Summary of this article
Augmont Enterprises IPO will be available from August 21 to August 25
GMP of Rs 285 indicates a possible 36 per cent listing gain
The company will use Rs 465 crore for working capital needs
Augmont Enterprises is set to open its initial public offering (IPO) for subscription on August 21, with the issue commanding a strong premium in the grey market ahead of its launch. The IPO, which seeks to raise Rs 825 crore, will close on August 25.
The latest grey market premium (GMP) stands at Rs 285, according to websites that track such trades. At the upper end of the IPO price band of Rs 788, this indicates an estimated listing price of Rs 1,073, or a gain of 36.17 per cent over the issue price.
The GMP has risen from Rs 190 on August 18 to Rs 280 on August 19 and Rs 285 on August 20.
However, investors should note that GMP is an unofficial indicator and does not guarantee the listing price or returns.
Augmont Enterprises IPO: Price Band, Lot Size, and Other Key Details
Augmont Enterprises has fixed the price band at Rs 750-788 per share. The minimum bid is 19 shares, which means retail investors will need to invest at least Rs 14,972 at the upper end of the price band.
The issue comprises a fresh issue of 7.87 million shares worth Rs 620 crore and an offer for sale (OFS) of 2.60 million shares worth Rs 205 crore. The OFS will be sold by promoters.
At the upper end of the price band, Augmont Enterprises is valued at around Rs 7,200 crore.
The company is expected to finalise the IPO allotment on August 27. Shares are scheduled to be credited to successful bidders and refunds initiated on August 28. Listing is scheduled for August 31.
What Does Augmont Enterprises Do
Augmont Enterprises is involved in different parts of the gold and silver business, including refining, bullion trading, digital gold, jewellery manufacturing and international sales.
It serves businesses through its Augmont SPOT platform, while Augmont Gold For All caters to retail customers.
As of March 31, 2026, the company had a presence in 24 states and over 5,223 registered business customers, according to its red herring prospectus (RHP). It had also served more than 49.62 million registered digital gold customers through its own platforms and partnerships.
The company has gold and silver refineries in Rudrapur and Mumbai, along with a jewellery manufacturing facility in Sitapur SEZ, Jaipur, the RHP said.
Augmont Enterprises Financial Performance
The company's revenue rose 42 per cent to Rs 94,282.47 crore in FY26 from Rs 66,252.05 crore in FY25.
Profit after tax increased 53 per cent to Rs 348.30 crore during the same period, compared with Rs 227.19 crore a year earlier. Earnings before interest, tax, depreciation, and amortisation (Ebitda) stood at Rs 385.95 crore in FY26, up from Rs 304.09 crore in FY25.
The company's debt declined to Rs 12.67 crore in FY26 from Rs 21.54 crore in FY25 and Rs 54.86 crore in FY24.
How Will Augmont Use The IPO Proceeds
Augmont Enterprises plans to use Rs 465 crore from the IPO proceeds to meet its working capital needs. The company will use the funds to procure, maintain and increase inventory, as well as meet advance margin requirements for inventory purchases.
It will use the remaining proceeds for general corporate purposes.
