Bookbuilding IPO | ₹16 Cr | Listed at BSE SME | Wed, Sep 3, 2025 - Tue, Sep 9, 2025
Austere Systems IPO is a book build issue of ₹15.57 crores. The issue is entirely a fresh issue of 0.28 crore shares of ₹15.57 crore.
Austere Systems IPO bidding started from Sep 3, 2025 and ended on Sep 9, 2025. The allotment for Austere Systems IPO was finalized on Sep 10, 2025. The shares got listed on BSE SME on Sep 12, 2025.
Austere Systems IPO price band is set at ₹55 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,20,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,30,000.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company areSKI Capital Services Ltd., Wiinance Financial Services Pvt.Ltd..
Refer to Austere Systems IPO RHP for detailed Information.
IPO Open
Wed, Sep 3, 2025
IPO Close
Tue, Sep 9, 2025
Issue Price
₹55 per share
Market Cap (Pre-IPO)
₹57.63 Cr
| IPO Date | 3 to 9 Sep, 2025 |
| Listed on | Fri, Sep 12, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹52 to ₹55 |
| Issue Price | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 28,30,000 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 1,42,000 shares Wiinance Financial Services Pvt.Ltd. (agg. up to ₹0.7810 Cr) SKI Capital Services Ltd. |
| Fresh Issue (Ex Market Maker) | 26,88,000 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 26,88,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 76,48,134 shares |
| Share Holding Post Issue | 1,04,78,134 shares |
| BSE Script Code | 544505 |
| ISIN | INE104201012 |
Austere Systems IPO comprises a total issue size of 28,30,000 shares. The net offer to the public is 26,88,000 shares, after excluding 1,42,000 shares allotted on a firm basis. Of the Net offer 13,36,000 (49.70%) are allocated to QIB, 4,08,000 (15.18%) allocated to NII 9,44,000 (35.12%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 13,36,000 | 49.70% | 47.21% |
| − Anchor Investor Shares Offered | 8,00,000 | 28.27% | |
| − QIB (Ex. Anchor) Shares Offered | 5,36,000 | 18.94% | |
| NII (HNI) Shares Offered | 4,08,000 | 15.18% | 14.42% |
| − bNII > ₹10L | 2,72,000 | 9.61% | |
| − sNII < ₹10L | 1,36,000 | 4.81% | |
| Retail Shares Offered | 9,44,000 | 35.12% | 33.36% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,42,000 | 5.02% | |
| Total Shares Offered | 28,30,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,20,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,20,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,30,000 |
| S-HNI (Max) | 9 | 18,000 | ₹9,90,000 |
| B-HNI (Min) | 10 | 20,000 | ₹11,00,000 |
Austere Systems IPO raises ₹4.40 crore from anchor investors. Austere Systems IPO Anchor bid date is September 2, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Sep 2, 2025 |
| Shares Offered | 8,00,000 |
| Anchor Portion (₹ Cr.) | 4.40 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Oct 9, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Dec 9, 2025 |
Incorporated in 2013, Austere Systems Limited (ASL) is a software development company specializing in IT services and solutions for startups and enterprises.
The company specializes in software development, SaaS, mobile apps, IT solutions, database management, training, e-commerce, ERP, AI services, process automation, digital transformation, and data/document management.
The company resells software, offers business process outsourcing, IT consulting, and serves global and Indian clients, focusing on underserved rural markets in India, including both private and government sectors.
Services:
As of July 31, 2025, the company has 123 employees, including senior executives, engineers, developers and administrative staff.
Competitive Strengths:
Austere Systems Ltd.'s revenue increased by 1% and profit after tax (PAT) dropped by 3% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 18.63 | 12.23 | 8.60 |
| Total Income | 18.86 | 18.66 | 15.40 |
| Profit After Tax | 4.01 | 4.15 | 1.77 |
| EBITDA | 6.05 | 6.28 | 2.88 |
| NET Worth | 16.27 | 9.00 | 4.85 |
| Reserves and Surplus | 8.62 | 8.99 | 4.84 |
| Total Borrowing | 0.48 | 0.44 | 0.79 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the company | 11.60 |
| 2 | General Corporate Purposes | 2.40 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 31.76% |
| ROCE | 33.12% |
| Debt/Equity | 0.03 |
| RoNW | 24.66% |
| PAT Margin | 21.55% |
| EBITDA Margin | 32.06% |
| Price to Book Value | 2.58 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.25 | 3.83 |
| P/E (x) | 10.48 | 14.36 |
| Promoter Holding | 91.67% | 68.66% |
| Market Cap | ₹57.63 Cr. |
The Austere Systems IPO is subscribed 1,076.99 times on September 9, 2025 5:04:34 PM (Day 5). The public issue subscribed 1,090.81 times in the individual investors category, 236.50 times in the QIB category, and 2,149.19 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 236.50 | 5,36,000 | 12,67,62,000 | 0 |
| NII* | 2,149.19 | 4,08,000 | 87,68,70,000 | 0 |
| bNII (bids above ₹10L) | 2,525.60 | 2,72,000 | 68,69,62,000 | |
| sNII (bids below ₹10L) | 1,396.38 | 1,36,000 | 18,99,08,000 | |
| Individual Investors | 1,090.81 | 9,44,000 | 1,02,97,28,000 | 0 |
| Total | 1,076.99 | 18,88,000 | 2,03,33,60,000 | 3,17,155 |
Total Application : 3,17,155
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees. | 0.15 |
| 2 | Underwriting Fees | 0.62 |
| 3 | Fees payable to the Market maker to the Issue | 0.03 |
| 4 | Fees payable to the Registrar to the Issue | 0.04 |
| 5 | Fees payable for Advertising and Publishing Expense | 0.15 |
| 6 | Fees payable to Regulators including Stock Exchange & Depositories | 0.22 |
| 7 | Payment for Printing & Stationary, Postage etc | 0.00 |
| 8 | Fees payable to statutory auditors, Legal Advisors & other Professionals | 0.24 |
| 9 | Other Expense | 0.12 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹75.55 |
| Low | ₹71.78 |
| High | ₹79.32 |
| Last Trade | ₹79.32 |
Lead Manager Reports
Austere Systems IPO is a SME IPO of 28,30,000 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on Wed, Sep 3, 2025, and closes on Tue, Sep 9, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Austere Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Austere Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Austere Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Austere Systems IPO opens on Wed, Sep 3, 2025 and closes on Tue, Sep 9, 2025.
Austere Systems IPO lot size is 2000, and the minimum amount required for application is ₹2,20,000, with 2 lots being the minimum application size.
You can apply in Austere Systems IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Austere Systems IPO will be done on Wednesday, September 10, 2025, and the allotted shares will be credited to your demat account by Thu, Sep 11, 2025. Check the Austere Systems IPO allotment status.
The Austere Systems IPO listing date is on Fri, Sep 12, 2025.
