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2 clusters · 5 sources · 10 days · First seen · Last updated

Augmont Enterprises IPO and market debut

Overview

Augmont Enterprises, an integrated gold and silver platform, launched an initial public offering (IPO) to raise Rs 825 crore. The offering included a combination of fresh issues and an offer for sale, with a price band set between Rs 750 and Rs 788 per share. The company had already secured Rs 246.3 crore from anchor investors prior to the launch.

Following the bidding process, which saw the IPO subscribed 105.78 times, the company’s shares debuted on the BSE and NSE at a premium. Shares rose approximately 22 percent during their market debut, with the company reaching a market valuation of Rs 8,595.51 crore. Augmont Enterprises plans to utilize the proceeds for working capital, inventory procurement, and expansion across its various business segments, including refining and bullion trading.

Entities

NSE · BSE · Société Générale · Nomura · Nippon India Mutual Fund

Timeline

  1. 17 days ago

    [BUSINESS] 2 sources
    Augmont Enterprises shares jump 22% in market debut

    Augmont Enterprises Ltd shares jumped nearly 22 percent in their market debut, listing at a premium against the issue price of Rs 788.

  2. 26 days ago

    [BUSINESS] 3 sources
    Augmont Enterprises launches Rs 825 crore gold and silver IPO

    Augmont Enterprises has launched an Rs 825 crore IPO, targeting the gold and silver B2B value chain through procurement, refining, and bullion trading.

Sources

finshots.in · news18.com · news9live.com · newsbytesapp.com · up18news.com