1 week ago
Augmont Enterprises IPO Subscription Reaches 2.74x on Day Two
Augmont Enterprises is selling shares to the public in an IPO.
On the second bidding day, investors placed orders for 2.74 times the shares available.
Non-institutional investors showed the strongest interest.
Retail investors, large institutional investors and employees also placed bids.
The share price range is ₹750 to ₹788.
The company hopes to raise ₹8,250 million if the upper price is reached.
It plans to use much of the new money to buy bullion and manage inventory.
Analysts see growth opportunities but warn that profits are small compared with revenue and precious-metal prices can change quickly.
Augmont Enterprises’ IPO was subscribed 2.74 times overall on the second bidding day, with 2,11,43,029 bids against 77,15,999 shares offered.
The NII category led subscription at 3.97 times, including 5.82 times in the sub-₹10 lakh segment.
Retail investors subscribed 2.79 times, QIBs 1.76 times and employees 1.41 times.
Priced at ₹750–788 per share, the IPO aims to raise ₹8,250 million at the upper band.
Fresh-issue proceeds will primarily support bullion procurement and inventory-management working capital.
- Who
- Augmont Enterprises Limited and investors in its IPO; Anand Rathi Research issued an IPO assessment.
- What
- Augmont Enterprises’ IPO reached 2.74 times subscription on its second bidding day.
- Where
- The articles do not specify a physical location.
- When
- The subscription data was reported for the afternoon of August 21, 2026; the article was published August 24, 2026, and said bidding would remain open through August 25.
- Why
- The IPO seeks to raise funds, primarily for working capital related to bullion procurement and inventory management.
Growth and Investment Case
Risks and Valuation Concerns
Business strengths
Growth and Investment Case
Anand Rathi Research cited Augmont’s strong brand, distribution network and scalable digital ecosystem as positives.
Risks and Valuation Concerns
The company operates in precious metals, exposing it to volatility in bullion prices.
Earnings and valuation
Growth and Investment Case
The brokerage recommended subscribing for the long term and noted valuations of 20.6x P/E and 18.3x EV/EBITDA based on annualised FY26 earnings.
Risks and Valuation Concerns
Anand Rathi Research flagged thin operating margins of 0.4% EBITDA as a key concern despite the company’s reported revenue and PAT growth.
Key facts
- Overall subscription
- 2.74 times as of the afternoon of August 21, 2026
- Shares bid versus offered
- 2,11,43,029 bids against 77,15,999 shares offered
- Price band
- ₹750–788 per share
- Issue size
- ₹8,250 million at the upper price band
- Issue composition
- Fresh issue of ₹6,200 million and offer for sale of ₹2,050 million
- FY26 revenue
- ₹941,862 million, up 42.2% year on year
- FY26 consolidated PAT
- ₹3,483 million, compared with ₹2,272 million in FY25
- Research view
- Anand Rathi Research rated the issue “Subscribe for Long Term”
Sources
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