Narmadesh Brass Industries GMP IPO Date, Review, Price, Allotment Details IPO
Narmadesh Brass Industries IPO Summary
IPO Open Date: 12 Jan 2026
IPO Close Date: 15 Jan 2026
Price Band: ₹515 Per Share
Issue Size: Approx ₹45 Crores
Listing Exchange: BSE SME
Website: https://www.narmadeshbrass.com/
Narmadesh Brass Industries IPO Overview
armadesh Brass Industries IPO is a fixed price issue of ₹44.87 crores. The issue is a combination of fresh issue of 0.07 crore shares aggregating to ₹36.09 crores and offer for sale of 0.02 crore shares aggregating to ₹8.78 crores.
Narmadesh Brass Industries IPO opens for subscription on Jan 12, 2026 and closes on Jan 15, 2026. The allotment for the Narmadesh Brass Industries IPO is expected to be finalized on Jan 16, 2026. Narmadesh Brass Industries IPO will list on BSE SME with a tentative listing date fixed as Jan 20, 2026.
Narmadesh Brass Industries IPO price is ₹515 per share. The lot size for an application is 240. The minimum amount of investment required by an individual investor (retail) is ₹2,47,200 (480 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (720 shares), amounting to ₹3,70,800.
Narmadesh Brass Industries IPO Details
| Company Name | Narmadesh Brass Industries Ltd |
| IPO Open Date | 12 Jan 2026 |
| IPO Close Date | 15 Jan 2026 |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹515 Per Share |
| Issue Size | Approx ₹45 Crores |
| Fresh Issue | Approx ₹45 Crores |
| Offer for Sale | Approx 1,70,400 Equity Shares |
| Issue Type | Fixed Price Issue |
| Listing On | BSE SME |
Narmadesh Brass Industries IPO Review & Key Points
NeutralNarmadesh Brass Industries IPO Market Lot
The Narmadesh Brass IPO minimum market lot is 480 shares with ₹2,47,200 application amount.
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 480 | ₹2,47,200 |
| Retail Maximum | 2 | 480 | ₹2,47,200 |
| S-HNI Minimum | 3 | 720 | ₹3,70,800 |
Narmadesh Brass Industries IPO Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| NII / HNI | 4,12,800 Shares | 47.38% |
| Retail | 4,12,800 Shares | 47.38% |
Narmadesh Brass Industries IPO Dates & Allotment
The Narmadesh Brass IPO date is January 12 and the close date is January 15. The Narmadesh Brass IPO allotment will be finalized on January 16 and the IPO listing on January 20.
| IPO Opening Date | 12 Jan 2026 |
| IPO Closing Date | 15 Jan 2026 |
| Bidding Cutoff Time | 5 PM |
| Basis of Allotment | 16 Jan 2026 |
| Refunds Initiation | 19 Jan 2026 |
| Credit to Demat | 19 Jan 2026 |
| IPO Listing Date | 21 Jan 2026 |
Narmadesh Brass Industries IPO Objects of the Issue & Utilization of Proceeds
| Description | Amount |
|---|---|
| Repayment/ prepayment, in full or in part, of certain outstanding borrowings | ₹14.50 |
| Purchase of machinery and equipment | ₹3.29 |
| Funding Working capital requirements | ₹10.20 |
| General Corporate Purpose | ₹- |
Narmadesh Brass Industries Ltd Financials
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹60.09 | ₹58.92 | ₹0.89 | ₹22.00 |
| 2024 | ₹79.06 | ₹69.38 | ₹7.10 | ₹46.68 |
| 2025 | ₹88.05 | ₹80.92 | ₹5.72 | ₹59.66 |
| September 2025 | ₹34.21 | ₹29.37 | ₹4.01 | ₹63.10 |
Narmadesh Brass Industries IPO Valuation
Check Narmadesh Brass IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Parameter | Value |
|---|---|
| Earnings Per Share (EPS) | ₹26.23 (Basic) |
| P/E Ratio | 19.63 |
| Return on Equity (ROE) | 49.99% |
| Return on Capital Employed (ROCE) | 23.29% |
| Return on Net Worth (RoNW) | 49.99% |
| Net Asset Value (NAV) | ₹57.24 |
| EBITDA Margin | 10.64% |
| PAT Margin | 6.52% |
| Debt to Equity Ratio | 1.68 |
Narmadesh Brass Industries IPO Peer Group Comparison
| Company | EPS | P/E | RoNW % | NAV | Total Income |
|---|---|---|---|---|---|
| Poojawestern Metaliks Limited | 1.53 | 18.67 | 11.46% | 13.38 | 50.37 Cr. |
| Siyaram Recycling Industries Limited | 6.69 | 8.10 | 11.49% | 58.24 | 515.56 Cr. |
Narmadesh Brass Industries IPO Promoters & Holding Pattern
The promoters of the company are M/s. Sprayking Limited, Mr. Hitesh Dudhagara and Mrs. Ronak Dudhagara.
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 24,00,000 | 99.92% |
| Promoter Holding Post Issue | 31,00,800 | 71.84% |
Narmadesh Brass Industries IPO Lead Managers (Merchant Bankers)
- Aryaman Financial Services Ltd
About Narmadesh Brass Industries Ltd
Narmadesh Brass Industries is a modern brass manufacturing company based in Jamnagar, Gujarat, that produces a range of products including brass billets, rods, valves, and plumbing fittings
Narmadesh Brass Industries Ltd Address
Jamnagar, Gujarat, 361012Phone: +91 028 95299401
Email: [email protected]
Narmadesh Brass Industries IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://ipostatus.kfintech.com/