Austere Systems IPO Subscription Status

Austere Systems IPO was subscribed 29.33 times on the second day of bidding, i.e., 4th September 2025, till 5:00 PM.

• QIB quota: 3.52x
• NII quota: 35.86x
• Retail quota: 41.16x

In total, the company received bids for 5,53,72,000 shares against 18,88,000 shares on offer.

• Day 1 subscription: 7.04x
• Day 2 subscription: 29.33x

About Austere Systems Limited

Founded in 2013, Austere Systems Limited is a fast-growing software development company providing IT services and solutions to startups and enterprises. Its expertise includes software development, SaaS, mobile applications, IT solutions, database management, training, e-commerce, ERP, AI, process automation, digital transformation, and data/document management.

The company also engages in software reselling, BPO services, and IT consulting, catering to both domestic and international clients. Austere Systems has a special focus on rural markets in India, serving private as well as government sectors. Its offerings include mobile app development, web app development, IT staff augmentation, digital marketing, and managed services support.

As of July 31, 2025, the company employed 123 permanent staff. Its key strengths include experienced promoters, a strong management team, and a robust in-house product portfolio.

Austere Systems Financials

• Revenue: ₹18.86 crore in FY25 vs ₹18.57 crore in FY24
• Net Profit: ₹4.01 crore in FY25 vs ₹3.78 crore in FY24

Austere Systems IPO GMP

As of Thursday, 4th September 2025, the Grey Market Premium (GMP) stood at ₹17. This indicates that the IPO shares were trading at ₹72 in the grey market, reflecting a premium of ₹17 over the issue price of ₹55.