On the last day, the Narmadesh Brass IPO was subscribed 1.25 times overall, with the retail quota at 0.44 times, the QIB quota at 0.00 times, and the NII quota at 1.92 times, respectively.
Details About Narmadesh Brass IPO
Narmadesh Brass got approval from SEBI for an IPO of ₹45 crores via a 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.
Moreover, the company has set up a price band between ₹515 per share.
In this IPO, a total of 480 shares were available in 2 lot sizes for the minimum Retail category and for the maximum retail category.
While S-HNI (Min) total of 720 shares in a 3-lot size.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum & Maximum investment of ₹2,47,200.
- Small HNI (S-HNI): Minimum investment of ₹3,70,800.
Subscription duration of the Narmadesh Brass IPO
The Narmadesh Brass IPO opened on January 12, 2026, and closed on January 16, 2026.
The allotment of Narmadesh Brass was finalized on January 19, 2026, and the IPO listing is scheduled for January 21, 2026.
About Narmadesh Brass IPO
Narmadesh Brass Industries Limited is engaged in the manufacture of a wide range of brass products. The company operates its manufacturing units at Plot Nos. 5, 8, and 9 in Jamnagar, Gujarat, covering a total area of 6,293.03 square meters.
Its product portfolio consists of brass rods, brass billets, agricultural sprayer parts, garden fittings, ball valves, non-return valves (NRVs), turning components, 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.
