Top News

The IPO of Austere Systems Limited Opened on 3 September and closed on 9 September. The enthusiasm of the investors was so tremendous that this issue was subscribed to 1077 times in total. The retail category recorded 1090 times, non-institutional (NII) category 2149 times in the category and 236 times in QIB category. Such a huge demand made it clear how strong the trust of investors in this small SME IPO is.

IPO shines in gray market, listing gains expected

Gray Market (GMP) has seen a tremendous premium regarding this IPO. According to sources, Austere Systems IPO Gmp is running around ₹ 32, which is about 58% more than the upper price band of the issue. This means that the listing price of IPO can be around ₹ 87. That is, investors are likely to get strong listing gains.

The price band of this issue was kept ₹ 52-55. The company has raised Rs 15.57 crore by issuing a total of 28 lakh new shares. This is a book-bed issue, and the raised capital will be used by the company to meet the needs of working capital and for corporate purposes.

How to check allotment status?

The allotment of the IPO will be finalized till late tonight. Investors can easily check allotment by visiting the website of Caffeine Technologies Limited. Its steps are like this:

• Go to the KFINTECH IPO Status website and click on one of the 5 links given.
• Choose Austere Systems IPO in the dropdown menu.
• Enter your PAN number / application number / demeat details.
• Fill the captcha and click on submit. After this, the allotment status will be seen on the screen.

Company business model

Austere Systems Limited (ASL) is an IT and software development company that serves from startups to big companies. Its functioning includes:

• Software Development & SAAS Solutions
• Mobile application and e-commerce platforms
• ERP System and Database Management
• Artificial Intelligence (AI) and Process Automation
• Digital Transformation and Document Management

ASL not only gives software development, but also gives software resailing, BPO services and IT consulting. The company especially focuses on rural and egg markets, where it serves both government and private sector.

financial performance

In the financial year 2025, the company’s revenue increased slight to ₹ 18.86 crore, while the Profit after tax (PAT) decreased to ₹ 4.01 crore. That is, the annual revenue increased by about 1% and a decline of 3% in profit.

Message to investors

The IPO of Austere Systems IPO has been one of the most talked about in SME ISUS till date. Subscription data shows that the trust of investors is tremendous. The gray market premium is indicating that the share can make a great start on the listing day. Now the eyes are on 11 September 2025, when it will be listed on the IPO BSE SME platform.