National News
Augmont Enterprises Limited files DRHP for IPO of total size Rs 800cr
Augmont Enterprises files DRHP with SEBI to launch IPO; presence spans 24 states across India
Augmont Enterprises Limited, an integrated gold and silver platform in India serving businesses and consumers, with a presence across 24 states, as of August 31, 2025, has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI).
The IPO comprises of a Fresh issue of equity shares of face value Rs. 5 each aggregating up to Rs. 620 Crores and Offer for sale of equity shares of face value Rs. 5 each aggregating up to Rs. 180 Crores. The total offer size comprises equity shares of face value of Rs. 5 each aggregating up to Rs. 800 Crores. The offer for sale by promoter selling shareholders comprises of equity shares aggregating up to Rs. 60 Crores by Namita Ketan Kothari, equity shares aggregating up to Rs. 60 Crores by Vivek Prithviraj Kothari and equity shares aggregating up to Rs. 60 Crores by Dimple Mukesh Kothari.
The company proposes to utilise the net proceeds towards funding future working capital requirements towards procurement and maintenance of inventory and funding advance margin requirements for procurement purposes by the Company amounting to Rs 465 Crores as well as towards general corporate purposes.
Nuvama Wealth Management Limited, Intensive Fiscal Services Private Limited, JM Financial Limited and Motilal Oswal Investment.
The session saw a power packed panel of experts that comprisedSurendra Mehta, National Secretary- IBJA,Ranjith Singh,Head of Business Development, IIBX, Shweta Dhanak, Director – Vijay Exports,S Thirupathi Rajan, MD Goldsmith Academy, Shivanshu Mehta, SVP & Head Bullion-MCX.The session was moderated by Chirag Seth, Principal Consultant, Metals Focus.
Some salient points made by the panelists:
- Gold prices are not linked to consumer demand. They are linked to central bank buying and ETFs
- Till the banking system doesn’t collapse, gold price will continue to rise
- Jewellers were advised to use a mix of futures and options for risk mitigation
- Given the current situation manufacturers selling on credit or unfavorable deals could be fatal flaw for business.
- Precious metals forecast: Surendra Mehta said he sees gold in 2026 in $4900-5100 range and silver in $90-105.Looking further he said by 2030-2035 gold could touch $18000- 20000 and silver could reach $500. Chirag Seth predicted silver touching $105 this year and gold moving in the $ 5200- $ 5500.
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