Augmont Enterprises IPO Opens 21 August; Issue Size ₹825 Crore
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Augmont Enterprises will open its ₹825-crore IPO on 21 August, with the price band set at ₹750-788 per share. The issue includes a ₹620-crore fresh share sale and a ₹205-crore offer-for-sale by the promoter family.
Augmont Enterprises, a Mumbai-based platform focused on gold and silver, will open its ₹825-crore initial public offering (IPO) for subscription on 21 August.
The company has set the price band at ₹750-788 per share, giving it a valuation of around ₹7,200 crore. The subscription will remain open until 25 August.
Augmont Enterprises plans to raise ₹620 crore through a fresh issue of shares. Promoter Kothari family will sell shares worth ₹205 crore through an offer-for-sale (OFS).
The Augmont Enterprises IPO will open its anchor book for institutional investors on 20 August.
Key Details On Offer Size, Quotas And Listing Date
The company is expected to finalise the allotment of shares by 27 August. Its shares are likely to be listed on the stock exchanges on 31 August.
The OFS component has been increased to ₹205 crore from ₹180 crore mentioned in the draft red herring prospectus (DRHP). There has been no change in the fresh issue size.
Augmont Enterprises had filed its DRHP with the Securities and Exchange Board of India (SEBI) in September 2025. The market regulator approved the IPO proposal in January 2026.
The company has reserved shares worth up to ₹4 crore for its employees. Of the remaining net offer, 50% has been earmarked for qualified institutional buyers (QIBs), 35% for retail investors and 15% for non-institutional investors.
The minimum bid size is 19 shares, and investors can bid in multiples of 19 shares thereafter. At the upper end of the price band, a retail investor will need at least ₹14,972 to apply. The maximum investment allowed for retail investors would be ₹1,94,636.
Where Will Augmont Use IPO Proceeds?
Augmont Enterprises plans to use ₹465 crore from the fresh issue towards future working capital needs.
The funds will be used for procuring and maintaining inventory, scaling up inventory levels and meeting advance margin requirements linked to inventory purchases.
The remaining money from the fresh issue will be used for general corporate purposes.
How Augmont’s Business Is Structured
The company operates across several parts of the gold and silver value chain. Its businesses include procurement and refining, bullion trading, digital gold, jewellery manufacturing, international sales and gold-backed financial services.
Augmont operates through two main business verticals. Its enterprise business includes the Augmont SPOT platform and international sales. Its consumer business operates through the Augmont Gold For All platform and offline channels.
Augmont Enterprises Profit Rises 53%
The company has reported strong financial growth in recent years.
Profit for the year ended March 2026 rose 53.3% to ₹348.3 crore from ₹227.2 crore a year earlier. Revenue from operations increased 42.2% to ₹94,186.2 crore from ₹66,230.8 crore during the same period.
Nuvama Wealth Management, Intensive Fiscal Services, JM Financial and Motilal Oswal Investment Advisors have been appointed as merchant bankers for the IPO.
Also Read - Why is Gold Price Down Today: MCX Gold Falls Below ₹1.55 Lakh as Oil Prices Rise
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa is a content and SEO strategist with 10+ years of experience across fintech and FMCG. She has a knack for connecting dots others miss, spotting trends early, and finding angles on topics most miss to question.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide.
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