Austere Systems IPO will open on September 3, 2025, and close on September 8, 2025. It is a Book Built Issue through which the company plans to raise about ₹15.57 crores, consisting of a fresh issue of ₹15.57 crores along with an offer for sale of [.] equity shares, each having a face value of ₹10. The IPO price band is set between ₹52 and ₹55 per share. The quota allocation is 35% for retail investors, 50% for QIB, and 15% for NII. The allotment date is September 9, 2025, and the IPO will be listed on BSE on September 11, 2025.

Looking at the financials, the company recorded revenue of ₹18.66 crores in 2024 compared to ₹15.39 crores in 2023. Net profit rose to ₹3.78 crores in 2024 from ₹1.81 crores in 2023. Based on this performance, the IPO is considered a good option for long-term investment.

About Austere Systems IPO

At Austere, we believe in precision, quality, and satisfaction. Our dedicated team comprises 200+ passionate employees with over 6 years of experience, specializing in domains such as Data Analytics, customized ERP solutions, website development, mobile app development, design services, and L1/L2 support. To date, we have successfully delivered more than 100 projects for various small and large enterprises. We take pride in offering fast, personalized, and affordable web-based solutions, catering to both small-scale and large-scale projects. Our flexible engagement model ensures stability, and our expert team of developers possesses in-depth knowledge of the technologies they work with.