Augmont Enterprises IPO Day 2: GMP jumps to 48%, issue subscribed 2.74x — Should you subscribe?

Augmont Enterprises IPO entered its second day with strong demand, reaching 2.74 times subscription on Day 1. GMP climbed to 48%, indicating potential listing gains. The Rs 825 crore issue benefits from an integrated gold and silver ecosystem, strong financial growth and positive brokerage views, though valuation and working-capital risks remain.