How to Check Austere Systems IPO Allotment Status?

Austere Systems Limited is a software development company specializing in IT services and solutions for startups and enterprises, incorporated in 2013. The company operates with 123 employees as of July 31, 2025, including senior executives, engineers, developers and administrative staff, providing comprehensive services including mobile application development for iOS, Android, HTML5, and hybrid apps, web application development using modern technologies, IT staff augmentation with permanent and contract positions, digital marketing specializing in SEO, SEM, content writing, PPC, and social media marketing, and managed services support covering IT infrastructure monitoring, service desk support, and unified communications while serving global and Indian clients with focus on underserved rural markets.

The Austere Systems IPO came with a total issue size of ₹15.57 crore, comprising entirely a fresh issue of 0.28 crore shares aggregating to ₹15.57 crore. The IPO opened on September 3, 2025, and closed on September 9, 2025. The allotment for the Austere Systems IPO is expected to be finalized on Wednesday, September 10, 2025. The Austere Systems IPO share price band was set at ₹52 to ₹55 per share.
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Steps to Check Austere Systems IPO Allotment Status on Registrar Site

• Visit the Kfin Technologies Ltd. website
• Select "Austere Systems" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Austere Systems IPO Allotment Status on BSE

• Navigate to the BSE SME IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Austere Systems" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Austere Systems IPO Subscription Status

Austere Systems IPO received phenomenal investor interest, being subscribed 273.94 times overall. The subscription showed extraordinary confidence across categories in the Austere Systems IPO stock price potential. Here is a category-wise breakdown of the subscription as of 5:04:34 PM on September 8, 2025:

• Non-Institutional Investors (NII): 405.07 times.
• QIB Category: 6.54 times.

Austere Systems Share Price and Investment Details

The Austere Systems IPO stock price band was set at ₹52 to ₹55 per share with a minimum lot size of 2,000 shares. The minimum investment required for individual investors was ₹2,20,000 for 2 lots (4,000 shares). The issue included up to 8,00,000 shares allocated to anchor investors raising ₹4.40 crore. Given the phenomenal subscription response of 273.94 times overall, with QIB category showing moderate response at 6.54 times and individual investors demonstrating extraordinary response at 369.09 times, the Austere Systems IPO share price is expected to list with exceptional to phenomenal premium.

Utilisation of IPO Proceeds

The IPO is a complete offer for sale. Hence, the company will not receive any proceeds. The objective of the issue is to:

• Funding the working capital requirements of the company: ₹11.60 crore.
• General corporate purposes: Remaining amount.

Business Overview

Austere Systems Limited is a comprehensive software development company providing global and domestic client base from different industries thereby mitigating customer concentration risk, ensuring businesses stay competitive by rapidly adapting to and leveraging latest technological advancements through experienced promoter and strong management with comprehensive service and in-house product portfolio.

The company empowers state governments in urban and rural areas with innovative in-house products unlocking potential of untapped rural markets while operating in highly competitive and fragmented IT solutions segment, specializing in software development, SaaS, mobile apps, IT solutions, database management, training, e-commerce, ERP, AI services, process automation, digital transformation, and data/document management while offering business process outsourcing, IT consulting, and software reselling services across private and government sectors with focus on enhancing online presence, optimizing recruitment processes, and ensuring smooth business operations through modern technology solutions.