Austere Systems came to market through an SME IPO that opened on 3 September 2025 and closed on 9 September 2025, and the shares listed on 12 September 2025 on BSE SME. The price band was ₹52 to ₹55 per share and one lot was 2000 shares, so the minimum application was ₹1,10,000. The issue size was ₹15.57 crore. The whole issue was fresh shares, so the money raised went to the company.
Kfin Technologies Limited was the registrar to the issue, and GYR Capital Advisors Pvt Ltd was the lead manager.
As of 9 September 2025.
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Incorporated in 2013, Austere Systems Limited (ASL) is a software development firm dealing with IT services and solutions for startups and large enterprises. The firm deals with software development, SaaS, mobile applications, IT solutions, database management, training, e-commerce, ERP, AI services, process automation, digital transformation, and data/document management.The business resells software, provides business process outsourcing, IT consulting, and services to global and Indian customers, targeting underserved rural markets in India, both the private and government sectors. Services: Mobile Application Development:
The business creates iOS, Android, HTML5, and hybrid apps, providing scalable and effective mobile solutions to businesses. Web Application Development: The business offers customized web solutions through contemporary technologies to develop businesses' online presence and interaction. IT Staff Augmentation: The firm provides recruitment solutions in the form of permanent, temporary, and contract employment, maximizing the hiring process for companies. Digital Marketing: The firm provides SEO, SEM, content writing, PPC, and social media marketing to maximize online presence. Managed Services Support:
The firm provides IT infrastructure monitoring, service desk support, and unified communications to run the business smoothly. As of July 31, 2025, the Company employs 123 people, consisting of senior management, engineers, programmers and administrative personnel.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
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Mr. Rahul Gajanan Teni, Mr. Piyush Gupta, Mr. Shikhir Gupta.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Austere Systems IPO was a ₹15.57 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹52–₹55 per share with a lot size of 2,000 shares; the minimum retail application was 4,000 shares (₹2,20,000). The IPO was open from September 3 to September 9, 2025 and was subscribed 1077.12x. Shares listed on BSE SME on September 12, 2025 at ₹75.55, a 37.4% premium to the issue price of ₹55. Kfin Technologies Limited is the registrar.
GYR Capital Advisors Pvt Ltd is the book running lead manager.
The price band of Austere Systems IPO is ₹52 to ₹55 per share.
The lot size of Austere Systems IPO is 2000 shares.
The minimum investment for Austere Systems IPO is approximately ₹2,20,000 based on the upper price band.
The allotment date of Austere Systems IPO is Sep 10, 2025.
Austere Systems IPO's final recorded GMP before listing was ₹27 per share (a 49% premium over the ₹55 upper price band). The shares listed at ₹75.55. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Austere Systems IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Austere Systems IPO allotment status on Rupix for quick and easy access.
₹52 to ₹55 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 2000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,10,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,10,000, for one lot of 2000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 3 September 2025 and closed on 9 September 2025.
The basis of allotment was published on 10 September 2025 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 12 September 2025 on BSE SME.
The issue size was ₹15.57 crore. The fresh issue was 28,30,000 shares (aggregating up to ₹15.57 crore).