Augmont Enterprises IPO Day 3: Subscribed over 105x led by institutional demand
Augmont Enterprises' ₹825-crore IPO was subscribed 105.23 times by the close of bidding on Tuesday, driven by strong institutional demand. The non-institutional investor (NII) portion saw 121.28 times subscription, while the qualified institutional buyer (QIB) category reached 226.96 times. The IPO proceeds will primarily fund working capital needs and corporate purposes.