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BSE SME Fixed Price IPO Fresh Capital & OFS Closed

Narmadesh Brass Industries Ltd IPO 2026

Face Value: ₹10  ·  Lot Size: 240 shares  ·  Min Investment: ₹123,600
₹515
Issue Price
+₹0
GMP Today
8,71,200 (100.00%)
Total Shares Offered
₹515
Est. Listing
Allotment Status
📅
Open Date
2026-01-12
📅
Close Date
2026-01-15
🎟️
Allotment
2026-01-16
UPI Mandate
TBA
📱
Listing Date
2026-01-20
🔗
Script Code
TBA
Grey Market Premium (GMP)
LIVE
Current GMP
+₹0
+0% vs Issue Price
Estimated Listing: ₹515
Issue Price: ₹515  ·  Lot: 240 shares
Expected P&L (1 lot): +₹0 on ₹123,600
GMP is unofficial grey market data. It does not guarantee listing price or returns.
Financial Overview
Amount in ₹ Crore
Metric 30 Sep 2025 31 Mar 2025 31 Mar 2024
Revenue 34.21 88.05 79.06
Profit After Tax 4.01 5.72 7.10
EBITDA 6.24 9.34 11.41
Net Worth 22.46 11.45 5.73
Total Assets 63.10 59.66 46.68
Reserves & Surplus 23.30 12.69 6.97
Total Borrowings 19.21 24.73 22.43
Key Financial Ratios
17.86%
ROE
Return on Equity
13.31%
ROCE
Return on Capital Employed
17.86%
RONW
Return on Net Worth
11.74
PAT Margin
PAT / Revenue
18.26
EBITDA Mgn
EBITDA / Revenue
5.50
P/BV
Price to Book Value
Issue Details
Total Shares Offered
8,71,200 (100.00%)
Net Offer to Public
8,25,600 shares (agg. up to ₹43 Cr)
Market Maker Reservation
45,600 shares (agg. up to ₹2 Cr)
Pre-Issue Shareholding
24,00,000 shares%
Post-Issue Shareholding
31,00,800 shares%
Issue Price
₹515
Face Value
₹10
Lot Size
240 shares
Listing Exchange
BSE SME
Issue Type
Fixed Price IPO
Objects of Issue
Repayment/ prepayment, in full or in part, of certain outstanding borrowings
Purchase of machinery and equipment
Funding Working capital requirements
General Corporate Purpose
Lead Managers
Aryaman Financial Services Ltd.
IPO Timeline
Open
2026-01-12
Close
2026-01-15
Allotment
2026-01-16
Listing
2026-01-20
Registrar Details
Kfin Technologies Ltd.
04067162222, 04079611000
einward.ris@kfintech.com
Check Allotment Status
Company Information
Email
info@narmadeshbrass.com
Phone
+91 028 95299401
Address
Plot No. 5, 8 & 9 Survey No. 433, Shree Ganesh Industrial Hub Changa Village Jamnagar, Gujarat, 361012
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 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.

Competitive 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.
Quick Facts
GMP Signal
Bullish 🚀
Status
Closed
Issue Price
₹515
Lot Size
240 sh
Est. Listing
₹515
Pre-Issue Hold.
24,00,000 shares%
Post-Issue Hold.
31,00,800 shares%
Registrar
Kfin Technologies Ltd.
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