Augmont Enterprises IPO opens Aug 21, price band set at Rs 750-788

Augmont Enterprises Ltd will launch its initial public offering on August 21, aiming to raise Rs 825 crore. The price band is fixed at Rs 750-788 per equity share, the company announced on Tuesday.

The IPO comprises a fresh issue of shares worth Rs 620 crore and an offer for sale of shares worth Rs 205 crore by promoters Namita Ketan Kothari, Vivek Prithviraj Kothari and Dimple Mukesh Kothari. The Hindu Businessline reports that anchor investor bidding will take place on August 20, and the public issue will close on August 25. At the upper end of the price band, the company will have a post-issue market capitalisation of around Rs 7,200 crore.

Proceeds will primarily fund working capital needs, including inventory procurement and expansion. Augmont operates an integrated gold and silver platform across 24 states. Its revenue from operations grew to Rs 84,762.62 crore in FY26 from Rs 56,523.26 crore in FY25. The company plans to list its shares on BSE and NSE on August 31.