technologies Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerWiinance Financial Services Pvt.Ltd.Gretex Share Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor 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 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 IPOEssex 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 Size2000 shares2000 shares
Fresh Issue Size26,88,000 shares40,48,000 shares
Fresh Issue Size (Amount)up to ₹14.78 Crup to ₹21.86 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total26,88,000 shares40,48,000 shares
Issue Size Total (Amount)up to ₹14.78 Crup to ₹21.86 Cr

IPO Timetable

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 IPOEssex Marine IPO
Anchor Bid DateSep 02, 2025
Issue OpenSep 03, 2025Aug 04, 2025
Issue CloseSep 09, 2025Aug 06, 2025
Basis Of Allotment (Tentative)Sep 10, 2025Aug 07, 2025
Initiation of Refunds (Tentative)Sep 11, 2025Aug 08, 2025
Credit of Share (Tentative)Sep 11, 2025Aug 08, 2025
Listing date (Tentative)Sep 12, 2025Aug 11, 2025
Anchor Lockin End date 1Oct 09, 2025
Anchor Lockin End date 2Dec 09, 2025

Financials & KPIs

Austere Systems IPO P/E ratio is 10.48, as compared to Essex Marine IPO P/E ratio of 12.73.

 Austere Systems IPOEssex Marine IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets18.6312.238.60
Total Income18.8618.6615.40
Profit After Tax4.014.151.77
EBITDA6.056.282.88
NET Worth16.279.004.85
Reserves and Surplus8.628.994.84
Total Borrowing0.480.440.79
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets49.0934.2640.99
Total Income39.9321.1123.59
Profit After Tax4.671.822.03
EBITDA9.444.996.01
NET Worth17.6813.0111.19
Reserves and Surplus6.687.515.69
Total Borrowing23.9016.0819.34
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)91.6799.99
Promoter Shareholding (Post-Issue)68.6672.08
P/E Ratio10.4812.73
Market Cap₹57.63 Cr.₹82.41 Cr.
ROE31.7630.40
ROCE33.1218.87
Debt/Equity0.032.40
EPS₹5.25₹4.24
RoNW24.6626.39

Shares Offered

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 IPOEssex Marine IPO
Anchor Investor Reservation8,00,000 shares
Market Maker Reservation1,42,000 shares2,14,000 shares
QIB5,36,000 shares0 shares
NII4,08,000 shares20,24,000 shares
RII9,44,000 shares20,24,000 shares
Employee0 shares0 shares
Others
Total26,88,000 shares40,48,000 shares

Bids Received (Subscription)

Austere Systems IPO subscribed 756.46x in total, whereas Essex Marine IPO subscribed 2.91x.

 Austere Systems IPOEssex Marine IPO
QIB (times)236.50x
NII (times)2,149.19x0.87x
Big NII (times)2,525.60x
Small NII (times)1,396.38x
RII (times)1,090.81x4.95x
Employee (times)
Other (times)
Total (times)756.46x2.91x

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Austere Systems IPOEssex Marine IPO
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Compare:

Austere Systems IPO Vs Essex Marine IPO