Augmont Enterprises files DRHP with Sebi to raise Rs 800 crore via IPO

Integrated gold and silver platform Augmont Enterprises has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (Sebi) to launch its public issue.

The initial public offering (IPO) will be a mix of issuance of fresh shares and an offer for sale (OFS). The fresh issue of equity shares of face value Rs 5 will be worth Rs 620 crores while the OFS will be to the tune of Rs 180 crores taking the total issue size to Rs 800 crore.

In the OFS, promoter selling shareholders Namita Ketan Kothari, Vivek Prithviraj Kothari and Dimple Mukesh Kothari will offload shares worth Rs 60 crore, each.

About the company

Augmont Enterprises is an integrated gold and silver platform in India serving businesses and consumers, with presence across 24 states, as of August 31, 2025. According to the DRHP, its 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, which are complemented by their physical distribution network - one is enterprise sales (through the Augmont SPOT platform) and international sales and the other is consumer-focused offerings, delivered through the ‘Augmont Gold for All’ platform and offline channels.

The company has partnered with leading jewellers like Kalyan Jewellers and CaratLane, enabling digital gold redemption, and with over 180 partners including Gullak and Candere, along with digital distributor Navi. In addition, it serves customers through 3,700 Muthoot Exim stores. The company also entered into an agreement with an NBFC pursuant to which customers can purchase jewellery and bullion products at the NBFC’s stores.

Augmont Enterprises IPO proceeds

The company proposes to utilise the net proceeds towards funding future working capital requirements towards procurement and maintenance of inventory and funding advance margin requirements for procurement purposes by the company amounting to Rs 465 crores. Some part of the proceeds will be used for general corporate purposes.

Augmont Enterprises IPO lead managers

Nuvama Wealth Management Limited, Intensive Fiscal Services Private Limited, JM Financial Limited and Motilal Oswal Investment Advisors Limited

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)