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
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. stated in prospectus. Checked: exchange issue size Rs825 Cr vs derived Rs825 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
The issuer names no comparable listed companies: “There are no listed companies in India or globally that engage in a business similar to that of our Company. Accordingly, it is not possible to provide an industry comparison in relation to our Company. While there are certain listed players in India who primarily serve end-consumer jewellery demand, their business model is fundamentally different in both business model and risk profile from the business model and risk profile of our Company as such listed players: (i) hold their inventory for longer period of time; (ii) form part of the customers segment who procure bullion from refiners and wholesalers like our Company; (iii) do not import doré bars and refine them into pure gold; (iv) do not operate a technology-driven spot bullion exchange with integrated trading and settlement capabilities, and accordingly are not comparable with the business of our Company. In addition, there are no listed players globally who engage in a business similar to that of our Company.”
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). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.