austere systems limited

austere systems limited

AUSTERE • ISIN: INE104201012

BSE
SME

Listing Price: ₹75.55

+37.36% Gain
About Company

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.

Investment Objective

Funding the working capital requirements of the company

General Corporate Purposes

₹52 to ₹55 per share

Price Band

1.10 L

Min Investment

2000 shares

Lot Size

14.36x

P/E Ratio

Important Dates

Issue Opens

3 Sept 2025

Issue Closes

9 Sept 2025

Allotment

10 Sept 2025

Listing

12 Sept 2025

Subscription Status
QII

Qualified Institutional Investors

94.88x

126,762,000 / 1,336,000 shares

HNI (>₹10L)

High Networth Individuals (Above ₹10 Lakhs)

1000.00x

687,104,000 / 272,000 shares

NII (<₹10L)

Non-Institutional Investors (Below ₹10 Lakhs)

1000.00x

189,908,000 / 136,000 shares

Retail

Retail Individual Investors

1000.00x

1,029,836,000 / 944,000 shares

Financial Performance
Offer Documents
RHP
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DHRP
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Issue Details
Issue TypeBB
Face Value₹10
Lead ManagersGYR Capital Advisors Pvt.Ltd.
Min Quantity4,000
Max Quantity9,090
Company Promoters
Mr. Rahul Gajanan Teni
Mr. Piyush Gupta
Mr. Shikhir Gupta
Website

https://www.austeresystems.com/

Email

compliance@austere.co.in

Phone+91 97738 23372
Address

Austere Systems Ltd.
Office 301-303,
A Square, Plot No. 34 ADC,
Sector 26, Pradhikaran,
Pune, Maharashtra, 411044