
Information Technology · BSE
Incorporated in 2013, Austere Systems Limited (ASL) is a software development company that provides a wide range of IT services and solutions for startups and enterprises. Its expertise spans software development, SaaS, mobile applications, IT solutions, database management, training, e-commerce, ERP, AI services, process automation, digital transformation, and data and document management. In addition to developing its own solutions, the company also engages in software reselling, business process outsourcing, and IT consulting, serving both global and Indian clients with a particular focus on underserved rural markets across the country, catering to private as well as government sectors. The company’s services include mobile application development for iOS, Android, HTML5, and hybrid platforms, offering scalable and efficient business solutions. It also delivers customized web application development using modern technologies to strengthen online presence and communication. Through IT staff augmentation, ASL provides permanent, temporary, and contract staffing solutions to streamline recruitment processes. Its digital marketing services cover SEO, SEM, content writing, PPC, and social media marketing to improve client visibility online. Additionally, the company offers managed services support, including IT infrastructure monitoring, service desk solutions, and unified communications, ensuring seamless business operations. As of August 31, 2024, Austere Systems Limited employs 119 professionals, including senior executives, engineers, developers, and administrative staff.
Price Band
₹52 – ₹55
Issue Size
₹15.57 Cr
Lot Size
2000 shares
GMP
+58.2%
Est. Listing
₹87
at current GMP
Subscribed
1077.12x
overall
Open
3 Sep 2025
Close
9 Sep 2025
Allotment
10 Sep 2025
Refund
11 Sep 2025
Demat Credit
12 Sep 2025
Listing
12 Sep 2025
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹55
Band: ₹52 – ₹55
Estimated Listing Price
₹87
Upper price + GMP
Lot Size
2000 shares
Min investment ₹1,10,000
Estimated Profit / Lot
₹64,000
2000 × ₹32
Grey Market Premium trend
+₹32
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹32 | 58.2% | ₹87 |
| 30 Oct 2026 | +₹32 | 58.2% | ₹87 |
| 29 Oct 2026 | +₹29 | 52.4% | ₹84 |
GMP is unofficial market data. Not a guarantee of listing performance.
Austere Systems Limited is bringing an initial public offering (IPO) in the Information Technology sector with an aggregate issue size of ₹15.57 Crores. The shares are offered at a price band of ₹52 to ₹55 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-09-09, the basis of allotment is scheduled to be finalized on 2025-09-10. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
The latest grey market premium for Austere Systems Limited IPO is ₹32, which indicates an expected listing price of ₹87.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.