IPO Schedule
1
Open
3 Sept
2
Close
9 Sept
3
Allotment
10 Sept
4
Listing
12 Sept
Austere Systems Ltd IPO
Issue:₹55
List:₹75.55
CMP:₹51
NSELot: 2000IT - Software
LISTEDSME
Issue Price₹55
Listing₹75.55
Current₹51
Content
About Austere Systems Ltd
Austere Systems Ltd is an SME focused on providing IT solutions and services. The company likely caters to specific niche markets or offers specialized services within the IT sector, given its SME classification.
Subscription Status
QIB
3.52x
NII
6.21x
Retail
9.40x
| Category | Day 5 | Day 4 | Day 3 | Day 2 | Day 1 |
|---|---|---|---|---|---|
| QIB | 236.50x | 6.54x | 5.62x | 3.52x | 3.52x |
| NII | 2149.19x | 405.07x | 88.77x | 35.86x | 6.21x |
| Retail | 1090.81x | 369.09x | 94.11x | 41.16x | 9.40x |
| Total | 1076.99x | 273.94x | 67.83x | 29.33x | 7.04x |
Risk Factors
•SME status implies vulnerability to economic downturns and competition from larger, more established players.
•Limited track record and brand recognition compared to larger IT companies.
•Dependence on key clients or specific industries could pose a risk if those relationships or sectors decline.
Promoters & Management
The key members of the management team at Austere Systems Limited include: Mr. Shikhir Gupta: Chairman and Managing Director, providing overall guidance and visionary leadership. Mr. Rahul Gajanan Teni: Director, heading the Technical department and operations, and overseeing product development. Mr. Piyush Gupta: CFO and Director, responsible for the financial division of the company. Ms. Shampa Juneja: Company Secretary and Compliance Officer, responsible for corporate governance and secretarial compliance. Prathamesh Erande: Project Lead - Development, overseeing project execution. Sachin Jogdanad: Project Lead - Development, leading the team and handling tasks. Amaey Pradeep Imander: Senior Executive Development, overseeing senior executive development. Govind Sharma: Senior Business Analyst, responsible for business analysis. Vani Garg: Project Lead - Development, responsible for project development. Jagriti: Senior Business Development Manager, responsible for business development.