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Augmont targets jeweller, delivery and B2C gold expansion with ₹825 crore IPO

Augmont Enterprises plans to deploy IPO proceeds toward working capital, jeweller onboarding, delivery-network expansion and faster-growing B2C gold sales. The Mumbai-based firm serves 5,223 jewellers and aims to expand its Gold for All consumer and fintech-partner ecosystem.

Newer report , , Mint : Augmont Enterprises lists 22% above IPO price, rises as much as 29%

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  1. Augmont Enterprises to list on BSE on August 31 at Rs 788 issue price, , BSE Corporate Announcements
  2. Augmont Enterprises IPO closes 14.46x subscribed, with fresh capital earmarked for bullion inventory, , NDTV Profit

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Reported figures

From the report. Source details below

  • ₹205 crore offer for sale
  • 75% of IPO proceeds earmarked for working capital

Other figures

  • ₹620 crore fresh issue

The source

Source Read the source at CNBC-TV18 Published

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