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Narmadesh Brass Industries Ltd

Narmadesh Brass Industries Ltd

BSE SME · SME IPO
Listed BSE SME SME Live Chart
Issue Price
₹515
₹515
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹515
Based on GMP
Min. Investment
₹123,600
1 lot × 240 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
12 Jan 2026
Close Date
15 Jan 2026
Allotment
16 Jan 2026
Listing Date
20 Jan 2026
Exchange
BSE SME
Price Band
₹515
Listing Price
See chart
Allotment Status
Price Band
₹515
Per share
Face Value
₹10 per share
 
Lot Size
240 Shares
per lot
Issue Size
8,71,200 shares (agg. up to ₹45 Cr)
Total offering
Issue Type
Fixed Price IPO
 
Min Investment
₹123,600
1 lot
Pre-IPO Holding
24,00,000 shares
Promoters
Post-IPO Holding
31,00,800 shares
Promoters
P/E (Pre)
19.63x
 
P/E (Post)
19.9x
 
EPS (Pre)
₹26.23
 
EPS (Post)
₹25.87
 
UPI Deadline
5:00 PM on 15 Jan 2026
Mandate
Anchor AllotmentSun, 11 Jan 2026
Basis of AllotmentFri, 16 Jan 2026
Refund InitiationMon, 19 Jan 2026
Demat CreditMon, 19 Jan 2026
Listing DayTue, 20 Jan 2026
UPI Mandate Deadline5:00 PM on 15 Jan 2026
Sale TypeFresh Capital & OFS
Net Offer to Public8,25,600 shares (agg. up to ₹43 Cr)
Market Maker Quota45,600 shares (agg. up to ₹2 Cr)
Fresh Issue Shares(Ex Market Maker)6,55,200 shares (agg. up to ₹34 Cr)
Offer for Sale1,70,400 shares of ₹10 (agg. up to ₹9 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Narmadesh Brass Industries Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 15 Jan 2026.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
45,600
₹2.35
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
871,200
100% ₹44.87
IPO Shares Offered
Narmadesh Brass Industries Ltd IPO total issue size: ₹44.87 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 45,600 ₹2.35
5.23%
Total 871,200 ₹44.87
100.00%
* Based on upper price band ₹515 per share
Lot Size & Investment
Lot Size
240
Shares per Lot
Issue Price
₹515.00
Upper Band
Min Investment
₹123,600
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2480₹247,200
Retail (Max — 13 Lots)133,120₹1,606,800
S-HNI (Min — 14 Lots)143,360₹1,730,400
B-HNI (Min — 68 Lots)6816,320₹8,404,800
* Issue Price ₹515 × Lot Size 240 shares
IPO Schedule
Anchor
11 Jan 2026
✓ Done
IPO Open
12 Jan 2026
✓ Done
IPO Close
15 Jan 2026
✓ Done
Allotment
16 Jan 2026
✓ Done
Refunds
19 Jan 2026
✓ Done
Demat Credit
19 Jan 2026
✓ Done
Listing Day
20 Jan 2026
✓ Done
Narmadesh Brass Industries Ltd — Live Price LIVE
₹515.00
INR · BSE
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Issue ₹515.00 Live Price
About Narmadesh Brass Industries Ltd
Narmadesh Brass Industries Ltd. is a modern brass manufacturing company based in Jamnagar, Gujarat.The company’s manufacturing facility spans 6,293 m², situated at Plot Nos. 5, 8 & 9 in the Shree Ganesh Industrial Hub, Jamnagar – a city renowned as India’s “Brass City” due to its dense concentration of brass producers.Narmadesh specializes in producing a wide variety of brass products for both domestic and export markets. Their portfolio includes:Brass BilletsBrass RodsBrass Valves (including ball valves and NRVs)Plumbing and Sanitary Fittings (including lead-free options)Agricultural Sprayer Parts and Garden FittingsCustomization via Casting, Forging, Turning, CNC & VMC Machined Components.Their in-house processes ensure tight control over quality, from production to dispatch.The company holds ISO 9001:2015 certification for its Quality Management System, reflecting strong adherence to international quality benchmarks.This includes its capabilities in casting and forging operations, all executed within the same premises.As of September 30, 2025, the firm employed 81 contract labourers to support its manufacturing operations.Competitive StrengthsA well-equipped, ISO-certified manufacturing facility located in the brass-rich hub of Jamnagar (often referred to as “Brass City”) ensures efficiency and supply chain advantages.Full process control—from raw brass billet casting to finished product dispatch—allows better quality assurance and responsiveness to client needs.Experienced promoters and management team, including leadership by Hitesh Pragajibhai Dudhagara and others who bring continuity from the prior partnership structure.
Objects of the Issue
1
Repayment/ prepayment, in full or in part, of certain outstanding borrowings
2
Purchase of machinery and equipment
3
Funding Working capital requirements
4
General Corporate Purpose
Narmadesh Brass Industries Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹79.1
31 Mar 2024
₹88.1
31 Mar 2025
₹34.2
30 Sep 2025
Profit After Tax (PAT)
₹7.1
31 Mar 2024
₹5.7
31 Mar 2025
₹4.0
30 Sep 2025
Particulars30 Sep 202531 Mar 202531 Mar 2024
Revenue from Operations 34.21 88.05 79.06
EBITDA 6.24 9.34 11.41
Profit After Tax (PAT) 4.01 5.72 7.10
Net Worth 22.46 11.45 5.73
Total Assets 63.10 59.66 46.68
Reserves & Surplus 23.30 12.69 6.97
Borrowings 19.21 24.73 22.43
EBITDA Margin (%) 18.26
PAT Margin (%) 11.74
P/BV Ratio
5.50
RoE
17.86%
RoCE
13.31%
RoNW
17.86%
PAT Margin
11.74
EBITDA Margin
18.26
Issue Structure & Shareholding
Total Shares Offered8,71,200 (100.00%)
Net Offer to Public8,25,600 shares (agg. up to ₹43 Cr)
Reserved for Market Maker45,600 shares (agg. up to ₹2 Cr)
Pre-Issue Promoter Holding24,00,000 shares
Post-Issue Promoter Holding31,00,800 shares
P/BV Ratio5.50
RoE17.86%
RoCE13.31%
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Aryaman Financial Services Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Narmadesh Brass Industries Ltd IPO subscribed?

Narmadesh Brass Industries Ltd IPO is subscribed 1.00 times by Jan 15, 2026. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Narmadesh Brass Industries Ltd IPO retail subscription status?

The Narmadesh Brass Industries Ltd IPO retail category is subscribed 1.00 times as of 15 Jan 2026. The retail portion is oversubscribed.

How to subscribe Narmadesh Brass Industries Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 12 Jan 2026 and closes 15 Jan 2026. Min investment: ₹123,600 (1 lot = 240 shares). UPI mandate: 5:00 PM on 15 Jan 2026.

How many times Narmadesh Brass Industries Ltd IPO subscribed?

The Narmadesh Brass Industries Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Narmadesh Brass Industries Ltd IPO allotment?

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 16 Jan 2026. Refunds: on 19 Jan 2026.

When Narmadesh Brass Industries Ltd IPO will be listed?

The Narmadesh Brass Industries Ltd IPO listing date is 20 Jan 2026, Tuesday. Listed on: BSE SME. Issue price: ₹515. Estimated listing: ₹515. GMP: NIL.

When Narmadesh Brass Industries Ltd IPO close?

The Narmadesh Brass Industries Ltd IPO closes on 15 Jan 2026, Thursday. UPI mandate: 5:00 PM on 15 Jan 2026. Allotment: 16 Jan 2026. Listing: 20 Jan 2026.