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
Gold and Silver Prices Drop Post-Dussehra On Stronger US Dollar
Precious Metals Dip On Strengthening US Dollar, Persistent Global Inflation Concerns, and Shifting Interest Rate Expectations —
Gold and silver prices opened lower on the Multi Commodity Exchange (MCX) on Wednesday following the Dussehra festival, pulled down by a strengthening US dollar, persistent global inflation concerns, and shifting interest rate expectations from the US Federal Reserve.
​Gold futures fell by Rs 223 to trade at Rs 1,46,296 per 10 grams on the MCX, mirroring weak sentiment across overseas bullion markets. Silver experienced a sharper decline, tumbling by Rs 1,373 to trade at Rs 2,10,112 per kilogram.
​Market Summary
​Gold (MCX): Down Rs 223 at Rs 1,46,296 per 10 grams.​Silver (MCX): Down Rs 1,373 at Rs 2,10,112 per kilogram.
​Global Benchmark: Both metals traded weaker across international exchanges as the US dollar gained strength.
​Primary Drivers: A firm US dollar index, sticky global inflation concerns, and hawkish signals surrounding the US Federal Reserve’s rate trajectory continue to exert downward pressure on precious metal valuations post-festive demand.
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