Augmont Enterprises Limited
Open now21–25 Aug 2026
Updated 2026-08-21 (IST)
Business overview
An integrated gold and silver platform in India serving businesses and consumers, with operations spanning across multiple segments of the gold and silver value chain including procurement and refining, bullion trading, digital gold offerings, jewellery manufacturing, international sales and facilitating gold-backed financial services.
Profit & Loss
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| 2023 | 2024 | 2025 | ||
|---|---|---|---|---|
| Sales | 31,289 | 34,921 | 66,231 | |
| Operating Profit | 63 | 104 | 304 | |
| OPM % | 0.2% | 0.3% | 0.5% | |
| Net Profit | 44 | 76 | 227 | |
| Total Debt | 193 | 55 | 22 |
Offer structure
Total: ₹800 cr. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Use of proceeds- Funding future working capital requirements towards procurement, maintenance and scaling up of inventory and funding advance margin requirements for procurement of inventory by our Company — ₹465 cr
- General corporate purposes
Promoters
- Ketan Bhawarlal Kothari — Whole-time Director
- Mohinidevi Bhawarlal Kothari — Promoter
- Kalawati Prithviraj Kothari — Promoter
- Namita Ketan Kothari — Promoter
- Devkumari Manekchand Kothari — Promoter
Strengths & risks
Company-stated strengths and disclosed risk factors from the offer document.
- Deep domain knowledge of the gold and silver industry with an integrated model and a well-established brand (p.223)
- Diversified business model with synergies in operations (p.224)
- Efficient procurement operations and a wide distribution network (p.224)
- Scalable technology enabled ecosystem with robust price discovery mechanism (p.225)
- Track record of consistent financial performance (p.226)
- Disruptions in IT systems or data security breaches on our online platforms could adversely affect our business and reputation. (p.25)
- Volatility in gold and silver prices affects product demand and inventory valuation, impacting financial condition. (p.25)
- High revenue concentration from enterprise sales on Augmont SPOT and international sales exposes us to demand decline risks. (p.25)
- Inability to continuously and cost-effectively procure gold and silver bullion may adversely affect operations. (p.25)
- Inaccuracies in price discovery capabilities or technology disruptions could harm our business and reputation. (p.25)
Market & competition
Among the BIS-accredited refineries, MMTC-PAMP has the highest refining capacity at 300 tonnes per annum, followed by Augmont Enterprises with second highest capacity at 280 tonnes, making them two of the most prominent organised players in India’s gold refining landscape.
Future outlook
Our strategy for our enterprise business is to increase the number of customers to whom we sell gold and silver bullion, particularly in Tier 2 to Tier 4 cities where we believe there is demand for such products. We plan on setting up new physical delivery centers across Tier 3 and Tier 4 cities in India and set up 15 new centers by Fiscal 2029. We intend to introduce additional products for sale on our platform such as hallmarked, quality-assured finished and semi-finished jewellery and other alloy materials.
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Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
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