20 Aug 2026 , 02:30 PM
The Augmont Enterprises IPO is set to open for subscription on August 21, 2026, and the issue has already generated significant interest in the grey market. The latest Augmont Enterprises IPO GMP stood at ₹285 per share on August 20, indicating a potential listing gain of over 36% if the current grey-market premium sustains until listing.
The ₹825 crore IPO comprises a fresh issue and an offer for sale (OFS), with the company planning to list its shares on both the NSE and BSE.
As of August 20, 2026, at 1:29 PM, the Augmont Enterprises IPO GMP was ₹285, up from ₹280 on August 19 and ₹190 on August 18.
With the IPO’s upper price band fixed at ₹788 per share, the latest GMP indicates an estimated listing price of around ₹1,073 per share.
This represents a potential listing premium of approximately 36.17% over the upper end of the IPO price band.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Gain |
|---|---|---|---|---|
| Aug 20, 2026 | ₹788 | ₹285 | ₹1,073 | 36.17% |
| Aug 19, 2026 | ₹788 | ₹280 | ₹1,068 | 35.53% |
| Aug 18, 2026 | ₹788 | ₹190 | ₹978 | 24.11% |
The GMP has therefore jumped sharply in just two sessions, rising from ₹190 on August 18 to ₹285 on August 20.
The grey-market trend has been particularly strong ahead of the IPO opening.
On August 18, the GMP was ₹190, implying an estimated listing price of ₹978. The premium increased to ₹280 on August 19 and further climbed to ₹285 on August 20.
At the latest GMP, the estimated listing price is ₹1,073, which is ₹285 above the upper IPO price of ₹788.
However, investors should remember that GMP is an unofficial market indicator and can change before listing. The actual listing price may differ significantly from the GMP-based estimate.
Augmont Enterprises IPO is a book-built issue worth ₹825 crore.
The issue consists of:
At the upper price band of ₹788, a retail investor applying for one lot of 19 shares would need to invest ₹14,972.
The IPO will open for subscription on August 21, 2026, and close on August 25, 2026.
| Event | Date |
| IPO Opens | August 21, 2026 |
| IPO Closes | August 25, 2026 |
| Allotment | August 27, 2026 |
| Refund | August 28, 2026 |
| Credit of Shares | August 28, 2026 |
| Listing | August 31, 2026 |
The shares are proposed to be listed on both the BSE and NSE.
Augmont Enterprises Ltd. is an integrated gold and silver platform operating across multiple parts of the precious metals value chain.
The company is involved in gold and silver procurement and refining, bullion trading, digital gold, jewellery manufacturing, international sales and technology solutions for gold-backed financial services.
Its business operates through platforms including Augmont SPOT, which caters to enterprise and international customers, and Augmont Gold For All, which focuses on consumers.
The company serves customers through both online and offline distribution channels.
As of March 31, 2026, Augmont Enterprises had a presence across 24 states, more than 5,223 registered enterprise members and over 49.62 million registered digital gold consumers, directly and through alliances.
The company operates gold and silver refining facilities in Rudrapur and Mumbai, along with a jewellery manufacturing facility in Sitapur SEZ, Jaipur.
Augmont Enterprises has reported strong growth in revenue and profitability over the past three financial years.
| Particulars (₹ crore) | FY2026 | FY2025 | FY2024 |
| Total Income | 94,282.47 | 66,252.05 | 34,948.90 |
| Profit After Tax | 348.30 | 227.19 | 75.97 |
| EBITDA | 385.95 | 304.09 | 103.92 |
| Net Worth | 926.87 | 422.94 | 204.87 |
| Total Borrowings | 12.67 | 21.54 | 54.86 |
According to the provided financial data, revenue increased 42% between FY2025 and FY2026, while profit after tax increased 53% during the same period.
The company’s total income increased from ₹66,252.05 crore in FY2025 to ₹94,282.47 crore in FY2026, while PAT increased from ₹227.19 crore to ₹348.30 crore.
The company has maintained relatively low leverage, with debt-to-equity at 0.01 as of March 31, 2026.
Other key performance indicators include:
While ROE, ROCE and RoNW declined compared with FY2025, the company continues to report strong return ratios and a low debt-equity ratio.
At the IPO price band, Augmont Enterprises is being valued at a significant premium to its reported book value.
Based on the provided valuation data:
The post-IPO P/E multiple of around 20.67x will be an important valuation metric for investors evaluating the issue against peers and the company’s future growth prospects.
A significant portion of the fresh issue proceeds is proposed to be used for the company’s working capital requirements.
The company plans to utilise approximately ₹465 crore towards funding future working capital requirements, including procurement, maintenance and scaling up of inventory and advance margin requirements for inventory procurement.
The remaining proceeds are proposed to be used for general corporate purposes.
The working-capital allocation is particularly relevant for Augmont given the nature of its business, where inventory procurement and bullion operations require substantial capital.
Some of the key strengths highlighted for Augmont Enterprises include:
Integrated precious metals platform:
The company operates across several stages of the gold and silver value chain, including refining, bullion trading, digital gold and jewellery manufacturing.
Diversified distribution network:
Augmont has a presence across online and offline channels and serves both enterprise and consumer markets.
Technology-enabled operations:
Its technology platforms support electronic bullion trading, physical delivery and real-time price discovery.
Strong industry presence:
The company has established a brand and domain expertise in the gold and silver industry.
Low leverage:
The company’s debt-to-equity ratio stood at just 0.01 as of March 31, 2026.
Strong financial growth:
Revenue and PAT recorded substantial growth between FY2025 and FY2026.
The current GMP indicates a potentially strong listing for Augmont Enterprises, with the latest premium of ₹285 implying an estimated listing price of ₹1,073.
However, investors should assess the GMP alongside the company’s fundamentals and valuation.
The company has demonstrated strong revenue and PAT growth, a broad gold and silver ecosystem and low leverage. At the same time, the post-issue valuation of around 20.67x P/E and the company’s relatively low profit margins are factors investors may want to consider.
The IPO also involves a significant working-capital requirement, with ₹465 crore earmarked for inventory-related purposes.
1. GMP movement:
The GMP has risen from ₹190 to ₹285 in two days, indicating strong grey-market sentiment.
2. IPO subscription:
Subscription figures will become available once bidding begins on August 21 and will be an important indicator of investor demand.
3. QIB participation:
Institutional demand will be particularly important in assessing the quality of overall subscription.
4. Valuation:
The post-issue P/E of around 20.67x should be assessed against comparable companies and Augmont’s growth prospects.
5. Gold market environment:
Since the company’s business is closely linked to the gold and silver ecosystem, precious-metal prices and demand trends could influence its operations.
The Augmont Enterprises IPO GMP today stands at ₹285, according to the latest available data on August 20, 2026.
At the upper IPO price of ₹788, the latest GMP indicates an estimated listing price of approximately ₹1,073, representing a potential listing premium of 36.17%.
The GMP has risen sharply from ₹190 on August 18 to ₹280 on August 19 and ₹285 on August 20.
The ₹825 crore IPO will open for subscription on August 21 and close on August 25, 2026, with allotment expected on August 27 and listing scheduled for August 31.
Augmont Enterprises has reported strong financial growth, with revenue rising 42% and PAT increasing 53% between FY2025 and FY2026. The company also has a low debt-to-equity ratio of 0.01.
Nevertheless, investors should not rely solely on the GMP. Grey-market premiums are unofficial and speculative, and the actual listing price can differ materially from GMP-based estimates.
Disclaimer – The stock/s and indices mentioned in this article are discussed solely for informational and educational purposes. It should not be construed as investment advice or a recommendation to buy or sell any securities. Investors should conduct their own research or consult a financial advisor before making any investment decisions. Investments in securities markets are subject to market risks. Read all the related documents carefully before investing.
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