Augmont Enterprises mops up Rs 246 crore in anchor round ahead of IPO; Nomura, HDFC MF among investors

Jewellery and bullion platform Augmont Enterprises raised Rs 246.3 crore from anchor investors on Thursday ahead of its initial public offering (IPO), which opens for public subscription on August 21.

Augmont Enterprises allotted 31.25 lakh shares to 15 institutional investors at Rs 788 apiece through its anchor book on Thursday, August 20. The investors included Nomura and Societe Generale, among others.

Domestic mutual funds accounted for 13.83 lakh shares of the anchor allocation across five schemes. The participating fund houses were HDFC Asset Management Company, Nippon Life India Asset Management, Tata Asset Management Company and Trust Mutual Fund.


Edelweiss Life Insurance Company was allotted 1.26 lakh shares, worth Rs 10 crore. Other investors in the anchor book included Bengal Finance and Investment, backed by investor Ashish Kacholia; Girik Multicap Growth Equity Fund, managed by Girik Capital; Turnaround Opportunities Fund, managed by 360 ONE WAM; Authum Investment and Infrastructure, Jupiter Fund Management and Lion Global Investors.

Augmont Enterprises IPO details

The Augmont Enterprises IPO comprises a fresh issue of 0.79 crore shares aggregating to Rs 620 crore and an offer for sale of 0.26 crore shares aggregating to Rs 205 crore.

The IPO will open on August 21, 2026, and close on August 25. The company has fixed the price band at Rs 750-788 per share, with a lot size of 19 shares.

At the upper end of the price band, retail investors will need to invest a minimum of Rs 14,972 for one lot.

The allotment is expected to be finalised on August 27, while the shares are scheduled to list on the NSE and BSE on August 31.

MUFG Intime India is the registrar to the issue. Nuvama Wealth Management, Intensive Fiscal Services, JM Financial and Motilal Oswal Investment Advisors are the book-running lead managers.

The company will not receive any proceeds from the offer for sale. According to its red herring prospectus, the proceeds from the OFS will accrue to the promoter selling shareholders after deducting their respective share of offer expenses and applicable taxes.

The company plans to use the proceeds from the fresh issue to fund future working capital requirements towards procurement, maintenance and scaling up of inventory, as well as advance margin requirements for procurement of inventory. The remaining proceeds will be used for general corporate purposes.

Augmont Enterprises business

Augmont Enterprises is an integrated gold and silver platform serving businesses and consumers across India and international markets.

The company operates two primary online platforms—Augmont SPOT, a B2B platform for jewellers and bullion dealers to purchase gold and silver bars, and Augmont Gold For All, its retail-focused platform. Through Augmont Gold For All, consumers can digitally buy, sell and store gold and silver, enrol in systematic investment plans and liquidate old gold.

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