Augmont IPO Oversubscribed 7.62x, NIIs Drive Demand

Augmont Enterprises’ IPO registered an oversubscription of 7.62 times by Monday, August 24, indicating strong market interest.

Subscription Breakdown

• Non-institutional investors (NII) subscribed 16.14 times.
• Retail individual investors (RII) reached 7.33 times.
• Qualified Institutional Buyers (QIB) portion booked 1.81 times.
• The company received bids for 5,87,91,909 shares against 77,15,999 shares on offer.

The IPO targets raising ₹825 crore through a mix of fresh issue and offer for sale of over 1 crore shares. The price band is set between ₹750 and ₹788 per share, with a lot size of 19 shares.

Anchor Investor Details

• 31.25 lakh equity shares allotted to anchor investors at ₹788 per share.
• This raised ₹246.3 crore from participants.
• Key anchor investors included Nomura, HDFC Mutual Fund, and Nippon India Mutual Fund.
• Other investors were Tata MF, Jupiter India Fund, Trust MF, Jupiter Global Fund, Edelweiss Life Insurance Company, Authum Investment and Infrastructure, Ashish Kacholia’s Bengal Finance and Investment, 360 ONE Alternates Asset Management, Alternates Asset Management, and Societe Generale.

Key IPO Dates & Use of Funds

• Bidding period: August 21 to August 25.
• Share allotment expected: August 27.
• Shares credited to demat accounts: August 28.
• Refunds processed: August 28.
• Listing on BSE and NSE: August 31.
• Proceeds allocation: ₹465 crore for working capital, remainder for general corporate purposes and issue expenses.

Augmont Enterprises operates an integrated gold and silver platform, serving both businesses and consumers across 24 Indian states. Its operations encompass procurement, refining, and digital gold services.

The company leverages platforms like “Augmont SPOT” for enterprise and international sales, and “Augmont Gold For All” for consumers. As of March 31, 2026, the Augmont SPOT platform had over 5,223 registered members, with deliveries possible through 20 spot delivery centres across 13 states.