Narmadesh Brass Industries – IPO
Narmadesh Brass Industries – IPO Details
| IPO Date | January 12, 2026 to January 15, 2026 |
| Listing Date | January 20, 2026 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 515 to ₹ -- / Share |
| Lot Size | 240 Shares |
| Total Issue Size | 8,71,200 shares (Aggregating up to ₹45 Cr) |
| Fresh Issue | (Ex Market Maker)6,55,200 shares (Aggregating up to ₹34 Cr) |
| Offer for Sale | 1,70,400 shares of ₹10 (Aggregating up to ₹9 Cr) |
| Employee Discount | |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share holding pre issue | 24,00,000 shares |
| Share holding post issue | 31,00,800 shares |
| Market Maker portion |
Narmadesh Brass Industries Timeline (Tentative Schedule)
Narmadesh Brass Industries IPO opens on January 12, 2026, and closes on January 15, 2026.
| IPO Open Date | January 12, 2026 |
| IPO Close Date | January 15, 2026 |
| Basis of Allotment | January 16, 2026 |
| Initiation of Refunds | January 19, 2026 |
| Credit of Shares to Demat | January 19, 2026 |
| Listing Date | January 20, 2026 |
| Cut-off time for UPI mandate confirmation | January 15, 2026 |
Narmadesh Brass Industries IPO Lot Size
Investors can bid for a minimum of 480 shares and in multiples of 240 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 480 | |
| Retail (Max) | 2 | 480 | |
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) | 3 | 720 |
Narmadesh Brass Industries IPO Promoter Holding
| Share Holding Pre Issue | 99.92% |
| Share Holding Post Issue | 71.84% |
Narmadesh Brass Industries IPO Reservation
Narmadesh Brass Industries IPO offers a total of 8,71,200 shares. Out of which 4,12,800 (47.38%) allocated to NII, 4,12,800 (47.38%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | 45,600 (5.23%) |
|
| Other Shares Offered | |
|
| QIB Shares Offered | |
|
| NII (HNI) Shares Offered | 4,12,800 (47.38%) |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | 4,12,800 (47.38%) |
|
| Employee Shares Offered | |
|
| Total Shares Offered | 8,71,200 (100.00%) |
Narmadesh Brass Industries IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Narmadesh Brass Industries
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.
Key Performance Indicator
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 49.99% |
| ROCE | 23.29% |
| Debt/Equity | |
| RoNW | 49.99% |
| P/BV | |
| PAT Margin (%) | 6.52% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 26.23 | 25.87 |
| P/E (x) | 19.63 | 19.9 |
Note:
- The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
- The Pre IPO EPS is calculated based on Pre issue shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 202,5 available in RHP.
Objects of the Issue (Narmadesh Brass Industries IPO Objectives)
Narmadesh Brass Industries Contact Details
Narmadesh Brass Industries Ltd. Plot No. 5, 8 & 9 Survey No. 433, Shree Ganesh Industrial Hub Changa Village Jamnagar, Gujarat, 361012
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Narmadesh Brass Industries IPO Registrar
Kfin Technologies Ltd.
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