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Subscription Status · Jan 12 – Jan 15, 2026 · ₹515–515
Narmadesh Brass IPO subscribed 1.18 times — as of Jan 16, 2026
The Narmadesh Brass IPO subscription has recorded adequate investor demand with an overall subscription of 1.18× as of Jan 16, 2026, indicating that investors applied for 1.18 times the number of shares on offer. All investor categories — institutional, HNI, and retail — have participated actively, making this one of the closely watched IPO openings.
As of January 16, 2026
| Category | Shares Offered | Shares Bid For | Times Subscribed | Applications |
|---|---|---|---|---|
|
NII
Non-Institutional Investors
|
412,800 | 791,520 |
1.92×
|
— |
|
Retail
Retail Individual Investors
|
412,800 | 183,360 |
0.44×
|
— |
|
Total
|
825,600 | 974,880 |
1.18×
|
— |
How subscription built up across investor categories over time
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| NII | 412,800 | 791,520 | 1.92× | — |
| Retail | 412,800 | 183,360 | 0.44× | — |
| Total | 825,600 | 974,880 | 1.18× | — |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| NII | 412,800 | 781,680 | 1.89× | — |
| Retail | 412,800 | 88,800 | 0.22× | — |
| Total | 825,600 | 870,480 | 1.05× | — |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| NII | 412,800 | 781,680 | 1.89× | — |
| Retail | 412,800 | 88,800 | 0.22× | — |
| Total | 825,600 | 870,480 | 1.05× | — |
As of January 16, 2026, the Narmadesh Brass IPO has been subscribed 1.18 times overall. The IPO is fully subscribed.
The Narmadesh Brass IPO subscription window was open from January 12, 2026 to January 15, 2026. Investors could apply through their demat account or ASBA facility.
The Narmadesh Brass IPO has a price band of ₹515 to ₹515 per share, with a lot size of 240 shares. Minimum retail investment: ₹123,600 (lower band) or ₹123,600 (upper band).
Retail investors subscribed 0.44 times. Retail was offered 412,800 shares. Below 1× indicates moderate retail interest.
Overall NII: 1.92×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on January 16, 2026. Check via the registrar's website — KFin Technologies Limited using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Narmadesh Brass IPO is expected to list on January 20, 2026. Shares will list on BSE SME platform. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 1.18× means investors have bid for 1.18 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares — allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of 0.44×, the estimated allotment probability for retail investors is High. Applicants likely to get full allotment. If final subscription stays below 1×, all applicants are likely to get full allotment.
You can apply for Narmadesh Brass IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Jan 12 to Jan 15, 2026.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Narmadesh Brass IPO GMP data, check the IPO Rise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price — use it only as a sentiment signal alongside official subscription data.
The Narmadesh Brass IPO subscription tracks how many times each investor category has subscribed relative to their reserved quota. As of Jan 16, 2026, the overall subscription stands at 1.18× — Fully Subscribed.
QIBs include domestic mutual funds, FIIs/FPIs, banks, insurance companies, and SEBI-registered venture capital funds. They are allocated up to 50% of the net offer (75% for SME IPOs). High QIB subscription signals strong institutional conviction and is considered a positive indicator for post-listing performance.
NIIs are high-net-worth individuals (HNIs) and corporate bodies applying for more than ₹2 lakh. SEBI further divides this into bNII (bids above ₹10 lakh) and sNII (bids between ₹2–10 lakh), each with a separate allotment bucket. NII overall at 1.92×. Very high NII subscription (>50×) often signals leveraged HNI bidding, suggesting a strong listing expectation.
Retail investors apply for up to ₹2 lakh. They are reserved 35% of the net offer (in most mainboard IPOs). If oversubscribed, allotment is via computerised lottery — each applicant (regardless of lot count) has an equal probability. Narmadesh Brass IPO retail subscription: 0.44×.
Price band: ₹515–₹515 per share. Lot size: 240 shares. Minimum retail investment at upper band: ₹123,600. Applications must be in multiples of 240 shares.
Stock exchanges (BSE/NSE) publish subscription data multiple times a day during the subscription window. The figures shown here represent the latest available snapshot. "Shares Offered" is the quota reserved for each category; "Shares Bid For" is the total demand received; "Times Subscribed" is the ratio of demand to supply.
Subscription Opens Done
Jan 12, 2026Subscription Closes Done
Jan 15, 2026Basis of Allotment Done
Jan 16, 2026Listing on BSE Done
Jan 20, 2026Applicants likely to get full allotment. Based on retail subscription of 0.44×.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.