Augmont Enterprises IPO Subscription Day 1: Issue Subscribed 2.88 Times

Mumbai, Augut 21: Augmont Enterprises IPO got off to a fairly strong start on Friday, August 21, with investors putting in bids for nearly three times the shares available to the public. By the end of the first day, the issue was subscribed 2.88 times, according to the subscription data available at 5:16 PM.

The ₹825 crore IPO is a combination of a fresh issue and an offer for sale. The company has fixed the price band at ₹750 to ₹788 per share, while one IPO lot contains 19 shares. At the upper end of the price band, a retail investor needs ₹14,972 to apply for one lot.

The issue opened on August 21 and is scheduled to close on August 25, 2026. So, unlike an IPO that has already completed its bidding, Augmont Enterprises remains open for subscription and investors still have the next two trading days to place their bids.

Augmont Enterprises IPO Day 1 Subscription Status

The strongest response on Day 1 came from the NII category, which was subscribed 4.18 times. Within this segment, applications from investors bidding above ₹10 lakh were subscribed 3.21 times, while the sub-₹10 lakh NII portion saw demand of 6.12 times.

The retail portion was subscribed 2.94 times, with bids received for 1,07,19,762 shares against 36,46,575 shares on offer.

The QIB category, excluding the anchor portion, was subscribed 1.85 times. The employee portion also saw decent participation, with the reserved shares subscribed 1.48 times.

Overall, investors bid for 2,11,70,769 shares against 73,43,908 shares available across the public categories, taking the overall subscription to 2.88 times.

₹825 Crore Augmont Enterprises IPO: Key Details

Augmont Enterprises is looking to raise around ₹825 crore through the IPO. The issue consists of a fresh issue of ₹620 crore and an offer for sale of ₹205 crore.

The company has set the price band at ₹750-₹788 per share. The IPO lot size is 19 shares, making the minimum retail investment ₹14,972 at the upper end of the price band.

The IPO is scheduled to close on August 25, followed by the tentative allotment date of August 27. Refunds are expected to begin on August 28, while the shares are scheduled to be credited to successful allottees on the same day. The tentative listing date is August 31, 2026, on both BSE and NSE.

Augmont Enterprises IPO Reservation

Of the total issue size of 1,04,69,541 shares, 50% of the net issue has been reserved for QIBs, 15% for NIIs and 35% for retail investors. The issue also has a separate employee reservation of 50,759 shares.

The company had already raised ₹246.30 crore from anchor investors ahead of the IPO, with the anchor bidding taking place on August 20.

What Does Augmont Enterprises Do?

Augmont Enterprises operates in the gold and silver ecosystem, with its business spread across areas such as procurement and refining, bullion trading, digital gold, jewellery manufacturing and international sales.

The company also operates the Augmont SPOT platform for enterprise and institutional sales and Augmont Gold For All for consumers. Its business reaches both individual consumers and businesses through online as well as offline distribution channels.

With Day 1 demand already pushing the issue to 2.88 times subscription, the next two days will be important to see whether interest from QIBs, NIIs and retail investors continues to build before the IPO closes on August 25.

Source:

• https://www.nseindia.com/market-data/issue-information?symbol=AUGMONT&series=EQ&type=Active