Narmadesh Brass Industries IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 515 – 515
Lot Size
240
Issue Size
₹45 Cr
Minimum Investment
₹247200 (480 Shares)
Listing Date
21 January 2026
Subscription
1.31x
About the Company
Narmadesh Brass Industries Ltd. is a modern brass manufacturing company headquartered in Jamnagar, Gujarat, a city widely recognized as India’s “Brass City” due to its high concentration of brass manufacturing units.
The company operates a state-of-the-art manufacturing facility spread across 6,293 square meters, located at Plot Nos. 5, 8 & 9, Shree Ganesh Industrial Hub, Jamnagar. The integrated facility enables efficient production and stringent quality control across all stages of manufacturing.
Narmadesh Brass Industries Ltd. specializes in the production of a diverse range of brass products catering to both domestic and international markets. The company’s product portfolio includes:
- Brass Billets
- Brass Rods
- Brass Valves, including Ball Valves and Non-Return Valves (NRVs)
- Plumbing and Sanitary Fittings, including Lead-Free variants
- Agricultural Sprayer Components and Garden Fittings
- Customized Components manufactured through Casting, Forging, Turning, CNC, and VMC machining processes
All major manufacturing processes, including casting and forging, are carried out in-house, allowing the company to maintain strict control over product quality, consistency, and delivery timelines—from raw material processing to final dispatch.
The company is certified under ISO 9001:2015 for its Quality Management System, demonstrating its commitment to maintaining internationally recognized quality standards and continuous improvement.
As of September 30, 2025, Narmadesh Brass Industries Ltd. employed 81 contract laborers to support its manufacturing and operational activities.
Promoters
- M/s. Sprayking Limited
- Mr. Hitesh Dudhagara
- Mrs. Ronak Dudhagara
Promoters Holding
Holding Pre Issue
99.92%
Holding Post Issue
71.84%
Objects of the Issue
The Company Narmadesh Brass Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings
- Purchase of machinery and equipment
- Funding Working capital requirements
- General Corporate Purpose
Address / Contact Info
Narmadesh Brass Industries Ltd.
Plot No. 5, 8 & 9
Survey No. 433, Shree Ganesh Industrial Hub
Changa Village
Jamnagar, Gujarat, 361012
Phone: +91 028 95299401
Email: info@narmadeshbrass.com
Website: https://www.narmadeshbrass.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 12 January 2026
IPO Close Date
Friday, 16 January 2026
Basis of Allotment
Monday, 19 January 2026
Initiation of Refunds
Tuesday, 20 January 2026
Credit of Shares to Demat
Tuesday, 20 January 2026
Listing Date
Wednesday, 21 January 2026 — NSE & BSE
Important Dates
Open Date
12 January 2026
Close Date
16 January 2026
Basis Of Allotment
19 January 2026
Listing Date
21 January 2026
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 63.1 | 59.66 | 46.68 | 22 |
| Revenue | 34.21 | 88.05 | 79.06 | 60.09 |
| Profit After Tax | 4.01 | 5.72 | 7.1 | 0.89 |
| Net Worth | 22.46 | 11.45 | 5.73 | 8.3 |
| Reserve & Surplus | 23.3 | 12.69 | 6.97 | 0 |
| Total Borrowings | 19.21 | 24.73 | 22.43 | 5.94 |
EPS Pre
26.23%
EPS Post
25.87%
P/E Pre
19.63
P/E (Post Issue)
19.90x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 17.86 | 49.99 | 123.94 | 10.77 |
| ROCE % | 13.31 | 23.29 | 37.05 | 11.2 |
| Debt / Equity | 0 | 0 | 0 | 0 |
| RoNW % | 17.86 | 49.99 | 123.94 | 10.77 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 11.74 | 6.52 | 9 | 1.49 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Non-Institutional | 412800 | 50 | 0 |
| Retail Investors | 412800 | 50 | 0 |
| Total | 825600 | 100 | 0 |
Subscription Status ( Fri, 16 Jan 26 01:41 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 58080 | 0x |
| Non-Institutional | 412800 | 837120 | 2.03x |
| Retail Investors | 412800 | 182880 | 0.44x |
| Total | 825600 | 1078080 | 1.31x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Narmadesh Brass Industries Ltd | 10 | 19.63 | 26.23 | 26.23 | 49.99 | 57.24 |
| Poojawestern Metaliks Ltd | 10 | 18.67 | 1.53 | 1.53 | 11.46 | 13.38 |
| Siyaram Recycling Industries Ltd | 10 | 8.10 | 6.69 | 6.69 | 11.49 | 58.24 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 480 | 247,200.00 |
| Retail (Max) | 2 | 480 | 247,200.00 |
| S-HNI (Min) | 3 | 720 | 370,800.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Aryaman Financial Services Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Narmadesh Brass Industries IPO is a Fixed price IPO worth ₹45 crores. The price band is ₹515 to 515 per share. The IPO opens on Mon, Jan 12, 2026 and closes on Fri, Jan 16, 2026. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Narmadesh Brass Industries IPO opens on Mon, Jan 12, 2026 and closes on Fri, Jan 16, 2026
Narmadesh Brass Industries IPO Price Band is ₹515 to 515.
Narmadesh Brass Industries IPO lot size is 240, and the minimum amount required for application is ₹247200.
The minimum investment for Narmadesh Brass Industries IPO is approximately ₹247200 based on the upper price band.
To apply for the Narmadesh Brass Industries IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Jan 16, 2026. After submission, funds are blocked until the basis of allotment of Narmadesh Brass Industries IPO is finalised.
Narmadesh Brass Industries IPO issue size is ₹45 crores.
Narmadesh Brass Industries IPO allotment date is Sat, Jun 27, 2026.
The registrar for Narmadesh Brass Industries IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Narmadesh Brass Industries IPO through their official website or helpline.
The Narmadesh Brass Industries IPO GMP (Grey Market Premium) is ₹0 as of Fri, Jan 16, 2026. Based on the upper price band of ₹515 per share, the estimated Narmadesh Brass Industries IPO listing price is ₹515, indicating a potential listing gain of approximately 31% over the issue price.