Narmadesh Brass Industries IPO Details
SME
Narmadesh Brass Industries IPO opens for subscription on 12 Jan 2026 and closes on 16 Jan 2026. The IPO will be listed on BSE with the tentative listing date set for 21 Jan 2026.
Narmadesh Brass Industries IPO price band has been fixed at ₹515 – ₹515 per share.The face value is ₹10 per share with a lot size of 240.
Narmadesh Brass Industries IPO total issue size comprises 8,71,200 shares (aggregating up to ₹45 Cr.). This includes a fresh issue of 7,00,800 shares (aggregating up to ₹34 Cr.). Offer for Sale consists of 1,70,400 shares (aggregating up to ₹9 Cr.). Pre-issue shareholding stands at 24,00,000, which will increase to 31,00,800 post-issue.
Narmadesh Brass Industries IPO Lot Size : Individual Minimum is 2 lots (480 shares) amounting to ₹247,200. Individual Maximum is 2 lots (480 shares) amounting to ₹247,200. HNI Minimum is 3 lots (720 shares) amounting to ₹370,800.
The Lead Managers for Narmadesh Brass Industries IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Aryaman Financial Services Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is JSK Securities & Services Pvt Ltd. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Narmadesh Brass Industries Limited RHP.
Narmadesh Brass Industries IPO Details
Narmadesh Brass Industries IPO Subscription
Narmadesh Brass Industries IPO Application Wise Breakup
Narmadesh Brass Industries IPO Dates
- 12 Jan 2026Opening dateOpen
- 16 Jan 2026Closing dateClose
- 19 Jan 2026Allotment Date Allotment
- 20 Jan 2026Initiation of RefundsRefund
- 20 Jan 2026Credit of SharesCredit
- 21 Jan 2026Listing dateListing
Narmadesh Brass Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 480 | ₹247,200 |
| Individual Maximum | 2 | 480 | ₹247,200 |
| HNI Minimum | 3 | 720 | ₹370,800 |
Narmadesh Brass Industries IPO Reservation
Promoter Holding
Narmadesh Brass Industries IPO Valuations
Narmadesh Brass Industries Financial Information
| 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 | ||||
About Narmadesh Brass Industries IPO
Narmadesh Brass Industries Ltd. is a modern brass manufacturing company based in Jamnagar, Gujarat, a region widely recognised as India’s “Brass City” due to its established brass manufacturing ecosystem.
The Company operates a manufacturing facility spread across 6,293 square metres, located at Plot Nos. 5, 8 & 9, Shree Ganesh Industrial Hub, Jamnagar. Its integrated infrastructure enables in-house execution of key manufacturing processes, ensuring consistency, quality control, and operational efficiency from production through dispatch.
Narmadesh Brass Industries specialises in the manufacture of a diversified range of brass products for domestic and export markets. Its product portfolio includes brass billets, brass rods, brass valves (including ball valves and non-return valves), plumbing and sanitary fittings (including lead-free variants), and agricultural sprayer parts and garden fittings. The Company also offers customised components manufactured through casting, forging, turning, CNC and VMC machining, enabling it to meet specific customer requirements across applications.
The Company’s integrated capabilities encompass casting and forging operations within the same premises, supporting end-to-end manufacturing and tighter quality assurance. Narmadesh Brass Industries is ISO 9001:2015 certified, reflecting its adherence to established quality management standards and international benchmarks.
As of September 30, 2025, the Company employed 81 contract labourers, supporting its manufacturing and operational activities.
With its integrated manufacturing setup, broad product range, and focus on quality, Narmadesh Brass Industries Ltd. serves a wide spectrum of customers across industrial, plumbing, sanitary, and agricultural segments.
Strength Of Narmadesh Brass Industries IPO
- Strategically located manufacturing facilities.
- Stringent quality control mechanism ensuring standardized product quality.
- Experienced Management team.
- High standard of product quality and customer service.
- In-house R&D, tool room and continuous new product developmentIn-house R&D, tool room and continuous new product development.
- Well-equipped manufacturing facility.
- Strategic location of our manufacturing facility.
- Product Portfolio.
- Experienced Promoters and Management Team.
Risk Of Narmadesh Brass Industries IPO
- Our Company has been recently incorporated thus we have limited operating history as a Company which may make it difficult for investors to evaluate our historical performance or future prospects.
- Our Company has negative cash flows from its operating and investing activities in the past years, details of which are given below. Sustained negative cash flow could impact on our growth and business.
- An increase in the prices of our basic raw materials i.e. Brass Scrap, Copper and Zinc will raise our manufacturing costs and could adversely affect our profitability.
- Under-utilization of our manufacturing capacities and an inability to effectively utilize our existing manufacturing capacities could have an adverse effect on our business, future prospects and future financial performance.
- We require high working capital for our smooth day to day operations of business and any discontinuance or our inability to acquire adequate working capital timely and on favourable terms at a future date, may have an adverse effect on our operations, profitability and growth prospects.
- Our business operates on a high volume-low margin model, which impacts our overall profitability.
- Our top ten customers contribute majority of our revenues from operations. Any loss of business from one or more of them may adversely affect our revenues and profitability.
- Certain typographical errors have been noticed in ROC filings at the time of conversion in URC-1 which was rectified at later stage by filing MGT-14.
- We require certain approvals, licenses, registrations and permits to operate our business, and failure to obtain or renew them in a timely manner or maintain the statutory and regulatory permits and approvals required to operate our business may adversely affect our operations and financial conditions.
- Failure to manage our trade receivables could have an adverse effect on our net sales, profitability, cash flow and liquidity.
Objectives Narmadesh Brass Industries IPO
1. Repayment/ prepayment, in full or in part, of certain outstanding borrowings
2. Purchase of machinery and equipment
3. Funding Working capital requirements
4. General Corporate Purpose
Company Contact Details
Narmadesh Brass Industries Ltd.
Plot No. 5, 8 & 9 Survey No. 433,
Shree Ganesh Industrial Hub Changa Village
Jamnagar, Gujarat, 361012
Phone: +91 028 95299401
Email: info@narmadeshbrass.com
Website: https://www.narmadeshbrass.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports