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  5. Austere Systems IPO subscribed over 922 times so far on day 5: Check allotment steps online and more

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Austere Systems IPO subscribed over 922 times so far on day 5: Check allotment steps online and more

Kamal Joshi
By Kamal Joshi

3 min read | Updated on September 09, 2025, 15:16 IST

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SUMMARY

Austere Systems IPO: The initial share sale is a completely fresh issuance of 28.30 lakh equity shares aggregating to ₹15.57 crore. There is no offer for sale component.

Austere Systems Limited is a software development firm. | Image: austeresystems.com

Austere Systems Limited is a software development firm. | Image: austeresystems.com

Austere Systems IPO: The initial public offering of software development company Austere Systems Ltd will close for bidding on Tuesday, September 9. After the subscription window closes, share allotment will take place, followed by listing on the BSE SME platform.

The initial share sale is completely a fresh issue of 28.30 lakh equity shares aggregating to ₹15.57 crore. There is no offer for sale component.

The money generated will be utilised for funding working capital needs and corporate general purposes.

It has a price band of ₹52 to ₹55 per share, and a lot consists of 4,000 shares.

Austere Systems IPO day 5: Subscription details

As of 3:12 pm on September 9, the issue has been booked a whopping 922.09 times, with bids for 1,87,18,50,000 shares compared to 20,30,000 shares reserved, according to the BSE data.

The category set aside for individual investors attracted 991.45 times subscription, as they applied for 93,59,32,000 shares as against 9,44,000 shares on offer.

The part for non-institutional investors (NIIs) was booked 1,485.67 times, with bids for 81,71,16,000 shares compared to 5,50,000 shares reserved.

The qualified institutional buyers, or QIBs, portion witnessed 221.65 times subscription, with applications for 11,88,02,000 shares as against 5,36,000 shares on offer.

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Austere Systems is engaged in providing various services, including software development, data analytics and AI services, mobile application development, Software as a Service (SaaS), and process automation.

Austere Systems IPO allotment date

The basis of allotment of Austere Systems Ltd is likely to be finalised on Wednesday, September 10, 2025.

How to check Austere Systems IPO allotment status on BSE

  • Head to the IPO allotment status page of BSE: https://bseindia.com/investors/appli_check.aspx
  • Keep ‘Equity’ as the issue type
  • Pick 'Austere Systems Ltd' from the ‘Issue Name’ dropdown list
  • Identify yourself using IPO application number or PAN
  • Press the ‘Search’ button

Steps to check Austere Systems IPO allotment status on KFin Technologies

  • Visit the registrar's official portal: https://ipostatus.kfintech.com/
  • Select 'Austere Systems Ltd' from IPO names
  • Enter IPO application number, PAN or Demat account number
  • Complete the Captcha verification and click on the 'Submit' button

Austere Systems IPO GMP

According to investorgain.com and media reports, the unlisted shares of Austere Systems are trading at ₹83 per share, reflecting a grey market premium, or GMP, of 50.91% over the upper price band of ₹55.
Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.