Austere Systems Limited IPO
Austere Systems Limited IPO
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Having completed its public offering, Austere Systems Limited's is now listed and trading on the BSE exchange as of 12-09-2025. The IPO raised cumulative capital of 28,30,000 Shares, including 28,30,000 Shares in primary capital infusion.
The IPO was conducted with a price range of ₹52 to ₹55 and minimum investment requirement of 2000 shares. subscription activity between 03-09-2025 and 09-09-2025 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on 10-09-2025 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Austere Systems IPO About Company
Incorporated in 2013, Austere Systems Limited (ASL) is a software development company that provides a wide range of IT services and solutions for startups and enterprises. Its expertise spans software development, SaaS, mobile applications, IT solutions, database management, training, e-commerce, ERP, AI services, process automation, digital transformation, and data and document management. In addition to developing its own solutions, the company also engages in software reselling, business process outsourcing, and IT consulting, serving both global and Indian clients with a particular focus on underserved rural markets across the country, catering to private as well as government sectors. The company’s services include mobile application development for iOS, Android, HTML5, and hybrid platforms, offering scalable and efficient business solutions. It also delivers customized web application development using modern technologies to strengthen online presence and communication. Through IT staff augmentation, ASL provides permanent, temporary, and contract staffing solutions to streamline recruitment processes. Its digital marketing services cover SEO, SEM, content writing, PPC, and social media marketing to improve client visibility online. Additionally, the company offers managed services support, including IT infrastructure monitoring, service desk solutions, and unified communications, ensuring seamless business operations. As of August 31, 2024, Austere Systems Limited employs 119 professionals, including senior executives, engineers, developers, and administrative staff.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Austere Systems IPO Strength Factors
- Diversified Client Base: Strong global and domestic presence across multiple industries, minimizing customer concentration risk and ensuring long-term business stability.
- Rapid Technology Adoption: Continuous focus on R&D, innovation, and partnerships enables quick adoption of emerging technologies to deliver competitive solutions.
- Rural Market Focus: Specialized in-house products for state governments and rural markets, unlocking growth opportunities in underserved regions.
Austere Systems IPO Risk Factors
- Pending Legal Proceedings: Ongoing litigations against the Company, Promoters, and Directors may lead to financial penalties and adversely affect reputation and operations.
- Government Dependency Risk: Significant reliance on government departments exposes the business to policy changes and budget cycles, causing revenue volatility.
- Uncertain R&D Returns: High costs and uncertainties in software R&D may restrict investment capacity and delay expected returns.
Austere Systems IPO Lead Manager(s)
- GYR Capital Advisors Private Limited
Austere Systems IPO Promoter(s)
- Mr. Rahul Gajanan Teni
- Mr. Piyush Gupta
- Mr. Shikhir Gupta
Austere Systems IPO FAQs
Austere Systems Limited IPO subscribed 1,077.12 times. The public issue subscribed 1090.93 times in the retail category,236.5times in QIB, and 2526.12 times in the HNI (10+) category byNovember 21, 2025 10:17:05 AM (Day 21).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Austere Systems IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Austere Systems IPO FAQs
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