Augmont Enterprises Ltd. has filed its preliminary papers with the Securities and Exchange Board of India (SEBI) to raise funds via an initial public offering (IPO). The public offer will include a mix of fresh issues of shares worth Rs 620 crore and an offer-for-sale of up to Rs 180 crore by promoter selling shareholders.
About the Company
Augmont Enterprises operates 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’s refining operations are supported by two facilities in Rudrapur and Mumbai, with a combined capacity of 284 MTPA.
Business Segments
The company’s business can be broadly classified into the following segments:
- Procurement and refining: Augmont Enterprises procures gold and silver from various sources, including mines, refineries, and scrap dealers. The company then refines the metal to produce high-purity gold and silver bars.
- Bullion trading: The company trades in gold and silver bars, coins, and other bullion products. It sells these products to jewellers, bullion dealers, and manufacturers through its ‘Augmont SPOT’ platform.
- Digital gold offerings: Augmont Enterprises offers digital gold products, allowing customers to buy, sell, and store gold in a digital format.
- Jewellery manufacturing: The company manufactures gold and silver jewellery, which is sold in international markets such as Hong Kong, Turkey, and the UAE.
Financial Performance
The company’s revenue from operations in fiscal 2025 rose 89.7% to Rs 66,230.78 crore, compared to Rs 34,921.49 crore in the previous year. The profit for the financial year 2025 nearly tripled to Rs 227.19 crore from Rs 75.97 crore reported in the financial year ended March 2024.
IPO Details
The IPO will consist of a fresh issue of shares worth Rs 620 crore and an offer-for-sale of up to Rs 180 crore by promoter selling shareholders. The equity shares are proposed to be listed on the National Stock Exchange of India Ltd and BSE Ltd. The company, in consultation with the book-running lead managers, may consider an issue of equity shares aggregating up to Rs 124 crore as a pre-IPO placement.
Use of Proceeds
The proceeds from the fresh issue worth Rs 465 crore will be used to fund future working capital requirements towards procurement, maintenance, and scaling up of inventory, as well as to fund advance margin requirements for procurement of inventory.
Book Running Lead Managers
Nuvama Wealth Management Ltd., Intensive Fiscal Services Pvt., JM Financial Ltd., and Motilal Oswal Investment Advisors Ltd. are the book-running lead managers for the issue, while MUFG Intime India Pvt. will be the registrar of the issue.
Conclusion
Augmont Enterprises’ IPO is an opportunity for investors to participate in the growth of the gold and silver industry. With a strong financial performance and a diversified business model, the company is well-positioned to capitalize on the growing demand for gold and silver products in India and internationally. As the IPO market continues to evolve, it will be interesting to see how Augmont Enterprises’ public offering is received by investors.
For more information on the IPO, including the SEBI filing and other details, please visit the company’s website or consult with a financial advisor.
In addition to Augmont Enterprises’ IPO, there are several other BSE and NSE listed companies that are planning to raise funds through public offerings. Investors can stay updated on these developments by following moneycontrol or other financial news websites.
