Austere Systems IPO Subscription Status

• The Austere Systems IPO witnessed a massive subscription of 1,076.99 times on its final day (till 5:00 PM, September 9, 2025).
• Subscription details:
  • QIB (Qualified Institutional Buyers): 236.50x
  • NII (Non-Institutional Investors): 2,149.19x
  • RII (Retail Individual Investors): 1,090.81x
• Bids received: 2,03,33,60,000 shares against 18,88,000 shares on offer.

Day-wise subscription trend:

• Day 1: 7.04x
• Day 2: 29.33x
• Day 3 (Final Day): 1,076.99x

The overwhelming subscription reflects huge investor demand, especially from NII and retail categories, making it one of the most oversubscribed IPOs of the year.

About Austere Systems Limited

• Founded: 2013
• Nature of Business: A growing IT and software development company delivering end-to-end IT services and digital solutions.
• Core Offerings:
  • Software Development & SaaS Platforms
  • Mobile and Web Application Development
  • ERP, AI, and Process Automation Solutions
  • E-commerce and Digital Transformation Services
  • Data & Document Management, Database Solutions
• Additional Services:
  • IT Consulting and BPO Services
  • IT Staff Augmentation & Training
  • Managed Services Support
  • Digital Marketing Solutions
• Client Base:
  • Serves global enterprises and Indian clients, with a special focus on rural India markets in both private and government sectors.
• Strengths:
  • Experienced promoters and leadership team
  • Strong in-house software product portfolio
  • Expanding service reach across SaaS and cloud-based models
• Workforce: As of July 31, 2025, the company employed 123 permanent staff across its operations.

Financial Performance

• Latest Results (2024–2025):
  • Revenue: ₹18.86 crore (2025) vs. ₹18.57 crore (2024)
  • Profit: ₹4.01 crore (2025) vs. ₹3.78 crore (2024)
• Growth Insight:
  • The company has shown steady revenue growth with an increase in profitability.
  • Focus on scalable SaaS products and automation services is expected to boost margins further in upcoming years.

Austere Systems IPO Grey Market Premium (GMP)

• As of Tuesday, September 9, 2025, the IPO GMP stood at ₹28.
• This indicates the IPO was trading at ₹83 in the grey market against its issue price of ₹55, reflecting a premium of ₹28 (approx. 51% gain).
• The high subscription demand combined with a strong GMP suggests the IPO may list at a significant premium on the stock exchange.