Augmont Enterprises IPO opens for bidding, GMP at 38%. Should you subscribe?

Augmont Enterprises’ Rs 825 crore IPO opened for subscription on August 21, with the grey market premium (GMP) at 38%, signalling potentially strong listing gains. The issue comprises a fresh issue worth Rs 620 crore and an offer for sale of Rs 205 crore. The three-day bidding window closes August 25, with listing scheduled for August 31.