The IPO received bids for 81.62 crore shares against 77.16 lakh shares on offer, translating into an overall subscription of 105.78 times, according to stock exchange data.
Qualified institutional buyers (QIBs) showed the strongest interest, with their portion subscribed 226.96 times. The non-institutional investor (NII) category was subscribed 121.47 times.
Retail investors bid for 30.98 times the shares reserved for them, while the employee portion was subscribed 21.14 times.
The numbers show that demand was strong across investor categories, but institutions were by far the most aggressive bidders, seeking more than 226 shares for every share available to them.
₹825-crore IPO closes after three days
The IPO opened for subscription on August 21 and closed on August 25. Augmont had set a price band of ₹750-788 per share, with a minimum application size of 19 shares and subsequent bids in multiples of 19.
The ₹825-crore issue comprises a fresh issue of shares worth up to ₹620 crore and a ₹205-crore offer for sale (OFS) by Namita Ketan Kothari, Vivek Prithviraj Kothari and Dimple Mukesh Kothari.
The distinction matters for investors: the ₹620 crore raised through the fresh issue will go to Augmont, while the ₹205 crore raised through the OFS will go to the existing shareholders selling their stakes.
Promoters and the promoter group currently own 92.75% of Augmont’s equity. Their holding is expected to decline to about 81.91% after the IPO.
Where will Augmont use the money?
Working capital is the main reason Augmont is tapping the public market.
The company plans to use ₹465 crore of the fresh issue proceeds to meet future working-capital requirements, including buying and maintaining inventory and meeting advance-margin requirements for inventory procurement. The remaining proceeds will be used for general corporate purposes.
In effect, about three-fourths of the fresh capital raised by Augmont will go towards funding the gold and silver inventory needed to run and expand its business.
Sachin G Kothari, non-executive director at Augmont Enterprises, has said around 75% of the IPO proceeds would be deployed towards working capital.
Higher gold prices increase need for capital
Augmont operates across the gold and silver value chain, with its business-to-business spot platform accounting for the bulk of its operations.
The platform currently serves 5,223 jewellers, while the company has 20 delivery centres across India.
Higher gold prices have increased the amount of money required to maintain inventory and meet demand from jewellers. Augmont’s volumes fell to 53 tonnes in FY26 from 61 tonnes in FY25, even as demand from jewellers remained strong, according to Kothari.
That is central to Augmont’s case for raising fresh money: when gold becomes more expensive, the company needs more working capital to hold and move the same amount of metal through its platform.
The additional capital is expected to help Augmont procure more inventory, cater to demand from jewellers and support business volumes.
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