Mumbai, Sept. 12 -- The scrip was listed at Rs 75.55, a premium of 37.36% compared with the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 79.32 and a low of Rs 71.78. About 15.52 lakh shares of the company changed hands at the counter.

Austere Systems' IPO was subscribed 1,001.78 times. The issue opened for bidding on 3 September 2025 and it closed on 8 September 2025. The price band of the IPO was fixed between Rs 52 to Rs 55 per share.

The IPO comprised fresh issue of 28,30,000 equity shares. The company intends to utilize the net proceeds to meet its working capital requirements and general corporate purposes.

Ahead of the IPO, Austere S...