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Augmont Enterprises IPO draws over 20x demand as it funds delivery-centre expansion

Indian bullion, digital gold and jewellery platform Augmont Enterprises’ ₹825-crore IPO was subscribed 20.51 times on Day 3. Proceeds will largely fund inventory and working capital; the company plans 15 additional delivery centres by FY29 and expansion in smaller Indian cities.

Newer report , , CNBC-TV18 : Augmont Q1 FY27 profit falls 15% as revenue rises 30%

Read next

  1. Augmont Enterprises lists 22% above IPO price, crosses ₹1,000, , Business Today
  2. Augmont Enterprises to list on BSE on August 31 at Rs 788 issue price, , BSE Corporate Announcements

07:30 IST · 10 moves · what each means · free

Reported figures

From the report. Source details below

  • 20.51x subscription on Day 3 at 11:03 IST
  • 17.51x retail subscription
  • ₹465 crore earmarked for working capital
  • ₹7,200 crore estimated post-issue market capitalisation

Other figures

  • ₹620 crore fresh issue
  • ₹205 crore OFS
  • ₹750–788 price band
  • 51.97x NII subscription

The source

Source Read the source at Mint Published

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