Augmont Enterprises gets SEBI’s approval for Rs 800 crore IPO

Augmont Enterprises has received the Securities and Exchange Board of India’s (SEBI's) approval to raise Rs 800 crore through an initial public offering (IPO). The IPO comprises a fresh issue of Rs 620 crore and an OFS of Rs 180 crore.

The proceeds will be utilised to meet working capital requirements, including procurement and inventory maintenance, advance margin requirements, and general corporate expenses. Nuvama Wealth Management, Intensive Fiscal Services, JM Financial and Motilal Oswal Investment Advisors are the book-running lead managers of the issue.

Augmont Enterprises integrated a gold and silver platform in India serving businesses and consumers, with presence across 24 states, as of August 21, 2025.