Augmont Enterprises shares rally 10% as NSE empanels company for EGR ecosystem

Augmont Enterprises shares rallied 10% to Rs 965.65 during Monday’s trading session after the company, along with its subsidiaries, was empanelled by the National Stock Exchange of India (NSE) as a key partner for promoting Electronic Gold Receipts (EGRs).

The partnership aims to simplify the creation and extinguishment of EGRs and encourage greater trading participation in the product, thereby strengthening India’s formal gold market ecosystem.

Under the arrangement, Augmont will leverage its experience across the gold value chain to support the development of the EGR framework. The company will also provide technical and on-ground support to facilitate the seamless conversion of physical gold into EGRs and the redemption of EGRs back into physical gold within the regulated ecosystem.


EGRs are dematerialised securities representing ownership of physical gold stored securely in SEBI-accredited vaults and held electronically through depositories. Each EGR is backed by physical gold and can be traded on the exchange, enabling gold to be integrated into the formal financial system.

According to NSE, the partnership is expected to support a more transparent and robust ecosystem for gold trading, potentially facilitating efficient price discovery and wider participation among jewellers, refiners, traders and institutional investors.

Sriram Krishnan, Chief Business Development Officer, NSE, said the empanelment of Augmont marks an important step towards building a deeper ecosystem for EGRs. He added that combining NSE’s technology and market infrastructure with Augmont’s presence across the gold value chain could simplify the creation and extinguishment of EGRs and support greater participation.

Ketan Kothari, Whole-Time Director, Augmont Enterprises, said the company aims to make the conversion between physical and electronic gold simpler, faster and more transparent for trade participants and investors by combining its gold-related expertise with NSE’s technology and market infrastructure.

Recent Listing

Augmont Enterprises was listed on the stock exchanges on August 31, 2026. Its IPO raised Rs 825 crore, comprising a fresh issue of 78.68 lakh shares aggregating to Rs 620 crore and an offer for sale of 26.02 lakh shares worth Rs 205 crore.

The stock debuted at Rs 961 per share on the NSE, representing a premium of around 22% over its IPO issue price of Rs 788. Following Monday’s gains, the stock was trading around Rs 965, giving the company a market capitalisation of approximately Rs 7,995 crore.

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