Augmont Enterprises Limited IPO — the disclosed details
Closed
Augmont Enterprises Limited is running a mainboard IPO on BSE and NSE, open for bidding from Friday, August 21 to Tuesday, August 25, 2026, restated from the Red Herring Prospectus dated August 17, 2026. The price band floor and lot size are not confirmed in either primary document and are marked as reported.
This issue's bidding window has closed. What follows is the record of what was disclosed while the offer was open. It is not updated after the close, and it is not a view on the company or on how the shares have traded since.
Augmont Enterprises Limited is running a mainboard IPO on BSE and NSE, open for bidding from Friday, August 21 to Tuesday, August 25, 2026. This page restates what the company has disclosed in its Red Herring Prospectus dated August 17, 2026, its SEBI-hosted Abridged Prospectus, and its August 20, 2026 anchor-allocation letter to BSE and NSE, and nothing more. The Price Band Floor and the Minimum Bid Lot are not confirmed in either primary document as of this writing and are marked as reported below. If the vocabulary is new — DRHP, price band, buckets, allotment — read how an Indian IPO actually works first.
What the company does
Augmont Enterprises Limited is an integrated gold and silver platform in India, serving both businesses and consumers, with a presence across 24 states as of March 31, 2026, per the RHP. It was originally incorporated on October 31, 2012 as RSBL Spot Trading Private Limited and was founded by the Kothari family.
The company operates across the bullion value chain: procurement and refining, through its own refineries at Rudrapur, Uttarakhand and Mumbai, Maharashtra; bullion trading; digital gold; jewellery manufacturing; international sales; and technology support for gold-backed financial services. Two platforms carry the business, per the RHP. Augmont SPOT is the B2B, delivery-based bullion-trading platform, run through 20 spot delivery centres across 13 states. Augmont Gold For All is the consumer-facing platform for digital and physical gold and silver.
What the money is for
The Offer has two parts. The Fresh Issue of up to Rs 620.00 crore raises new money for the Company. The Offer for Sale of up to Rs 205.00 crore is existing shares sold entirely by three Promoter Selling Shareholders — the Company receives none of that money; it goes to the selling shareholders themselves.
The RHP states the net proceeds of the Fresh Issue are for:
| Object of the fresh issue | Amount, as filed |
|---|---|
| Funding future working capital requirements — procurement, maintenance and scaling up of inventory, and advance margin requirements for procurement of inventory | Rs 465.00 crore (Rs 4,650.00 million) |
| General corporate purposes | Balance of Net Proceeds; amount to be finalised on determination of the Offer Price, capped at not more than 25% of Gross Proceeds, per Regulation 7(2) of the SEBI ICDR Regulations |
The selling shareholders in the Offer for Sale, all Promoters:
| Selling shareholder | Offer for sale, up to |
|---|---|
| Namita Ketan Kothari (Promoter) | Rs 69.40 crore (Rs 694.00 million) |
| Vivek Prithviraj Kothari (Promoter) | Rs 69.40 crore (Rs 694.00 million) |
| Dimple Mukesh Kothari (Promoter) | Rs 66.20 crore (Rs 662.00 million) |
| Total Offer for Sale | Rs 205.00 crore (Rs 2,050.00 million) |
Each seller’s weighted average cost of acquisition (WACA) is separately certified at Rs 1.86 per share, per the RHP’s Capital Structure chapter. Only 3 of the Company’s 9 named Promoters are selling in this Offer.
What the RHP flags as risks
These are the Company’s own risk factors, from the risk-factor section of the RHP, restated without added adjectives:
- The business runs almost entirely through two Company-owned-and-operated online platforms — Augmont SPOT and Augmont Gold For All — which the RHP flags for exposure to IT-systems disruption and data-security breaches.
- Continuous, cost-effective procurement of gold and silver bullion is required for the business to function. Risk factor 4, as filed: “Our business is dependent on the continuous and cost-effective procurement of gold and silver bullion.”
- Operating margins are structurally thin. FY2026 EBITDA margin was 0.41% of revenue, per the RHP’s Restated Financial Statements — the RHP attributes this to the business being driven by transaction volume and scale in bullion trading rather than by per-unit economics.
- The Company cannot access debt financing for its working-capital needs in the ordinary course, despite requiring sizeable working capital. Risk factor 9, as filed: “We cannot access debt financing to finance our working capital requirements.”
- Revenue and working-capital requirements are sensitive to gold and silver price movements, including LBMA pricing, USD volatility and import duty, per risk factor 29 and related disclosures elsewhere in the RHP.
- The Company depends on a concentrated set of key customers. Risk factor 7, as filed: the top 10 customers accounted for 52.09%, 35.72% and 36.63% of revenue in the three fiscal years disclosed.
The numbers as filed
| Item | As filed |
|---|---|
| Issue size | Up to Rs 825.00 crore (Rs 8,250.00 million) — Fresh Issue up to Rs 620.00 crore plus Offer for Sale up to Rs 205.00 crore; includes an Employee Reservation Portion of up to Rs 4.00 crore (Rs 40.00 million) |
| Fresh issue | Up to Rs 620.00 crore (Rs 6,200.00 million) |
| Offer for sale | Up to Rs 205.00 crore (Rs 2,050.00 million), by three Promoter Selling Shareholders |
| Face value | Rs 5 per Equity Share |
| Price band | Rs 750 (floor) to Rs 788 (cap) per Equity Share, floor as reported |
| Lot size | 19 Equity Shares, as reported |
| Minimum investment | Rs 14,972 for one lot (19 shares) at the confirmed Rs 788 cap price |
The RHP and the SEBI-hosted Abridged Prospectus both still show a blank (“[]”) field for Price Band and Minimum Bid Lot as of their August 17, 2026 filing date. The Rs 788 cap price is confirmed directly from the Company’s August 20, 2026 anchor-allocation letter to BSE and NSE. The Rs 750 floor and the 19-share lot are as reported by secondary coverage (Outlook Business and Business Today, both August 18, 2026); the underlying Price Band Advertisement was not located as a fetchable primary document. The minimum investment above uses the confirmed Rs 788 cap price and the as-reported 19-share lot.
From the Restated Consolidated Financial Statements:
| Fiscal 2024 | Fiscal 2025 | Fiscal 2026 | |
|---|---|---|---|
| Revenue from operations (Rs million) | 3,49,214.93 | 6,62,307.79 | 9,41,862.12 |
| Revenue growth, year on year | — | +89.66% | +42.21% |
| EBITDA (Rs million) | 1,039.19 | 3,040.88 | 3,859.50 |
| EBITDA margin | 0.30% | 0.46% | 0.41% |
| Profit for the year (Rs million) | 759.66 | 2,271.88 | 3,483.00 |
The RHP’s KPI table states FY2026 Total Equity of Rs 9,327.54 million, total borrowings of Rs 126.72 million (Debt/Equity 0.01x), Return on Equity of 51.04%, and Return on Capital Employed of 40.27%; these four metrics are not restated for FY2024 or FY2025 in the same table.
Who can actually sell on listing day
On listing day, most of Augmont Enterprises’ share register is not allowed to trade.
The RHP’s Capital Structure chapter states four locked buckets, all running from the date of Allotment:
| Who | Locked for, per this RHP |
|---|---|
| Minimum Promoters’ Contribution — 20% of the fully diluted post-Offer Equity Share capital | 18 months, per Regulations 14 and 16(1) of the SEBI ICDR Regulations, 2018 (RHP Capital Structure, item 13(a)). The exact share count is “Subject to finalisation of Basis of Allotment,” per the RHP |
| Promoters’ shareholding in excess of that 20% minimum | 6 months (RHP item 13(a)) |
| All other pre-Offer Equity Share capital held by persons other than Promoters | 6 months, under Regulation 17 (RHP item 14). Excludes shares sold in the Offer for Sale, shares allotted to employees under the ESOP, and any shares held by a VCF, Category I AIF, Category II AIF or FVCI — the RHP states none of its Equity Shares are currently held by any such fund |
| Anchor Investors | 90 days on 50% of Anchor shares; 30 days on the remaining 50% (RHP item 15) |
The RHP ties none of these lock-ins to a capital-expenditure milestone — this Offer’s only objects are working capital and general corporate purposes, not capex.
The anchor book is allotted. On August 20, 2026, the Company’s IPO Committee allocated shares to 15 anchor investors at the Anchor Investor Allocation Price of Rs 788 per Equity Share — the cap of the price band — led by four domestic mutual-fund houses (HDFC, Nippon India, Tata and TRUSTMF, across five schemes) and Edelweiss Life Insurance Company, per the Company’s letter to BSE and NSE dated the same day. That allocation is one share short of the maximum the Offer Structure permits for Anchor Investors — 60% of the QIB Portion — which corroborates the letter’s figures.
The count at the confirmed Rs 788 cap price:
| Step | Shares | % of post-issue capital |
|---|---|---|
| Fresh issue | 78,68,020 | 8.61% |
| Offer for Sale | 26,01,521 | 2.85% |
| Total offer | 1,04,69,541 | 11.46% |
| Less: anchor allotment, locked 30/90 days | −31,25,633 | −3.42% |
| = Sellable on listing day | 73,43,908 | 8.04% |
| Locked or not offered — the rest of the register | 8,40,29,598 | 91.96% |
| Post-issue capital | 9,13,73,506 | 100.00% |
The table assumes the Offer is fully subscribed at the Rs 788 cap price. Every lock-in clock in the buckets above runs from the date of Allotment, not from listing day itself.
A lock-in is not a forecast of anything — it is a restriction on selling; it says who may trade, not what the price will do.
Figures are from the RHP’s Capital Structure chapter (items 13(a), 14 and 15), the Offer Structure table, and the Company’s anchor-allocation letter to BSE and NSE dated August 20, 2026, as of 23 August 2026.
Dates and mechanics
| Event | Date |
|---|---|
| Anchor Investor Bid/Offer Period | Thursday, August 20, 2026 |
| Bid/Offer opens | Friday, August 21, 2026 |
| Bid/Offer closes | Tuesday, August 25, 2026 (UPI mandate confirmation until 5:00 pm) |
| Basis of Allotment | On or about Thursday, August 27, 2026 (indicative) |
| Credit of shares to demat accounts | On or about Friday, August 28, 2026 (indicative) |
| Commencement of trading | On or about Monday, August 31, 2026 (indicative) |
The Offer is a mainboard, 100% Book Built Offer under Regulation 6(1) of the SEBI ICDR Regulations, 2018, proposed to list on both BSE and NSE.
| Bucket | Share of the Net Offer, as filed |
|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 50% — cap 52,09,390 Equity Shares |
| Non-Institutional Investors (NII) | Not less than 15% — floor 15,62,817 Equity Shares |
| Retail Individual Investors (RII) | Not less than 35% — floor 36,46,573 Equity Shares |
QIB, NII and Retail sum to exactly 1,04,18,780 Equity Shares — the Net Offer, which is the Offer less the Employee Reservation Portion.
Book Running Lead Managers: Nuvama Wealth Management Limited, Intensive Fiscal Services Private Limited, JM Financial Limited and Motilal Oswal Investment Advisors Limited. Registrar: MUFG Intime India Private Limited (formerly Link Intime India Private Limited).
Information as of 23 Aug 2026, taken from the offer documents and pages linked below. This is not an IPO review and no subscribe/avoid rating is given. Figures move through the issue lifecycle — check the filed documents before acting on any of them. Grey-market premium is an unofficial, unregulated price with no exchange record, and is not referenced here as information. Where the standing notice below refers to hypothetical figures, that covers the illustrative worked examples used in the options posts on this site — every number on this page is reproduced from the filed documents cited above.
This post is for educational purposes only and does not constitute investment advice or a recommendation to buy or sell any security or derivative contract. The author is not a SEBI-registered Research Analyst or Investment Adviser. Futures and options trading carries a high risk of loss and is not suitable for every investor — you can lose your entire premium, and more when selling naked. All figures and examples in this post, including the rupee premiums and price levels, are hypothetical and used only to illustrate the framework; they are not predictions, return promises, performance claims, or a recommendation to trade any specific instrument. Lot sizes and premiums change over time — always check current exchange data before trading. Please consult a SEBI-registered investment adviser before making any investment decisions.
Sources
- Red Herring Prospectus (signed), dated August 17, 2026 — Augmont Enterprises Limited →
- Abridged Prospectus, dated August 17, 2026 (SEBI-hosted) — Augmont Enterprises Limited →
- Company letter to BSE & NSE Listing Depts finalising Anchor Investor allocation, dated August 20, 2026 (signed, CS Sunny Dilip Parekh) →
- Draft Red Herring Prospectus, dated September 30, 2025 (NSE-hosted) — used only to verify DRHP-to-RHP revision, not for current facts →
- Outlook Business — "Augmont Enterprises To Launch ₹825-Cr IPO On Aug 21; Price Band Set At ₹750-788" (Aug 18, 2026) →
- Business Today — "Augmont Enterprises IPO to open on August 21; check price band, issue size..." (Aug 18, 2026) →
Common questions
How does IPO allotment work?
Applications are matched against the minimum lot size within each investor category (retail, HNI, QIB). In the retail category every applicant is first considered for one minimum lot: when the retail portion has enough shares to give every retail applicant one lot, everyone gets at least one and the surplus goes proportionately to those who bid more. Only when there aren't enough shares for one lot each is a computerised draw of lots used to pick who gets that single lot — and then each successful applicant gets exactly one lot, however many they bid for. It is never first-come-first-served, so applying early doesn't improve the odds.
What does the anchor investor lock-in mean?
Anchor investors (institutions allotted shares a day before the issue opens) are locked in and can't sell for a fixed period — and the clock runs from the date of Allotment, not from listing. Under the SEBI ICDR Regulations, 50% of the anchor shares are locked for 90 days from Allotment and the remaining 50% for 30 days from Allotment. It restricts anchors only; it says nothing about how retail-held shares will trade.
When do I get my money back if I'm not allotted?
Under ASBA, your bank only blocks the funds in your account — it's never debited until allotment. If you get no shares (or only a partial allotment), the block is released without any separate refund step: SEBI requires your bank (the SCSB) to complete the unblock by the close of banking hours on the working day after the basis of allotment is finalised — under the T+3 timeline, the day before the shares list. If it takes longer than that, SEBI's compensation policy provides ₹100 per day or 15% per annum of the application amount, whichever is higher — but it is complaint-triggered, so you have to raise it with your bank or the issue's lead manager to claim it.
What is ASBA / the UPI mandate?
ASBA (Application Supported by Blocked Amount) blocks the bid amount in your bank account instead of debiting it upfront. Retail investors bidding through UPI approve a mandate request in their UPI app, which blocks the funds — the money leaves your account only if shares are actually allotted.
The rest of the site
This page is a record of what was filed and published, and it stops there. The rest of the site is about the part that comes after you own something — how much of it to own, how to write the decision down, and how to grade it later.
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