Augmont Enterprises Ltd IPO
Trading
Price Band
₹750 – ₹788
Lot Size
19
Minimum Bid Quantity
19
Minimum Investment
₹14972
Issue Size
₹825Cr
Opens
2026-08-21
Closes
2026-08-25
Listing
31-08-2026
Subscription Status
Qualified Institutional Buyers
226.96 x
Non-Institutional Investor
121.38 x
Retail Individual Investor
30.49 x
Employees
20.89 x
Total
105.51 x
IPO Details
Issue Type
EQUITY
Face Value
₹5
Tick Size
1
ISIN
INE16W401027
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Augmont Enterprises Limited is an integrated gold and silver platform serving businesses and consumers across India. Its operations cover procurement and refining of gold and silver, bullion trading, digital gold and silver offerings, jewellery manufacturing, international sales and technology support for gold-backed financial services. The company conducts enterprise sales through its Augmont SPOT platform, which enables jewellers, bullion dealers and manufacturers to purchase gold and silver bars online for physical delivery. Its consumer-focused Augmont Gold For All platform enables customers to buy, sell and store gold and silver digitally, purchase gold through systematic investment plans, buy coins and access technology support for gold loans. The company manufactures gold jewellery at its unit in Sitapur SEZ, Jaipur, Rajasthan, and sells products in international markets, including Hong Kong, Turkey and the UAE. It operates gold and silver refining units in Rudrapur, Uttarakhand and Mumbai, Maharashtra. The company also procures refined bullion and doré bars from domestic and international sources. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes: 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 — Rs 465 crore General corporate purposes
Pros
- • The company operates across procurement and refining, bullion trading, digital gold, jewellery manufacturing, international sales and gold-backed financial services. This allows it to serve both business customers and consumers through multiple business verticals.
- • The company’s Augmont SPOT platform has been operational since 2012 and had over 5,223 registered members as of March 31, 2026. The platform provides online trading of gold and silver bars and uses a technology-based mechanism for real-time price discovery.
- • The company operates two gold and silver refining units in Rudrapur, Uttarakhand, and Mumbai, Maharashtra, with installed capacities of 144 MTPA and 140 MTPA, respectively. It claims that its assaying laboratories are accredited by NABL under ISO/IEC 17025:2017 and that its refining operations are certified under India Good Delivery standards.
Cons
- • The company derives a significant portion of its revenue from its Augmont SPOT and Augmont Gold For All platforms, which together contributed Rs 84,762.62 crore (90.00%), Rs 56,523.26 crore (85.34%), and Rs 32,477.87 crore (93.00%) to its revenue from operations in FY26, FY25, and FY24, respectively. Any significant disruption, cyberattack, data breach, or failure of these platforms could adversely affect the company’s business, reputation, and financial condition.
- • The company derives a substantial portion of its revenues from enterprise sales through the Augmont SPOT platform, international sales and other sales, which contributed Rs 87,498.98 crore (92.90%), Rs 63,395.82 crore (95.72%) and Rs 33,482.03 crore (95.88%) to its revenue from operations in FY26, FY25 and FY24, respectively. Any decline in demand for gold and silver bullion or jewellery, adverse movements in precious metal prices, changes in consumer preferences or regulatory developments could adversely affect the company’s business, results of operations and financial condition.
- • The company is dependent on the continuous procurement of gold and silver bullion, with its top 10 suppliers accounting for Rs 69,493.02 crore (74.18%), Rs 42,865.23 crore (64.94%) and Rs 21,959.95 crore (63.26%) of total materials procured in FY26, FY25 and FY24, respectively. Failure by these suppliers to maintain supplies, an increase in procurement costs, or disruptions arising from changes in import duties, sanctions, export controls or supply chain constraints could adversely affect the company’s business, results of operations and financial condition.
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