AUSTERE • ISIN: INE104201012
Incorporated in 2013, Austere Systems Limited (ASL) is a software development company specializing in IT services and solutions for startups and enterprises.
The company specializes in software development, SaaS, mobile apps, IT solutions, database management, training, e-commerce, ERP, AI services, process automation, digital transformation, and data/document management.
The company resells software, offers business process outsourcing, IT consulting, and serves global and Indian clients, focusing on underserved rural markets in India, including both private and government sectors.
Services:
Mobile Application Development: The company develops iOS, Android, HTML5, and hybrid apps, offering scalable and efficient mobile solutions for businesses.
Web Application Development: The company provides custom web solutions using modern technologies to enhance businesses' online presence and communication.
IT Staff Augmentation: The company offers staffing solutions, including permanent, temporary, and contract positions, optimizing recruitment processes for businesses.
Digital Marketing: The company specializes in SEO, SEM, content writing, PPC, and social media marketing to enhance online visibility.
Managed Services Support: The company offers IT infrastructure monitoring, service desk support, and unified communications, ensuring smooth business operations.
As of July 31, 2025, the company has 123 employees, including senior executives, engineers, developers and administrative staff.
Competitive Strengths:
Global and Domestic Client base from different set of industries thereby mitigating the risk of customer concentration.
The Company ensures businesses stay competitive by rapidly adapting to and leveraging the latest technological advancements.
Experienced Promoter and Strong Management
Comprehensive Service and In-House Product Portfolio
Empowering State Governments in urban/rural areas with innovative in-house products, unlocking the potential of untapped rural markets.
Funding the working capital requirements of the company
General Corporate Purposes
Price Band
Min Investment
Lot Size
P/E Ratio
Issue Opens
3 Sept 2025
Issue Closes
9 Sept 2025
Allotment
10 Sept 2025
Listing
12 Sept 2025
Qualified Institutional Investors
126,762,000 / 1,336,000 shares
High Networth Individuals (Above ₹10 Lakhs)
687,104,000 / 272,000 shares
Non-Institutional Investors (Below ₹10 Lakhs)
189,908,000 / 136,000 shares
Retail Individual Investors
1,029,836,000 / 944,000 shares
Issue Type | BB |
Face Value | ₹10 |
Lead Managers | GYR Capital Advisors Pvt.Ltd. |
Min Quantity | 4,000 |
Max Quantity | 9,090 |
Company Promoters | Mr. Rahul Gajanan Teni Mr. Piyush Gupta Mr. Shikhir Gupta |
Website | |
Phone | +91 97738 23372 |
Address | Austere Systems Ltd. |