Austere Systems IPO subscribed 1,076.99 times on the last day. The retail quota was subscribed over 1,090.81 times, NII was subscribed over 2,149.19 times, and QIB was subscribed over 236.50 times, respectively.
Details About Austere Systems IPO
Austere Systems got approval from SEBI for an IPO of around ₹15.57 crores. Austere Systems IPO is a fresh issue of ₹15.57 crores with a face value of ₹10 each. Further, Austere Systems had a set price band between ₹52 and ₹55 per share.
In the Austere Systems IPO, 4,000 shares were available in two lot sizes for the retail minimum and maximum categories. Moreover, 6000 shares were in 3 lot sizes for the S-HNI category, and S-HNI Maximum 18000 shares in 9 lot sizes. B-HNI minimum 20,000 shares in 10 lot sizes.
To invest in the Austere Systems IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹2,20,000.
- SHNI (S-HNI): Minimum investment of ₹3,30,000.
- S-HNI Maximum: maximum investment of ₹9,90,000.
- B-HNI Minimum: minimum investment of ₹11,00,000.
Austere Systems IPO’s Subscription Duration
Austere Systems IPO was started for subscription on September 3, 2025, and closed on September 9, 2025. The Austere Systems IPO’s allotment date was September 10, 2025, and they received a refund on September 11, 2025. In contrast, Austere Systems’ listing date is scheduled for September 12, 2025.
Austere Systems IPO funds deployment
The IPO money would be utilised for funding the working capital requirement of the company and for general purposes.
About Austere Systems Company
Established in 2013, Austere Systems Limited is one of the growing software development companies involved in IT services and solutions for startups and enterprises. Austere Systems Limited focuses on software development, SaaS, mobile apps, IT solutions, database management, training, e-commerce, ERP, AI, process automation, digital transformation, and data/document management.
Austere Systems Limited resells software, offers BPO and IT consulting, and serves global and Indian clients. It focuses on rural markets in India spanning the private and government sectors. Its services include Mobile Application Development, Web Application Development, IT Staff Augmentation, Digital Marketing, and Managed Services Support. As of July 31, 2025, the company had 123 permanent employees. The strength of the company is experienced promoters, a strong Management team, and a strong in-house product portfolio.
Financial Report of the Austere Systems Company
The company earned ₹18.86 crores in revenue in 2025, slightly up from ₹18.57 crores in 2024. Its profit also increased to ₹4.01 crores in 2025 from ₹3.78 crores in 2024.
