BSE SME IPO of Austere Systems subscribed 6.55 times

The initial public offer (IPO) of Austere Systems received bids for 1,32,92,000 shares as against 20,30,000 shares on offer, as per BSE data as of 17:00 hours on Wednesday (03 September 2025). The issue was subscribed 6.55 times. The issue opened for bidding on Wednesday (03 September 2025) and it will close on Monday (08 September 2025). The price band of the IPO is fixed between Rs 52 to Rs 55 per share. The minimum order quantity is 2,000 equity shares. The equity shares will list on BSE’s SME platform. The IPO comprises fresh issue of 28,30,000 equity shares. About 1,42,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 26,88,000 equity shares. The company intends to utilize the net proceeds to meet its working capital requirements and general corporate purposes. Ahead of the IPO, Austere Systems on Tuesday, 02 August 2025, raised Rs 4.40 crore from anchor investors. The board allotted 8 lakh shares at Rs 55 each to 4 anchor investors. Austere Systems is specialized in a wide range of services, including software development, Software as a Service (SaaS), mobile application development, information technology solutions, database management, IT-enabled services, training and development, web development, web and portal operations, e-commerce platforms, ERP and MIS solutions, data analytics and AI services, process automation, digital transformation, as well as data and document management and storage. The company also engaged in reselling software products and provides business process outsourcing and knowledge management solutions, alongside IT consulting and advisory services. As of 31 July 2025, the company had 123 employees. The company recorded revenue from operations of Rs 18.62 crore and net profit of Rs 4.01 crore for the period ended 31 March 2025.