Austere Systems Limited, founded in 2015 and specializing in software development and IT-enabled services, has announced its Initial Public Offering (IPO) to raise Rs 15.56 crores through the issuance of 28,30,000 fresh equity shares. The IPO will open for anchor investors on September 2, 2025, while the bidding period will run from September 3 to September 8, 2025, with a price band of Rs 52–55 per share. Post issue, the company’s shares will be listed on the BSE SME platform on September 11, 2025.
Issue Management & Proceeds
The issue is being managed by GYR Capital Advisors Private Limited as the Book Running Lead Manager, with KFIN Technologies Limited acting as Registrar. Market making will be handled by Wiinance Financial Services Private Limited and SKI Capital Services Limited. The proceeds will be used primarily for working capital requirements and general corporate purposes.
Investor Details & Allotment
The basis of allotment will be finalized on September 9, 2025, with shares credited to demat accounts on September 10, 2025. Allocation will be divided as follows: 50% for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for Non-Institutional Investors (NIIs). Retail investors can apply for a minimum lot size of 4,000 shares (2 lots), requiring Rs 2.20 lakh at the upper price band, while HNIs must apply for at least 6,000 shares (3 lots), amounting to Rs 3.30 lakh.
Business & Key Strengths
Austere Systems offers services including SaaS, mobile app development, e-commerce platforms, ERP, MIS, data analytics, AI services, and digital transformation solutions. With 80+ clients across 7 countries, the company has delivered 100+ projects and developed 12 in-house products. Led by promoters with over 20 years of IT expertise, the company holds multiple global quality certifications including ISO 9001, ISO 27001, ISO/IEC 20000-1, and CMMI Level 3, and has also executed projects for several state governments in India.
