Narmadesh Brass Industries Limited IPO
Narmadesh Brass Industries Limited IPO
SME BSE SME Closed

Price Band

₹515

Total Issue

₹45 Cr

Bid Dates

12 Jan - 16 Jan

Subscription

1.25x

Listing Price

₹495 (-3.88%)

Website RHP Check Allotment

Valuation

Market Cap

₹159.69 Cr

P/E Ratio

19.63x

P/B Ratio

9.00x

Narmadesh Brass IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Narmada Brass Industries Limited is engaged in the manufacture of brass products for both domestic and international markets. Operating from its ISO 9001:2015 certified manufacturing facility located in Jamnagar, Gujarat, the Company produces a wide range of brass billets, rods and precision components. Its operations include in-house casting and forging capabilities, enabling it to cater to diverse customer specifications across electrical, plumbing, automotive and engineering applications. The manufacturing facility has a total installed annual capacity of 10,240 metric tonnes, supported by quality control systems and skilled technical personnel. The Company focuses on consistent product quality, operational efficiency and timely delivery, allowing it to build long-standing relationships with customers across multiple end-use industries.

Lots & IPO Size

Narmadesh Brass IPO Lot Size

Lot Information for Narmadesh Brass IPO
Category Lots Shares Amount
Ind (Min) 2 480 ₹2,47,200
Ind (Max) 2 480 ₹2,47,200
Others (Min) 3 720 ₹3,70,800
Allocate Funds
Market Maker
45,600 EQ. Shares
Employee
₹0.00
Shareholder
₹0.00

Narmadesh Brass IPO Size

Total ₹45 Cr
Fresh Issue
₹36 Cr (0.07 Cr Shares)
Offer For Sale
₹9 Cr (0.02 Cr Shares)

Objects of Issue

  1. Payment, in full or in part, of certain outstanding borrowings
  2. Purchase of machinery & equipment
  3. Funding Working capital requirements
  4. General Corporate Purpose

Narmadesh Brass IPO Live Subscription

Updated as on 16 Jan 2026 | 05:00:00 PM

Narmadesh Brass IPO Subscription Status
Category Sub (x) Offered Bids
Individual 0.44x 4,12,800 1,82,880
Others 2.06x 4,12,800 8,49,600
Total 1.25x 8,25,600 10,32,480

Narmadesh Brass IPO Details Live GMP

GMP ₹0
Est. Price ₹515
Est. Gain 0.00%

Narmadesh Brass IPO Peer Comparison

(Rs. in crores)

Narmadesh Brass IPO Peer Comparison Table
Particulars Narmadesh Brass Poojawestern Metaliks Siyaram Recycling
Revenue 87.72 50.37 511.56
PAT 5.72 1.55 14.57
EPS (₹) 26.23 1.53 6.69
NAV (₹) 57.24 13.38 58.24
RONW 49.99% 11.46% 11.49%
EBITDA 10.64% 9.25% 5.69%
PAT Mrgn 6.52% 3.09% 2.83%
PE Ratio 19.63 18.67 8.10

The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of January 06, 2026. for Peers

Narmadesh Brass IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Narmadesh Brass IPO
Particulars Sep-25 Mar-25 Mar-24 Mar-23
Revenue 34.18 87.72 78.88 59.96
PAT 4.01 5.72 7.10 0.89
Net Worth 22.46 11.45 5.73 8.30
Borrowings 19.21 24.73 22.43 5.94
Assets 63.10 59.66 46.68 22.00
NAV (₹) 93.58 57.24 28.63 41.50
EPS (₹) 17.77 26.23 32.52 4.10

Key Performance Indicators (KPIs)

EBITDA

10.64%

PAT

6.52%

ROE

49.99%

ROCE

23.29%

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Promoter Holding

Promoter

99.91%

Public

0.09%

Sprayking Ltd. 66.67%
Hitesh Dudhagara 16.46%
Ronak Dudhagara 16.46%
Others 0.32%

Management

Hitesh Dudhagara
Chairman & MD
Hiren Patoriya
CFO

Registrar & Lead Managers

Registrar

KFin Technologies

Lead Managers (1)

Aryaman Financial

Company Details

Name: Narmadesh Brass Industries Limited

Address: Plot No. 5, 8 & 9, Survey No. 433, Shree Ganesh Industrial Hub, Changa Village, Jamnagar - 361 012, Gujarat, India

Number: +91 28 95299401

Email: info@narmadeshbrass.com

Website: www.narmadeshbrass.com

Frequently Asked Questions (FAQs)

What is Narmadesh Brass IPO?
Narmadesh Brass IPO is a SME IPO having an issue size of ₹45 Crs. Narmadesh Brass IPO is priced at ₹515 - ₹515 per share. The issue opens on 12 Jan 26 and closes on 16 Jan 26.
When will Narmadesh Brass IPO open?
Narmadesh Brass IPO opens on 12 Jan 26 and closes on 16 Jan 26.
What is the GMP of Narmadesh Brass IPO?
The estimated Grey Market Premium of Narmadesh Brass IPO is ₹0 per share (0.00%).
What is the lot size of Narmadesh Brass IPO?
The minimum lot size of Narmadesh Brass IPO is 240 shares & the minimum application amount is Rs. 123600.
When is the allotment of Narmadesh Brass IPO?
The allotment date of Narmadesh Brass IPO is 19 Jan 26.
What is the listing date of Narmadesh Brass IPO?
The listing date of Narmadesh Brass IPO is 21 Jan 26.
What is the subscription of Narmadesh Brass IPO?
Narmadesh Brass IPO is subscribed -.
What is the price band of Narmadesh Brass IPO?
Narmadesh Brass IPO is priced at ₹515 - ₹515 per share.
How to check allotment status of Narmadesh Brass IPO?
Click the allotment link on Narmadesh Brass IPO page of IPO360.
How to apply Narmadesh Brass IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Narmadesh Brass IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Narmadesh Brass IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Narmadesh Brass IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date

Delete Comment?

Are you sure you want to delete this comment? This action cannot be undone.

Discussion

No comments yet. Be the first to share your thoughts!