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NARMADESH · BSE · Metal & Brass Manufacturing
Narmadesh Brass IPO listed on 20 Jan 2026 on BSE at ₹495.00, a loss of 3.88% over the issue price of ₹515.00. The IPO was subscribed 1.18x overall.
Narmadesh Brass IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 12 Jan 2026 |
| IPO Close Date | 15 Jan 2026 |
| Basis of Allotment | 16 Jan 2026 |
| Initiation of Refunds | 19 Jan 2026 |
| Credit of Shares to Demat | 19 Jan 2026 |
| Listing Date | 20 Jan 2026 |
Listing day gain
-3.88%
Listed at ₹495 (issue ₹515)
Issue
₹515
Listing
₹495
Current
₹470.25
-8.69% vs issue
Day range
₹470.25 – ₹495
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
Open Date
12 Jan
Close Date
15 Jan
Allotment
16 Jan
Listing
20 Jan
Last updated: 8 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 |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 16 Jan 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| NII | 1.92x | - |
| Retail Investors | 0.44x | - |
| Total | 1.18x | - |
Showing the latest subscription snapshot.
View full subscription historyThe promoters of the company are M/s. Sprayking Limited, Mr. Hitesh Dudhagara and Mrs. Ronak Dudhagara.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 480 | ₹247,200 |
| Retail (Max) | 2 | 480 | ₹247,200 |
| S-HNI (Min) | 3 | 720 | ₹370,800 |
| S-HNI (Max) | 8 | 1,920 | ₹988,800 |
| B-HNI (Min) | 9 | 2,160 | ₹1,112,400 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| 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 |
|---|---|---|---|
| Total Revenue | 60.09 | 79.06 | 88.05 |
| Profit After Tax (PAT) | 0.89 | 7.1 | 5.72 |
| EBITDA | 2.13 | 11.41 | 9.34 |
| Total Assets | - | 46.68 | 59.66 |
| Net Worth | 8.3 | 5.73 | 11.45 |
| Reserves & Surplus | - | 6.97 | 12.69 |
| Total Borrowing | 5.94 | 22.43 | 24.73 |
Revenue & Profit Trend
The basis of allotment for Narmadesh Brass IPO was finalised on 16 Jan 2026. You can check your allotment status using your PAN number or application number on the KFin Technologies Limited portal or BSE.
The Narmadesh Brass IPO is expected to open in Jan 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 currently ₹0.00. 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 20 Jan 2026.
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