Austere Systems IPO Subscribed 273.94x on Day 4
Austere Systems IPO was subscribed 273.94 times on the final day, September 8, 2025, by 5:00 PM.
The subscription breakdown shows the QIB portion subscribed 6.54 times, the NII portion 405.07 times, and the retail portion 369.09 times. In total, the company received bids for 51,71,92,000 shares against 18,88,000 shares available for offer.
On day 2, the IPO was subscribed 29.33 times, while on day 1 it saw a subscription of 7.04 times.
Founded in 2013, Austere Systems Limited is a growing software development company providing IT services and solutions to startups as well as large enterprises. Its expertise includes software development, SaaS, mobile applications, IT solutions, database management, 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 global clients. Austere Systems has a strong focus on rural Indian markets across the private and government sectors. Its offerings include Mobile Application Development, Web Application Development, IT Staff Augmentation, Digital Marketing, and Managed Services Support. As of July 31, 2025, the company employed 123 permanent staff members. Its key strengths lie in its experienced promoters, capable management team, and robust in-house product portfolio.
For FY 2025, the company reported revenue of ₹18.86 crores compared to ₹18.57 crores in FY 2024. Net profit stood at ₹4.01 crores in 2025, slightly higher than ₹3.78 crores in 2024.
As of Monday, September 8, 2025, the Grey Market Premium (GMP) for Austere Systems IPO was ₹25. This implies that the IPO was trading at ₹80 in the grey market, reflecting a ₹25 premium over the issue price of ₹55.
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