Augmont Enterprises To Launch ₹825-Crore IPO On August 21; Price Band Set At ₹750-788
New Delhi: Integrated gold and silver platform Augmont Enterprises Ltd is set to launch its initial public offering (IPO) on August 21, seeking to raise Rs 825 crore at a price band of Rs 750-788 per equity share. The IPO will comprise a fresh issue of shares worth Rs 620 crore and an offer for sale (OFS) of shares worth Rs 205 crore by promoters, according to the company's public announcement on…
Augmont Enterprises, a gold and silver platform company, plans to launch its IPO on August 21, aiming to raise ₹825 crore. The price band for the shares has been set between ₹750 and ₹788 per equity share. The IPO will consist of a fresh issue of shares worth ₹620 crore and an offer for sale (OFS) of shares worth ₹205 crore by the promoters.
The share lot size is 19 shares with a face value of ₹5. The retail portion of the OFS is 35%, while the employee portion amounts to ₹4 crore. The company's market capitalisation will stand at around ₹7,200.2 crore if the share price reaches the upper limit of the band. The funds raised from the IPO will primarily be used for working capital requirements, inventory procurement, expansion, maintenance, and various corporate expenses.
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