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.
National News
Priority Jewels Ltd.’s IPO Sees Robust Demand,Bidding Reached 46.73x
Priority Jewels Set The Price Band For The Offering At ₹190 To ₹200 Per Share.
Priority Jewels Ltd.’s initial public offering drew robust demand on its final day of bidding Tuesday, capping a strong multi-day subscription run driven by heightened investor appetite.
The retail jewelry company’s public issue, which opened on Friday, Aug. 28, closed to public orders after seeing subscription figures accelerate sharply through its final session. Overall bidding reached 46.73 times the shares on offer by the close of the book-building process, according to exchange data, after sitting at 21.23 times coverage at the end of its second day.
Priority Jewels set the price band for the offering at Rs 190 to Rs 200 per share.
Unofficial trading activity pointed to expectations of a firm debut on the public exchanges. The stock’s grey market premium—an informal indicator of investor sentiment ahead of an official listing—stood at Rs 45 per share on the final bidding day. At the upper end of the price band, the grey market valuation implies a potential listing price of Rs 245 per share, representing a 22.5% premium over the issue price.
Over the past nine sessions, gray market trading for the issue ranged from parity to its high of Rs 45, reflecting steady upward momentum leading into the final hours of the order book.
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