Augmont Enterprises Limited IPO Details
This article is based entirely on publicly available information disclosed in the Red Herring Prospectus (RHP) of Augmont Enterprises Limited, dated August 17, 2026, and is intended for general market and financial education purposes only.
1. IPO Snapshot
| Particulars | Details |
|---|---|
| Company Name | Augmont Enterprises Limited |
| IPO Type | Fresh Issue + Offer for Sale; Book Building Issue |
| Fresh Issue | Up to ₹6,200.00 million (₹620.00 crore) |
| Offer for Sale | Up to ₹2,050.00 million (₹205.00 crore) |
| Total Issue Size | Up to ₹8,250.00 million (₹825.00 crore) |
| Face Value | ₹5 per Equity Share |
| Price Band | ₹750 to ₹788 per Equity Share |
| Lot Size | 19 Equity Shares |
| IPO Opening Date | August 21, 2026 |
| IPO Closing Date | August 25, 2026 |
| Listing Exchange | BSE Limited and National Stock Exchange of India Limited; NSE is the Designated Stock Exchange |
| Registrar | MUFG Intime India Private Limited |
| BRLMs | Nuvama Wealth Management Limited; Intensive Fiscal Services Private Limited; JM Financial Limited; Motilal Oswal Investment Advisors Limited |
2. IPO Details — Final Price-Band Reconciliation
| Particular | At Floor ₹750 | At Cap ₹788 |
|---|---|---|
| Fresh Issue Amount | ₹620.00 crore | ₹620.00 crore |
| Fresh Issue Shares | 82,66,666 | 78,68,020 |
| OFS Amount | ₹205.00 crore | ₹205.00 crore |
| OFS Shares | 27,33,332 | 26,01,521 |
| Total Issue Amount | ₹825 crore | ₹825 crore |
| Total Issue Shares | 1,09,99,998 | 1,04,69,541 |
| Post-offer Shares Used for Market-cap Disclosure | 9,17,72,152 | 9,13,73,506 |
| Post-offer Market Capitalisation | ₹6,882.91 crore | ₹7,200.23 crore |
3. IPO Lot Size
| Application | Lots | Shares | Amount at ₹750 | Amount at ₹788 |
|---|---|---|---|---|
| Retail Minimum | 1 | 19 | ₹14,250 | ₹14,972 |
| Retail Maximum | 13 | 247 | ₹1,85,250 | ₹1,94,636 |
| sNII Minimum | 14 | 266 | ₹1,99,500 | ₹2,09,608 |
| sNII Maximum | 66 | 1,254 | ₹9,40,500 | ₹9,88,152 |
| bNII Minimum | 67 | 1,273 | ₹9,54,750 | ₹10,03,124 |
4. IPO Timetable
| Event | Date / Status |
|---|---|
| Anchor Investor Bidding | August 20, 2026 |
| Bid / Offer Opens | August 21, 2026 |
| Bid / Offer Closes | August 25, 2026 |
| Finalisation of Basis of Allotment | August 27, 2026 |
| Initiation of Refunds / Unblocking | August 28, 2026 |
| Credit of Equity Shares | August 28, 2026 |
| Listing | On or about August 31, 2026 |
5. Issue Reservation
| Category | RHP / Final Disclosure |
|---|---|
| QIB | Not more than 50% of Net Offer |
| NII | Not less than 15% of Net Offer |
| Retail Individual Investors | Not less than 35% of Net Offer |
| Employee Reservation | Up to ₹4 Crore |
| Anchor Investor Portion | Up to 60% of QIB Portion may be allocated to Anchor Investors |
| Mutual Funds within Anchor | 33.33% of Anchor Investor Portion reserved for domestic Mutual Funds, subject to valid bids |
| Life Insurance / Pension Funds within Anchor | 6.67% of Anchor Investor Portion reserved, subject to valid bids |
| Net QIB Mutual Fund Portion | 5% of Net QIB Portion, excluding Anchor Investor Portion |
| NII Sub-category | 1/3 for applications >₹2 lakh and up to ₹10 lakh; 2/3 for applications >₹10 lakh |
6. About the Company
Augmont Enterprises Limited describes itself as an integrated gold and silver platform in India serving businesses and consumers, with a presence across 24 states as of March 31, 2026. Its activities span procurement and refining, bullion trading, digital gold offerings, jewellery manufacturing, international sales and facilitating gold-backed financial services.
The Company operates through two principal business verticals: enterprise sales and international sales, and consumer-focused offerings.
Business Model and Platforms
-
Augmont SPOT: A fully electronic, over-the-counter delivery-based bullion platform operational since 2012. It enables jewellers, bullion dealers and manufacturers with valid GST registrations to purchase gold and silver bars online with physical delivery.
-
Augmont Gold For All: Launched in Fiscal 2021 for consumer-focused offerings, enabling users to buy, sell and store gold and silver digitally, use systematic investment plans, liquidate old gold, purchase coins and access technology support for gold loans.
-
International Sales: Gold jewellery articles, primarily chains, manufactured at the Sitapur SEZ, Jaipur unit and sold to jewellery traders in international markets including Hong Kong, Turkey and the UAE.
-
Refining: Two gold and silver refining units, in Rudrapur, Uttarakhand and Mumbai, Maharashtra. The Rudrapur unit had an installed capacity of 144 MTPA and the Mumbai unit 140 MTPA as of March 31, 2026.
-
Jewellery Manufacturing: The Sitapur SEZ unit in Jaipur had an installed capacity of 13.80 MTPA as of March 31, 2026.
Operating scale
| Metric | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Augmont SPOT Revenue (₹ million) | 817,505.69 | 553,397.69 | 318,389.03 |
| Augmont SPOT Revenue / Operating Revenue | 86.80% | 83.56% | 91.17% |
| Gold Sold Through Augmont SPOT (MT) | 49.13 | 61.84 | 44.04 |
| Silver Sold Through Augmont SPOT (MT) | 1,033.57 | 1,035.22 | 759.08 |
| International Sales Revenue (₹ million) | 57,014.86 | 80,521.67 | 16,309.84 |
| Consumer-Focused Offerings Revenue (₹ million) | 66,872.36 | 28,349.56 | 11,781.88 |
| Registered Augmont SPOT Members | Over 5,223 | — | — |
| Registered Consumers Served Directly and Through Alliances | Over 49.62 million | — | — |
Competitive strengths identified in the RHP
- Deep domain knowledge of the gold and silver industry, with an integrated model and established brand.
- Diversified business model spanning procurement, refining, bullion trading, digital gold, jewellery manufacturing, international sales and gold-backed financial services. -Efficient procurement operations and a wide distribution network.
- Scalable technology-enabled ecosystem and technology-based price discovery mechanism.
- Track record of improved profit after tax, from ₹759.66 million in Fiscal 2024 to ₹3,483.00 million in Fiscal 2026.
7. Company Financials — Restated Consolidated Financial Information
| Particulars | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Revenue from Operations (₹ million) | 941,862.12 | 662,307.79 | 349,214.93 |
| Other Income (₹ million) | 962.56 | 212.71 | 274.03 |
| Total Income (₹ million) | 942,824.68 | 662,520.50 | 349,488.96 |
| Profit Before Tax (₹ million) | 4,730.97 | 3,052.78 | 1,043.46 |
| Tax Expense (₹ million) | 1,247.97 | 780.90 | 283.79 |
| Profit for the Year / PAT (₹ million) | 3,483.00 | 2,271.88 | 759.66 |
| Basic EPS (₹) | 40.45 | 26.89 | 9.08 |
| Diluted EPS (₹) | 40.45 | 26.89 | 9.08 |
| Total Equity (₹ million) | 9,327.54 | 4,146.66 | 1,872.07 |
| Borrowings (₹ million) | 126.72 | 215.43 | 548.64 |
| Total Assets (₹ million) | 12,569.79 | 18,573.13 | 7,602.93 |
| Finance Costs (₹ million) | 18.53 | 119.37 | 185.52 |
| Depreciation & Amortisation (₹ million) | 72.56 | 81.44 | 84.24 |
| CFO (₹ million) | (421.57) | 1,054.48 | 967.39 |
| CFI (₹ million) | (512.70) | (610.18) | 1,684.25 |
| CFF (₹ million) | 67.07 | (470.08) | (1,598.56) |
| Inventories (₹ million) | 3,419.33 | 2,641.84 | 579.83 |
| Trade Receivables (₹ million) | 1,817.35 | 384.35 | 1,050.77 |
| Trade Payables — MSME (₹ million) | 6.26 | 2.95 | 6.85 |
| Trade Payables — Other Creditors (₹ million) | 685.05 | 947.36 | 1,362.06 |
8. Key Performance Indicators
| KPI | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Revenue from Operations (₹ million) | 941,862.12 | 662,307.79 | 349,214.93 |
| Revenue Growth | 42.21% | 89.66% | 11.61% |
| Total Income (₹ million) | 942,824.68 | 662,520.50 | 349,488.96 |
| Total Income Growth | 42.31% | 89.57% | 11.63% |
| EBITDA (₹ million) | 3,859.50 | 3,040.88 | 1,039.19 |
| EBITDA Margin | 0.41% | 0.46% | 0.30% |
| PAT Margin | 0.37% | 0.34% | 0.22% |
| Total Borrowings (₹ million) | 126.72 | 215.43 | 548.64 |
| Total Equity (₹ million) | 9,327.54 | 4,146.66 | 1,872.07 |
| Debt / Equity | 0.01x | 0.05x | 0.29x |
| ROE | 51.04% | 74.19% | 49.94% |
| ROCE | 40.27% | 70.10% | 49.27% |
| NAV per Share (₹) | 111.00 | — | — |
| RoNW | 49.52% | 69.47% | 43.98% |
9. IPO Valuation
| Valuation Metric | Disclosure |
|---|---|
| Price Band | ₹750–₹788 |
| P/E — Floor Price | 18.54x |
| P/E — Cap Price | 19.48x |
| Weighted Average EPS, FY2024–FY2026 | ₹30.70 |
| RoNW — FY2026 | 49.52% |
| RoNW — FY2025 | 69.47% |
| RoNW — FY2024 | 43.98% |
| Weighted Average RoNW | 55.25% |
| NAV as of March 31, 2026 | ₹111.00 |
| WACA — Last Five Secondary Transactions | ₹424.03 per share |
10. Shareholding Structure
| Promoter | Pre-Offer Shares | Pre-Offer % | Post-Offer % at ₹750 | Post-Offer % at ₹788 |
|---|---|---|---|---|
| Mohinidevi Bhawarlal Kothari | 16,751,667 | 20.06% | 18.25% | 18.33% |
| Kalawati Prithviraj Kothari | 15,134,367 | 18.12% | 16.49% | 16.56% |
| Namita Ketan Kothari | 9,990,000 | 11.96% | 9.88% | 9.97% |
| Devkumari Manekchand Kothari | 9,324,900 | 11.17% | 10.16% | 10.21% |
| Manakchand Saremal Kothari | 8,613,867 | 10.32% | 9.39% | 9.43% |
| Vivek Prithviraj Kothari | 6,747,300 | 8.08% | 6.34% | 6.42% |
| Dimple Mukesh Kothari | 6,551,100 | 7.85% | 6.18% | 6.25% |
| Dimpal Vivek Kothari | 4,335,277 | 5.19% | 4.72% | 4.74% |
| Ketan Bhawarlal Kothari | Nil | Nil | — | — |
| Total Promoters | 77,448,478 | 92.75% | 81.41% | 81.91% |
11. Capital Structure and Capital History
| Item | Disclosure |
|---|---|
| Pre-Offer Paid-up Equity Shares | 83,505,486 shares of ₹5 each |
| Pre-Offer Paid-up Equity Capital | ₹417.527 million |
| Preference Shares | 1,500,000 preference shares of ₹1,000 each disclosed in capital structure; classified as financial liability in the relevant restatement discussion |
| Stock Split | ₹10 face value shares split into ₹5 face value shares on February 5, 2025 |
| Bonus Issue | Eight Equity Shares for every one Equity Share on June 24, 2025 |
| Public Company Conversion | Company converted into a public limited company in May 2025 |
| Post-Offer Shares at Floor | 91,772,152 |
| Post-Offer Shares at Cap | 91,373,506 |
12. IPO Objects of the Issue
| Object | Amount | Timeline / Funding |
|---|---|---|
| Future Working Capital — procurement, maintenance and scaling of inventory and advance margin requirements | ₹4,650.00 million (₹465.00 crore) | Fiscal 2027; Net Proceeds |
| General Corporate Purposes | Balance of Net Proceeds, subject to the stated regulatory limit | Fiscal 2027; Net Proceeds |
| Gross Fresh Issue | ₹6,200.00 million | Fresh Issue |
13. Offer for Sale - Selling Shareholders
| Selling Shareholder | Category | OFS Amount | WACA / Acquisition Cost |
|---|---|---|---|
| Namita Ketan Kothari | Promoter Selling Shareholder | Up to ₹694.00 million | ₹1.86 per share |
| Vivek Prithviraj Kothari | Promoter Selling Shareholder | Up to ₹694.00 million | ₹1.86 per share |
| Dimple Mukesh Kothari | Promoter Selling Shareholder | Up to ₹662.00 million | ₹1.86 per share |
14. Key Risks Highlighted in the RHP
Technology and platform dependence
RHP disclosure: The Company primarily conducts business through Augmont SPOT and Augmont Gold For All. The RHP identifies system malfunctions, cyber-attacks, data breaches, integration failures and failure to update systems as risks.
Potential implication: Disruption could affect transactions, customer service, operations, reputation and regulatory compliance.
Gold and silver price volatility
RHP disclosure: Volatility in bullion prices affects demand, revenue, working capital and hedging outcomes. The Company states that it generally operates on a hedged and back-to-back basis but remains exposed to execution, liquidity and counterparty risks.
Potential implication: Adverse price movements or ineffective hedging could affect profitability, cash flows and financial condition.
Dependence on enterprise sales
RHP disclosure: Augmont SPOT generated 86.80% of revenue from operations in FY2026.
Potential implication: A decline in enterprise sales or disruption of the SPOT platform could adversely affect revenue and results.
Supplier concentration and procurement risk
RHP disclosure: The Price Band Advertisement reports that the largest supplier represented 19.93% of total materials procured in FY2026; top 5 and top 10 suppliers represented 58.24% and 74.18%.
Potential implication: Supply shortages, higher costs or delivery disruption could affect operations.
Customer concentration
RHP disclosure: The largest customer represented 27.44% of revenue from operations in FY2026 and the top 10 represented 52.09%. The RHP states that the Company does not execute long-term agreements with customers.
Potential implication: Loss of major customers or failure to diversify could affect revenue and financial performance.
Working-capital intensity
RHP disclosure: The business requires substantial working capital for bullion procurement, inventory and advance margin requirements. ₹4,650 million of Net Proceeds is earmarked for working capital.
Potential implication: Insufficient working capital could affect procurement, liquidity and growth.
Hedging risk
RHP disclosure: The RHP identifies risks related to hedging activities and the effectiveness, execution and liquidity of hedging arrangements.
Potential implication: Ineffective hedging could adversely affect margins, cash flows and results.
Regulatory and financing restrictions
RHP disclosure: The RHP states that certain RBI-related restrictions can limit access to debt financing for enterprise-sales working capital.
Potential implication: Inability to obtain adequate and cost-effective financing could affect liquidity and operations.
Legal and regulatory proceedings
RHP disclosure: The Company, subsidiaries, promoters, directors, KMP and senior management are involved in certain pending legal and regulatory proceedings.
Potential implication: Unfavourable decisions could affect reputation, cash flows, management attention and financial condition.
Skilled personnel
RHP disclosure: The RHP states that the business depends on attracting and retaining skilled personnel. It reports 296 permanent employees and 18.18% senior-management attrition in FY2026.
Potential implication: Failure to retain or recruit personnel could impair expansion and revenue.
Negative operating cash flow
RHP disclosure: Net cash from operating activities was negative ₹421.57 million in FY2026, compared with positive CFO in FY2025 and FY2024.
Potential implication: Continued negative operating cash flows could affect liquidity and financial condition.
Contingent liabilities
RHP disclosure: The RHP summarises contingent liabilities of ₹150.55 million as of March 31, 2026.
Potential implication: If such contingencies crystallise, they could affect financial condition.
No comparable listed peers
RHP disclosure: The RHP states that there are no comparable listed peers.
Potential implication: Investors cannot use a conventional listed-peer valuation benchmark for the Company.
15. IPO Registrar
| Particular | Details |
|---|---|
| Name | MUFG Intime India Private Limited (formerly Link Intime India Private Limited) |
| Address | C-101, 1st Floor, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India |
| Contact Person | Shanti Gopalkrishnan |
| Telephone | +91 810 811 4949 |
| augmont.ipo@in.mpms.mufg.com | |
| Website | in.mpms.mufg.com |
| SEBI Registration No. | INR000004058 |
16. IPO Lead Managers
| BRLM | Contact / Email | SEBI Registration No. |
|---|---|---|
| Nuvama Wealth Management Limited | Lokesh Shah / Gourav Rathi; +91 22 4009 4400; augmont.ipo@nuvama.com | INM000013004 |
| Intensive Fiscal Services Private Limited | Harish Khajanchi / Anand Rawal; +91 22 2287 0443; augmont.ipo@intensivefiscal.com | INM000011112 |
| JM Financial Limited | Prachee Dhuri; +91 22 6630 3030; augmont.ipo@jmfl.com | INM000010361 |
| Motilal Oswal Investment Advisors Limited | Shashank Pisat; +91 22 7193 4380; augmont.ipo@motilaloswal.com | INM000011005 |
17. Company Contact Details
| Particular | Details |
|---|---|
| Registered & Corporate Office | 201 A/B and 203, 2nd Floor, Trade World, D Wing, Kamala Mills Compound, S.B. Marg, Lower Parel West, Mumbai – 400013, Maharashtra |
| Telephone | +91 22 6124 5555 |
| secretarial@augmont.in | |
| Website | www.augmont.com |
| Company Secretary & Compliance Officer | Sunny Dilip Parekh |