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Augmont Enterprises IPO shows grey market premium above ₹380 per share
The IPO is priced at ₹788 at the upper end of its band, implying an estimated listing price near ₹1,168, or about 48.2% higher, with the GMP rising over the past seven sessions.
Grey market data for Augmont Enterprises’ mainboard IPO points to a potential listing premium, with the latest IPO grey market premium (GMP) indicating more than ₹380 per share above the upper end of the issue price band.
LiveMint Markets said the IPO is priced at the upper end of the ₹788 per share band, and that the prevailing GMP implies an estimated listing price of about ₹1,168 per share, roughly 48.2% higher than the IPO price. The outlet also noted that GMP is unofficial and can be volatile, so it does not guarantee gains on the listing day.
Subscription activity is also being closely watched, with the issue’s subscription status at 1.18x on day 2, according to BSE data. LiveMint Markets added that the retail portion is subscribed 1.18x and the NII portion is booked at 1.13x, while QIBs had yet to receive bids at the time of the report.
BSE data cited by LiveMint Markets showed bids for 21,48,1,398 shares against 18,14,5,406 shares on offer at 10:48 IST. The outlet also referenced Swastika Investmart’s concerns that profitability remains thin, with a PAT margin below 0.4%, and flagged concentration and governance issues including that a promoter group entity contributed 27.44% of FY26 revenue and the top 10 customers accounted for 52.09% of FY26 revenue without long-term contracts.