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Augmont IPO Oversubscribed 4X on Day 2
24 Aug
Summary
- Augmont IPO saw 4.11 times subscription by August 24.
- Non-institutional investors led demand with 7.60x subscription.
- Grey market premium suggests a potential 48.22% listing gain.
The initial public offering of Augmont Enterprises, valued at Rs 825 crore, has experienced robust investor demand, reaching a subscription of 4.11 times by the morning of August 24, 2026. This strong interest was particularly evident in the non-institutional investors' category, which saw a subscription rate of 7.60 times, followed by retail investors at 3.99 times.
The IPO, which opened on August 21 and closes on August 25, 2026, has a price band set between Rs 750 and Rs 788 per share. Augmont Enterprises aims to raise Rs 825 crore through a fresh issue of Rs 620 crore and an offer for sale (OFS) of up to Rs 205 crore by the promoter Kothari family.
Ahead of the public offering, the company successfully raised Rs 246.3 crore from anchor investors, including notable names like Nomura and Societe Generale. The company plans to allocate Rs 465 crore from the net proceeds to bolster its working capital, essential for its bullion business operations, with the remainder designated for general corporate purposes.
Augmont Enterprises, which operates through its Augmont SPOT and Augmont Gold For All platforms, reported a significant profit increase of 53.3% to Rs 348.3 crore in FY26. Revenue also saw a substantial rise of 42.2% to Rs 94,186.2 crore in the same fiscal year. The company's manufacturing facilities are located in Jaipur, Rajasthan, with refining units in Rudrapur, Uttarakhand, and Mumbai, Maharashtra.
