Augmont appoints Sunny Parekh as Company Secretary effective June 12

1 min read | Published on 31 Aug 2026, 07:58 PM |Updated on 31 Aug 2026, 07:58 PM

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Riya DScanX News Team

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Key Highlights

Sunny Dilip Parekh appointed as Company Secretary and Compliance Officer effective June 12, 2025
Disclosure made under Regulation 6(1) of SEBI Listing Regulations, 2015
Parekh previously served as CS at group company Finkurve Financial Services Limited
He holds a B.Com and M.Com from University of Mumbai affiliates

*this image is generated using AI for illustrative purposes only.

Augmont Enterprises Limited appointed Sunny Dilip Parekh as its Company Secretary and Compliance Officer effective June 12, 2025. The appointment aligns with regulatory requirements under the Companies Act, 2013, and SEBI Listing Regulations.

The firm disclosed the intimation to stock exchanges on August 31, 2026, citing Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Parekh holds ICSI Membership No. ACS32611.

Appointment Details

Parekh brings prior experience from within the Augmont group, having served as Company Secretary and Compliance Officer at Finkurve Financial Services Limited before joining Augmont Enterprises on June 1, 2025. He currently supervises secretarial and compliance functions for the company.

Particulars	Details
Appointee	Sunny Dilip Parekh
Role	Company Secretary and Compliance Officer
Effective Date	June 12, 2025
ICSI Membership	ACS32611
Previous Role	CS & Compliance Officer, Finkurve Financial Services Limited

Qualifications

Parekh holds a Bachelor of Commerce degree in financial accounting and auditing (special) from K.P.B. Hinduja College of Commerce, University of Mumbai. He also holds a Master’s degree in Commerce (external) from the Institute of Distance and Open Learning, University of Mumbai. He has been a member of the Institute of Company Secretaries of India since 2013.

How might Sunny Dilip Parekh's prior experience at Finkurve Financial Services influence Augmont Enterprises' future compliance strategies?

Are there any pending regulatory audits or compliance reviews for Augmont Enterprises that this appointment aims to address?

What specific changes in corporate governance or internal controls does Augmont Enterprises plan to implement under Parekh's leadership?

Augmont Enterprises IPO Day 1: Subscription status, review — here's what you need to know

2 min read | Published on 21 Aug 2026, 11:18 AM |Updated on 25 Aug 2026, 05:30 PM

Reviewed by

Ritika DScanX News Team

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Key Highlights

Augmont Enterprises IPO recorded a total subscription of 2.69x on Day 1.
NII (bHNI) category led with 5.68x subscription, showing strong HNWI interest.
QIB subscription jumped significantly in the last hour to reach 1.76x.
Company revenue grew from ₹34,921.49 crores in FY24 to ₹94,186.21 crores in FY26.
IPO closes on 2026-08-25 with a price band of ₹750.00000 - ₹788.00000.

*this image is generated using AI for illustrative purposes only.

Augmont Enterprises IPO closed on Day 3 with a total subscription of 105.64x. QIB interest surged to 226.96x, while NII (bHNI) reached 126.92x. Retail participation stood at 30.73x. The issue witnessed a dramatic late-day rally, pushing overall demand significantly higher than earlier estimates.

Final Subscription Status

The IPO gained significant momentum in the last hour of trading on Day 3. While the issue was already oversubscribed by 20.46x at 11:15 AM, a late rally pushed the total to 105.64x by close. Below is the day-wise progression:

Day	Date	QIB	NII (bHNI)	NII (sHNI)	Retail	Total
Day 1	21-08-2026	1.76x	5.68x	2.99x	2.73x	2.69x
Day 2	24-08-2026	2.11x	40.61x	29.43x	13.23x	14.28x
Day 3	25-08-2026	226.96x	126.92x	110.45x	30.73x	105.64x

Intra-day timeline on 25-08-2026

Time (IST)	QIB	NII (bHNI)	Retail	Total
11:15	2.39x	56.84x	17.48x	20.46x
12:15	3.16x	68.20x	20.35x	25.19x
13:15	12.91x	79.39x	22.74x	32.54x
14:15	39.29x	91.83x	25.25x	44.79x
15:15	148.81x	102.58x	27.66x	80.17x
16:15	226.96x	109.68x	29.70x	105.07x
17:15	226.96x	110.45x	30.73x	105.64x

Category-wise Breakdown

QIB: 226.96x (Jumped +9396.2% from morning levels)
NII (bHNI): 126.92x
NII (sHNI): 110.45x
Retail: 30.73x
Employees: 21.01x

The QIB category was the clear leader, exploding from 2.39x to 226.96x in the final hours. NII (bHNI) also saw strong growth, rising from 56.84x to 126.92x. Retail participation increased from 17.48x to 30.73x.

About the Company

Augmont Enterprises is an integrated gold and silver platform in India serving businesses and consumers across 24 states. Founded in 2012, it operates through two verticals: enterprise sales via 'Augmont SPOT' and consumer offerings via 'Augmont Gold For All'. Key management includes MD Ketan Bhawarlal Kothari and CEO Mahendra Kumar Nemichand Bafna.

Financial Highlights

The company has shown consistent growth in revenue and profit over the last three years.

Metric	FY 2024	FY 2025	FY 2026
Revenue from Operations (₹ crores)	34921.49	66230.78	94186.21
Total Profit (₹ crores)	75.97	227.19	348.30
Total Equity (₹ crores)	187.21	414.67	932.75

Revenue grew at a CAGR of 64.23%, while profit increased significantly from ₹75.97 crores in FY 2024 to ₹348.30 crores in FY 2026.

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: ₹465.00 crores
General corporate purposes: Funds utilized for general corporate contingencies.

Risk Factors

Gold and Silver Price Volatility Impact: Business exposed to fluctuations in precious metal prices affecting demand and inventory valuation.
Dependence on Online Platforms and IT System Disruptions: 90.00% of revenue comes from online platforms; IT failures could hurt operations.
High Revenue Concentration in Enterprise Sales: 92.90% of revenue derived from enterprise sales via 'Augmont SPOT'.

What's Next

Allotment Date: 2026-08-26
Listing Date: 2026-08-31
Basis of Allotment: Pro-rata basis expected due to high oversubscription.

How might the late surge in QIB subscriptions impact the final listing price premium compared to the IPO price band?

Given the 92.90% revenue concentration in enterprise sales, how vulnerable is Augmont to potential shifts in B2B bullion trading dynamics post-listing?

Will the allocation of ₹465 crores towards working capital and inventory scaling be sufficient to mitigate risks associated with gold and silver price volatility?