IPO Issue Details
Issue Price / Price Band₹515 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size240 Shares per Lot
Total Issue Size8,71,200 shares (agg. up to ₹45 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital & OFS
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 12 Jan 2026
Subscription CloseThu, 15 Jan 2026
Anchor AllotmentSun, 11 Jan 2026
Basis of AllotmentFri, 16 Jan 2026
Initiation of RefundsMon, 19 Jan 2026
Credit of Shares to DematMon, 19 Jan 2026
Listing DateTue, 20 Jan 2026
UPI Mandate Deadline5:00 PM on 15 Jan 2026 (Day 3)
Application & Investment Details
Retail — Min (2 Lots)₹2,47,200 — 480 shares
Retail — Max (13 Lots)₹1,606,800 (13 Lots)
HNI — Min (3 Lots)₹3,70,800 — 720 shares
EPS (Pre-IPO)₹26.23
EPS (Post-IPO)₹25.87
P/E Ratio (Pre-IPO)19.63x
P/E Ratio (Post-IPO)19.9x
Net Offer to Public8,25,600 shares (agg. up to ₹43 Cr)
Reserved for Market Maker45,600 shares (agg. up to ₹2 Cr)
Pre-IPO Promoter Holding24,00,000 shares
Post-IPO Promoter Holding31,00,800 shares
Fresh Issue Shares(Ex Market Maker)6,55,200 shares (agg. up to ₹34 Cr)
Offer for Sale Shares1,70,400 shares of ₹10 (agg. up to ₹9 Cr)
About Narmadesh Brass Industries Ltd
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 BilletsBrass RodsBrass Valves (including ball valves and NRVs)Plumbing and Sanitary Fittings (including lead-free options)Agricultural Sprayer Parts and Garden FittingsCustomization 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.Competitive StrengthsA 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.
Objects of the Issue
Narmadesh Brass Industries Ltd proposes to utilise the net proceeds from the Issue for the following objects:
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
Shareholding & Lock-in
Pre-IPO Promoter Holding
24,00,000 shares
Post-IPO Promoter Holding
31,00,800 shares