What is the GMP of Narmadesh Brass Industries Limited IPO today?

The Grey Market Premium (GMP) for Narmadesh Brass Industries Limited IPO is currently ₹0. With an upper price band of ₹515, the estimated listing price is ₹515 per share, reflecting an expected listing gain of ~0%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Narmadesh Brass Industries Limited IPO?

The price band for Narmadesh Brass Industries Limited IPO is ₹515 to ₹515 per equity share. The minimum lot size is 240 shares, which requires a minimum retail application investment of ₹1,23,600.

What are the important dates for Narmadesh Brass Industries Limited IPO?

Narmadesh Brass Industries Limited IPO opens for subscription on 2026-01-12T00:00:00 and closes on 2026-01-16T00:00:00. The basis of allotment is scheduled for 2026-01-19T00:00:00, and shares are expected to list on 2026-01-21T00:00:00 on BSE, NSE.

How can I check the allotment status for Narmadesh Brass Industries Limited IPO?

You can check Narmadesh Brass Industries Limited IPO allotment status on the registrar's official portal (KFin Technologies Limited) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Narmadesh Brass Industries Limited IPO?

Investors can apply for Narmadesh Brass Industries Limited IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Narmadesh Brass Industries Limited IPO open and close?

The IPO opens on 12 Jan 2026, and closes on 16 Jan 2026.

What is Narmadesh Brass Industries Limited IPO price band?

The issue price band is ₹515.00 per equity share.

What is the Narmadesh Brass Industries Limited IPO lot size?

The minimum lot size is 240 shares per application.

What is the Narmadesh Brass Industries Limited IPO allotment date?

The allotment is scheduled on 19 Jan 2026.

Narmadesh Brass Industries Limited IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

45.00 Cr

Price Band

₹515.00

Lot Size

240 Shares

Min Investment

₹2,47,200

GMP

₹0

Subscription

1.18x

₹50.21 Cr

12 Jan 2026

IPO Opens

COMPLETED

16 Jan 2026

IPO Closes

COMPLETED

19 Jan 2026

Basis of Allotment

COMPLETED

20 Jan 2026

Refunds

COMPLETED

20 Jan 2026

Demat Credit

COMPLETED

21 Jan 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

12 Jan 2026

IPO ClosesDONE

16 Jan 2026

Basis of AllotmentDONE

19 Jan 2026

RefundsDONE

20 Jan 2026

Demat CreditDONE

20 Jan 2026

ListingDONE

21 Jan 2026

About Narmadesh Brass Industries Limited IPO

Narmadesh Brass IPO open date is January 12, 2026 and the IPO will close on January 16, 2026. Narmadesh Brass IPO is a Fixed Price Issue. The company to raise around ₹45 crores via IPO that comprises fresh issue of ₹36 crores and offer for sale up to 1,70,400 equity shares with face value of ₹10 each.

Narmadesh Brass IPO price band is ₹515 per share. The retail quota is 50%, QIB is 00%, and HNI is 50%. Narmadesh Brass IPO to list on BSE SME on January 21, 2026. The allotment of Narmadesh Brass IPO date is January 19, 2026.

The company reported revenue of ₹88.05 crores in 2025 against ₹79.06 crores in 2024. The company reported profit of ₹5.72 crores in 2025 against profit of ₹7.10 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.

IPO Details

Narmadesh Brass Industries Limited IPO Details and Specifications
IPO Date	12 Jan 2026 to 16 Jan 2026
Face Value	₹10 Per Share
Price Band	₹515.00
Lot Size	240 Shares
Total Issue Size	Approx 45.00 Cr 8,71,200 Equity Shares
Fresh Issue	Approx 34.00 Cr 7,00,805 Equity Shares
Offer for Sale	Approx 9.00 Cr 1,70,400 Equity Shares
Retail Portion	50%
Sale Type	Offer for sale
Issue Type	Fixed Price Issue
Listing Date	21 Jan 2026
Listing At	BSE
Total Subscription Amount	₹50.21 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
NII	4,12,800	50.00%
- bNII > ₹10L	TBA	0.00%
- sNII < ₹10L	TBA	0.00%
Retail	4,12,800	50.00%
Total	8,25,600	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
NII	3	720	₹3,70,800
Individual investors (Retail) (Min)	2	480	₹2,47,200
Individual investors (Retail) (Max)	2	480	₹2,47,200

About Company

Narmadesh Brass Industries Limited has been involved in the manufacturing of a wide range of brass products. The company runs its operations through its manufacturing located in plot no. 5, 8 & 9 at Jamnagar, Gujarat, spanning 6,293.03 sq.mtr. Its manufacturing facilities are capable of producing up to 4,320 metric tonnes (MT) of brass billets per year, 4,320 MT of brass rods per year, and 1,600 MT of brass components per year.

It’s product portfolio consists of brass rods, brass billets, agricultural sprayer parts, garden fittings, ball valves, non-return valves (NRVs), turning components and plumbing fittings, sanitary fittings, and brass compression fittings serving both domestic and global markets. Moreover, the company consists of 81 laborers as of September 2025.

Contact Details

Narmadesh Brass Industries Ltd.

Plot No. 5, 8 & 9

Survey No. 433, Shree Ganesh Industrial Hub

Changa Village

Jamnagar, Gujarat, 361012

+91 028 95299401

info@narmadeshbrass.com

Visit Website

Registrar

KFin Technologies Limited

040-79615565

einward.ris@kfintech.com

Lead Managers

Aryaman Financial Services Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
21-Jan-2026 01:20 PM	+₹0	₹515	+0.00%	₹0
20-Jan-2026 01:20 PM	+₹0	₹515	+0.00%	₹0
19-Jan-2026 01:20 PM	+₹0	₹515	+0.00%	₹0
18-Jan-2026 01:20 PM	+₹0	₹515	+0.00%	₹0
17-Jan-2026 01:20 PM	+₹0	₹515	+0.00%	₹0
16-Jan-2026 01:20 PM	+₹0	₹515	+0.00%	₹0
15-Jan-2026 01:20 PM	+₹0	₹515	+0.00%	₹0
13-Jan-2026 01:20 PM	+₹0	₹515	+0.00%	₹0
12-Jan-2026 01:20 PM	+₹0	₹515	+0.00%	₹0
10-Jan-2026 01:20 PM	+₹0	₹515	+0.00%	₹0
09-Jan-2026 01:20 PM	+₹0	₹515	+0.00%	₹0
08-Jan-2026 01:20 PM	+₹0	₹515	+0.00%	₹0
07-Jan-2026 01:12 PM	+₹0	₹515	+0.00%	₹0

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
NII	1.92x	4,12,800	7,91,520	₹40.76 Cr
Retail	0.44x	4,12,800	1,83,360	₹9.44 Cr
Total	1.18x	8,25,600	9,74,880	₹50.21 Cr

Objects of the Issue

01 Repayment/ prepayment, in full or in part, of certain outstanding borrowings : 14.50 Cr
02 Purchase of machinery and equipment : 3.29 Cr
03 Funding Working capital requirements : 10.20 Cr
04 General Corporate Purpose : 4.60 Cr
05 Issue expenses : 4.31 Cr

Company Financials

Period Ended	30 SEPT 2025	31 MAR 2025	31 MAR 2024
Total Income	34.21	88.05	79.06
Profit After Tax	4.01	5.72	7.10
EBITDA	6.24	9.34	11.41
NET Worth	22.46	11.45	5.73
Reserves and Surplus	23.30	12.69	6.97
Total Borrowing	19.21	24.73	22.43

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2025
ROCE	23.29%
Debt/Equity Ratio	1.68
Return on Net Worth (RoNW)	49.99%
PAT Margin	6.52%
EBITDA Margin	10.64%
Net Asset Value (NAV)	₹57.24
Earning Per Share (EPS)	₹26.23
Price/Earning P/E Ratio	19.63x

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
Siyaram Recycling Industries Limited	6.69	8.10	58.24	11.49	515.56
Poojawestern Metaliks Limited	1.53	18.67	13.38	11.46	50.37

Promoters and Holding Pattern

M/s. Sprayking Limited, Mr. Hitesh Dudhagara, Mrs. Ronak Dudhagara are the company's promoters of Narmadesh Brass Industries Limited.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	99.92%	71.84%
Others*	0.08%	28.16%

Frequently Asked Questions (FAQ)

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About Narmadesh Brass Industries Limited IPO

IPO Details

Narmadesh Brass Industries Limited IPO Details and Specifications
IPO Date	12 Jan 2026 to 16 Jan 2026
Face Value	₹10 Per Share
Price Band	₹515.00
Lot Size	240 Shares
Total Issue Size	Approx 45.00 Cr 8,71,200 Equity Shares
Fresh Issue	Approx 34.00 Cr 7,00,805 Equity Shares
Offer for Sale	Approx 9.00 Cr 1,70,400 Equity Shares
Retail Portion	50%
Sale Type	Offer for sale
Issue Type	Fixed Price Issue
Listing Date	21 Jan 2026
Listing At	BSE
Total Subscription Amount	₹50.21 Cr

Investor Category

Shares Offered

% Net Issue

NII

4,12,800

50.00%

- bNII > ₹10L

TBA

0.00%

- sNII < ₹10L

TBA

0.00%

Retail

4,12,800

50.00%

Total

8,25,600

100.00%

Application

Lots

Amount

NII

720

₹3,70,800

Individual investors (Retail) (Min)

480

₹2,47,200

Individual investors (Retail) (Max)

480

₹2,47,200

About Company

Contact Details

Narmadesh Brass Industries Ltd.

Plot No. 5, 8 & 9

Survey No. 433, Shree Ganesh Industrial Hub

Changa Village

Jamnagar, Gujarat, 361012

+91 028 95299401

info@narmadeshbrass.com

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

21-Jan-2026 01:20 PM

+₹0

₹515

+0.00%

₹0

20-Jan-2026 01:20 PM

+₹0

₹515

+0.00%

₹0

19-Jan-2026 01:20 PM

+₹0

₹515

+0.00%

₹0

18-Jan-2026 01:20 PM

+₹0

₹515

+0.00%

₹0

17-Jan-2026 01:20 PM

+₹0

₹515

+0.00%

₹0

16-Jan-2026 01:20 PM

+₹0

₹515

+0.00%

₹0

15-Jan-2026 01:20 PM

+₹0

₹515

+0.00%

₹0

13-Jan-2026 01:20 PM

+₹0

₹515

+0.00%

₹0

12-Jan-2026 01:20 PM

+₹0

₹515

+0.00%

₹0

10-Jan-2026 01:20 PM

+₹0

₹515

+0.00%

₹0

09-Jan-2026 01:20 PM

+₹0

₹515

+0.00%

₹0

08-Jan-2026 01:20 PM

+₹0

₹515

+0.00%

₹0

07-Jan-2026 01:12 PM

+₹0

₹515

+0.00%

₹0

Narmadesh Brass Industries Limited IPO Details

About Narmadesh Brass Industries Limited IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Frequently Asked Questions (FAQ)

When does the Narmadesh Brass Industries Limited IPO open and close?

What is Narmadesh Brass Industries Limited IPO price band?

What is the Narmadesh Brass Industries Limited IPO lot size?

What is the Narmadesh Brass Industries Limited IPO allotment date?

What is the Narmadesh Brass Industries Limited IPO listing date?

What is the minimum investment required in Narmadesh Brass Industries Limited IPO?

Join the discussion

Narmadesh Brass Industries Limited IPO Details

About Narmadesh Brass Industries Limited IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Frequently Asked Questions (FAQ)

When does the Narmadesh Brass Industries Limited IPO open and close?

What is Narmadesh Brass Industries Limited IPO price band?

What is the Narmadesh Brass Industries Limited IPO lot size?

What is the Narmadesh Brass Industries Limited IPO allotment date?

What is the Narmadesh Brass Industries Limited IPO listing date?

What is the minimum investment required in Narmadesh Brass Industries Limited IPO?

Join the discussion