Austere Systems Ltd - IPO

Austere Systems Ltd IPO Details

Initial public offer of up to 28,30,000 equity shares of face value Rs. 10 each (the equity shares) of Austere Systems Limited (the company or the issuer) for cash at an issue price of Rs. 55 per equity share (including securities premium of Rs. 45 per equity share) (issue price), aggregating up to Rs. 15.57 crores (the issue) of which 1,42,000 equity shares aggregating to Rs. 0.78 crores will be reserved for subscription by market maker (market maker reservation portion). the issue less the market maker reservation portion i.e. issue of [*] equity shares of face value of Rs. 10 each at an issue price of Rs. [*] per equity share aggregating upto Rs. [*] crores is hereinafter referred to as the net issue. the issue and the net issue will constitute 27.01 % and 25.65 % respectively of the post-issue paid-up equity share capital of the company.

Objective of issue

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Austere Systems Ltd Contact Details

Austere Systems Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - compliance@austere.co.in

Website - www.austeresystems.com