IPO Details

Bidding Dates

03 Sep '25 - 09 Sep '25

Minimum Investment

₹2,20,000 / 2 Lot (4,000 Shares)

Price Range

₹52 - ₹55

Maximum Investment

₹2,20,000/ 2 Lot (4,000 Shares)

Retail Discount

To be announced

Issue Size

₹15.57 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Austere Systems IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Sep 03, 25

IPO Closing Date

Sep 09, 25

Basis of Allotment

Sep 10, 25

Initiation of Refunds

Sep 11, 25

IPO Listing Date

Sep 12, 25

Austere Systems IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Sep 2, 2025

 3.52 6.21 9.40 7.04

Day 2Sep 3, 2025

 3.53 35.86 41.16 29.33

Day 3Sep 4, 2025

 5.62 88.77 94.11 67.83

Day 4Sep 7, 2025

 6.54 405.07 369.09 273.94

Day 5Sep 8, 2025

 236.50 2,149.19 1,090.81 1,076.99

About Austere Systems IPO

Austere Systems IPO is a book-built issue worth ₹15.57 crore. It is entirely a fresh issue of 0.28 crore shares, raising the full amount through equity. The IPO will open for subscription on September 3, 2025, and close on September 9, 2025.

The basis of allotment is expected to be finalised on September 10, 2025, with tentative listing scheduled on BSE SME for September 12, 2025. The price band for the Austere Systems IPO has been fixed between ₹52 and ₹55 per share. 

Investors can bid for Austere Systems IPO with a minimum of 2 lots of 2,000 shares, having 4,000 shares in each lot. For retail investors, the minimum investment required is ₹2,20,000. For small high net worth investors (sNII), the lot size stands at 3 lots, equal to 6,000 shares, amounting to ₹3,30,000. For big non-institutional investors (bNII), the lot size is 10 lots, which translates to 20,000 shares, requiring an investment of ₹11,00,000. 

GYR Capital Advisors Pvt.Ltd. is the book running lead manager (BRLM) and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company are SKI Capital Services Ltd and Wiinance Financial Services Pvt.Ltd. Detailed information is available in the Austere Systems IPO RHP.

Austere Systems IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  • Working capital requirements.
  • General Corporate Purposes.

About Austere Systems Limited 

Incorporated on June 12, 2015, Austere Systems Limited (ASL) is a technology driven company specialising in IT-enabled services, including software development, IT consulting, and business process management. 

ASL serves a diverse clientele across India and beyond, catering to industries requiring customizsed IT solutions. Its services span software development, system integration, IT infrastructure management, and digital transformation, with a focus on delivering tailored solutions to meet client-specific requirements.

The company has established a strong foothold in key markets, providing services to clients in sectors such as finance, healthcare, and manufacturing.

ASL’s offerings include enterprise software solutions, cloud-based applications, and data analytics services. Additionally, it engages in strategic partnerships with leading technology providers to ensure cutting edge solutions.

Operating on a B2B model, ASL collaborates with prominent organisations, delivering order-based IT solutions that align with precise client specifications. 

Austere Systems Limited has its registered office in Pune, Maharashtra, and corporate office in Gurgaon, Haryana, ASL is well-positioned to serve its clients across India and explore international opportunities.

Industry Outlook

  • Global IT spending is projected to reach USD 5 trillion in 2024, registering a growth of 6.8% over the previous year, according to Gartner. Within this, IT services have emerged as the largest segment, expected to expand by 8.7% to USD 1.5 trillion.
  • While technologies such as generative AI have generated strong hype, their near-term impact on IT spending remains limited. Instead, traditional factors such as profitability, workforce management, and digital transformation priorities continue to influence investment trends.
  • In India, IT spending is expected to witness double digit growth of 11.1% in 2024, supported by demand for AI, cloud, cybersecurity, and analytics solutions. The domestic software sector is forecast to grow at 13.4%, IT services by 13.4%, and devices by 12.3%, aided by rising consumer replacement cycles and enterprise modernization initiatives.
  • The Indian IT & BPM industry has been a key growth driver for the economy, contributing 7.4% to GDP in FY22 and projected to reach 10% by 2025. The sector is on track to achieve USD 350 billion in revenues by 2026, buoyed by digital adoption, skilled workforce expansion, and government initiatives such as the Digital India program.

How To Apply for the Austere Systems IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Austere Systems IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of Austere Systems IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Austere Systems IPO

301-303, A Square, Plot No. 34 ADC Sector 26, Pradhikaran, Pune, Maharashtra, India, 411044

Phone:+91-97738 23372

E-mail:compliance@austere.co.in

Austere Systems IPO Reservation

Investor Category

Shares 

Percentage

Market Maker

1,42,000

5.02%

QIB (Qualified Institutional Buyers)

13,36,000

47.21%

NII (Non-Institutional Investors / HNI)

4,08,000

14.42%

Retail Investors

9,44,000

33.36%

Total

28,30,000

100.00%

Austere Systems IPO Lot Size Details

Application

Lots

Shares

Amount

Retail (Min)

2

4,000

₹2,20,000

Retail (Max)

2

4,000

₹2,20,000

S-HNI (Min)

3

6,000

₹3,30,000

S-HNI (Max)

9

18,000

₹9,90,000

B-HNI (Min)

10

20,000

₹11,00,000

Austere Systems IPO Promoter Holding

The promoters of the company are Mr. Rahul Gajanan Teni, Mr. Piyush Gupta and Mr. Shikhir Gupta.

Share Holding Pre-Issue

91.67%

Share Holding Post Issue

Nil

Note: Since the entire Issue comprises a Fresh Issue of Equity Shares, details of Offer for Sale, selling shareholders and their average cost of acquisition are not applicable.

Key Performance Indicators for Austere Systems IPO

KPI

Value

ROE (%)

31.76

RoCE (%)

33.12

Debt Equity Ratio (x)

0.03

PAT Margin (%)

21.55

EBITDA Margin (%)

32.06

Austere Systems IPO Prospectus

Austere Systems IPO Registrar and Lead Managers

Austere Systems IPO Lead Managers

  • GYR Capital Advisors Pvt.Ltd.

Registrar for Austere Systems IPO

Kfin Technologies Ltd.

Financial Performance of Austere Systems Limited

Particulars Year Ending on Mar 31, 2025 Year Ending on Mar 31, 2024 Year Ending on Mar 31, 2023
Revenue from Operations (₹ in hundreds) 1,862,051.23 1,856,571.23 1,535,882.18
EBITDA (₹ in hundreds) 604,777.88 628,023.44 287,516.14
EBITDA Margin (%) 32.06 33.67 18.68
Profit After Tax (₹ in hundreds) 401,325.53 414,526.71 176,984.12
PAT Margin (%) 21.55 22.33 11.52
Return on Equity (RoE) (%) 31.76 59.85 44.33
Return on Capital Employed (RoCE) (%) 33.12 60.05 42.80
Debt-Equity Ratio 0.03 0.05 0.16

Know before investing

Strengths

6

  1. Austere Systems Limited has an experienced promoter and a qualified senior management team.

  2. The company has a strong global presence.

  3. Austere Systems Limited operates a scalable business model.

  4. The company focuses on capacity building and capability expansion, including digital engineering and embedded solutions.

  5. The company has customer centric approach

  6. Skilled and diverse in house team

Risks

6

  1. Rapid technological changes in the IT industry could render the company’s services obsolete, impacting business operations.

  2. Ongoing litigation involving the company, directors, or promoters may lead to liabilities or reputational damage.

  3. Significant revenue from government contracts exposes the company to volatility from budgeting cycles and policy changes.

  4. Delays in receivables from government contracts and mandatory deposits may strain liquidity and working capital.

  5. High research and development costs in software may not yield timely returns, affecting financial performance

  6. Intense competition from larger IT firms may limit the company’s ability to secure high scale projects

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Austere Systems IPO FAQs

What is the Austere Systems IPO?

Austere Systems IPO is a book-built issue IPO. It runs from September 3, 2025, to September 9, 2025.

When will the Austere Systems IPO be allotted?

The Basis of Allotment will happen on Wednesday, September 10, 2025.

When will the Austere Systems IPO open for subscription?

The IPO subscription window will open on September 3, 2025.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 2 lot, and the lot size is 2,000 shares. 

When will the Austere Systems IPO list on exchanges?

The listing date for Austere Systems IPO is Friday, September 12, 2025. 

What is the issue size of the Austere Systems IPO?

The issue size of the Austere Systems IPO is ₹15.57 crore.

What are the open and close dates of the Austere Systems IPO?

The open and close dates for Austere Systems IPO are from September 3, 2025, to September 9, 2025.

What would be the listing gains on the Austere Systems IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting an Austere Systems IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the Austere Systems IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate. 

Can I submit more than one application for the public issue of Austere Systems IPO using one PAN?

You can submit only one application using your PAN card. 

How to read Austere Systems Limited's financial statements?

To read Austere Systems Limited’s financial statements, download the IPO’s RHP document. 

What is 'pre-apply' for the Austere Systems IPO?

Pre-apply allows investors to apply for the Austere Systems IPO two days before the subscription period opens, ensuring an early submission of your application. 

If I pre-apply for the Austere Systems IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours. 

When will I know if my Austere Systems IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts. 

Who is the registrar of Austere Systems IPO?

Kfin Technologies Ltd. is the registrar responsible for managing the IPO allotment process and handling investor queries. 

Where is the Austere Systems IPO getting listed?

The Austere Systems IPO is proposed to be listed on the BSE SME.