NARMADESH BRASS INDUSTRIES LIMITED SME
₹ 515 - ₹ 515
12-Jan-2026 - 15-Jan-2026
₹ 123600.00

/ 240 Shares

NARMADESH BRASS INDUSTRIES LIMITED SME

12-Jan-2026 - 15-Jan-2026

₹ 515 - ₹ 515

Price Band

₹ 123600.00

Minimum Investment

240

Bid Lot

825,600

Shares

  • Face Value - ₹ 10/- Per Share

  • Listing at BSE

  • 1,720 Application Required in Retail for 1 Time.

  • Registrar : KFin Technologies Limited

IPO Details

IPO Timeline

  • Open Date

    12-Jan-2026

  • Close Date

    15-Jan-2026

  • Basis of Allotment Date

    16-Jan-2026

  • Initiation of Refunds

    19-Jan-2026

  • Credit Shares to Demat A/c

    19-Jan-2026

  • IPO Listing Date

    20-Jan-2026

Subscription as on
14-Jan-2026 16:01

Category Book Size Subscription No. of Times
HNI 412,800 ₹ 21.26 Cr. 829,920 ₹ 42.74 Cr. 2.01x
RETAIL 412,800 ₹ 21.26 Cr. 91,680 ₹ 4.72 Cr. 0.22x
Total 825,600 921,600 1.12x
Category Book Size Subscription No. of Times
HNI 412,800 ₹ 21.26 Cr. 829,920 ₹ 42.74 Cr. 2.01x
RETAIL 412,800 ₹ 21.26 Cr. 91,680 ₹ 4.72 Cr. 0.22x
Total 825,600 921,600 1.12x

*Excluding Anchor

Total No. of Application Approx : ~459 (0.27 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

Narmadesh Brass Industries Ltd. is a modern brass manufacturing company based in Jamnagar, Gujarat.

The company’s manufacturing facility spans 6,293 m², situated at Plot Nos. 5, 8 & 9 in the Shree Ganesh Industrial Hub, Jamnagar – a city renowned as India’s “Brass City” due to its dense concentration of brass producers.

Narmadesh specializes in producing a wide variety of brass products for both domestic and export markets. Their portfolio includes:

  • Brass Billets
  • Brass Rods
  • Brass Valves (including ball valves and NRVs)
  • Plumbing and Sanitary Fittings (including lead-free options)
  • Agricultural Sprayer Parts and Garden Fittings
  • Customization via Casting, Forging, Turning, CNC & VMC Machined Components.

Their in-house processes ensure tight control over quality, from production to dispatch.

The company holds ISO 9001:2015 certification for its Quality Management System, reflecting strong adherence to international quality benchmarks.

This includes its capabilities in casting and forging operations, all executed within the same premises.

As of September 30, 2025, the firm employed 81 contract labourers to support its manufacturing operations.

Read More

Strengths

  • A well-equipped, ISO-certified manufacturing facility located in the brass-rich hub of Jamnagar (often referred to as “Brass City”) ensures efficiency and supply chain advantages.
  • Full process control—from raw brass billet casting to finished product dispatch—allows better quality assurance and responsiveness to client needs.
  • Experienced promoters and management team, including leadership by Hitesh Pragajibhai Dudhagara and others who bring continuity from the prior partnership structure.

Company Promoters

Company Financials

Period Ended 30 Sep 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 63.10 59.66 46.68 22.00
Total Income 34.21 88.05 79.06 60.09
Profit After Tax 4.01 5.72 7.10 0.89
EBITDA 6.24 9.34 11.41 2.13
NET Worth 22.46 11.45 5.73 8.30
Reserves and Surplus 23.30 12.69 6.97  
Total Borrowing 19.21 24.73 22.43 5.94
Amount in ? Crore

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (? Cr.)
1 Repayment/ prepayment, in full or in part, of certain outstanding borrowings 14.50
2 Purchase of machinery and equipment 3.29
3 Funding Working capital requirements 10.20
4 General Corporate Purpose 4.60

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

Check Allotment