Narmadesh Brass IPO
Narmadesh Brass Industries IPO
Narmadesh Brass IPO, a SME IPO has closed for subscription. The price band is set between ₹515 –515 , with a face value of ₹10 . Retail investors can apply with a minimum of 1 lot, each comprising 240 shares — amounting to ₹123,600 at the upper price. The listing date on the exchange (BSE) is January 20, 2026.
The Narmadesh Brass IPO subscription has closed. Investors who applied for shares can now check their IPO allotment status online. The basis of allotment for Narmadesh Brass IPO has been finalized, and you can verify whether you have been allotted shares by checking the registrar's website using your PAN number, application number, or DP ID. If you have been allotted shares, they will be credited to your demat account before the listing date. If not allotted, the refund amount will be processed to your bank account as per the timeline.
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.
IPO Timeline & Key Dates
* Tentative; subject to confirmation.
Price Band & Investment Details
| 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 | ₹123,600 |
| 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 | ₹2.35 Cr |
| Issue Type | fixed price |
Narmadesh Brass IPO Grey Market Premium (GMP) - Current & Historical Rates
Last updated: 16 hours ago
Narmadesh Brass IPO Grey Market Premium (GMP) History - Track Record & Historical Data
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 14 Jan 2026 Latest | ₹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 |
Subscription (Latest Snapshot)
View Detailed SubscriptionLatest snapshot: Jan 14, 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| NII | 1.89x | — |
| Retail Investors | 0.22x | — |
| Total | 1.05x | — |
Registrar
- Registrar
- KFin Technologies Limited
- Registrar Phone
- +91-40-6716-2222 / +91-40-7961-1000
- Registrar Email
- narmadesh.ipo@kfintech.com
- Registrar Address
- Selenium, Tower-B Plot No. 31, Financial District Nanakramguda, Serilingampally, Rangareddi Hyderabad, Telangana, 500 032 India
Narmadesh Brass IPO Investment Limits
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) | 1 | 240 | ₹123,600 |
| Retail (Max) | 1 | 240 | ₹123,600 |
| S-HNI (Min) | 2 | 480 | ₹247,200 |
| S-HNI (Max) | 8 | 1,920 | ₹988,800 |
| B-HNI (Min) | 9 | 2,160 | ₹1,112,400 |
Promoter Holding
The promoters of the company are M/s. Sprayking Limited, Mr. Hitesh Dudhagara and Mrs. Ronak Dudhagara.
IPO Reservation
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 | Maximum Allottees |
|---|---|---|
| NII (HNI) Shares Offered | 412,800 (47.38%) | NA |
| Retail Shares Offered | 412,800 (47.38%) | NA |
| Market Maker Shares Offered | 45,600 (5.24%) | NA |
| Total Shares Offered | 871,200 (100.00%) | — |
Narmadesh Brass Industries IPO Overview
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.
- Founded In
- 2019
- Managing Director
- Mr. Hitesh Dudhagara
- Headquarters
- Address: Plot No. 5, 8 & 9, Survey No. 433, Shree Ganesh Industrial Hub, Changa Village, Jamnagar – 361012, Gujarat, India.
- Website
- www.narmadeshbrass.com
- Industry
- Metal & Brass Manufacturing
Financials
| Year | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Net Worth (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2025 | 88.05 | — | 11.45 | 59.66 |
| 2024 | 79.06 | — | 5.73 | 46.68 |
| 2023 | 60.09 | 0.89 | 8.3 | — |
Frequently Asked Questions (FAQs)
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