Austere Systems IPO Subscription Status

Austere Systems IPO was subscribed 7.04 times on the very first day of bidding, closing at 05:00 PM on 3rd September 2025.

• QIB (Qualified Institutional Buyers): 3.52x
• NII (Non-Institutional Investors): 6.21x
• RII (Retail Individual Investors): 9.40x

The IPO received bids for 1,32,92,000 equity shares against the 18,88,000 shares on offer, showing strong demand across all investor categories.

• Day 1 Subscription: 7.04x

About Austere Systems Limited

Founded in 2013, Austere Systems Limited is a fast-growing IT services and software development company catering to both startups and large enterprises. The company provides a wide range of technology solutions, including:

• Software Development & SaaS Products
• Mobile & Web Application Development
• Database Management & ERP Solutions
• AI, Process Automation & Digital Transformation
• E-commerce & Document/Data Management Solutions
• IT Training & Staff Augmentation

In addition, Austere Systems is engaged in software reselling, IT consulting, and BPO services, serving both Indian and international clients. The company has also expanded its focus into rural markets in India, working with clients from the private and government sectors.

Its services portfolio further includes Digital Marketing and Managed IT Support Services, enabling businesses to scale with technology-driven solutions.

As of 31st July 2025, Austere Systems employed 123 permanent staff members. The company’s key strengths lie in its experienced promoters, strong management team, and robust in-house product portfolio.

Austere Systems Financial Highlights

• Revenue (FY 2025): ₹18.86 crores (vs. ₹18.57 crores in FY 2024)
• Profit (FY 2025): ₹4.01 crores (vs. ₹3.78 crores in FY 2024)

This reflects steady revenue growth with an improved profit margin year-on-year.

Austere Systems IPO GMP (Grey Market Premium)

As of Wednesday, 3rd September 2025, the Austere Systems IPO GMP stood at ₹15.
This indicates that the IPO shares are trading at ₹70 in the grey market, reflecting a ₹15 premium over the issue price of ₹55.