Austere Systems Limited
Bookbuilding IPO · BSE
- Price band
- ₹52 - ₹55
- Lot size
- 2,000 shares
- Issue amount
- ₹15.57 cr
- Total subscription
- 1,077.12×
- Opens
- 3 Sept 2025
- Closes
- 9 Sept 2025
- Allotment
- 10 Sept 2025
- Listing
- 12 Sept 2025
Offer at a glance
Issue overview
- Issue size
- 28,30,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,04,000
- Fresh issue
- ₹15.57 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,10,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 76,48,134
- Shares after issue
- 1,04,78,134
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 4,000 | ₹2,20,000 |
| sHNI | 3 | 6,000 | ₹3,30,000 |
| bHNI | 10 | 20,000 | ₹11,00,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 9 Sept 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 157 |
| NIB | 0 | 58,217 |
| RETAIL | 236 | 2,57,459 |
| HNIs(10L +) | 45 | 31,944 |
| HNIs (2-10L) | 23 | 26,273 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 2.95 | 697.19 |
| FIIs | 0 | 260.96 |
| Mutual Funds | 0 | 1.99 |
| Others | 0 | 428.5 |
| RETAIL | 5.19 | 5,664.1 |
| HNIs 2+ | 0.75 | 1,044.49 |
| HNIs 10+ | 1.5 | 3,779.07 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 5.35 | 5.91 | 2.52 |
| ROE | 31.76 | 59.85 | 44.33 |
| ROCE | 33.12 | 60.05 | 42.8 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 10.48 | 0 | 0 |
| POST IPO(PE) | 14.36 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 2013, Austere Systems Limited (ASL) is a software development company that provides a wide range of IT services and solutions for startups and enterprises. Its expertise spans software development, SaaS, mobile applications, IT solutions, database management, training, e-commerce, ERP, AI services, process automation, digital transformation, and data and document management. In addition to developing its own solutions, the company also engages in software reselling, business process outsourcing, and IT consulting, serving both global and Indian clients with a particular focus on underserved rural markets across the country, catering to private as well as government sectors. The company’s services include mobile application development for iOS, Android, HTML5, and hybrid platforms, offering scalable and efficient business solutions. It also delivers customized web application development using modern technologies to strengthen online presence and communication. Through IT staff augmentation, ASL provides permanent, temporary, and contract staffing solutions to streamline recruitment processes. Its digital marketing services cover SEO, SEM, content writing, PPC, and social media marketing to improve client visibility online. Additionally, the company offers managed services support, including IT infrastructure monitoring, service desk solutions, and unified communications, ensuring seamless business operations. As of August 31, 2024, Austere Systems Limited employs 119 professionals, including senior executives, engineers, developers, and administrative staff.
Strengths
- Diversified Client Base: Strong global and domestic presence across multiple industries, minimizing customer concentration risk and ensuring long-term business stability.
- Rapid Technology Adoption: Continuous focus on R&D, innovation, and partnerships enables quick adoption of emerging technologies to deliver competitive solutions.
- Rural Market Focus: Specialized in-house products for state governments and rural markets, unlocking growth opportunities in underserved regions.
Risk factors
- Pending Legal Proceedings: Ongoing litigations against the Company, Promoters, and Directors may lead to financial penalties and adversely affect reputation and operations.
- Government Dependency Risk: Significant reliance on government departments exposes the business to policy changes and budget cycles, causing revenue volatility.
- Uncertain R&D Returns: High costs and uncertainties in software R&D may restrict investment capacity and delay expected returns.
Promoters
Mr. Rahul Gajanan Teni
Mr. Piyush Gupta
Mr. Shikhir Gupta
Registrar & documents
Lead manager
GYR Capital Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Office 301-303, A Square, Plot No. 34 ADC, Sector 26, Pradhikaran, Pune, Maharashtra, 411044
+91 97738 23372
[email protected]Company website ↗Understanding AUSTERE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.