Austere Systems IPO: Price, GMP, Analysis, And Details

Austere Systems IPO- Company Analysis

Austere Systems IPO under the SME IPO category is a bookbuilding issue of Rs. 15.57 Cr by Austere Systems Ltd, which was incorporated in 2013 and is a Software development company that focuses on providing IT services and solutions to businesses and startups.

Database management, training, e-commerce, ERP, AI services, process automation, digital transformation, software development, SaaS, mobile apps, IT solutions, and data/document management are among the company's areas of expertise.

The business focuses on underserved rural markets in India, covering both the commercial and public sectors, and resells software in addition to providing business process outsourcing and IT consulting to clients worldwide and in India.

 

Services:

• Web application development

• Mobile application development

• Digital Marketing

• IT staff augmentation

• Managed services support.
  
  

Austere Systems IPO Details

The Austere Systems IPO date is on 03 September 2025, and its initial public offering will end on 08 Sep with IPO allotment on Sep 09, and refund initiation on Sep 09, 2025.

The Rs. 15.57 crore new SME IPO comprises a wholly fresh issue of 0.28 crore Shares.

The Austere Systems IPO listing date (expected) might be on Thursday, Sep 11, 2025, and listing at the BSE and SME. 

The Austere Systems IPO price band is Rs. 52 to Rs. 55.

IPO Timetable (Tentative) 

Events	Date
IPO Opening Date	Sep 03, 2025
IPO Closing Date	Sep 08, 2025
IPO Allotment Date	Sep 09, 2025
Refund Initiation	Sep 09, 2025
IPO Listing Date	Sep 11, 2025

 

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Company Financials

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	18.63	12.23	8.60
Total Revenue	18.86	18.66	15.40
PAT	4.01	4.15	1.77
EBITDA	6.05	6.28	2.88
Net Worth	16.27	9	4.85
Reserves & Surplus	8.62	8.99	4.84
Borrowings	0.48	0.44	0.79

 

 

Cash Flows

(Amount in hundreds)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	51,114.14	2,72,830.38	(599.26)
Net Cash Flow Investing Activities	23,799.43	(13,117.03)	(1,08,593.15)
Net Cash Flow Financing Activities	3,26,322.83	(42,668.19)	76,576.35

Revenue Bifurcation

Service-wise Revenue Breakdown

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Financing the company's working capital needs. ~ Rs. 11.60 Cr.

• General Corporate Purposes. 

 

Listed Peers of Austere Systems Ltd.

Company Name	Face Value (Rs. per Share)	EPS (Rs.)	P/E (x)
ASM Technologies	10	21.13	167.41
Moschip Technologies Ltd.	2	1.76	99.53
Infobeans Technologies Limited	10	15.59	43.53
Onward Technologies Ltd.	10	11.97	27.83
3i Infotech	10	1.50	15.23

 

Valuation

Metric	Value
ROE	31.76%
ROCE	33.12%
RoNW	24.66%
PAT Margin	21.55%
Price to Book Value	2.58
EBITDA Margin	32.06%
Debt/Equity	0.03

 

Evaluation of P/E Ratio

Considering the FY ended on 31 Mar 2025 with an EPS of Rs. 5.35 from the last year, the resulting P/E ratio is 10.28x. When compared with the industry’s average P/E of 70.71x, it indicates an undervaluation (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors.

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IPO's Strengths 

• A domestic and international clientele from a variety of industries, reducing the possibility of client concentration.

• By quickly embracing and utilizing the most recent technology developments, the company ensures that firms maintain their competitiveness.

• Proficient marketer and robust administration.

• A wide range of in-house products and services.

• Supplying state governments in both urban and rural regions with cutting-edge domestic goods to help them realize the promise of unexplored rural markets.

 

 

IPO’s Weaknesses 

• Reliance on export markets, particularly in the US, UK, and other nations.

• More IT workers must be accommodated so they can take on more tasks.

• Rising labor expenses.

• A rise in employee turnover.

• Fierce rivalry.

 

Austere Systems IPO GMP (Grey Market Premium)

Austere Systems IPO GMP today is Rs. 10, as of 27 Aug 2025 at the time of writing this information. Hence, the Austere Systems IPO listing price (estimated) might be Rs. 65 (upper price + current GMP or grey market premium).

Austere Systems IPO Summary

The Austere IPO has a market maker portion size of 1,42,000 Shares (Rs. 0.78 Cr).

IPO Opening & Closing Date	03 Sep, 2025 to 08 Sep, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 52 to Rs. 55 per Share.
Lot Size	2000 Shares
Issue Size	28,30,000 Shares (Rs. 15.57 Cr)
Offer for Sale	-
Fresh Issue	28,30,000 Shares (Rs. 15.57 Cr)
Listing at	BSE, SME
Issue Type	Bookbuilding IPO
Registrar	Kfin Technologies Ltd.

 

 

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (4000 Shares) for Rs. 2,20,000 and in multiples thereof, while for S-HNI investors, the minimum Lot is 3 (6000 Shares) for Rs. 3,30,000.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

Austere Systems IPO Allotment Status

To check the Austere Systems IPO Allotment Status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

 

Promoters And Management of Austere Systems Ltd.

• Mr. Rahul Gajanan Teni

• Mr. Piyush Gupta

• Mr. Shikhir Gupta.

Pre-Issue Promoter Shareholding	91.67%
Post-Issue Promoter Shareholding	-

 

IPO Lead Managers

• GYR Capital Advisors Pvt. Ltd. 

 

 

Dividend Policy

The company has no formal dividend policy.

 

Conclusion

Investors can learn more about Austere Systems IPO, from a rapidly expanding IT services company with solid financials and a focus on digital transformation. The IPO appears to be well priced, supported by strong margins, minimal debt, and presence in both urban and rural markets. There is potential for improvement given the P/E ratio of 10.28x relative to the industry average.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.