After 1000x subscription, check Austere Systems IPO allotment and GMP
Austere Systems’ Rs 16-crore IPO, which closed on September 9, saw a massive subscription of over 1,000 times. The SME issue attracted strong demand across retail and non-institutional categories, making allotment chances slim for small investors. The allotment has been finalised on September 10, with refunds and demat credit scheduled for September 11. Shares are…