Augmont Enterprises IPO

About Augmont Enterprises IPO

The Augmont Enterprises IPO, a mainboard IPO, opens on Friday, August 21, 2026 and closes on Tuesday, August 25, 2026. The allotment of shares will take place on Wednesday, August 26, 2026. The credit of shares to the demat account will take place on Friday, August 28, 2026. The initiation of refunds will take place on Thursday, August 27, 2026. The listing of shares will take place on Monday, August 31, 2026.

The equity shares offered through the IPO are proposed to be listed on the BSE and the NSE.

The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include 78,68,020 shares aggregating up to ₹620 crore. The offer for sale portion includes 26,01,521 shares of ₹5 face value aggregating up to ₹205 crore. The total number of shares and aggregate amount are 1,04,69,541 shares aggregating up to ₹825 crore.

Augmont Enterprises IPO's price band is set at ₹750 to ₹788 per share. The lot size for an application is 19. The minimum amount of investment required by a retail investor is ₹14,972 (19 shares) based on the upper price band.

Augmont Enterprises Limited is an integrated gold and silver platform in India serving both businesses and consumers, with a presence across 24 states as of March 31, 2026. Its operations span procurement and refining, bullion trading, digital gold offerings, jewellery manufacturing, international sales, and the facilitation of gold-backed financial services.

Objectives of Augmont Enterprises IPO

• Funding future working capital requirements towards procurement, maintenance, and scaling up of inventory and funding advance margin requirements for procurement of inventory by the company
  
• General corporate purposes.
  

Industry Outlook

India remains one of the world’s largest gold consumers. India’s gold demand rose 5% to 803 tonnes in 2024 from 761 tonnes in 2023, before easing to 711 tonnes in 2025 as prices climbed sharply. Gold imports into India stood at US$ 69 billion in Fiscal 2026, up from US$ 53.52 billion in Fiscal 2025, even as import volumes moderated to roughly 757.03 tonnes. Gold imports currently attract customs duty of 15%.

Refining is a key node in the value chain. India’s gold refining market was valued at 333 tonnes, of which 226 tonnes came from doré imports and the balance from scrap, and the organised segment accounts for approximately 80% to 85% of formal refining capacity. Doré imports carry a duty advantage of close to 0.65% over refined gold, supporting domestic refining economics.

The bullion market is fragmenting toward organised players. The unorganised sector still accounts for 58.4% of the total Indian bullion market, while organised players comprise about 39%. Digital gold, allowing investments as low as ₹1, alongside ETFs, coins, and bars, is widening participation. Augmont Enterprises operates across both the organised bullion and digital gold segments, positioning it to capture this formalisation.

About Augmont Enterprises

Augmont Enterprises Limited is an integrated gold and silver platform present across 24 states as of March 31, 2026. Its ‘Augmont SPOT’ platform, a fully electronic over-the-counter delivery-based bullion platform, became operational in 2012 and serves jewellers, bullion dealers, and manufacturers. Deliveries are fulfilled through 20 spot delivery centres across 13 states, of which nine are operated directly and 11 through franchisees. The consumer platform ‘Augmont Gold For All’ was launched in Fiscal 2021.

Enterprise and international sales dominate the revenue mix. These channels represented 92.90%, 95.72%, and 95.88% of revenue from operations for Fiscals 2026, 2025, and 2024, respectively. The company also refines imported doré bars and sells finished gold and silver products. In Fiscal 2026, it began facilitating the trading of lab-grown diamonds on the ‘Augmont SPOT’ platform.

Strengths of Augmont Enterprises

• The company operates an integrated model spanning procurement, refining, bullion trading, digital gold, jewellery manufacturing, international sales, and gold-backed financial services under the well-established ‘Augmont’ brand.
• A diversified business across enterprise sales, consumer offerings, and refining reduces dependence on any single segment and creates operating synergies.
• Efficient procurement combines refined bullion from Indian and international banks, doré imports refined in-house, and scrap sourcing, supported by 20 spot delivery centres across 13 states.
• A scalable, in-house technology ecosystem powers real-time, second-by-second price discovery on the ‘Augmont SPOT’ and ‘Augmont Gold For All’ platforms.
• Profit after tax grew from ₹75.97 crore in FY 24 to ₹348.30 crore in FY 26, a compound annual growth rate of 114.12%.

Risks of Augmont Enterprises

• Volatility in gold and silver prices affects both product demand and the valuation of inventory, directly exposing margins and cash flows to commodity swings.
• The business depends on continuous, cost-effective procurement of bullion, and sanctions, import duties, or export controls in sourcing regions could disrupt supply and raise costs.
• The top 10 customers accounted for 52.09% of revenue from operations in FY 26 with no long-term contracts, creating dependency risk if key customers are lost.
• Accurate price discovery is central to competitiveness, and any pricing error or disruption to the technology driving it could harm reputation and sales.
• The company cannot access debt financing for working capital, so any inability to secure adequate, cost-effective funding could constrain liquidity and operations.

Peer Comparison

There are no listed companies in India or globally that engage in a business similar to that of Augmont Enterprises Limited.

Anchor Investor Bidding Date

Thursday, August 20, 2026

IPO Registrar and Book Running Lead Managers

Registrar
MUFG Intime India Private Limited
E-mail: augmont.ipo@in.mpms.mufg.com
Tel: +91 810 811 494

Book Running Lead Manager(s)

• Nuvama Wealth Management Limited
  
• Intensive Fiscal Services Private Limited
  
• JM Financial Limited
  
• Motilal Oswal Investment Advisors Limited
  

Augmont Enterprises Contact Details
201 A/B and 203, 2nd Floor, Trade World, D Wing Kamala Mills Compound,
S.B. Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India
Tel: +91 22 6124 5555
Email: secretarial@augmont.in

Augmont Enterprises Business Model

The company earns its revenue through the sale of gold and silver bullion and related products across enterprise and consumer channels. Enterprise revenue comes from the ‘Augmont SPOT’ platform, a delivery-based over-the-counter bullion exchange where jewellers, dealers, and manufacturers buy gold and silver bars at real-time, market-linked prices. Consumer revenue is generated through the ‘Augmont Gold For All’ platform, which offers digital gold, systematic investment plans, and jewellery. The Company also refines imported doré bars into finished products, undertakes international sales, and facilitates gold-backed financial services, deriving further margin from refining, manufacturing, and technology-led price discovery.

Augmont Enterprises Growth Trajectory

Augmont Enterprises's Total Income for FY26 was ₹94,282.47 crore, whereas in FY25 and FY24 it was ₹66,252.05 crore and ₹34,948.90 crore, respectively.

The Profit After Tax for FY26 was ₹348.30 crore, whereas in FY25 and FY24 it was ₹227.19 crore and ₹75.97 crore, respectively.

Their EBITDA for FY26 was ₹385.95 crore, whereas in FY25 and FY24 it was ₹304.09 crore and ₹103.92 crore, respectively.

Augmont Enterprises Market Position

Augmont Enterprises sells bars meeting BIS, LBMA, and India Good Delivery purity standards and has agreements with leading jewellers such as Kalyan Jewellers and CaratLane for redemption of digital gold. Its enterprise and international sales contributed 92.90% of revenue from operations in FY 26, and it handled 54,934,891 transactions on the ‘Augmont Gold For All’ platform in the same year.

As of 31 March 2026, the company's Total Income, Profit After Tax, and EBITDA were ₹94,282.47 crore, ₹348.30 crore, and ₹385.95 crore, respectively.

How to apply for Augmont Enterprises IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.