India's Augmont Enterprises falls in trading debut

Augmont Enterprises

31/08/2026 09:13

** Shares of Augmont Enterprises AUGM.NS fall 4.4% to 918.85 rupees in trading debut, valuing company at 83.96 bln rupees ($882.1 mln)
** Stock opened at 961 rupees, 22% higher than the IPO issue price of 788 rupees
** Gold and silver platform's 8.25-bln-rupee IPO, which comprised fresh shares issue as well as sale of shares by existing shareholders, was subscribed nearly 106x
** Proceeds from IPO to be used towards procurement, maintenance and scaling up of inventory and funding advance margin requirements for procurement of inventory
** Trading volume at 15.5 mln shares so far

($1 = 95.1800 Indian rupees)

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))