- Price band
- ₹750 – ₹788
- Issue size
- ₹825 Cr
- Lot size
- 19 sh
- Bidding
- 21 – 25 Aug
- Grey market
- —
Face value ₹5.00
75% fresh capital
Lists 31 Aug 2026
No quote recorded
Market data to 30 Oct 2026. Company figures are as filed, sourced 15 Oct 2026. Every figure’s origin is listed under Sources.
The question this issue poses
In one sentence
Augmont Enterprises refines and trades gold and silver, and books revenue at the gross value of bullion sold: revenue from operations was Rs 94,186.21 Cr in FY26 against EBITDA of Rs 385.95 Cr, an EBITDA margin of 0.41%, and profit after tax of Rs 348.30 Cr, a margin of 0.37%. Revenue was Rs 34,921.49 Cr in FY24, Rs 66,230.78 Cr in FY25 (a rise of 89.66%) and Rs 94,186.21 Cr in FY26 (a further 42.21%), with profit after tax at Rs 75.97 Cr, Rs 227.19 Cr and Rs 348.30 Cr over the same three years. The Rs 825 Cr issue was Rs 620 Cr fresh and Rs 205 Cr offer for sale, priced at Rs 750-788, and the filing earmarks Rs 465.00 Cr of the fresh issue for inventory procurement and advance margin. The book was subscribed 105.78 times overall; the stock listed at Rs 961 against a band top of Rs 788 and last traded at Rs 1,096.30 on 23 October 2026.
IPOVista score
How this issue scores, and why
Every pillar opens to show the raw metric, the curve it was mapped through, the sub-score and its weight. Disagree with the weighting if you like — the arithmetic is all here.
IPOVista score
Broadly well-balanced
63% of the scoring model was backed by disclosed data for Augmont, giving medium confidence. Weights for anything missing were redistributed rather than scored as zero.
How this score is builtBelow the line: market sentiment. Capped at 8 of 100 points so a hot grey market can tilt a score but never carry one.
The IPOVista Score is a transparent summary of disclosed fundamentals and issue terms. It is research, not investment advice, and it cannot predict listing performance.
The company
What the business actually does
Founded 2012 · 201 A/B and 203, 2nd Floor, Trade World, D Wing, Kamala Mills Compound, S.B. Marg, Lower Parel West, Mumbai 400013, Maharashtra · 297 employees
Augmont Enterprises buys, refines and sells gold and silver in India. Its main business is Augmont SPOT, an electronic over-the-counter platform on which GST-registered jewellers, bullion dealers and manufacturers order gold and silver bars and take physical delivery at the company's spot delivery centres; the platform had over 5,223 registered members as of 31 March 2026. The company runs two refining units, at Rudrapur, Uttarakhand (144 MTPA installed capacity) and Mumbai (140 MTPA), and a jewellery unit in the Sitapur SEZ, Jaipur, that makes gold chains sold to traders in Hong Kong, Turkey and the UAE. A consumer arm, Augmont Gold For All, sells digital gold and silver, coins from 1 gram, and gold savings plans. It was present across 24 states as of 31 March 2026.
Revenue is booked as the gross value of bullion sold, so the top line is very large and the spread very thin. Revenue from operations was ₹94,186.21 Cr in FY26 against EBITDA of ₹385.95 Cr — an EBITDA margin of 0.41%, versus 0.46% in FY25 and 0.30% in FY24; profit-for-the-year margin was 0.37% in FY26. Enterprise sales through Augmont SPOT plus international sales were 92.90% of FY26 revenue from operations, and the top 10 customers 52.09%. The structural constraint is working capital: the prospectus states the company cannot access debt financing for its working capital requirements, and ₹465.00 Cr of the fresh issue was earmarked for inventory procurement and advance margin.
The company on paper
- Legal name
- Augmont Enterprises Limited
- IncorporatedThe legal entity is often incorporated years before the brand you know, and may have traded under another name first
- 31 Oct 2012
- CINCorporate Identity Number — the unambiguous handle for looking this company up at the MCA
- U74120MH2012PLC237346
- Sector
- Materials · Gold and silver refining, bullion trading and digital gold distribution
- Employees
- 297
- Registered office
- 201 A/B and 203, 2nd Floor, Trade World, D Wing, Kamala Mills Compound, S.B. Marg, Lower Parel West, Mumbai 400013, Maharashtra
- Promoters
- Ketan Bhawarlal Kothari, Mohinidevi Bhawarlal Kothari, Kalawati Prithviraj Kothari, Namita Ketan Kothari, Devkumari Manekchand Kothari, Manakchand Saremal Kothari, Vivek Prithviraj Kothari, Dimple Mukesh Kothari, Dimpal Vivek Kothari
- Promoter holding, pre-issue
- 92.8%
- Promoter holding, post-issue
- 81.9%
- Website
- augmont.com
The numbers
Financial performance
Revenue has compounded at 64.2% a year across the 3 reported financial years.
Revenue and profit
Figures in ₹ crore, as reported in the prospectus. Interim quarters are not annualised.
- Revenue
- Profit after tax
Margin trend
Profit and operating margin as a percentage of revenue
- Net margin
- EBITDA margin
Net worth and borrowings
At each period end, in ₹ crore. Gearing below each period is borrowings over net worth, from these same figures.
- Net worth
- Total borrowings
The price
Valuation
What the issue asks for the business, set against what the business earns.
No valuation ratios are recorded for this issue. The price band and the reported financials above are what this record holds.
The terms
How the issue is structured
75% of the money raised is fresh capital that goes to the company; the rest goes to shareholders selling down.
- Fresh issueNew shares — proceeds go to the company
- ₹620 Cr
- Offer for saleExisting shares — proceeds go to the selling shareholders
- ₹205 Cr
- Total issue size
- ₹825 Cr
- Shares offered in the OFS
- —
- Pre-issue shares outstanding
- —
- Employee discount
- —
What the issue does to ownership
Share of paid-up equity before and after the offer. The promoters give up 10.8% of the company.
- Promoters
- Everyone else
Hover or focus a segment to see who it is. The two bars are the same company, measured before and after the offer.
Percentages are of paid-up equity, and the “after” column assumes the offer is fully subscribed, which is how the offer document states it. This record does not disclose a pre- and post-issue share count, so the part of the company actually changing hands is not split out — everyone who is not a promoter is shown together.
Demand
What the market is bidding
Subscription is hard exchange data. Grey-market premium is not — it is an unofficial quote, shown because readers want it and labelled because it deserves the label.
Subscription by category
Cumulative bid multiples at the end of day 3. Anchor allocations are excluded.
Hover or focus a category to see who bids in it.
A category subscribed above 1× is oversubscribed; allotment in that category then runs as a lottery or on a proportionate basis.
Grey market premium
Unofficial over-the-counter sentiment
No grey-market quotes have been recorded for this issue.
Outcome
How it actually listed
- Issue price
- ₹788.00
- Listed at
- ₹961.00
- Listing gain
- up 21.9%
- Since listing
- up 3.4%
- Against the issue price
- up 26.1%
Trading at ₹993.40 on 30 Oct 2026
What an allotment is worth now, before costs
Work it out
What this means for one application
Three calculations, each stating the assumption it rests on.
What one application costs
Shares are applied for in whole lots at the cut-off price. The full amount is blocked in your bank account under ASBA, not debited, until allotment.
- Shares applied for
- 19
- At cut-off price
- ₹788.00
- Amount blocked
- ₹14,972
One lot is 19 shares at ₹14,972. Retail applications are capped at ₹2,00,000, which allows up to 13 lots here — apply for more and you are bidding as a non-institutional investor instead.
Odds of getting an allotment
When the retail category is oversubscribed, SEBI requires a lottery for the minimum lot. Every application has the same chance, whatever its size.
~3%
chance of one lot, per application
- Retail subscription
- 30.98×
- Applicants per share available
- 31.0× the retail quota
This is an estimate of a lottery, not a prediction. Actual odds depend on the final basis of allotment, how many applications were at the minimum lot, and rejections for technical reasons. Applying from multiple distinct PANs is the only legitimate way to hold more tickets in that lottery.
What it actually did
This issue has listed, so there is a real number instead of a prediction. The grey-market premium is shown beside it for comparison.
₹961.00
listed at, 21.9% against the issue price
- Issue price
- ₹788.00
- Premium said
- —
- If allotted 19 shares
- ₹3,287
Listing-day figures are as reported by the exchanges.
Our read
The case for and against
Grounded only in figures disclosed in the prospectus. This is analysis, not a recommendation.
What works
- Profit after tax rose in both years the record can measure a change over: Rs 75.97 Cr in FY24, Rs 227.19 Cr in FY25 (up 199.05%) and Rs 348.30 Cr in FY26 (up 53.31%). Net worth moved in the same direction across all three years, Rs 204.87 Cr, Rs 422.94 Cr and Rs 926.87 Cr.
- Total borrowings fell in every year the record carries: Rs 54.86 Cr in FY24, Rs 21.54 Cr in FY25 and Rs 12.67 Cr in FY26. Set against net worth, borrowings were 26.78% of Rs 204.87 Cr in FY24, 5.09% of Rs 422.94 Cr in FY25 and 1.37% of Rs 926.87 Cr in FY26.
- The issue was weighted towards fresh capital: Rs 620 Cr of the Rs 825 Cr total, or 75.15%, with the offer for sale at Rs 205 Cr. Promoter holding goes from 92.75% pre-issue to 81.91% post-issue, a fall of 10.84 percentage points.
- On the final day of bidding the issue was subscribed 105.78 times overall, with the QIB category at 226.96 times, NII at 121.47 times and retail at 30.98 times.
What to weigh against it
- Margins on this gross-value revenue base are very thin and have not run in one direction across the three years present: EBITDA margin was 0.30% in FY24 (Rs 103.92 Cr on Rs 34,921.49 Cr), 0.46% in FY25 (Rs 304.09 Cr on Rs 66,230.78 Cr) and 0.41% in FY26 (Rs 385.95 Cr on Rs 94,186.21 Cr).
- EBITDA grew more slowly than revenue in FY26: EBITDA rose 26.92% (Rs 304.09 Cr to Rs 385.95 Cr) while revenue rose 42.21% (Rs 66,230.78 Cr to Rs 94,186.21 Cr).
- Revenue is concentrated by channel and by customer. The filing states that enterprise sales through Augmont SPOT plus international sales were 92.90% of FY26 revenue from operations, and that the top 10 customers accounted for 52.09%.
- The prospectus states that the company cannot access debt financing for its working capital requirements, and Rs 465.00 Cr of the Rs 620 Cr fresh issue, or 75.00% of it, is earmarked for inventory procurement and advance margin.
Easy to miss in the prospectus
- Profit after tax grew faster than EBITDA in FY26, 53.31% against 26.92%. The record carries no expenses, depreciation, finance cost or tax line for any year, so that gap cannot be decomposed from this page.
- Net worth rose Rs 503.93 Cr in FY26, from Rs 422.94 Cr to Rs 926.87 Cr, against profit after tax of Rs 348.30 Cr for the year. The record carries no cash flow from operations or equity-movement line for any of the three years.
- The price path on record: listed at Rs 961 against a band top of Rs 788, a listing gain of 21.95%; closed day one at Rs 908.15, which is 5.50% below the listing price; and last traded at Rs 1,096.30 on 23 October 2026, 39.12% above the band top.
Straight from the filing
Read it yourself
Every figure on this page comes out of these. Go and check them.
Served by the issuer, the exchange or the regulator — never a copy hosted here, so what you open is the filing itself.
The paperwork
Who is running the issue
- Lead managers
- Nuvama Wealth Management Limited, Intensive Fiscal Services Private Limited, JM Financial Limited, Motilal Oswal Investment Advisors Limited
- RegistrarAllotment status is checked on the registrar's own site
- MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
How these figures were checked
Reconciled to Augmont's own prospectus and to exchange disclosures, then cross-checked against 6 other independently published compilations of the same filing. Where a stated ratio disagreed with the line items it should come from, the disagreement was settled against the prospectus itself.
- SEBI — Augmont Enterprises Limited, Abridged Prospectus (RHP dated 17 Aug 2026); source for CIN, promoters, pre-issue promoter holding 92.75%, issue structure, objects, business description, refining capacity, restated consolidated financials and KPIs, risk factors · read 15 Oct 2026
- NSE — Draft Red Herring Prospectus (30 Sep 2025), full 468-page filing; source for the incorporation date and original name · read 15 Oct 2026
- NSE — issue bid details API (ipo-active-category, symbol AUGMONT); authoritative final category-wise subscription · read 15 Oct 2026
The prospectus is the authoritative document. Check anything that matters against it before you act.
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