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
Read from the 549-page prospectus. Indian prospectuses list hundreds of risk factors, most of them generic boilerplate. These are the 14 specific to this company; 566 generic ones were skipped. Every one is quoted verbatim with its page, so you can check it against the document.
the digital gold business does not fall under a specific, comprehensive regulatory framework in India and, accordingly, the business is presently carried on without any sector-specific approvals, registrations or licenses
international sales (representing 92.90%, 95.72% and 95.88% of our revenue from operations for Fiscals 2026, 2025 and 2024, respectively)
our Company cannot access debt financing as a source of funding the working capital facilities in the future for purchase of gold stock-in-trade
Riddisiddhi Bullions Limited, our Group Company and member of our Promoter Group, was one of our largest suppliers and largest customers in certain of the past three Fiscals. In Fiscals 2026, 2025 and 2024, Riddhisiddhi Bullions Limited, as a customer, contributed 27.44%, 11.90% and 7.37%, respectively, to our revenue from operations
Profit for the year margin (%) 0.37% 0.34% 0.22% ... Our business operates on thin operating margins, which are characteristic of the bullion trading and refining industry ... even minor delays or inefficiencies in hedging, operational disruptions, liquidity constraints ... may result in a disproportionate impact on our profitability
Net cash generated from/(used in) operating activities (421.57) ... We will need to generate and sustain increased revenue from operations in the future in order to achieve positive cash flows from operating activities.
In May 2026, the Prime Minister of India publicly urged citizens to refrain from purchasing gold for a period of at least one year to reduce non-essential imports and conserve foreign exchange reserves
Our refining units are located in Rudrapur, Uttarakhand and Mumbai, Maharashtra, and our jewellery manufacturing unit is located in Sitapur SEZ, Jaipur, Rajasthan. Further, 101 of our 'Gold for All' centers are located in the states of Andhra Pradesh, Telangana and Karnataka
Capacity utilization (%)(3) 0.93% 3.14% 8.58% ... 8.53% 7.54% 1.88%
Our Company acquired its Subsidiaries, IFSL, AIL and ATL... The acquisitions were carried out at the face value of each equity share of these Subsidiaries. However, our Company did not obtain valuation reports as may be required and such acquisitions may be regarded as not being fully in compliance with applicable laws.
For our Promoter, Dimple Vivek Kothari, we have obtained an affidavit to evidence her prior work experiences with Anand Rathi and Arvog Forex, and for our Promoter and Senior Management Personnel, Vivek Prithviraj Kothari, we have obtained an affidavit in relation to his educational qualification of bachelor's of commerce from the University of Mumbai. We have relied on their affidavits as the original documents, including relieving letters and degree certificates, or independent third-party verifications were not available.
We enabled the trading of lab grown diamonds on our Augmont SPOT platform in Fiscal 2026 to capitalize on the growing demand for such products. Since we do not have significant experience in this business, it remains unproven in terms of scale, profitability, and long-term viability within our overall portfolio
the Government of India, in May 2026, has recently implemented an increase in import duties on precious metals, from 6% to 15% for gold and silver... The heightened duties are likely to reduce import volumes, raise our procurement cost, constrain working capital, suppress consumer demand for bulk bullion purchases
our top 10 customers accounting for 52.09%, 35.72% and 36.63%, of our revenue from operations for Fiscals 2026, 2025 and 2024, respectively. We do not execute any long-term agreements with any of our customers
Extracted from the issuer’s own prospectus and ranked by how specific and material each risk is to this company. Severity is our assessment of the disclosure, not a prediction — and nothing here is a recommendation to apply to this issue.
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 3 | 8 | 2 | ₹14 Cr |
| Subsidiaries | 2 | 0 | 0 | — |
| Promoters | 1 | 0 | 0 | — |
| Directors | 0 | 0 | 0 | — |
| Group companies | 0 | 0 | 0 | — |
Company vs Union of India – CGST investigation (Jan 2019 search) Criminal Writ Petition No. 1309/2019 before Bombay HC seeking protection from arrest; alleged wrongful ITC of ₹1,141.99 million + wrongful pass-on of ₹1,465.32 million (₹260.73 crore); OIO dropped proceedings in Feb 2025 but writ petition remains pending
Company vs Eskaybee International – execution of Bombay HC decree dated January 9, 2019; ₹364.12 million due as of June 30, 2024 (incl. accrued interest); execution and interim applications pending
Company vs MSTC/SPMCIL/Union of India – Writ Petition No. 2534/2026 before Telangana HC challenging cancellation of e-auction for 906.932 kg refined silver; transaction value ₹182.30 million; ₹17.69 million deposits forfeited; loss claimed ₹106.28 million
Company vs CGST Dehradun – Order-in-Original Dec 29, 2023 confirming ITC demand of ₹66.55 million + interest + ₹6.66 million penalty (₹7.32 crore); Writ Petition (Civil) No. 6323/2024 pending before Delhi HC
Augmont Goldtech (subsidiary) vs Cyber Crime Police (Bandra) / Axis Bank – Bombay HC writ petition against ₹10.84 million blanket debit-freeze of entire settlement account relating to disputed Navi platform transactions; account balance ~₹83.68 million
Document does not include a consolidated SEBI-format summary table; counts and amounts derived from per-party narrative disclosures. Amounts in the document are stated in ₹ million and have been converted to ₹ crore (1 crore = 10 million). Only explicit aggregate amount stated is Company tax: ₹135.10 million (₹13.51 crore). No grand total stated. For the Company, the 3 criminal matters and 2 material civil matters are proceedings filed by the Company; there are no proceedings against the Company. Cyber-fraud FIR (Punjab Cyber Crime) involving ₹36.01 million fraud and ₹13.90 million initially frozen is reflectively addressed in the Eskaybee interim application narrative – FIR adjudication remains pending. ESKAYBEE criminal misc application 600242/2025 (criminal proceedings, no quantified amount) not separately listed as notable due to space.. Outstanding means unresolved — a listed case is an exposure, not a verdict.
What the issuer and the exchanges published. Everything else on this tab is read out of these.
The full prospectus — business, financials, risk factors and litigation.
Which institutions were allotted shares before bidding opened, and how many.
Where physical applications could be submitted.
The issuer's own "basis of issue price": the earnings multiples it is asking for, and the peer companies it chose to compare itself against.
The full prospectus — business, financials, risk factors and litigation.
