Bengaluru: Gold and silver platform Augmont Enterprises has raised Rs 246.3 crore from 14 anchor investors ahead of its initial public offering. It allotted 31.26 lakh shares at Rs 788 each, the upper end of the IPO price band.Nomura India Stock Mother Fund received the largest allocation at nearly Rs 50 crore, accounting for 20.3% of the anchor book. Tata Small Cap Fund was allotted shares worth Rs 35 crore. Nippon India Small Cap Fund and two HDFC Mutual Fund schemes received about Rs 32 crore each.Four domestic mutual funds, HDFC, Nippon India, Tata and Trust MF, together accounted for 44.27% of the anchor allocation, or about Rs 109 crore. Edelweiss Life Insurance received shares worth Rs 10 crore.Other investors included Jupiter, LionGlobal, Societe Generale, Ashish Kacholia-backed Bengal Finance and 360 ONE’s Turnaround Opportunities Fund.The Rs 825 crore IPO will open on August 21 and close on August 25. The price band has been fixed at Rs 750-788 per share, according to the BSE data. The offer comprises a fresh issue of up to Rs 620 crore and a Rs 205 crore offer for sale by three promoter shareholders.Augmont plans to use Rs 465 crore from the fresh issue to buy inventory and meet margin requirements. The remaining proceeds will be used for general corporate purposes.The company operates across gold and silver refining, bullion trading, digital gold, jewellery manufacturing and international sales. It had 4.96 crore registered consumers for its digital gold products as of March 2026.
