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Austere Systems SME IPO Details 2026 Date, Price, GMP & Review

IPO Lot Size

Minimum bid: 4,000 shares · Multiples of 2,000 shares

Lots

About Company

Sector - Computers - Software & Consulting

Incorporated2015

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.

Austere Systems IPO Objectives

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

#	Issue Objects	Est Amt (₹ Cr.)
1	Funding the working capital requirements of the company	11.60
2	General Corporate Purposes	2.40

Financial Highlights (Restated Consolidated)

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	18.63	12.23	8.60
Total Income	18.86	18.66	15.40
Profit After Tax	4.01	4.15	1.77
EBITDA	6.05	6.28	2.88
NET Worth	16.27	9.00	4.85
Reserves and Surplus	8.62	8.99	4.84
Total Borrowing	0.48	0.44	0.79
Amount in ₹ Crore

Key Performance Indicators

KPI	Mar 31, 2025
ROE	31.76%
ROCE	33.12%
Debt / Equity	0.03%
RoNW	24.66%
PAT Margin	21.55%
EBITDA Margin	32.06%
Price to Book Value	2.58

Metric	Pre IPO	Post IPO
EPS (₹)	5.25	3.83
P/E (x)	10.48	14.36
Promoter Holding	91.67%	68.66%
Market Cap	₹57.63 Cr.

Rahul Gajanan Teni, Piyush Gupta and Shikhir Gupta

Disclaimer

Equity Dilution = Share Holding Pre Issue − Share Holding Post Issue
Pre IPO EPS is based on pre-issue shareholding as on date of RHP and the latest FY earnings as of 2025-03-31.
Post Issue EPS is based on post-issue shareholding and annualised FY earnings of 2025-03-31.

Austere Systems Peer Comparison

From DRHP / RHP

3i Infotech

Financial Statements - Consolidated

EPS Basic 1.5

EPS Diluted 1.49

NAV 18.09

P/E (x) 15.23

RoNW 8.26%

Onward Technologies

Financial Statements - Consolidated

EPS Basic 11.97

EPS Diluted 11.81

NAV 10

P/E (x) 27.83

RoNW 12.07%

Infobeans Technologies

Financial Statements - Consolidated

EPS Basic 15.59

EPS Diluted 15.51

NAV 136.33

P/E (x) 43.53

RoNW 11.43%

Moschip Technologies

Financial Statements - Consolidated

EPS Basic 1.76

EPS Diluted 1.7

NAV 17.19

P/E (x) 99.53

RoNW 10.2%

ASM Technologies

Financial Statements - Consolidated

EPS Basic 21.13

EPS Diluted 21.13

NAV 1.39

P/E (x) 167.41

RoNW 15.18%

Austere SystemsSubject IPO

Financial Statements - Consolidated

EPS Basic 5.35

EPS Diluted 5.35

NAV 21.28

RoNW 24.66%

IPO Listing At	BSE SME
SME IPO Issue Type	Book Build Issue
Total Issue Size	₹15.57 Cr
Reserved for Market Maker	₹0.78 Cr
Net Issue Size	₹15.57 Cr
Fresh Issue	₹14.78 Cr
Face Value	₹10 Per Equity Share
Price Band	₹52.00-55.00 per share
BSE Code	544505
Registrar	Kfin Technologies Ltd.
Lead Managers	GYR Capital Advisors Pvt.Ltd.

Allotment Status
DRHP
RHP
Final Prospectus
Anchor List

Austere Systems SME IPO Details 2026