Austere Systems SME IPO Maintains Strong Momentum on Day 2, Oversubscribed by 15.86 Times

Mumbai, September 4, 2025 – The Austere Systems SME IPO continued to attract heavy investor interest for the second consecutive day. By 01:00 PM on Thursday, the issue was oversubscribed by 15.86 times, with increased interest by retail investors and non-institutional investors also amplifying their participation.

The issue (total ₹15 crore) is open from 03 September to 08 September and is offered in a price band of ₹52-55 per share with a lot size of 2000 shares, with the listing set on 11 September 2025.

Established in 2015, Austere Systems Limited provides IT and digital transformation services, including software development, SaaS, AI-driven analytics, ERP and MIS systems, process automation, and IT-enabled services. The firm has a strong presence in government contracts and is steadily expanding its global footprint.

Category-Wise Subscription Details Show Overall Demand of 15.86 Times

The IPO witnessed robust demand across categories, achieving an overall subscription of 15.86 times with 6,185 applications. Qualified Institutional Buyers subscribed 3.52 times, while Non-Institutional Investors showed strong interest at 13.64 times, led by small NIIs (17.72 times). Retail participation was exceptional, with individual investors bidding 23.83 times their reserved portion.

Anchor and Market Maker categories were fully subscribed. In total, against 18.88 lakh shares offered, nearly 2.99 crore shares were bid for, amounting to ₹164.71 crore.

Anchor Investment Details Reveal ₹4.40 Crore Committed by Top Funds

On September 2, 2025, the company allotted 8,00,000 shares at ₹55 each to anchor investors, raising ₹4.40 crore. Notable participants included Aarth AIF Growth Fund, Beacon Stone Capital, Finavenue Growth Fund, and Rajasthan Global Securities.

IPO Proceeds Mainly Allocated to ₹11.60 Crore Working Capital for Expansion

The company has intended to use the proceeds primarily for working capital requirements (₹11.60 crore, around 75% of the total IPO proceeds). The remaining amount will be used for general corporate purposes.

Aus͏tere ͏Systems SME I͏PO’s͏ oversubscription of 15.86× highlights stron͏g demand across retail, non-institutional, and institutio͏n͏a͏l cat͏e͏gorie͏s. Anchor͏ investors c͏o͏ntr͏ibu͏ted ₹͏4.40 ͏cro͏re, wh͏ile most ͏proceeds are directed͏ ͏to working ͏ca͏pital. ͏The͏ company͏ continu͏es ͏e͏xpanding͏ its IT ͏and͏ digit͏al services͏ ͏of͏ferings, maintai͏ning govern͏ment contracts, and ste͏adily increasing its operatio͏nal footprint bo͏th͏ domestically and internationa͏lly.

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