Narmadesh Brass Industries
CLOSEDIPO Date: 12 Jan - 16 Jan 2026
Listing Date: 21 Jan 2026
Price Range
₹515 - ₹515
Issue Size
45 Cr
Min Investment
₹1,23,600
Lot Size
240 Shares
Schedule of Narmadesh Brass Industries
Issue open date
12 Jan 2026
Issue close date
16 Jan 2026
UPI mandate deadline
16 Jan 2026 (5 PM)
Allotment finalization
19 Jan 2026
Share credit
20 Jan 2026
Listing date
21 Jan 2026
Mandate end date
31 Jan 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 45 Cr |
| Fresh Issue | 36.09 Cr |
| Offer for Sale | 8.78 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 19 Jan 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 20 Jan 2026 | ₹515 | ₹0 | ₹515 (0%) |
| 18 Jan 2026 | ₹515 | ₹0 | ₹515 (0%) |
| 17 Jan 2026 | ₹515 | ₹0 | ₹515 (0%) |
| 15 Jan 2026 | ₹515 | ₹0 | ₹515 (0%) |
| 14 Jan 2026 | ₹515 | ₹0 | ₹515 (0%) |
| 13 Jan 2026 | ₹515 | ₹0 | ₹515 (0%) |
| 11 Jan 2026 | ₹515 | ₹0 | ₹515 (0%) |
| 10 Jan 2026 | ₹515 | ₹0 | ₹515 (0%) |
| 9 Jan 2026 | ₹515 | ₹0 | ₹515 (0%) |
| 8 Jan 2026 | ₹515 | ₹0 | ₹515 (0%) |
| 7 Jan 2026 | ₹515 | ₹0 | ₹515 (0%) |
Performance Narmadesh Brass Industries
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹515 - ₹515 | ₹ 2937 (-3.88%) | ₹ 200.05 | -61.16% |
About Narmadesh Brass Industries
Narmadesh Brass Industries Limited manufactures a diverse range of brass products for both domestic and international markets. The company manufactures brass billets, brass rods, brass components, brass sanitary and plumbing fittings, and brass valves. In addition to standard product manufacturing, it also provides casting and forging services related to brass components. The company operates through a single manufacturing facility located at Jamnagar, Gujarat. The company says the manufacturing activities are carried out under an integrated setup where all stages, including production, quality inspection, and dispatch, are undertaken within the same facility.
| Founded in | 2019 |
| Managing director | Mr Hitesh Dudhagara |
| Parent organization |
Financial Overview
Strengths
- ISO 9001:2015 certified manufacturing facility in the Jamnagar brass cluster.
- Experienced promoters with a strong background in brass manufacturing.
- Integrated capabilities across brass rods, billets, and components.
- Established customer base across domestic and export markets.
- Strategic location with access to skilled labour and raw materials.
Risks
- High revenue dependence on a limited range of brass products.
- Single-location manufacturing increases operational concentration risk.
- Dependence on a small number of customers for a large share of revenue.
- Exposure to volatility in brass, copper, and zinc prices.
- Limited operating history as a recently incorporated public company.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | 1.92 |
| Retail Individual Investors (RIIs) | 0.44 |
| Employee | N/A |
| Total | 1.25 |