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Narmadesh Brass Industries Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed BSE SME SME Live Chart
Issue Price
₹515
Per Share
GMP
NIL
Grey Market
Est. Listing
₹515
Expected Price
Min. Application
₹247,200
2 lots × 240 shares
IPO Issue Details
Issue Price / Price Band₹515 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size240 Shares per Lot
Total Issue Size8,71,200 shares (agg. up to ₹45 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital & OFS
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 12 Jan 2026
Subscription CloseThu, 15 Jan 2026
Anchor AllotmentSun, 11 Jan 2026
Basis of AllotmentFri, 16 Jan 2026
Initiation of RefundsMon, 19 Jan 2026
Credit of Shares to DematMon, 19 Jan 2026
Listing DateTue, 20 Jan 2026
UPI Mandate Deadline5:00 PM on 15 Jan 2026 (Day 3)
Application & Investment Details
Retail — Min (2 Lots)₹2,47,200 — 480 shares
Retail — Max (13 Lots)₹1,606,800 (13 Lots)
HNI — Min (3 Lots)₹3,70,800 — 720 shares
EPS (Pre-IPO)₹26.23
EPS (Post-IPO)₹25.87
P/E Ratio (Pre-IPO)19.63x
P/E Ratio (Post-IPO)19.9x
Net Offer to Public8,25,600 shares (agg. up to ₹43 Cr)
Reserved for Market Maker45,600 shares (agg. up to ₹2 Cr)
Pre-IPO Promoter Holding24,00,000 shares
Post-IPO Promoter Holding31,00,800 shares
Fresh Issue Shares(Ex Market Maker)6,55,200 shares (agg. up to ₹34 Cr)
Offer for Sale Shares1,70,400 shares of ₹10 (agg. up to ₹9 Cr)
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

Narmadesh Brass Industries Ltd proposes to utilise the net proceeds from the Issue for the following objects:

1
Repayment/ prepayment, in full or in part, of certain outstanding borrowings
14.50
2
Purchase of machinery and equipment
3.29
3
Funding Working capital requirements
10.20
4
General Corporate Purpose
4.60
Shareholding & Lock-in
Pre-IPO Promoter Holding 24,00,000 shares
Post-IPO Promoter Holding 31,00,800 shares
Check AllotmentCheck Status →
Narmadesh Brass Industries Ltd — Live Price LIVE
₹515.00
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Issue ₹515.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹515
GMPNIL
Est. Listing₹515
Lot Size240 shares
Min Amount₹247,200
Listing Date20 Jan 2026
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹515
Listing Date20 Jan 2026
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 45,600 ₹2.35 Cr
TOTAL 871,200 100.00% ₹44.87 Cr
* Based on ₹515.00 (upper price band)
Lot Size & Investment Details
Lot Size
240
Shares
Issue Price
₹515.00
Per Share
Min Investment
₹123,600
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 240 ₹123,600
Retail (Max) 13 3,120 ₹1,606,800
sNII (Min) 14 3,360 ₹1,730,400
bNII (Min) 68 16,320 ₹8,404,800
Company Financials — Restated Consolidated (Amount in ₹ Crore)
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
Total Borrowings 19.21 24.73 22.43
Key Ratios & Valuation
Issue Price ₹515
Face Value ₹10 Per Share
P/BV 5.50
RoE 17.86%
RoCE 13.31%
RoNW 17.86%
PAT Margin (%) 11.74
EBITDA Margin (%) 18.26
Debt / Equity N/A
Company Details
Company
Narmadesh Brass Industries Ltd
Exchange
BSE SME
IPO Type
SME IPO
Issue Type
Fixed Price IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
Plot No. 5, 8 & 9 Survey No. 433, Shree Ganesh Industrial Hub Changa Village Jamnagar, Gujarat, 361012
Book Running Lead Managers
Aryaman Financial Services Ltd.
Book Running Lead Manager (BRLM)