Source: Money Mint Idea
New Delhi, September 3, 2025 – Austere Systems Ltd, a Pune-based IT services firm, is experiencing robust demand for its initial public offering (IPO). The IPO opened on September 3, and will close on September 8, and the price band is ₹52 to ₹55 per share.
On Day 1, the IPO was subscribed 7.04 times, mostly by retail investors. As of the end of Day 2, the overall subscription level of the IPO stands at 8.28 times, reflecting strong demand by both retail and institutional investors.
Subscription Status
- Retail investors: 9.40× subscribed
- Non-Institutional Investors (NIIs): 6.21×
- Qualified Institutional Buyers (QIBs): 3.52×
IPO Summary
Issue Size: Fresh issue of 28.3 lakh shares
Face Value: ₹10 per share
Lot size: Minimum 2000 shares (₹1.10 lakh at the upper band price)
Anchor Investment: On September 2, anchor investors bought 8 lakh shares worth ₹4.40 crore
Allocation: QIBs – 47.2%, NIIs – 14.4%, Retail – 33.4%
Use of Proceeds: Approximately ₹11.6 crore for working capital and the remainder for general corporate purposes
Lead Manager: GYR Capital Advisors
Registrar: KFin Technologies
Grey Market Premiums (GMP)
The GMP for Austere Systems IPO is +₹17, in the grey market according to Investorgain.com. A GMP of ₹17 indicates that the shares were trading at a `premium’ of ₹17 in the grey or unofficial market. If this trend remains constant, the stock could list at around ₹72 per share which is around a 31% premium to the IPO price of ₹55.
About The Organization
Austere Systems is an information technology services provider and software product vendor for startups, major enterprises, and government agencies. Their service offerings include software development, SaaS, ERP, mobile and web applications, artificial intelligence, process automation, digital transformation and database management.
The company also provides software resale, business process outsourcing, information technology (IT) consulting, and knowledge management services. It also partners with state governments and gram panchayats to deliver IT solutions to rural and semi-urban geographies. Austere Systems is also an AWS public sector partner that provides cloud services too.
What’s Next
IPO closes: September 8
Allotment: Expected on September 9–10
Listing date: Tentatively September 11 on the BSE SME platform
With strong subscription numbers and a positive grey market premium, Austere Systems IPO is expected to list at a healthy gain if demand continues through the final bidding days.
