Austere Systems IPO
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Austere Systems IPO details
Schedule of Austere Systems
| Issue open date | 03 Sep 2025 |
| Issue close date | 09 Sep 2025 |
| UPI mandate deadline | 09 Sep 2025 (5 PM) |
| Allotment finalization | 10 Sep 2025 |
| Refund initiation | 11 Sep 2025 |
| Share credit | 11 Sep 2025 |
| Listing date | 12 Sep 2025 |
| Mandate end date | 24 Sep 2025 |
| Lock-in end date for anchor investors (50%) | 10 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 09 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Austere Systems
Austere Systems is an IT solutions and digital transformation company that delivers a comprehensive suite of services including software development, mobile and web applications, ERP and MIS systems, SaaS platforms, data analytics, AI, process automation, cloud deployments, IT-enabled services, staff augmentation, and business process outsourcing. Headquartered in Pune, the company also serves global clients across the US, UK, EU, and APAC regions through agile distributed delivery models.
Financials of Austere Systems
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹15.57 crores |
| Fresh Issue | ₹15.57 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 11.60 (74.5%) |
| General corporate purposes | 3.89 (25%) |
| Miscellaneous | 0.07 (0.5%) |
Strengths
- Integrated service portfolio covering software, cloud, AI, and outsourcing.
- Diverse client base including startups, SMEs, enterprises, and government bodies.
- Growing financial performance with improving profitability.
- Experienced management team with domain expertise in IT services.
- Proven track record with 100+ completed projects across sectors.
Risks
- Relatively small revenue base compared to larger IT peers.
- Competitive industry with pressure on pricing and margins.
- Rapid tech shifts require continuous investment in skills and innovation.
Allotment Status for Austere Systems
To check your allotment status – click here.
Subscription Figures for Austere Systems
As per media reports (Link), the Grey Market Premium (GMP) of Austere Systems is reported at ₹23 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 09, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 5.36 | 1267.62 | 236.50x |
| NII | 4.08 | 8768.70 | 2149.19x |
| Retail | 9.44 | 10297.28 | 1090.81x |
| Total | 18.88 | 20333.60 | 1076.99x |