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NARMADESH
Narmadesh Brass IPO, a SME IPO was listed on the exchange on January 20, 2026. The price band is set between ₹515 –515 , with a face value of ₹10 . Retail investors can apply with a minimum of 2 lots, each comprising 240 shares — amounting to ₹247,200 at the upper price.
Narmadesh Brass IPO has been successfully listed on the exchange. Track the listing performance, current stock price, and post-listing trends. This information is for education only—not investment advice.
Narmadesh Brass IPO SME Important Dates
Get important updates regarding Narmadesh Brass IPO SME tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates. Dates are updated as soon as they are announced.
Issue price ₹515
Issue
₹515
Open Date
Jan 12
Close Date
Jan 15
Allotment
Jan 16
Listing
Jan 20
Issue Size
170,400 shares
(aggregating up to ₹43.00 Cr)
Issue Price
₹515 – ₹515
Face Value
₹10/share
Market Lot
240 shares
Retail Min Investment
₹247,200
Listing At
BSE
Sale Type
both
Fresh Issue
₹34 Cr
Offer for Sale
170,400 shares
(aggregating up to ₹9 Cr)
Reserved for Market Maker
45,600 shares
(aggregating up to ₹2.35 Cr)
Issue Type
fixed price
Last updated: 2 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 18 Jan 2026 Latest | ₹515 | ₹0 | ₹515 | ₹0 |
0%
|
11:41 PM |
| 17 Jan 2026 | ₹515 | ₹0 | ₹515 | ₹0 |
0%
|
9:06 PM |
| 16 Jan 2026 | ₹515 | ₹0 | ₹515 | ₹0 |
0%
|
1:18 PM |
| 15 Jan 2026 | ₹515 | ₹0 | ₹515 | ₹0 |
0%
|
12:18 PM |
| 14 Jan 2026 | ₹515 | ₹0 | ₹515 | ₹0 |
0%
|
3:32 PM |
| 13 Jan 2026 | ₹515 | ₹0 | ₹515 | ₹0 |
0%
|
4:47 PM |
| 12 Jan 2026 | ₹515 | ₹0 | ₹515 | ₹0 |
0%
|
4:48 PM |
| 11 Jan 2026 | ₹515 | ₹0 | ₹515 | ₹0 |
0%
|
4:47 PM |
| 10 Jan 2026 | ₹515 | ₹0 | ₹515 | ₹0 |
0%
|
4:22 PM |
| 09 Jan 2026 | ₹515 | ₹0 | ₹515 | ₹0 |
0%
|
12:21 PM |
| 08 Jan 2026 | ₹515 | ₹0 | ₹515 | ₹0 |
0%
|
3:42 PM |
Latest snapshot: Jan 16, 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| NII | 1.92x | — |
| Retail Investors | 0.44x | — |
| Total | 1.18x | — |
The promoters of the company are M/s. Sprayking Limited, Mr. Hitesh Dudhagara and Mrs. Ronak Dudhagara.
IPO investment limits, also referred to as application limits or bidding limits, define the minimum and maximum number of shares, lots, and investment amount that investors can apply for in an IPO based on their category (Retail, HNI, or Institutional). These limits are calculated as per SEBI guidelines and help ensure fair distribution of shares. Retail investors typically have lower minimum and maximum limits compared to High Net Worth Individuals (HNI) and Non-Institutional Investors (NII). Understanding IPO application limits is essential for investors to determine how much they can invest, calculate the number of lots they can apply for, and plan their investment strategy accordingly. The investment limits table shows the lot size, number of shares, and total amount in rupees for each investor category.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 480 | ₹247,200 |
| Retail (Max) | 1 | 240 | ₹123,600 |
| S-HNI (Min) | 3 | 720 | ₹370,800 |
| S-HNI (Max) | 8 | 1,920 | ₹988,800 |
| B-HNI (Min) | 9 | 2,160 | ₹1,112,400 |
The IPO reservation structure, also known as share allocation breakdown, details how the total issue size is distributed among different investor categories as mandated by SEBI (Securities and Exchange Board of India) regulations. This reservation table shows the exact percentage and number of shares allocated to Qualified Institutional Buyers (QIB), Retail Individual Investors (RII), High Net Worth Individuals (HNI), Non-Institutional Investors (NII), and other reserved categories like employees and shareholders. Understanding IPO reservation percentages is crucial for investors to evaluate their probability of share allotment, as each category has different subscription levels and competition. The maximum allottees column indicates the cap on the number of investors who can receive shares in each category, helping you assess the likelihood of getting an allotment based on your investor category.
| Category | Shares Offered |
|---|---|
| NII (HNI) Shares Offered | 412,800 (47.38%) |
| Retail Shares Offered | 412,800 (47.38%) |
| Market Maker Shares Offered | 45,600 (5.24%) |
| Total Shares Offered | 871,200 (100.00%) |
Narmadesh Brass Industries Ltd. is a manufacturing company specializing in brass products including brass billets, rods, valves (ball & non-return), plumbing & sanitary fittings, agricultural sprayer and garden fittings, and other custom brass components used in industrial and consumer applications. Its facility operates from Jamnagar, Gujarat — often referred to as India’s “Brass City” — with integrated casting, forging, turning, CNC and machining processes ensuring quality control across production stages. The company is ISO 9001:2015 certified, supports both domestic and export markets, and has grown its revenue and profitability in recent years due to diversified product mix and manufacturing capabilities.
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 Latest |
|---|---|---|---|
| Total Revenue | 60.09 | 79.06 |
88.05
↑ 11.4%
|
| Profit After Tax (PAT) | 0.89 | 7.1 |
5.72
↓ 19.4%
|
| EBITDA | 2.13 | 11.41 |
9.34
↓ 18.1%
|
| Total Assets | — | 46.68 |
59.66
↑ 27.8%
|
| Net Worth | 8.3 | 5.73 |
11.45
↑ 99.8%
|
| Reserves & Surplus | — | 6.97 |
12.69
↑ 82.1%
|
| Total Borrowing | 5.94 | 22.43 |
24.73
↑ 10.3%
|
Revenue & Profit Trend
The Narmadesh Brass IPO is expected to open in January, 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Narmadesh Brass IPO is ₹515.00 - ₹515.00 per share.
As per market sources, Narmadesh Brass IPO GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Narmadesh Brass IPO stands at 1.18x overall.
The listing date for Narmadesh Brass IPO is January 20, 2026.
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