Augmont Enterprises Ltd IPO
Status: Closed
Overview
IPO date
21 Aug 2026 to 25 Aug 2026
Face value
₹ 0 per share
Price
₹ 750 to ₹788 per share
Issue Size
10,469,540 shares
(aggregating up to ₹ 825 Cr)
(aggregating up to ₹ 825 Cr)
Allotment Date
27 Aug 2026
Listing at
NSE
Issue type
Book Building
Sector
Trading
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T&C*
Strengths vs Risks of Augmont Enterprises Ltd
Know the pros & cons
Strengths
- Deep domain knowledge of the gold and silver industry with an integrated model and a well-established brand.
- Diversified business model with synergies in operations.
- Efficient procurement operations and a wide distribution network.
- Scalable technology enabled ecosystem with robust price discovery mechanism.
- Track record of improved profit after tax of ?759.66 million in Fiscal 2024 to ?3,483.00 million in Fiscal 2026.
- Experienced Promoter and senior management team.
Risks
- The company primarily conduct its business through the company's two online platforms `Augmont SPOT' and `Augmont Gold For All', which are owned and operated by it, and any significant disruptions in the company's information technology systems or breaches of data security could adversely affect its business and reputation.
- Volatility in the market price of gold and silver affects the demand for the company's products and the valuation of its inventory, and such volatility may adversely affect the company's business, results of operations, financial condition and cash flows.
- The company derives a substantial portion of its revenues from enterprise sales through the company's `Augmont SPOT' platform and international sales (representing 92.90%, 95.72% and 95.88% of its revenue from operations for Fiscals 2026, 2025 and 2024, respectively) and any decline in revenues generated from this business could adversely affect the company's business, results of operations and financial condition.
- The company's business is dependent on the continuous and cost-effective procurement of gold and silver bullion. The countries or regions its currently import bullion from, may become subject to sanctions, import duties or export controls and the company's inability to procure sufficient quantities of bullion may have an adverse effect on its business, results of operations and financial condition.
- The company has issued Equity Shares during the preceding 12 months at prices that may be lower than the Offer Price.
- The company depends on its price discovery capabilities to set competitive benchmark prices for gold and silver products and inaccuracies in pricing the company's products or disruptions in the technology driving it, could have an adverse effect on its business and reputation.
- The company depends on certain key customers for a significant portion of its revenues with the company's top 10 customers accounting for 52.09%, 35.72% and 36.63%, of the company's revenue from operations for Fiscals 2026, 2025 and 2024, respectively. The company does not execute any long-term agreements with any of its customers. Consequently, any inability to procure new orders on a regular basis or the company's inability to diversify its customer base could have an adverse effect on the company's business, results of operations and financial condition.
- The company is exposed to risks associated with its hedging activities, and any failures in the company's hedging strategy or execution may adversely affect its business, results of operations and financial condition.
- The company cannot access debt financing to finance its working capital requirements. If the company is unable to access adequate and cost-effective funding in a timely manner due to these restrictions, it may have an adverse effect on the company's business operations, liquidity position and overall financial performance.
- The company has entered into certain transactions with related parties in the past and may continue to do so in the future. These transactions or any future transactions with its related parties could potentially involve conflicts of interest.
- The company derives a portion of its revenues from franchise/partner/associate/other channels (representing 3.05%, 1.84% and 2.05% of the company's revenue from operations for Fiscals 2026, 2025 and 2024, respectively), any decline in revenues generated from franchise/partner/associate/other channels operations could adversely affect its business, results of operations and financial condition.
- The company's refining and jewellery manufacturing operations involve activities and materials which are hazardous in nature and are subject to operating risks, and any accident, equipment failures, interruption in such operations may adversely affect the company's business, results of operations and financial condition.
- There have been certain instances of delays, or errors in the past in relation to form filings with the Registrar of Companies, Maharashtra at Mumbai and instances of delays of filing of Forms GSTR3B with the tax authorities. The company may be subject to regulatory actions and penalties for any such past or future delays or errors and its business, financial condition and reputation may be adversely affected.
- The company requires sizeable amounts of working capital for its continued operation and growth. The company's inability to meet its working capital requirements could have an adverse effect on the company's business, results of operations and financial condition.
- The company is exposed to risks relating to theft and fraud in the company's operations, including the potential for misappropriation of gold and silver, fraudulent transactions, and cyber theft. Any incidents of theft or fraud, whether internal or external, could adversely affect its business, results of operations, and financial condition.
- The company is required to adhere to stringent quality management processes to ensure that the gold and silver its sell meet specific quality requirements. Any failures to comply with these quality standards could adversely affect the company's business and reputation.
- The Company, Subsidiaries, Promoters, Group Companies, Directors, Key Managerial Personnel and Senior Management Personnel are involved in certain legal and regulatory proceedings. Any adverse decision in such proceedings may have an adverse effect on the company's business, financial condition, cash flows and results of operations.
- The company's inability to maintain or enhance the popularity of its `Augmont' brand may adversely affect the company's business, results of operations and financial condition and any negative publicity, customer complaints, or adverse media coverage could also damage its brand reputation and impact customer perception.
- The company is required to comply with a stringent regulatory framework for operations and maintain several licenses and permits. Its failures to comply with applicable rules and regulations or maintain the licenses required for the company's business, or any changes to the existing legal framework or the introduction of new regulations, could have an adverse effect on its business and reputation.
- Government measures and public appeals discouraging gold purchases may adversely impact demand for gold and the company's business.
- One of the company's Material Subsidiaries, Augmont Goldtech Private Limited, operates a digital gold business in an evolving regulatory environment, and any future regulatory framework, including potential convergence with electronic gold receipts and bullion exchange norms, may impose significant compliance requirements and adversely affect its business, financial condition and results of operations.
- Under-utilization of the company's manufacturing and refining facilities could have an adverse effect on its business, results of operations and financial condition.
- The company's insurance coverage may not adequately protect it against all losses or the insurance cover may not be available for all the losses as per the insurance policy, which could adversely affect business, results of operations and financial condition.
- Riddisiddhi Bullions Limited, one of the company's promoter group entities, was in the past restrained from buying, selling or dealing in the securities markets from August 20, 2015 to April 5, 2018 in a matter involving trading in illiquid stock options. Further, the Company has also voluntarily availed benefit of a settlement scheme initiated by SEBI and settled the matter by paying the applicable settlement amount.
- The company depends on third-party logistics providers to enable the doorstep delivery of its products and any disruption in the services provided by these logistics providers, or security breaches during transportation could have an adverse effect on the company's business and reputation.
- The company is exposed to the industry-wide threats and challenges inherent to its operations, and any failures in effectively managing such threats and challenges may have an adverse impact on its business, results of operations, financial condition and cash flows.
- A decline in gold or silver prices could reduce the company's revenue and, given its thin operating margins, may materially impact the company's profitability and net worth.
- The company's inability to effectively manage or grow its delivery network may adversely affect the company's business, results of operations and financial condition.
- The company's revenue and working capital requirements are sensitive to movements in gold and silver prices.
- The company depends on strategic arrangements for its current operations and to grow the company's business and the termination of such arrangements may have an adverse effect on its business, results of operations and financial condition.
- The company exports its products to various countries and the company's revenue from outside India represented 6.05%, 12.16% and 4.67% of its revenue from operations for Fiscals 2026, 2025 and 2024, respectively. As such, the company's international operations expose it to complex management, legal, tax and economic risks, which could adversely affect the company's business, results of operations, cash flows and financial condition.
- Refining doré bars involves inherent costs, time delays and risk of metal losses that could adversely affect the company's operational efficiency, inventory valuation and profitability.
- The company's business operates on thin operating margins, and even minor disruptions, hedging, liquidity or execution could materially impact its profitability.
- The company's past performance may not be indicative of its future growth, primarily since the company's business is characterized by high transaction volumes and low operating margins, which exposes it to significant operational, financial and market risks. The company may not be able to effectively sustain or manage its growth or execute the company's growth strategies, which could have an adverse effect on its business, results of operations and financial condition.
- If the company fails to integrate or manage acquired companies or businesses efficiently, its overall profitability and growth plans could be adversely affected.
- The company operates in a competitive business environment and if the company is unable to compete effectively, its may lose market share and the company's profits may decline, which may adversely affect its business, results of operations and financial condition.
- The company's refining units are located in Rudrapur, Uttarakhand and Mumbai, Maharashtra, and its jewellery manufacturing unit is located in Sitapur SEZ, Jaipur, Rajasthan. Further, 101 of the company's `Gold for All' centers are located in the states of Andhra Pradesh, Telangana and Karnataka, and 5 `Gold for All' centres are located in Tamil Nadu in the Southern region of India. Any adverse developments affecting these regions could have an adverse effect on its business, results of operations, financial condition and cash flows.
- The company's business depends upon maintaining high levels of customer trust and satisfaction for its operations. Any negative incidents, such as disputes over quality and standard of gold and silver provided, and trading discrepancies, could have an adverse effect on the company's business, results of operations and financial condition.
- The company's Group Company and member of its Promoter Group, including Riddisiddhi Bullions Limited and the Company has common pursuits and any conflicts of interest may affect its business, results of operations and financial condition.
- For its jewellery business, if the company is unable to provide new designs or update its collections in accordance with customer preferences, it could adversely affect the company's business prospects, results of operations and cash flows.
- The company does not have significant experience in facilitating the trading of lab grown diamonds on its platform. The company's inability to compete successfully against other companies that are well established may adversely affect its business and results of operations.
- The company's inability to accurately forecast demand for its products and manage the company's inventory may have an adverse effect on its business, results of operations, financial condition and cash flows.
- The company's continued success is dependent on its Directors, senior management and skilled manpower. The company's inability to attract and retain key personnel or the loss of services of such personnel may have an adverse effect on its business prospects.
- Certain of the company's Promoters and Senior Management Personnel does not have formal educational qualifications and/or prior work experience, which may affect their ability to contribute effectively to the company's business.
- The company's contingent liabilities could adversely affect its financial condition if they materialise.
- The company has incurred negative cash flows from operating activities in the past and may incur negative cash flows in the future.
- There have been certain instances of non-payments or delays in payment of statutory dues by the company in the past. Any non-payment or delay in payment of statutory dues by the company in the future, may result in the imposition of penalties and in turn may have an adverse effect on the company's business, financial condition, results of operation and cash flows.
- The company is subject to various Indian laws and regulations regarding privacy and data security, and the company or its customers may be subject to regulations related to the handling and transfer of certain types of sensitive and confidential information. Any failures to comply with these laws and regulations could impose significant penal burden and could adversely impact the company's business and results of operations.
- Failures in internal control systems could cause operational errors which may have an adverse effect on the company's reputation, business, results of operations, financial condition and cash flows.
- Any failures to protect the company's intellectual property rights could adversely affect its competitive position, business, financial condition and results of operations.
- If the company inadvertently infringe on the intellectual property rights of others, its business and results of operations may be adversely affected.
- Certain sections of this Red Herring Prospectus disclose information from the Technopak Report which has been prepared exclusively for the Offer and commissioned and paid for by it exclusively in connection with the Offer and any reliance on such information for making an investment decision in the Offer is subject to inherent risks.
- The company's Promoters, members of its Promoter Group and Priyank Rakesh Kothari, nephew of Dimple Mukesh Kothari and grandson of Manakchand Saremal Kothari and Devkumari Manekchand Kothari will continue to hold a significant equity stake in the Company after the Offer and their interests may differ from those of the other shareholders.
- Certain non-GAAP financial measures relating to the company's operations and financial performance have been included in this Red Herring Prospectus. These non-GAAP financial measures are not measures of operating performance or liquidity defined by Ind AS and may not be comparable.
- The company's funding requirements and proposed deployment of the Net Proceeds of the Offer are proposed to be utilised to fulfil its working capital requirements and have not been appraised by a bank or a financial institution and if there are any delays or cost overruns, the company's business, cash flows, financial condition and results of operations may be adversely affected.
- Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
- The Company does not have any comparable listed peers and, therefore, investors must rely on their own examination of the Company.
- The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements and capital expenditures and the terms of the company's financing arrangements.
- The company's Registered and Corporate Office, and key operational centers including manufacturing facilities are located on premises that is held by it on a leave and license basis. If these leases and license agreements are terminated or not renewed and the company is not able to identify alternative premises on terms acceptable to the company, it could adversely affect its business, financial condition, results of operations, and cash flows.
- The lease agreements with the company's landlords are required to be stamped in accordance with the relevant state stamp duty legislation and registered under the Registration Act, 1908. Any failures to register and/or appropriately pay stamp duty on such agreements may affect its ability to enforce such agreements.
- Acquisitions of certain of its Subsidiaries by the Company, were undertaken without obtaining valuation reports.
- The company has incurred indebtedness and an inability to comply with repayment and other covenants in the company's financing agreements could adversely affect its business, results of operations, cash flows and financial condition.
- The transfer price at which the Equity Shares have been transferred by Mohinidevi Bhawarlal Kothari, Kalawati Prithviraj Kothari and Manakchand Saremal Kothari, the company's Promoters to Mahendra Kumar Nemichand Bafna, one of its Whole-time Directors and Sachin Kothari, one of the company's Non-executive Directors during the preceding 12 months may be lower than the Offer Price.
- The company has relied on affidavits for evidencing past work experience or educational qualifications for one of its Promoters and one of the company's Senior Management Personnel, and its cannot independently verify the accuracy of such information.
- The Offer Price, market capitalization to total revenue multiple and price to earnings ratio based on the Offer Price of the Company, may not be indicative of the market price of the Equity Shares on listing.
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The IPO opens on 21 Aug 2026 & closes on 25 Aug 2026.
Augmont Enterprises Limited was incorporated as a private limited Company as 'RSBL Spot Trading Private Limited', on October 31, 2012 with the RoC. The name of Company was changed to 'Augmont Enterprises Private Limited' on October 15, 2015. Upon the conversion of Company to a public limited, the name of Company was subsequently changed to Augmont Enterprises Limited w.e.f. May 27, 2025. The principle activities of the Company is buying, selling and dealing in of various precious metals like Gold, Silver and Platinum.
The business operate through multiple segments of gold and silver value chain including procurement and refining, bullion trading, digital gold offerings, jewellery manufacturing, international sales and facilitating gold-backed financial services. It operate in two business verticals, which are complemented by physical distribution network: (i) enterprise sales and international sales; and consumer-focused offerings, delivered through Augmont Gold For All' platform and offline channels.
Company conduct the enterprise sales business through Augmont SPOT' platform, which is a fully electronic, over-the-counter based bullion platform that became operational in 2012. The Company established its refinery for production and refining of precious metals in Rudrapur, Uttarakhand in 2016. The business started serving customers through the 'Augmont Gold For All' platform, which launched in FY21.
Apart from these milestones, the 'Augmont SPOT' platform enables businesses such as jewellers, bullion dealers and manufacturers with valid GST registrations to purchase gold and silver bars online with assured physical delivery at their spot delivery centres. The Augmont SPOT' platform mechanism help into real time access to market-linked spot prices and support transparent, competitive pricing for the products.
Company is planning the IPO by raising an aggregate of Rs 800 Crores equity shares having face value of Rs 5 each, comprising a fresh issue of Rs 620 Crores and the offer for sale of Rs 180 Crores.
Augmont Enterprises Ltd IPO will close on 25 Aug 2026.
- Deep domain knowledge of the gold and silver industry with an integrated model and a well-established brand.
- Diversified business model with synergies in operations.
- Efficient procurement operations and a wide distribution network.
- Scalable technology enabled ecosystem with robust price discovery mechanism.
- Track record of improved profit after tax of ?759.66 million in Fiscal 2024 to ?3,483.00 million in Fiscal 2026.
- Experienced Promoter and senior management team.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Mohinidevi Bhawarlal Kothari | 16751667 | 20.06 | 16751667 | 18.33 |
| 2 | Kalawati Prithviraj Kothari | 15134367 | 18.12 | 15134367 | 16.56 |
| 3 | Namita Ketan Kothari | 9990000 | 11.96 | 9109290 | 9.97 |
| 4 | Devkumari Manekchand Kothari | 9324900 | 11.17 | 9324900 | 10.21 |
| 5 | Manakchand Saremal Kothari | 8613867 | 10.32 | 8613867 | 9.43 |
| 6 | Vivek Prithviraj Kothari | 6747300 | 8.08 | 5866590 | 6.42 |
| 7 | Dimple Mukesh Kothari | 6551100 | 7.85 | 5710999 | 6.25 |
| 8 | Dimpal Vivek Kothari | 4335277 | 5.19 | 4335277 | 4.74 |
| 9 | Ketan Bhawarlal Kothari | --- | --- | --- | --- |
- The company primarily conduct its business through the company's two online platforms `Augmont SPOT' and `Augmont Gold For All', which are owned and operated by it, and any significant disruptions in the company's information technology systems or breaches of data security could adversely affect its business and reputation.
- Volatility in the market price of gold and silver affects the demand for the company's products and the valuation of its inventory, and such volatility may adversely affect the company's business, results of operations, financial condition and cash flows.
- The company derives a substantial portion of its revenues from enterprise sales through the company's `Augmont SPOT' platform and international sales (representing 92.90%, 95.72% and 95.88% of its revenue from operations for Fiscals 2026, 2025 and 2024, respectively) and any decline in revenues generated from this business could adversely affect the company's business, results of operations and financial condition.
- The company's business is dependent on the continuous and cost-effective procurement of gold and silver bullion. The countries or regions its currently import bullion from, may become subject to sanctions, import duties or export controls and the company's inability to procure sufficient quantities of bullion may have an adverse effect on its business, results of operations and financial condition.
- The company has issued Equity Shares during the preceding 12 months at prices that may be lower than the Offer Price.
- The company depends on its price discovery capabilities to set competitive benchmark prices for gold and silver products and inaccuracies in pricing the company's products or disruptions in the technology driving it, could have an adverse effect on its business and reputation.
- The company depends on certain key customers for a significant portion of its revenues with the company's top 10 customers accounting for 52.09%, 35.72% and 36.63%, of the company's revenue from operations for Fiscals 2026, 2025 and 2024, respectively. The company does not execute any long-term agreements with any of its customers. Consequently, any inability to procure new orders on a regular basis or the company's inability to diversify its customer base could have an adverse effect on the company's business, results of operations and financial condition.
- The company is exposed to risks associated with its hedging activities, and any failures in the company's hedging strategy or execution may adversely affect its business, results of operations and financial condition.
- The company cannot access debt financing to finance its working capital requirements. If the company is unable to access adequate and cost-effective funding in a timely manner due to these restrictions, it may have an adverse effect on the company's business operations, liquidity position and overall financial performance.
- The company has entered into certain transactions with related parties in the past and may continue to do so in the future. These transactions or any future transactions with its related parties could potentially involve conflicts of interest.
- The company derives a portion of its revenues from franchise/partner/associate/other channels (representing 3.05%, 1.84% and 2.05% of the company's revenue from operations for Fiscals 2026, 2025 and 2024, respectively), any decline in revenues generated from franchise/partner/associate/other channels operations could adversely affect its business, results of operations and financial condition.
- The company's refining and jewellery manufacturing operations involve activities and materials which are hazardous in nature and are subject to operating risks, and any accident, equipment failures, interruption in such operations may adversely affect the company's business, results of operations and financial condition.
- There have been certain instances of delays, or errors in the past in relation to form filings with the Registrar of Companies, Maharashtra at Mumbai and instances of delays of filing of Forms GSTR3B with the tax authorities. The company may be subject to regulatory actions and penalties for any such past or future delays or errors and its business, financial condition and reputation may be adversely affected.
- The company requires sizeable amounts of working capital for its continued operation and growth. The company's inability to meet its working capital requirements could have an adverse effect on the company's business, results of operations and financial condition.
- The company is exposed to risks relating to theft and fraud in the company's operations, including the potential for misappropriation of gold and silver, fraudulent transactions, and cyber theft. Any incidents of theft or fraud, whether internal or external, could adversely affect its business, results of operations, and financial condition.
- The company is required to adhere to stringent quality management processes to ensure that the gold and silver its sell meet specific quality requirements. Any failures to comply with these quality standards could adversely affect the company's business and reputation.
- The Company, Subsidiaries, Promoters, Group Companies, Directors, Key Managerial Personnel and Senior Management Personnel are involved in certain legal and regulatory proceedings. Any adverse decision in such proceedings may have an adverse effect on the company's business, financial condition, cash flows and results of operations.
- The company's inability to maintain or enhance the popularity of its `Augmont' brand may adversely affect the company's business, results of operations and financial condition and any negative publicity, customer complaints, or adverse media coverage could also damage its brand reputation and impact customer perception.
- The company is required to comply with a stringent regulatory framework for operations and maintain several licenses and permits. Its failures to comply with applicable rules and regulations or maintain the licenses required for the company's business, or any changes to the existing legal framework or the introduction of new regulations, could have an adverse effect on its business and reputation.
- Government measures and public appeals discouraging gold purchases may adversely impact demand for gold and the company's business.
- One of the company's Material Subsidiaries, Augmont Goldtech Private Limited, operates a digital gold business in an evolving regulatory environment, and any future regulatory framework, including potential convergence with electronic gold receipts and bullion exchange norms, may impose significant compliance requirements and adversely affect its business, financial condition and results of operations.
- Under-utilization of the company's manufacturing and refining facilities could have an adverse effect on its business, results of operations and financial condition.
- The company's insurance coverage may not adequately protect it against all losses or the insurance cover may not be available for all the losses as per the insurance policy, which could adversely affect business, results of operations and financial condition.
- Riddisiddhi Bullions Limited, one of the company's promoter group entities, was in the past restrained from buying, selling or dealing in the securities markets from August 20, 2015 to April 5, 2018 in a matter involving trading in illiquid stock options. Further, the Company has also voluntarily availed benefit of a settlement scheme initiated by SEBI and settled the matter by paying the applicable settlement amount.
- The company depends on third-party logistics providers to enable the doorstep delivery of its products and any disruption in the services provided by these logistics providers, or security breaches during transportation could have an adverse effect on the company's business and reputation.
- The company is exposed to the industry-wide threats and challenges inherent to its operations, and any failures in effectively managing such threats and challenges may have an adverse impact on its business, results of operations, financial condition and cash flows.
- A decline in gold or silver prices could reduce the company's revenue and, given its thin operating margins, may materially impact the company's profitability and net worth.
- The company's inability to effectively manage or grow its delivery network may adversely affect the company's business, results of operations and financial condition.
- The company's revenue and working capital requirements are sensitive to movements in gold and silver prices.
- The company depends on strategic arrangements for its current operations and to grow the company's business and the termination of such arrangements may have an adverse effect on its business, results of operations and financial condition.
- The company exports its products to various countries and the company's revenue from outside India represented 6.05%, 12.16% and 4.67% of its revenue from operations for Fiscals 2026, 2025 and 2024, respectively. As such, the company's international operations expose it to complex management, legal, tax and economic risks, which could adversely affect the company's business, results of operations, cash flows and financial condition.
- Refining doré bars involves inherent costs, time delays and risk of metal losses that could adversely affect the company's operational efficiency, inventory valuation and profitability.
- The company's business operates on thin operating margins, and even minor disruptions, hedging, liquidity or execution could materially impact its profitability.
- The company's past performance may not be indicative of its future growth, primarily since the company's business is characterized by high transaction volumes and low operating margins, which exposes it to significant operational, financial and market risks. The company may not be able to effectively sustain or manage its growth or execute the company's growth strategies, which could have an adverse effect on its business, results of operations and financial condition.
- If the company fails to integrate or manage acquired companies or businesses efficiently, its overall profitability and growth plans could be adversely affected.
- The company operates in a competitive business environment and if the company is unable to compete effectively, its may lose market share and the company's profits may decline, which may adversely affect its business, results of operations and financial condition.
- The company's refining units are located in Rudrapur, Uttarakhand and Mumbai, Maharashtra, and its jewellery manufacturing unit is located in Sitapur SEZ, Jaipur, Rajasthan. Further, 101 of the company's `Gold for All' centers are located in the states of Andhra Pradesh, Telangana and Karnataka, and 5 `Gold for All' centres are located in Tamil Nadu in the Southern region of India. Any adverse developments affecting these regions could have an adverse effect on its business, results of operations, financial condition and cash flows.
- The company's business depends upon maintaining high levels of customer trust and satisfaction for its operations. Any negative incidents, such as disputes over quality and standard of gold and silver provided, and trading discrepancies, could have an adverse effect on the company's business, results of operations and financial condition.
- The company's Group Company and member of its Promoter Group, including Riddisiddhi Bullions Limited and the Company has common pursuits and any conflicts of interest may affect its business, results of operations and financial condition.
- For its jewellery business, if the company is unable to provide new designs or update its collections in accordance with customer preferences, it could adversely affect the company's business prospects, results of operations and cash flows.
- The company does not have significant experience in facilitating the trading of lab grown diamonds on its platform. The company's inability to compete successfully against other companies that are well established may adversely affect its business and results of operations.
- The company's inability to accurately forecast demand for its products and manage the company's inventory may have an adverse effect on its business, results of operations, financial condition and cash flows.
- The company's continued success is dependent on its Directors, senior management and skilled manpower. The company's inability to attract and retain key personnel or the loss of services of such personnel may have an adverse effect on its business prospects.
- Certain of the company's Promoters and Senior Management Personnel does not have formal educational qualifications and/or prior work experience, which may affect their ability to contribute effectively to the company's business.
- The company's contingent liabilities could adversely affect its financial condition if they materialise.
- The company has incurred negative cash flows from operating activities in the past and may incur negative cash flows in the future.
- There have been certain instances of non-payments or delays in payment of statutory dues by the company in the past. Any non-payment or delay in payment of statutory dues by the company in the future, may result in the imposition of penalties and in turn may have an adverse effect on the company's business, financial condition, results of operation and cash flows.
- The company is subject to various Indian laws and regulations regarding privacy and data security, and the company or its customers may be subject to regulations related to the handling and transfer of certain types of sensitive and confidential information. Any failures to comply with these laws and regulations could impose significant penal burden and could adversely impact the company's business and results of operations.
- Failures in internal control systems could cause operational errors which may have an adverse effect on the company's reputation, business, results of operations, financial condition and cash flows.
- Any failures to protect the company's intellectual property rights could adversely affect its competitive position, business, financial condition and results of operations.
- If the company inadvertently infringe on the intellectual property rights of others, its business and results of operations may be adversely affected.
- Certain sections of this Red Herring Prospectus disclose information from the Technopak Report which has been prepared exclusively for the Offer and commissioned and paid for by it exclusively in connection with the Offer and any reliance on such information for making an investment decision in the Offer is subject to inherent risks.
- The company's Promoters, members of its Promoter Group and Priyank Rakesh Kothari, nephew of Dimple Mukesh Kothari and grandson of Manakchand Saremal Kothari and Devkumari Manekchand Kothari will continue to hold a significant equity stake in the Company after the Offer and their interests may differ from those of the other shareholders.
- Certain non-GAAP financial measures relating to the company's operations and financial performance have been included in this Red Herring Prospectus. These non-GAAP financial measures are not measures of operating performance or liquidity defined by Ind AS and may not be comparable.
- The company's funding requirements and proposed deployment of the Net Proceeds of the Offer are proposed to be utilised to fulfil its working capital requirements and have not been appraised by a bank or a financial institution and if there are any delays or cost overruns, the company's business, cash flows, financial condition and results of operations may be adversely affected.
- Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
- The Company does not have any comparable listed peers and, therefore, investors must rely on their own examination of the Company.
- The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements and capital expenditures and the terms of the company's financing arrangements.
- The company's Registered and Corporate Office, and key operational centers including manufacturing facilities are located on premises that is held by it on a leave and license basis. If these leases and license agreements are terminated or not renewed and the company is not able to identify alternative premises on terms acceptable to the company, it could adversely affect its business, financial condition, results of operations, and cash flows.
- The lease agreements with the company's landlords are required to be stamped in accordance with the relevant state stamp duty legislation and registered under the Registration Act, 1908. Any failures to register and/or appropriately pay stamp duty on such agreements may affect its ability to enforce such agreements.
- Acquisitions of certain of its Subsidiaries by the Company, were undertaken without obtaining valuation reports.
- The company has incurred indebtedness and an inability to comply with repayment and other covenants in the company's financing agreements could adversely affect its business, results of operations, cash flows and financial condition.
- The transfer price at which the Equity Shares have been transferred by Mohinidevi Bhawarlal Kothari, Kalawati Prithviraj Kothari and Manakchand Saremal Kothari, the company's Promoters to Mahendra Kumar Nemichand Bafna, one of its Whole-time Directors and Sachin Kothari, one of the company's Non-executive Directors during the preceding 12 months may be lower than the Offer Price.
- The company has relied on affidavits for evidencing past work experience or educational qualifications for one of its Promoters and one of the company's Senior Management Personnel, and its cannot independently verify the accuracy of such information.
- The Offer Price, market capitalization to total revenue multiple and price to earnings ratio based on the Offer Price of the Company, may not be indicative of the market price of the Equity Shares on listing.
The Issue type of Augmont Enterprises Ltd is Book Building.
The minimum application for shares of Augmont Enterprises Ltd is 19.
The total shares issue of Augmont Enterprises Ltd is 10469540.
Initial public offering of 10,469,540 equity shares of face value of Rs. 5 each ("Equity Shares") of Augmont Enterprises Limited ("Company" or "Issuer") for cash at a price of Rs. 788 per equity share (including a share premium of Rs. 783 per equity share) ("Offer Price") aggregating to 825.00 Crores ("Offer") comprising a fresh issue of 7,868,019 equity shares of face value Rs. 5 each by the company aggregating to Rs. 620.00 Crores ( "Fresh Issue") and an offer for sale of 2,601,521 equity shares aggregating to Rs. 205.00 Crores, comprising of 880,710 equity shares aggregating to Rs. 69.4 Crores by Namita Ketan Kothari, 880,710 equity shares aggregating to Rs. 69.4 Crores by Vivek Prithviraj Kothari, and 840,101 equity shares aggregating to Rs. 66.2 Crores by Dimple Mukesh Kothari (collectively "The Promoter Selling Shareholders") ("Offer For Sale"). This offer includes a reservation of 50,761 equity shares of face value Rs. 5 each aggregating to Rs. 4.00 Crores (constituting 0.06% of the post-offer paid-up equity share capital) for purchase by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer would constitute 11.46% and 11.40%, respectively, of the post-offer paid-up equity share capital.
Price Band: Rs. 788 per equity share of face value of Rs. 5 each.
The floor price 157.60 times the face value of the equity shares, respectively.
Bids can be made for a minimum of 19 equity shares of face value of Rs. 5 each and in multiples of 19 equity shares of face value of Rs. 5 each thereafter.