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Home All IPOs Narmadesh Brass Industries Ltd IPO
Narmadesh Brass Industries Ltd IPO
BSE SME Fixed Price IPO Fresh Capital & OFS Closed Live Chart
GMP +₹0 +0% Est. Listing ₹515
Issue Price
₹515
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹515
GMP based
Lot Size
240
shares / lot
Min Amount
₹123,600
1 lot · 240 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
12 Jan 2026
Mon Completed
Done
Close Date
15 Jan 2026
Thu Completed
Done
Allotment
16 Jan 2026
Fri Completed
Done
Refund
19 Jan 2026
Mon Completed
Done
Demat Credit
19 Jan 2026
Mon Completed
Done
Listing Date
20 Jan 2026
Tue Completed
Issue Details
Pricing & Size
Issue Price
₹515 Face ₹10
Lot Size
240 shares
Min Investment
₹123,600
Total Issue Size
8,71,200 shares (agg. up to ₹45 Cr)
IPO Information
Issue Type
Fixed Price IPO
Sale Type
Fresh Capital & OFS
Listing Exchange
BSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
45,600 (5.23%)
QIB Portion
-
NII / HNI
4,12,800 (47.38%)
Retail
4,12,800 (47.38%)
Employee
-
Net Offer to Public
8,25,600 shares (agg. up to ₹43 Cr)
Shareholding Pattern
Pre-Issue Shareholding
24,00,000 shares
Post-Issue Shareholding
31,00,800 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 2 480 ₹2,47,200
HNI / NII 3 720 ₹3,70,800
Objects of Issue
4 objectives
1
Repayment/ prepayment, in full or in part, of certain outstanding borrowings
14.50 Cr
2
Purchase of machinery and equipment
3.29 Cr
3
Funding Working capital requirements
10.20 Cr
4
General Corporate Purpose
4.60 Cr
Lead Managers & Market Maker
Book Running Lead Managers
Aryaman Financial Services Ltd.
Market Maker
JSK Securities & Services Pvt.Ltd
IPO Timeline
Open
12 Jan
✓ Done
Close
15 Jan
✓ Done
Allotment
16 Jan
✓ Done
Listing
20 Jan
✓ Done
Registrar Details
Kfin Technologies Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
04067162222, 04079611000
Email
einward.ris@kfintech.com
Company Contact
Email
info@narmadeshbrass.com
Phone
+91 028 95299401
Address
Plot No. 5, 8 & 9 Survey No. 433, Shree Ganesh Industrial Hub Changa Village Jamnagar, Gujarat, 361012
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹515
Est. Listing
₹515
Lot Size
240 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Narmadesh Brass Industries Ltd LIVE
INR ·
vs Issue
Open
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P/E
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| Price
Market Reference
IPO Issue Price
₹515
GMP
+₹0 (+0%)
GMP Est. Listing
₹515
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
NII / HNI (Total) 4,12,800 (47.38%) ₹2,125.92 Cr
Retail Investors 4,12,800 (47.38%) ₹2,125.92 Cr
Total ** 8,71,200 (100.00%) ₹44,866.81 Cr
Market Maker * 45,600 (5.23%) ₹23.48 Cr
* Based on ₹515.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
NII
4,12,800 (47.38%)
Retail
4,12,800 (47.38%)
Market Maker
45,600 (5.23%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Crore
Metric30 Sep 202531 Mar 202531 Mar 2024
Revenue34.2188.0579.06
PAT4.015.727.10
EBITDA6.249.3411.41
Net Worth22.4611.455.73
Total Assets63.1059.6646.68
Reserves23.3012.696.97
Borrowings19.2124.7322.43
Key Financial Ratios
17.86%
ROE
Return on Equity
13.31%
ROCE
Return on Capital Employed
17.86%
RONW
Return on Net Worth
11.74
PAT Margin
PAT / Revenue
18.26
EBITDA Mgn
EBITDA / Revenue
5.50
P/BV
Price to Book Value
26.23
Pre EPS
EPS Pre-Issue
25.87
Post EPS
EPS Post-Issue
19.63
Pre P/E
P/E Pre-Issue
19.9
Post P/E
P/E Post-Issue
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 Billets
  • Brass Rods
  • Brass Valves (including ball valves and NRVs)
  • Plumbing and Sanitary Fittings (including lead-free options)
  • Agricultural Sprayer Parts and Garden Fittings
  • Customization 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 Strengths

  • A 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.
Frequently Asked Questions
What is the issue price of Narmadesh Brass Industries Ltd IPO?
The issue price of Narmadesh Brass Industries Ltd IPO is ₹515 per share, face value ₹10.
What is the lot size?
Minimum lot size is 240 shares, requiring ₹123,600.
What are the IPO dates?
Opens 12 Jan 2026, closes 15 Jan 2026.
When is the listing date?
Tentative listing: 20 Jan 2026 on BSE SME.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹515 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Narmadesh Brass Industries Ltd IPO · Expected 16 Jan 2026

Check on Registrar
Post-IPO Timeline
Allotment Date
16 Jan 2026
Refund Initiation
19 Jan 2026
Demat Credit
19 Jan 2026
Listing Date
20 Jan 2026
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹515
Face ₹10
Lot Size
240
shares / lot
Min Amount
₹123,600
1 lot
Est. Listing
₹515
GMP +₹0
Key Dates
Open
12 Jan Done
Close
15 Jan Done
Listing
20 Jan Done
Registrar
Kfin Technologies Ltd.
A
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