Khaitan & Co, JSA, Hogan Lovells Cadwalader act on Augmont ₹825 crore IPO

Augmont Enterprises Limited has raised ₹825 crore from an initial public offer of equity shares, consisting of fresh issue aggregating up to ₹620 crore; and offer for sale by the Promoter Selling Shareholders aggregating up to ₹205 crore.

Khaitan & Co advised Augmont on this IPO.

The transaction team consists of Abhimanyu Bhattacharya (Partner), Thomas George (Partner), Prathiksha Panduranga (Counsel), Tharun Vadlaptla (Senior Associate), Sanjeev Ramakrishnan (Associate), Lakshmi Raj C (Associate) and Shishir Mani Tripathi (Associate).

JSA Advocates & Solicitors advised the Book Running Lead Managers Nuvama Wealth Management Limited, Intensive Fiscal Services Private Limited, JM Financial Limited, and Motilal Oswal Investment Advisors Limited, in this IPO.

The transaction was led by Arka Mookerjee (Partner), with support from Pracheta Bhattacharya (Partner), Anshu Bansal (Partner), Kairav Parikh (Partner), Associates Shreya Sharma, Palak Karundia, Aditi Khandal, Ritu R. Jaiswal and Johann Duckworth.

Hogan Lovells Cadwalader served as the international legal counsel to the BRLMs.

The transaction was led by Biswajit Chatterjee (Head of the India Practice and Dubai Office Managing Partner), with support from Varun Jetly (Counsel), Aditya Dsouza (Senior Associate) and Suchisubhra Sarkar (Senior Associate).

Augmont serves as an integrated gold platform in India, covering everything from refining to retailing, and aims to simplify gold ownership with solutions like gold loans, SIPs, and the purchase of coins and bars.  It specializes in providing 24k gold online, along with options for digital gold and silver.

The IPO drew substantial interest from anchor investors as well as retail investors and was oversubscribed by 111.18 times.

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