Three SME IPOs—Austere Systems, Vigor Plast India, and Sharvaya Metals—close for subscription today, Tuesday, September 9, 2025. Below is a clean, investor‑friendly brief with final‑day essentials: price bands, lot sizes, categories, and the post‑close timeline for allotment, refunds, demat credits, and listing.
Austere Systems (BSE SME)
- Close date: Today, Sep 9, 2025 (open Sep 3)
- Price band: ₹52–₹55 per share; face value ₹10
- Issue size: ~₹15.57 crore; Book‑built; fresh issue with small OFS (2,000 shares)
- Lot size: As per SME norms; confirm on broker page before bidding cut‑off
- Allotment/listing: Allotment Sep 10; refunds/demat Sep 11; listing Sep 12 on BSE SME
What it does: IT services and software development across mobile/web apps, ERP, SaaS, AI/automation, and IT staffing; 123 employees as of July 31, 2025.
Vigor Plast India (NSE SME)
- Close date: Today, Sep 9, 2025 (open Sep 4)
- Price band: ₹77–₹81 per share; face value ₹10
- Issue size: ₹25.10 crore (₹20 cr fresh + ₹4.86 cr OFS)
- Lot size: Retail minimum 2 lots of 1,600 shares each = 3,200 shares; min outlay ≈₹2,59,200 at the cap
- Allotment/listing: Allotment Sep 10; refunds/demat Sep 11; listing Sep 12 on NSE SME
What it does: Manufacturer/supplier in plastics and polymers with CPVC/UPVC pipes focus; proposed NSE SME listing.
Sharvaya Metals (BSE SME)
- Close date: Today, Sep 9, 2025 (open Sep 4)
- Price band: ₹192–₹196 per share; face value ₹10
- Issue size: ₹58.80 crore (₹46.06 cr fresh + 5,00,000 shares OFS)
- Lot size: 600 shares per lot
- Allotment/listing: Allotment Sep 10; refunds/demat Sep 11; listing Sep 12 on BSE SME
What it does: Aluminium products company serving domestic and export customers; BSE SME listing planned.
Final‑Day Tips to Apply
- Submit ASBA/UPI bids before broker cut‑offs (often 4–5 PM).
- If unsure of price, select “cut‑off.” Ensure UPI mandates are approved promptly to avoid rejection.
- Double‑check PAN, DP ID/Client ID, and quantity; SME lots can be large—verify available funds and UPI limits.
After the Window Closes
- Basis of allotment: Expected tomorrow, Sep 10, 2025, for all three IPOs.
- Refunds/mandate unblocking: Sep 11, 2025.
- Demat credit: Sep 11, 2025.
- Listing: Friday, Sep 12, 2025 (BSE/NSE SME as applicable).
Note: Always rely on registrar/broker notifications for the final processing schedule; minor variations can occur across portals.
Interesting to see how varied the SME IPOs are in both scale and sector—Austere Systems looks tech-driven with a modest issue size, while Sharvaya Metals is much larger and more traditional. The high minimum investment for Vigor Plast might limit retail participation, but it’ll be worth tracking how oversubscription plays out when allotments are finalized tomorrow.