NewsAugmont Enterprises IPO Day 2 Live: Total jumps to 8.01x; NII leads at 21.29x - Check detailsAugmont Enterprises IPO Day 2 Live: Total jumps to 8.01x; NII leads at 21.29x - Check details
- Augmont Enterprises IPO total subscription jumped to 8.01x by end of Day 2.
- NII (sHNI) category led with 21.29x subscription, followed by Retail at 7.73x.
- QIB subscription stood at 1.83x, slightly up from Day 1's 1.76x.
- The issue is fully subscribed with strong momentum from individual investors.
*this image is generated using AI for illustrative purposes only.
Augmont Enterprises IPO surged to 8.01x by the end of Day 2, up from 5.68x on Day 1. The issue is fully subscribed, with Non-Institutional Investors (NII) leading the charge at 21.29x for small HNIs.
Subscription Status
The IPO saw significant momentum on Day 2, with the total subscription jumping from 2.69x on Day 1 to 8.01x. Small HNI investors were the most enthusiastic category, booking over 21 times their quota.
| Category | Day 1 (21-08-2026) | Day 2 (24-08-2026) |
|---|---|---|
| QIB | 1.76x | 1.83x |
| NII (bHNI) | 5.68x | 14.87x |
| NII (sHNI) | 2.99x | 21.29x |
| Retail | 2.73x | 7.73x |
| Total | 2.69x | 8.01x |
Intra-day Timeline (24-08-2026)
| Time (IST) | QIB | NII (bHNI) | Retail | Total |
|---|---|---|---|---|
| 11:15 | 1.78x | 14.55x | 5.57x | 5.68x |
| 12:15 | 1.83x | 21.29x | 7.73x | 8.01x |
About the Company
Augmont Enterprises is an integrated gold and silver platform in India, operating across 24 states. Founded in 2012, the company serves businesses and consumers through two main verticals: enterprise sales via 'Augmont SPOT' and consumer offerings via 'Augmont Gold For All'. Its operations span procurement, refining, bullion trading, digital gold, jewellery manufacturing, and international sales.
Financial Highlights
The company has shown consistent growth in revenue and profit over the last three years.
| Particulars | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Revenue from Operations (₹ crores) | 34,921.49 | 66,230.78 | 94,186.21 |
| 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 at a CAGR of 114.12% from FY 2024 to FY 2026.
Objects of the Issue
- ₹465.00 crores: Funding future working capital requirements towards procurement, maintenance, and scaling up of inventory, including advance margin payments.
- General corporate purposes: Meeting ongoing contingencies, employee expenses, brand building, and marketing expenses.
Risk Factors
- Gold and Silver Price Volatility: Fluctuations in precious metal prices can impact demand and inventory valuation.
- High Revenue Concentration: 92.90% of revenue comes from enterprise sales through 'Augmont SPOT'.
- Customer Concentration: Top 10 customers accounted for 52.09% of revenue in Fiscal 2026.
Key Dates
- IPO Open Date: 2026-08-21
- IPO Close Date: 2026-08-25
- Allotment Date: 2026-08-26
- Listing Date: 2026-08-31
How might the heavy reliance on enterprise sales (92.9% of revenue) impact Augmont's ability to sustain growth if B2B demand for bullion softens post-IPO?
Given the high customer concentration with the top 10 clients accounting for over 52% of revenue, what strategies does Augmont have to diversify its client base and mitigate dependency risks?
Will the significant oversubscription by Small HNIs (21.29x) lead to a substantial listing gain, or could profit-booking pressure from these retail investors dampen initial trading volumes?
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