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IPO Lenschevron_rightIPO Explorerchevron_rightAugmont Enterprises IPO Details
AE

Augmont Enterprises IPO Details

Open
Augmont Enterprises · Mainboard · Book Build Issue · BSE, NSE
Price Band
₹750–788
Issue Size
₹825 Cr
Min Invest
₹52,09,390
Lot Size
19 sh
Opens
21 Aug
Closes
25 Aug
Allotment
27 Aug
Listing
31 Aug
boltListing Gain
Strong Apply
Probability
High

The IPO is priced attractively relative to its growth and industry peers, combined with very strong GMP (47.21% premium) and robust subscription figures across NII and Retail categories, indicating high demand for listing gains.

descriptionExecutive Summary

Augmont Enterprises operates in the gold and silver industry with an integrated model, primarily focusing on enterprise and international sales through its online platforms. The company has demonstrated exceptional revenue and profit growth, coupled with strong return ratios and low debt. While margins are thin, the valuation appears attractive relative to its growth and industry peers. However, the company faces significant litigation and operational risks.

edit_note
Analyst Notes

Augmont Enterprises demonstrates exceptional financial growth, strong return ratios, and a conservative debt profile. The IPO is attractively valued relative to its industry peers and growth trajectory. Market sentiment is very strong, indicated by high GMP and robust subscription. Long-term prospects are also positive but require careful monitoring of risks.

insightsOutlook

boltListing GainStrong Apply
ConfidenceHigh

The IPO is priced attractively relative to its growth and industry peers, combined with very strong GMP (47.21% premium) and robust subscription figures across NII and Retail categories, indicating high demand for listing gains.

scheduleShort TermApply
ConfidenceHigh

The strong market sentiment, attractive valuation, and exceptional recent financial performance suggest potential for short-term appreciation post-listing. However, thin margins and litigation risks warrant caution.

historyLong TermApply
ConfidenceHigh

The company operates in a growing industry with high entry barriers and has demonstrated impressive growth. Its integrated model and expansion strategies offer long-term potential. However, the very thin margins and ongoing litigation risks introduce uncertainty for long-term investors.

radarScore Profile

FinancialBusinessValuationGrowthGovernanceMarketRisk
72
Overall Score
71.5/100
account_balanceFinancial Strength
7.0/10
business_centerBusiness Quality
7.0/10
sellValuation
8.0/10
trending_upGrowth
9.0/10
verified_userGovernance
6.0/10
moodMarket Sentiment
9.0/10
warningRisk
4.0/10

monitoringFinancial Analysis

94282.5₹ Cr · FY24–FY26
insightsRevenue grew from 34948.9 to 94282.5 across FY24–FY26 (+169.8%).
Latest
94282.5
Low
34948.9
High
94282.5
Average
65161.1
Δ Period
+59333.6
flagRed flag · Consistently very low EBITDA and PAT margins are a point of concern, despite high growth.
Quality Ratings
Revenue ConsistencyStrong
Profit Consistency—
EBITDA TrendStrong
Margin TrendLow
Net Worth TrendStrong
Cash Flow Quality—
Working Capital—
Debt LevelsLow
Debt ServicingExcellent
Earnings QualityStrong
Return Ratios—
Profit Sustainability—

sellValuation Analysis

Valuation Meter
Attractive
Capital Eff.
Excellent
Risk-adj. Return
High
Pre-IPO P/E
18.89×
Post-IPO P/E
20.67×
EV / EBITDA
—
Price / Book
7.1×
ROE
51.04%
ROCE
40.27%
Competitive PositioningAverage
Relative Pricing vs PeersAverage

candlestick_chartListing Performance

schedule

Listing-day performance is not available yet. It will appear here once this IPO has listed and results are recorded.

business_centerBusiness Quality

lan
Business Model
Integrated gold and silver industry player, primarily engaged in enterprise and international sales through online platforms ('Augmont SPOT' and 'Augmont Gold For All'). Also expanding into consumer offerings and lab-grown diamonds.
security
Competitive Moat
High entry barriers in the gold and silver industry, integrated business model, diversified operations with synergies, efficient procurement, and wide distribution network.
open_in_full
Scalability
High, with strategies focused on expanding enterprise and international sales, scaling consumer business, and strengthening procurement, refining, and manufacturing operations. The online platform model supports scalability.
public
Market Opportunity
Significant market opportunity within the growing Indian gold and silver market, with expansion plans into Tier 2-4 cities and lab-grown diamonds.
star
Brand Strength
Well-established brand, recognized with 'Gold Bullion Dealer of the Year' and 'Silver Bullion Dealer of the Year' awards in 2024.
memory
Technology Edge
Leverages online platforms ('Augmont SPOT' and 'Augmont Gold For All') for primary business operations, indicating a technology-driven approach to trading and sales.
fence
Entry Barriers
High entry barriers in the gold and silver bullion business, as stated in the Technopak Report.
leaderboard
Industry Position
Well-established brand with deep domain knowledge in the gold and silver industry, recognized with industry awards.
groups
Customer Concentration
High revenue concentration (over 95%) from enterprise and international sales, which could pose a risk if these channels face disruption.
local_shipping
Supplier Concentration
Moderate, with dependence on continuous and cost-effective procurement of gold and silver bullion from a few key suppliers.

factoryIndustry Analysis

factoryGold and Silver Bullion Trading and Refining
Industry CAGR
16.4%
boltDrivers
  • India's Private Final Consumption Expenditure (PFCE) growth
  • Consumer Price Inflation (CPI)
  • Population growth in India

verified_userGovernance & Ownership

Governance Health
60OF 100Moderate
Risk & Quality Ratings
Promoter QualityVery High
Governance RatingModerate
TransparencyModerate
Litigation RiskHigh
Regulatory IssuesHigh
Dependency RiskHigh
Shareholding Pattern
Pre-Issue Promoter92.75%
Post-Issue Promoter81.91%
infoPromoter dilution of 10.8 pts post-issue.

receipt_longOffer Details

Fresh Issue
₹620 Cr
Offer for Sale
₹205 Cr
Total Shares
1,04,69,541
Net Offer Shares
1,04,18,782
Registrar
MUFG Intime India Pvt.Ltd.
Lead Managers
JM Financial Ltd.

shopping_cartLot Size & Bidding

Min Investment
₹10.03 L
₹10,03,124
Lot Size
19 sh
shares per lot
Min Bid
19 sh
minimum to apply

B-HNI

67 lots & above
₹10.03 Lentry
Min
67 lots
1,273 sh · ₹10.03 L
Max
—
no upper limit

pie_chartReservation Breakdown

CategoryShares Offered% of IssueShare
QIB52,09,39049.76%
NII (HNI)15,62,81714.93%
Retail36,46,57534.83%
Employee50,7590.48%
QIB49.76%
52,09,390 shares offered
NII (HNI)14.93%
15,62,817 shares offered
Retail34.83%
36,46,575 shares offered
Employee0.48%
50,759 shares offered

anchorAnchor Investors

Bid Date
Aug 20, 2026
Anchor Price
₹788
Investors
15
Investor
NOMURA TRUST & BANKING CO.LTD.,THE AS THE TRUSTEE OF NOMURA INDIA STOCK MOTHER FUND6,34,505₹50 Cr20.3%
HDFC VALUE FUND2,79,186₹22 Cr8.93%
HDFC CONSUMPTION FUND1,26,901₹10 Cr4.06%
NIPPON INDIA SMALL CAP FUND4,06,087₹32 Cr12.99%
TATA SMALL CAP FUND4,44,144₹35 Cr14.21%
JUPITER INDIA FUND2,52,757₹19.92 Cr8.09%
JUPITER GLOBAL FUND,THE-JUPITER INDIA SELECT1,27,946₹10.08 Cr4.09%
LIONGLOBAL INVESTMENT FUNDS-LIONGLOBAL INDIA FUND63,470₹5 Cr2.03%
EDELWEISS LIFE INSURANCE CO.LTD.1,26,920₹10 Cr4.06%
TRUST MF FLEXI CAP FUND1,27,528₹10.05 Cr4.08%
AUTHUM INVESTMENT & INFRASTRUCTURE LTD.72,991₹5.75 Cr2.34%
BENGAL FINANCE & INVESTMENT PVT.LTD.72,963₹5.75 Cr2.33%
GIRIK MULTICAP GROWTH EQUITY FUND-III72,963₹5.75 Cr2.33%
TURNAROUND OPPORTUNITIES FUND2,53,802₹20 Cr8.12%
SOCIETE GENERALE-ODI63,470₹5 Cr2.03%
NOMURA TRUST & BANKING CO.LTD.,THE AS THE TRUSTEE OF NOMURA INDIA STOCK MOTHER FUND
Shares6,34,505
Amount₹50 Cr
Anchor %20.3%
HDFC VALUE FUND
Shares2,79,186
Amount₹22 Cr
Anchor %8.93%
HDFC CONSUMPTION FUND
Shares1,26,901
Amount₹10 Cr
Anchor %4.06%
NIPPON INDIA SMALL CAP FUND
Shares4,06,087
Amount₹32 Cr
Anchor %12.99%
TATA SMALL CAP FUND
Shares4,44,144
Amount₹35 Cr
Anchor %14.21%
JUPITER INDIA FUND
Shares2,52,757
Amount₹19.92 Cr
Anchor %8.09%
JUPITER GLOBAL FUND,THE-JUPITER INDIA SELECT
Shares1,27,946
Amount₹10.08 Cr
Anchor %4.09%
LIONGLOBAL INVESTMENT FUNDS-LIONGLOBAL INDIA FUND
Shares63,470
Amount₹5 Cr
Anchor %2.03%
EDELWEISS LIFE INSURANCE CO.LTD.
Shares1,26,920
Amount₹10 Cr
Anchor %4.06%
TRUST MF FLEXI CAP FUND
Shares1,27,528
Amount₹10.05 Cr
Anchor %4.08%
AUTHUM INVESTMENT & INFRASTRUCTURE LTD.
Shares72,991
Amount₹5.75 Cr
Anchor %2.34%
BENGAL FINANCE & INVESTMENT PVT.LTD.
Shares72,963
Amount₹5.75 Cr
Anchor %2.33%
GIRIK MULTICAP GROWTH EQUITY FUND-III
Shares72,963
Amount₹5.75 Cr
Anchor %2.33%
TURNAROUND OPPORTUNITIES FUND
Shares2,53,802
Amount₹20 Cr
Anchor %8.12%
SOCIETE GENERALE-ODI
Shares63,470
Amount₹5 Cr
Anchor %2.03%

show_chartGrey Market Premium

GMP Trend (last 7 sessions)
—+47.21%
The GMP has shown a strong upward trend, peaking at ₹395 and settling around ₹372 on the last reported date, indicating robust investor interest.
insightsGMP climbed +₹182 (+95.8%) over 7 sessions, peaking at ₹395 before settling at ₹372 — a +47.21% premium over issue price.
Current
₹372
High
₹395
Low
₹190
Average
₹318.1
Δ Period
+₹182
Market Sentiment
Very strong positive market sentiment

Premium gain of 47.21% over issue price.

grid_viewSubscription Demand

Category Subscription (×)
QIB
2.22×
HNI
35.36×
Retail
14.08×
Overall
15.21×
All Categories
QIB
2.22×
NII
35.36×
S-NII
43.19×
B-NII
31.45×
RII
14.08×
EMP
9.22×

diversity_3Promoters

Mohinidevi Bhawarlal Kothari
Kalawati Prithviraj Kothari
Namita Ketan Kothari
Devkumari Manekchand Kothari
Manakchand Saremal Kothari
Vivek Prithviraj Kothari
Dimple Mukesh Kothari
Dimpal Vivek Kothari

thumb_upKey Strengths

check

Exceptional revenue and PAT growth (CAGR of 83% and 114% respectively over FY24-FY26).

check

Very strong return ratios (ROE > 50%, ROCE > 40%).

check

Conservatively leveraged balance sheet with very low debt-to-equity ratio (0.01).

check

Attractive post-IPO P/E of 20.67x, significantly below the industry average of 56.02x.

check

High promoter holding (81.91% post-IPO) indicating strong commitment.

check

Integrated business model with deep domain knowledge and an established brand in the gold and silver industry.

check

High entry barriers in the core business segments.

check

Strong market sentiment with high GMP (47.21% premium) and robust subscription across NII and Retail categories.

check

Quality institutional anchor investor participation (15 investors including HDFC, Nippon India, Tata Small Cap Fund).

warningRisk Analysis

3
Critical
3
High
2
Moderate
0
Low
gpp_maybe
Involvement of the company, subsidiaries, promoters, directors, KMP, and senior management in various legal and regulatory proceedings (Tax/Regulatory, Criminal, Civil/Arbitration).
Critical
gpp_maybe
Volatility in the market price of gold and silver, which affects demand for products and inventory valuation, impacting financial condition and cash flows.
Critical
gpp_maybe
High dependence on enterprise and international sales (over 95% of revenue), making the company vulnerable to disruptions in these channels.
Critical
warning
Significant working capital requirements for continued operation and growth.
High
warning
Exposure to risks relating to theft, fraud, and cyber theft due to handling of precious metals and reliance on online platforms.
High
warning
Potential for significant disruptions in information technology systems or breaches of data security, given primary business operations through online platforms.
High
error
Dependency on continuous and cost-effective procurement of gold and silver bullion from a limited number of suppliers.
Moderate
error
Need to adhere to stringent quality management processes, with potential operational risks if not met.
Moderate

insightsFuture Outlook

rocket_launchBull Case
Revenue
₹1,50,000 Cr
PAT Margin
0.5%

Successful expansion into consumer business and Tier 2-4 cities, increased international sales, stable gold/silver prices, and resolution of ongoing litigations.

timelineBase Case
Revenue
₹1,20,000 Cr
PAT Margin
0.4%

Continued strong demand in enterprise and international segments, effective management of working capital, and sustained industry growth.

trending_downBear Case
Revenue
₹80,000 Cr
PAT Margin
0.2%

Significant adverse movements in gold/silver prices, increased competition, failure to manage working capital, and negative outcomes from legal proceedings.

auto_awesomeAI Insights

auto_awesome

Positive: Exceptional revenue and PAT growth (CAGR > 80%).

auto_awesome

Concern: Consistently very low EBITDA and PAT margins.

auto_awesome

Listing-gain vs long-term: Strong Apply / Apply.

auto_awesome

Concern: Significant litigation and regulatory risks involving the company and promoters.

On this report