Augmont Enterprises IPO
Augmont Enterprises IPO is a mainboard IPO raising ₹825 Cr at ₹750 – ₹788 a share. It listed on 31 Aug 2026 at ₹961, +22.0% against its issue price of ₹788, and trades at ₹918 today (+16.4% since issue). It was subscribed 106× in total.
105.8 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
What this company actually does
Read out of the prospectus’s business section, stripped of its marketing language.
Augmont Enterprises operates an integrated gold and silver platform in India spanning procurement, refining, bullion trading, digital gold, jewellery manufacturing, international sales and gold-loan facilitation. It sells gold and silver bars to businesses (jewellers, bullion dealers, manufacturers) through its electronic 'Augmont SPOT' platform, and serves retail consumers through the 'Augmont Gold For All' platform for buying, selling and storing gold digitally, alongside coins and EMI-based jewellery.
How it earns
Primarily by selling physical gold and silver bars/coins to businesses and consumers, with the margin built into quoted prices (no separate brokerage/terminal fees); additional income from gold ETF trading, jewellery manufacturing for export, refining services and gold-loan technology support.
Who buys
Business customers are jewellers, bullion dealers and manufacturers with valid GST registrations on the Augmont SPOT platform (over 5,223 registered members as of 31 March 2026). Asset management companies are also buyers via gold ETF units. Retail consumers (over 49.62 million registered for digital gold) are served directly and through partner platforms. Named partners include Kalyan Jewellers (over 310 branches), CaratLane (over 130 branches), Muthoot Fincorp (3,700 physical branches carrying investment jewellery), Finkurve (Group Company running 106 Gold-For-All centres), and 218+ partners such as Gullak and Candere.
Scale
Two gold/silver refining units (Rudrapur, Uttarakhand — 144 MTPA; Mumbai, Maharashtra — 140 MTPA), one jewellery manufacturing unit at Sitapur SEZ, Jaipur (13.80 MTPA), 20 spot delivery centres across 13 states, 106 Gold-For-All centres (operated by group company Finkurve), 3,700 Muthoot Fincorp branches stocking investment jewellery, over 5,223 registered SPOT members, over 49.62 million registered digital-gold consumers, and a technology team of 40 personnel — as of 31 March 2026.
What it says sets it apart
- Integrated presence across the gold and silver value chain — procurement, refining (144 MTPA Rudrapur + 140 MTPA Mumbai), bullion trading, digital gold, jewellery manufacturing, international sales and gold-loan facilitation — supported by direct imports through subsidiary Augmont IFSC at GIFT City/IIBX.
- Augmont SPOT electronic OTC bullion platform (live since 2012) with technology-based price discovery that delivers real-time spot prices (typically updating every second), zero brokerage/terminal fees, and 20 spot delivery centres across 13 states (9 owned, 11 franchisee).
- Refining operations accredited by NABL (ISO/IEC 17025:2017), BIS hallmarking licences, India Good Delivery certification, and one of the few Indian refiners authorised to deliver on BSE and MCX exchanges; Company also holds Authorised Economic Operator (AEO) T-2 status.
- Manufacturing unit at Sitapur SEZ, Jaipur with installed capacity of 13.80 MTPA producing gold chains for export markets including Hong Kong, Turkey and the UAE; the unit commenced international sales in Fiscal 2023.
- Large consumer footprint via the Augmont Gold For All platform (54.93 million transactions in Fiscal 2026 with average ticket of ₹548.29) and distribution through 218+ partner platforms and 705 independent financial agents.
Revenue mix
The numbers at a glance
The price they’re asking →derived: cut-off price Rs788 / stated EPS Rs40.45 (FY2026 (year ended March 31, 2026), basic and diluted EPS as per Restated Consolidated Financial Statements). Stated figures are as printed in the prospectus; margins, growth and the borrowing ratio are computed from its own summary table. A multiple is one lens, not a verdict.
The last few years in numbers
From the prospectus’s own summary financial table (restated consolidated). Margins and growth are computed from the stated figures; everything else is as printed.
| Period | Revenue | Profit after tax | PAT margin | Net worth | Borrowings |
|---|---|---|---|---|---|
| FY2026 | ₹94,186 Cr+42% | ₹348 Cr+53% | 0.4% | ₹933 Cr | ₹13 Cr |
| FY2025 | ₹66,231 Cr+90% | ₹227 Cr+199% | 0.3% | ₹415 Cr | ₹22 Cr |
| FY2024 | ₹34,921 Cr | ₹76 Cr | 0.2% | ₹187 Cr | ₹55 Cr |
Where the money goes
The offer →Most of this issue is new shares — the money raised goes to the company, not to exiting shareholders.
How its cohort has done
63 mainboard issues listed in 2026 that we can price today. This is the group this issue belongs to.
Neither figure is a forecast for this issue — they describe what happened to comparable issues. Full cohort analytics →
How the book finished
The category split is the number worth reading, not the total.
QIB: 227× their allocation. Retail: 31×.
What we hold for this issue
Stated up front on every issue, so a sparse page reads as a fact about the source rather than a broken one.
What could go wrong
All 14risks & documents →From the register read out of the issuer’s own prospectus — each item is quoted verbatim with its page on the risks tab.
Led by Nuvama Wealth Management Limited — median −19.1% across the 27 of its issues we can price. All lead managers →
What happens when
Next: the UPI mandate expires on 6 Oct 2026.
What to watch
- The asking multiple is 19.5× earnings, and the issuer names no listed peers to compare it against.
- The register's top risk: Digital gold lacks sector-specific regulatory framework (prospectus page 44).
- Its cohort's record: median +33.9% since issue price, 27% now below it — a base rate, not a forecast.
Each line restates a disclosure from the prospectus or the exchanges — nothing here is a recommendation to apply to this issue.
Track AUGMONT ENTERPRISES LTD
Results, orders, board decisions and every other filing — summarised and sent to your WhatsApp the minute they are out.
Figures are as published by the exchanges and the issuer’s prospectus. MarketPing publishes facts, comparisons and history only — nothing here is a recommendation to apply to this issue, and we do not publish grey market premium.