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Augmont Enterprises Ltd IPO
Augmont Enterprises Ltd
₹14,250 /19 sharesMinimum investment
IPO details
Minimum investment
₹14,250
Price range
₹750 - ₹788
Lot size
19
Issue size
825 Cr
Face value
5
IPO document
Subscription rate
Data will be available soon
Schedule
21 Aug 2026
IPO open date
25 Aug 2026
IPO close date
27 Aug 2026
Allotment date
27 Aug 2026
Funds unblock or debit
31 Aug 2026
Tentative listing date
About
Founded in
2012
MD/CEO
Mr Mahendrakumar Nemichand Bafna
Parent organisation
Augmont Enterprises Ltd
Augmont Enterprises Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
The company operates across procurement and refining, bullion trading, digital gold, jewellery manufacturing, international sales and gold-backed financial services. This allows it to serve both business customers and consumers through multiple business verticals.
The company’s Augmont SPOT platform has been operational since 2012 and had over 5,223 registered members as of March 31, 2026. The platform provides online trading of gold and silver bars and uses a technology-based mechanism for real-time price discovery.
The company operates two gold and silver refining units in Rudrapur, Uttarakhand, and Mumbai, Maharashtra, with installed capacities of 144 MTPA and 140 MTPA, respectively. It claims that its assaying laboratories are accredited by NABL under ISO/IEC 17025:2017 and that its refining operations are certified under India Good Delivery standards.
The company procures gold and silver from domestic and international banks, imports doré bars and sources scrap gold and silver from individuals, jewellers and jewellery auctions. As of March 31, 2026, it had 20 spot delivery centres across 13 states, of which nine were operated directly and 11 through franchisees.
The company operates Augmont SPOT and Augmont Gold For All, which were developed in-house by a technology team of 40 personnel as of March 31, 2026. The Gold For All platform handled over 54.93 million transactions during FY26, while the SPOT platform provided real-time gold and silver price discovery.
The company has received awards, including Best Bullion Dealer – Gold from the India Bullion and Jewellers Association in 2026 and Leading Gold Refiner (All India) of the Year from the India Gold Conference in 2024. It is also recognised as an Authorised Economic Operator (AEO) T-2 and holds Two Star Export House status.
The company’s revenue from operations increased from Rs 34,921.49 crore in FY24 to Rs 94,186.21 crore in FY26. During the same period, profit for the year increased from Rs 75.97 crore to Rs 348.30 crore, while total borrowings declined from Rs 54.86 crore to Rs 12.67 crore.
The company derives a significant portion of its revenue from its Augmont SPOT and Augmont Gold For All platforms, which together contributed Rs 84,762.62 crore (90.00%), Rs 56,523.26 crore (85.34%), and Rs 32,477.87 crore (93.00%) to its revenue from operations in FY26, FY25, and FY24, respectively. Any significant disruption, cyberattack, data breach, or failure of these platforms could adversely affect the company’s business, reputation, and financial condition.
The company derives a substantial portion of its revenues from enterprise sales through the Augmont SPOT platform, international sales and other sales, which contributed Rs 87,498.98 crore (92.90%), Rs 63,395.82 crore (95.72%) and Rs 33,482.03 crore (95.88%) to its revenue from operations in FY26, FY25 and FY24, respectively. Any decline in demand for gold and silver bullion or jewellery, adverse movements in precious metal prices, changes in consumer preferences or regulatory developments could adversely affect the company’s business, results of operations and financial condition.
The company is dependent on the continuous procurement of gold and silver bullion, with its top 10 suppliers accounting for Rs 69,493.02 crore (74.18%), Rs 42,865.23 crore (64.94%) and Rs 21,959.95 crore (63.26%) of total materials procured in FY26, FY25 and FY24, respectively. Failure by these suppliers to maintain supplies, an increase in procurement costs, or disruptions arising from changes in import duties, sanctions, export controls or supply chain constraints could adversely affect the company’s business, results of operations and financial condition.
The company depends on a limited number of customers for a significant portion of its revenue, with its top 10 customers contributing Rs 49,058.72 crore (52.09%), Rs 23,657.21 crore (35.72%) and Rs 12,790.49 crore (36.63%) to revenue from operations in FY26, FY25 and FY24, respectively. The company does not enter into long-term agreements with its customers, and any failure to retain these customers or procure new orders could adversely affect its business, results of operations and financial condition.
The company, its subsidiaries, promoters, group companies, directors, key managerial personnel and senior management personnel are involved in certain ongoing legal and regulatory proceedings before various courts, tribunals and other authorities. Any adverse decision in these proceedings could adversely affect the company’s business, financial condition, cash flows and results of operations, while also requiring management time and financial resources for their defence or prosecution.
The company’s promoter group entity, Riddisiddhi Bullions Limited, was previously restrained by SEBI from buying, selling or dealing in securities markets between August 20, 2015, and April 5, 2018, in connection with trading in illiquid stock options. Although the company was not a party to the restraining order, it voluntarily paid Rs 0.54 crore under SEBI’s Settlement Scheme in October 2020, and any recurrence of similar regulatory matters involving promoter group entities could adversely affect the company’s reputation and business.
The company depends on third-party logistics providers for the secure and timely delivery of its high-value gold, silver and jewellery products. It engaged eight such providers in FY26 and FY25 and five in FY24, while incurring logistics expenses of Rs 6.62 crore, Rs 9.61 crore and Rs 6.88 crore, respectively. Any disruption, termination or non-renewal of these arrangements, increase in freight charges, or theft, tampering or loss of precious metals during transit could hurt the company’s business, margins, financial condition and reputation.
The company generates revenue from international markets, with sales to customers outside India contributing Rs 5,701.49 crore (6.05%), Rs 8,052.17 crore (12.16%) and Rs 1,630.98 crore (4.67%) to its revenue from operations in FY26, FY25 and FY24, respectively. Any adverse political, economic, tax or regulatory developments, changes in trade restrictions, currency fluctuations or disruptions to international logistics in these markets could adversely affect the company’s business, results of operations, cash flows and financial condition.
The company had contingent liabilities of Rs 15.05 crore as of March 31, 2026, including disputed tax liabilities, customs-related disputes, GST matters, environmental compliance guarantees and balances attached by a bank in connection with an alleged cyber incident involving a third party. If any of these contingent liabilities materialise or increase in the future, it could hurt the company’s results of operations and financial condition.
The company recorded negative cash flow from operating activities of Rs 42.16 crore in FY26, primarily due to an increase in trade receivables, a decrease in other current financial liabilities and higher taxes paid (net of refund). It also recorded negative cash flows from investing activities of Rs 51.27 crore in FY26 and negative cash flows from financing activities of Rs 47.01 crore and Rs 159.86 crore in FY25 and FY24, respectively. Continued negative cash flows could strain the company’s liquidity and its ability to meet working capital requirements and repay loans without relying on external financing.
As of June 30, 2026, the company and its subsidiaries had outstanding borrowings of Rs 19.66 crore. Any inability to service or repay these borrowings could adversely affect the company’s financial condition and cash flows.
Application details
For Augmont Enterprises IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹750 - ₹788 | Upto ₹2 Lakhs | 19 |
| High Networth Individual | ₹750 - ₹788 | ₹2 - ₹5 Lakhs | 19 |
About
Objectives of Augmont Enterprises IPO Proceeds
|
Particulars |
Estimated Amount (in ₹ Cr.) |
|
Funding future working capital requirements towards procurement, maintenance and scaling up of inventory and funding advance margin requirements for procurement of inventory by the company |
465.00 |
|
General corporate purposes |
[.] |
|
Total |
[.] |
Book Running Lead Manager & Registrar of Augmont Enterprises IPO
|
Book Running Lead Manager |
Nuvama Wealth Management Limited, Intensive Fiscal Services Private Limited, JM Financial Limited and Motilal Oswal Investment Advisors Limited |
|
Registrar to the Issue |
MUFG Intime India Private Limited |
Key Performance Indicators (KPIs) of Augmont Enterprises Ltd.
|
KPI |
Value (for the fiscal year ended March 31, 2026) |
|
ROE (%) |
51.04 |
|
ROCE (%) |
40.27 |
|
EBITDA Margin (%) |
0.41 |
|
Debt to Equity Ratio |
0.01 |
|
PAT Margin (%) |
0.37 |
|
Return on Net Worth (RoNW) (%) |
49.52 |
|
Net Asset Value (NAV) per Equity Share (₹) |
111.00 |
|
EPS (Pre-IPO) (₹) |
41.71 |
Augmont Enterprises IPO Contact Details
|
Company Name |
Augmont Enterprises Limited |
|
Registered Office |
201 A/B and 203, 2nd Floor, Trade World, D Wing Kamala Mills Compound, S.B. Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India |
|
Phone |
+91 22 6124 5555 |
|
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Website |
Augmont Enterprises IPO Registrar Contact Details
|
Company Name |
MUFG Intime India Private Limited |
|
Phone |
+91 810 811 4949 |
|
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Website |