Austere Systems IPO Subscribed 67.83x on Day 3
The Austere Systems IPO was subscribed 67.83 times on its final day, till 5:00 PM on September 5, 2025.
Within the categories, the QIB quota was subscribed 5.62 times, the NII quota 88.77 times, and the RII quota 94.11 times. In total, the IPO received bids for 12,80,70,000 shares against 18,88,000 shares offered.
On earlier days, the IPO was subscribed 7.04 times on Day 1 and 29.33 times on Day 2.
Founded in 2013, Austere Systems Limited is a growing software development and IT services company catering to both startups and large 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 resells software, provides BPO and IT consulting services, and serves clients both in India and abroad, with a particular focus on rural markets in India across government and private sectors. Its service portfolio includes mobile app development, web app development, IT staff augmentation, digital marketing, and managed services support.
As of July 31, 2025, Austere Systems employed 123 permanent staff members. The company’s strengths lie in its experienced promoters, strong management team, and robust in-house product portfolio.
For FY 2025, the company reported revenue of ₹18.86 crores, slightly higher than ₹18.57 crores in FY 2024. Net profit also increased to ₹4.01 crores in FY 2025, compared to ₹3.78 crores in FY 2024.
As of Friday, September 5, 2025, the Austere Systems IPO GMP stood at ₹23, suggesting the IPO was trading at ₹78 in the grey market, reflecting a premium of ₹23 over the issue price of ₹55.
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