Austere Systems IPO: Pune based IT service company Austere Systems is getting ready to launch its IPO next week. The company will open the issue for public on September 3 and will close it on September 8. The price band is kept at ₹52 to ₹55 per share. After the issue ends, the allotment of shares will be finalised on September 9. If everything goes on time, the stock will make its debut on BSE SME on September 11.
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Austere Systems started back in 2015 by two founders, Shikhir Gupta and Rahul Teni. Now with this IPO the company is planning to collect ₹15.56 crore. The issue will bring 28.3 lakh fresh shares in the market. From the whole issue, half is kept for qualified institutional buyers, 35% is for retail investors and 15% will go to non-institutional investors. The company said it will spend ₹11.6 crore out of the money for working capital and the remaining amount for general corporate work, reported IPO watch.
The firm is competing with already listed tech players like ASM Technologies, Moschip, Infobeans, Onward and 3i Infotech. The merchant banker for the issue is GYR Capital Advisors.
The Austere Systems IPO minimum market lot is 4,000shares with ₹2,20,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 4,000 | ₹2,20,000 |
| Retail Maximum | 2 | 4,000 | ₹2,20,000 |
| S-HNI Minimum | 3 | 6,000 | ₹3,30,000 |
| S-HNI Maximum | 9 | 18,000 | ₹9,90,000 |
| B-HNI Minimum | 10 | 20,000 | ₹11,00,000 |
When it comes to numbers, the company performance has not looked very strong in the recent year. For the year ending March 2025, Austere Systems reported a net profit of ₹4.01 crore, which is almost 3.2% less compared to the last year. Revenue for the same period touched ₹18.62 crore, which is hardly up from ₹18.56 crore in previous year.
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The company reported revenue of ₹18.66 crores in 2024 against ₹15.39 crore in 2023. The company reported profit of ₹3.78 crores in 2024 against profit of ₹1.81 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹12.30 | ₹11.36 | ₹0.76 | ₹- |
| 2023 | ₹15.36 | ₹12.97 | ₹1.81 | ₹8.60 |
| 2024 | ₹18.57 | ₹13.61 | ₹3.78 | ₹12.23 |
| IPO Open Date: | September 3, 2025 |
| IPO Close Date: | September 8, 2025 |
| Basis of Allotment: | September 9, 2025 |
| Refunds: | September 10 2025 |
| Credit to Demat Account: | September 10, 2025 |
| IPO Listing Date: | September 11, 2025 |
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