Narmadesh Brass Industries Limited IPO
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.
Price Band₹515 |
Dates12 Jan - 16 Jan |
GMP₹0 (0.00%) |
Subscriptions- |
Issue Size₹44.87 Crs |
Narmadesh Brass IPO Key Dates
Opening Date
12 Jan 26
Closing Date
16 Jan 26
Basis Of Allotment
19 Jan 26
Initiations Of Refund
19 Jan 26
Credit Of Shares
19 Jan 26
Listing Date
21 Jan 26
Narmadesh Brass IPO Objects
- Payment, in full or in part, of certain outstanding borrowings
- Purchase of machinery & equipment
- Funding Working capital requirements
- General Corporate Purpose
Narmadesh Brass IPO Details
Price Band₹515 |
Listing AtBSE SME |
IPO Issue TypeFixed Price |
Fresh Issue₹36.09 Cr (0.07 Cr Shares) |
Offer For Sale₹8.78 Cr (0.02 Cr Shares) |
Total Issue₹44.87 Cr (0.09 Cr Shares) |
Face Value₹10 per equity share |
Narmadesh Brass IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
480
2,47,200
Maximum
2
480
2,47,200
|
|||
| Others |
Minimum
3
720
3,70,800
|
|||
Narmadesh Brass IPO GMP
The estimated Grey Market Premium of Narmadesh Brass IPO is ₹0 per share (0.00%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | 0 |
| NII | 0 |
| Retail | 0 |
| Market Maker | 45,600 EQ. Shares |
Narmadesh Brass IPO Financials
| 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 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | VALUES |
|---|---|
| EBITDA | 10.64% |
| PAT | 6.52% |
| ROE | 49.99% |
| ROCE | 23.29% |
| PE Ratio | 19.63 |
| PB Ratio | 9.00 |
| Mkt Cap (in Crs.) | 159.69 |
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Narmadesh Brass IPO Peer Comparision
| 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 Peer Comparision
| Particulars | Narmadesh Brass |
|---|---|
| Revenue | 87.72 |
| PAT | 5.72 |
| EPS (₹) | 26.23 |
| NAV (₹) | 57.24 |
| RONW | 49.99% |
| EBITDA | 10.64% |
| PAT Mrgn | 6.52% |
| PE Ratio | 19.63 |
| Poojawestern Metaliks | Siyaram Recycling |
|---|---|
| 50.37 | 511.56 |
| 1.55 | 14.57 |
| 1.53 | 6.69 |
| 13.38 | 58.24 |
| 11.46% | 11.49% |
| 9.25% | 5.69% |
| 3.09% | 2.83% |
| 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
Promoter Details
| Name | Shareholding |
|---|---|
| Sprayking Ltd. | 66.67% |
| Hitesh Dudhagara | 16.46% |
| Ronak Dudhagara | 16.46% |
| Others | 0.32% |
| Total | 99.91% |
Management Details
| Name | Designation |
|---|---|
| Hitesh Dudhagara | Chairman & MD |
| Hiren Patoriya | CFO |
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
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Narmadesh Brass IPO is a SME IPO having an issue size of Rs. ₹44.87 Crs. Narmadesh Brass IPO is priced at ₹515 - ₹515 per share. The issue opens on 12 Jan 26 and closes on 16 Jan 26.
Narmadesh Brass IPO opens on 12 Jan 26 and closes on 16 Jan 26.
The estimated Grey Market Premium of Narmadesh Brass IPO is ₹0 per share (0.00%).
The minimum lot size of Narmadesh Brass IPO is 240 shares & the minimum application amount is Rs. 123600.
The allotment date of Narmadesh Brass IPO is 19 Jan 26.
The listing date of Narmadesh Brass IPO is 21 Jan 26.
Narmadesh Brass IPO is subscribed -.
Narmadesh Brass IPO is priced at ₹515 - ₹515 per share.
Click the allotment link on Narmadesh Brass IPO page of IPO360.
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- Money will remain blocked till the refund date
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