Austere Systems was incorporated on June 12, 2015. The company offers a wide range of services, including software development, SaaS, mobile apps, IT solutions, data management, e-commerce, ERP, AI, process automation, and digital transformation. It serves global and Indian clients across private and government sectors, with a strategic focus on underserved rural markets
| Bidding Dates |
|---|
| 03 Sep 2025 - 09 Sep 2025 |
| Subscription |
|---|
| 1001.78x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,08,000 | 2 | 2 | 2000 | 2.8 M | ₹52 - ₹55 | 66.9 % | ₹147.2 M - ₹155.7 M | RHP DOC |
Austere Systems IPO SUBSCRIPTION STATUS
09 Sep '25Austere Systems IPO overall subscription rate was 1001.78 times the total available shares
Austere Systems IPO retail subscription rate was 1449.45 times in the retail segment
Austere Systems IPO non-institutional investor subscription rate was 2880.17 times in the non-institutional investor category
Austere Systems IPO Qualified Institutional Bidder subscription rate was 124.89 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
- | - | - | - |
09 Sep 2025 (Day 6) | 1449.45x | 2880.17x | 124.89x |
08 Sep 2025 (Day 5) | 490.39x | 543.22x | 3.45x |
05 Sep 2025 (Day 4) | 125.04x | 119.41x | 2.97x |
04 Sep 2025 (Day 3) | 54.68x | 48.52x | 1.86x |
03 Sep 2025 (Day 2) | 12.49x | 8.32x | 1.86x |
Austere Systems FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 18.6 | 4.0 | 0.5 | 0.3 | 32.1% |
| FY24 | 18.6 | 4.1 | 2.7 | 2.6 | 33.7% |
| FY23 | 15.4 | 1.8 | 0.0 | -1.1 | 18.7% |
Austere Systems IPO SUBSCRIPTION STATUS DETAILS
Austere Systems had 2.8 M shares on offer
Austere Systems IPO offer price was in the range ₹52 - ₹55
Austere Systems IPO minimum Investment was ₹208000
Austere Systems IPO issue size was ₹ 147.2 M - ₹ 155.7 M
Austere Systems had a minimum lot size of 2000 Shares per application
Austere Systems NUMBER OF SHARES ON OFFER
Austere Systems IPO IMPORTANT DATES
| Issue Open Date | 03 Sep 2025 |
| Issue close Date | 09 Sep 2025 |
| Allotment Date | 10 Sep 2025 |
| Refund Date | 11 Sep 2025 |
| Demat Account Credit Date | 11 Sep 2025 |
| Listing Date | 12 Sep 2025 |
| Listing on Exchange(s) | BSE |
| Austere Systems Allotment Status | Exchange/ Registrar |
Austere Systems IPO subscription opened on 03 Sep 2025, and closed on 09 Sep 2025
IPO allotment for Austere Systems was finalized on Wednesday, 10 Sep 2025
IPO listing for Austere Systems was on BSE on Friday, 12 Sep 2025
Austere Systems IPO LISTING GAINS
| Issue Price (adjusted) | 55.0 |
| Listing Open Price | 75.5 |
| Listing Close Price | 79.3 |
| Listing Gain% | 37.4% |
| Current Gain% | -23.6% |
Austere Systems Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Austere Systems Ltd. | 42 | 44 | 8.7 | 0.3 | 1.9 | 14.4 | 12.7 | 23.4 | 23.8 | 5 | 25.6 | 4.8 | 25.6 |
| Tata Consultancy Services Ltd. | 2437.1 | 881764.1 | 17.7 | 16.6 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1188.3 | 482218.9 | 15.9 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1362.6 | 369764 | 21.2 | 8.1 | 2.8 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 183.9 | 182112.1 | 13.8 | -7.6 | 1.9 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1646.4 | 161361.2 | 31.4 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Austere Systems INFORMATION ON IPO ISSUE
About Austere Systems
Austere Systems was incorporated on June 12, 2015. The company offers a wide range of services, including software development, SaaS, mobile apps, IT solutions, data management, e-commerce, ERP, AI, process automation, and digital transformation. It serves global and Indian clients across private and government sectors, with a strategic focus on underserved rural markets
Object of the Issue
- Funding the working capital requirements of the company
- General corporate purposes
Austere Systems - PROMOTERS
| Name |
|---|
| Rahul Gajanan Teni |
| Shikhir Gupta |
| Piyush Gupta |
Austere Systems - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Rahul Gajanan Teni | Director |
| Shikhir Gupta | Chairman & Managing Director |
| Piyush Gupta | Director & CFO |
| Adbhut Prakash Aggarwal | Independent Director |
| Shard Gaur | Independent Director |
| Shriya Mangla | Independent Director |
| Esha Gupta | Non-Executive Director |
Austere Systems Book Running Lead Manager
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
Austere Systems Registrar to the issue
KFin Technologies Limited
nvl.ipo@kfintech.com
Austere Systems Strengths
In-house product portfolio
The company’s services include web-app development, store operation apps, proof of concepts, RFP creation, process automation, testing, cloud computing, and platform deployment. This diverse portfolio enables tailored solutions that enhance efficiency and innovation
Technological advancements
The company adopts a proactive approach to technology, continuously monitoring trends and integrating valuable innovations into its services. With strong R&D, strategic partnerships, and ongoing team training, it stays competitive and equipped to implement new advancements effectively
Client relationship
With 100+ clients worldwide, the company is recognized as a trusted technology partner, known for successful project execution and client satisfaction. Its technical expertise, flexible approach, and cross-domain competencies enable tailored solutions that deliver measurable ROI
Austere Systems Risks
High R&D investment requirement
Software and product development requires high capital, long timelines, and carries significant risk, as success depends on innovation, marketing, and distribution. With short product life cycles, continuous R&D investment is needed to stay competitive, but such costs may impact operations if not offset by timely revenues
Security risks
The company safeguards its systems through firewalls, intrusion detection, penetration testing, and encryption to reduce security risks. While no breaches have occurred to date, failures in these measures could still impact business operations
Competition
The company faces challenges in securing large-scale projects, which are often awarded to bigger players who may outsource portions at reduced margins. This limits revenue growth and profitability, as full value and scale benefits are not captured, despite efforts through partnerships and consortia
IPO FAQs
The promoters of the company are Rahul Gajanan Teni, Shikhir Gupta and Piyush Gupta.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 52.0 - 55.0.
The IPO application opens on Sep 03, 2025 and closes on Sep 09, 2025.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 208,000.0, the maximum value for this IPO is Rs 220,000.0.
This IPO will be allotted on Sep 10, 2025.
The refund will be credited to your account on Sep 11, 2025.
The allotted shares will be credited to your demat on Sep 11, 2025.
Austere Systems Ltd.’s shares listed on the stock exchanges on Sep 12, 2025.