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.
| Category | Shares Offered* | Total Amt* (₹ Cr.) |
|---|---|---|
|
Anchor
|
45,600 | ₹2.350 |
|
NII
|
412,800 | ₹21.260 |
|
Retail
|
412,800 | ₹21.260 |
| Total ** | 871,200 | ₹44.870 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min — 2 Lots) | 2 | 480 | ₹247,200 |
| Retail (Max — 13 Lots) | 13 | 3,120 | ₹1,606,800 |
| S-HNI (Min — 14 Lots) | 14 | 3,360 | ₹1,730,400 |
| S-HNI (Max — 66 Lots) | 66 | 15,840 | ₹8,157,600 |
| B-HNI (Min — 67 Lots) | 67 | 16,080 | ₹8,281,200 |
| Category | QIB | NII | Retail | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Ex. Anchor | Anchor Investor | Total QIB | Below ₹10L | Above ₹10L | Total NII | |||
| Allocation (No. of shares) | — | — | — | — | — | 412,800 | 412,800 | 825,600 |
| Allotment price (Rs.) | 515 | 515 | 515 | 515 | 515 | 515 | 515 | 515 |
| No. of applications | — | — | — | — | — | — | — | — |
| No. of shares applied | — | — | — | — | — | — | — | — |
| Amount collected (Rs.cr.) | — | 2.35 | — | — | — | 21.26 | 21.26 | 42.52 |
| No. of times subscribed | — | — | — | — | — | — | — | — |
| No. of shares allotted | — | — | — | — | — | 412,800 | 412,800 | 825,600 |
| Amount (Rs.cr.) | — | 2.35 | — | — | — | 21.26 | 21.26 | 42.52 |
| No. of allottees | — | — | — | — | — | — | — | — |
| Category | Shares Offered | Amt (₹ Cr) | Size (%) |
|---|---|---|---|
| Anchor / Market Maker | 45,600 | ₹2.35 |
5.23%
|
| NII / HNI | 412,800 | ₹21.26 |
47.38%
|
| Retail (RII) | 412,800 | ₹21.26 |
47.38%
|
| Total | 871,200 | ₹44.87 |
100.00%
|
| Particulars | 30 Sep 2025 | 31 Mar 2025 | 31 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 |
| Total Borrowings | 19.21 | 24.73 | 22.43 |
| EBITDA Margin (%) | 18.26 | — | — |
| PAT Margin (%) | 11.74 | — | — |
Narmadesh Brass Industries Ltd proposes to utilize the net proceeds raised through this IPO for the following objects as stated in the Draft Red Herring Prospectus (DRHP) filed with SEBI: