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Augmont Enterprises

· NSE upcoming
Opens in 2 days · 21 Aug 2026
₹232
GMP* · 19 Aug, 06:20 pm
Price Band
₹750 – ₹788
Issue Size
₹825 Cr
1 lot at upper band
₹14,972
Lot Size
19
Open
21 Aug 2026
Close
25 Aug 2026
Allotment
—
Listing
31 Aug 2026

Scheduled dates

  1. Open
    21 Aug 2026
  2. Close
    25 Aug 2026
  3. Refund
    27 Aug 2026
  4. Demat credit
    27 Aug 2026
  5. Listing
    31 Aug 2026

GMP Trend*

Daily grey market premium (₹). Unofficial.

Latest GMP: ₹232 2 sessions

Subscription (times)

Latest per-category subscription.

Bidding hasn't opened yet — subscription starts once the issue opens.

About Augmont Enterprises

The company is an integrated gold and silver platform in India serving businesses and consumers, with a presence across 24 states. The company's operations span across multiple segments of the gold and silver value chain including procurement and refining, bullion trading, digital gold offerings, jewellery manufacturing, international sales and facilitating gold-backed financial services. The company operates in two business verticals through distinct online platforms: enterprise sales through the 'Augmont SPOT' platform and international sales; and consumer-focused offerings delivered through the 'Augmont Gold For All' platform and offline channels.

www.augmont.com ↗

Strengths

  • Deep domain knowledge of the gold and silver industry with an integrated model and a well-established brand
    The company has accumulated deep domain knowledge through several years of operations, building an integrated business model spanning procurement, refining, bullion trading, digital gold offerings, jewellery manufacturing, international sales and gold-backed financial services.
  • Diversified business model with synergies in operations
    The company operates across multiple segments of the gold and silver value chain through two business verticals: enterprise sales (₹817,505.69 million revenue in Fiscal 2026) and consumer-focused offerings, creating operational synergies and capital efficiency.
  • Efficient procurement operations and a wide distribution network
    The company has established efficient procurement from multiple sources including Indian and international banks, with 20 spot delivery centers across 13 states and served over 49.62 million registered consumers as of March 31, 2026.
  • Scalable technology enabled ecosystem with robust price discovery mechanism
    The company has developed scalable online platforms 'Augmont SPOT' and 'Augmont Gold For All' with a 40-person technology team, handling 54,934,891 transactions on the consumer platform in Fiscal 2026.
  • Track record of improved profit after tax
    The company demonstrated consistent financial growth with profit increasing from ₹759.66 million in Fiscal 2024 to ₹3,483.00 million in Fiscal 2026 at a CAGR of 114.12%, and revenue growing at 64.23% CAGR.
  • Experienced Promoter and senior management team
    The company is led by experienced management with Promoter Ketan Bhawarlal Kothari having over 13 years of experience and recognition in the elite 40 under 40 Club of Achievers 2020 by BW Businessworld.

Risk Factors

  • Dependence on Online Platforms and IT System Disruptions
    The company primarily conducts business through two online platforms 'Augmont SPOT' and 'Augmont Gold For All', which generated 90.00% of revenue from operations in Fiscal 2026. Any significant disruptions in information technology systems or data security breaches could adversely affect business operations and reputation.
  • Gold and Silver Price Volatility Impact
    The company's business is significantly exposed to fluctuations in gold and silver prices, which can materially impact both demand for products and inventory valuation. Price volatility affects customer purchasing behavior and can result in mark-to-market losses or inventory write-downs during adverse price movements.
  • High Revenue Concentration in Enterprise Sales
    The company derives 92.90% of revenue from operations from enterprise sales through the 'Augmont SPOT' platform and international sales in Fiscal 2026. This high concentration exposes the company to significant risks from changes in consumer preferences, macroeconomic conditions, or regulatory developments affecting bullion demand.
  • Dependence on Continuous Bullion Procurement
    The company's business depends on continuous and cost-effective procurement of gold and silver bullion from domestic and international sources. Countries or regions from which the company imports may become subject to sanctions, import duties, or export controls, potentially disrupting supply chains and increasing procurement costs.
  • Customer Concentration Risk
    The company depends on key customers for significant revenue, with top 10 customers accounting for 52.09% of revenue from operations in Fiscal 2026. The company does not execute long-term agreements with customers, and any inability to procure new orders or diversify the customer base could adversely affect business performance.
  • Regulatory Compliance and Licensing Requirements
    The company operates in a highly regulated industry requiring numerous approvals, registrations, and licenses from various authorities. Failure to comply with applicable regulations or maintain required licenses could result in penalties, suspension of operations, or loss of accreditation.
  • Restriction on Debt Financing for Gold Purchases
    RBI regulations prohibit banks and NBFCs from granting loans for purchasing gold in any form. This restricts the company's ability to access debt financing for working capital requirements, potentially limiting timely funding for raw material procurement and increasing dependence on alternative funding sources.
  • Hedging Strategy and Execution Risks
    The company engages in hedging activities to mitigate precious metals price volatility. Inadequate or improperly structured hedging mechanisms, execution errors, or adverse market movements may result in significant financial losses and expose the company to counterparty and systemic risks.
  • Working Capital Requirements and Thin Operating Margins
    The company requires sizeable working capital for operations and operates on thin operating margins. Even minor disruptions in hedging, liquidity constraints, or execution mismatches may result in disproportionate impact on profitability, given the high-volume, low-margin business model.
  • Digital Gold Business Regulatory Uncertainty
    The company's Material Subsidiary operates a digital gold business that currently falls outside specific regulatory frameworks. Future regulatory regimes may require obtaining approvals, registrations, or licenses and compliance with additional conditions, potentially requiring significant changes to the operating model.

Objects of the Issue

  • Funding future working capital requirements towards procurement, maintenance and scaling up of inventory and funding advance margin requirements for procurement of inventory
    The company proposes to utilize funds for advance margin payments to suppliers on rolling basis, working capital requirements for procurement of dor� bars and scrap gold, and scaling up of bullion inventory to support business expansion into Tier 3 and Tier 4 cities.
    465.00 crores
  • General corporate purposes
    The company proposes to utilize funds for meeting ongoing general corporate contingencies and exigencies, employee expenses, brand building and marketing expenses, and other purposes as approved by the Board from time to time.

Financial Snapshot

Annual values as reported in the offer document.

Year endRevenueRev. growthProfitProfit growthAssetsEquityOperating cash flow
31/03/202694282.47+42.3%348.30+53.3%1256.98932.75-42.16
31/03/202566252.05+89.6%227.19+199.1%1857.31414.67105.45
31/03/202434948.90—75.97—760.29187.2196.74
Units: crores

Issue Details

Face Value
₹5
P/E
18.89
ROCE
70.10%
Shares / Lot
19
Minimum Bid
19 shares
Refund
27 Aug 2026
Credit to Demat
27 Aug 2026
ISIN
INE16W401027
CIN
U74120MH2012PLC237346
Registrar
MUFG Intime India Pvt.Ltd.
Lead Managers
Nuvama Wealth Management Ltd.
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
RHP ↗DRHP ↗

Management

Ketan Bhawarlal KothariMD
Mahendra Kumar Nemichand BafnaCEO
Sachin G. KothariCFO
Amitkumar Amritlal SolankiCOO
Suhas Narayan SahakariCTO
Raghupathi Narayanarao CavaleVP of Marketing
Nishant Tolchand RankaVP of Sales
Minal Bharat KhonaDirector of HR
Spardha Sushil SharmaDirector of Operations
Sunny Dilip ParekhDirector
Vivek Prithviraj KothariDirector
Bishon Bihari SinghDirector
Tejas Narendra LangaliaDirector
Bhani Rohit DemblaDirector
Aaskaran SinghDirector
Viral Mahesh JainDirector
Mukesh Kumar ParmarDirector

* Grey Market Premium is unofficial, indicative data from unregulated grey-market dealers. It is not published by NSE, BSE, SEBI or the issuer, and is not a forecast of the listing price.