Narmadesh Brass IPO Date, Review, Price, Allotment Details

Posted on: 07 Jan 2026

The Narmadesh Brass IPO is scheduled to open on January 12, 2026, and will close on January 15, 2026. It is a fixed-price issue, through which the company aims to raise approximately ₹45 crore, consisting of a fresh issue of ₹36 crore and an offer for sale of up to 1,70,400 equity shares with a face value of ₹10 each.

The IPO is priced at ₹515 per share. The retail quota is 50%, QIB allocation is 0%, and the HNI quota is 50%. The shares of Narmadesh Brass are expected to be listed on BSE SME on January 20, 2026, with the allotment date scheduled for January 16, 2026.

Financially, the company reported a revenue of ₹88.05 crore in 2025, up from ₹79.06 crore in 2024. However, profit declined to ₹5.72 crore in 2025 from ₹7.10 crore in 2024. Considering the financial performance, long-term investors may consider applying to this IPO.

Narmadesh Brass IPO Details

IPO Open Date
January 12, 2026
IPO Close Date
January 15, 2026
Face Value
₹10 Per Equity Share
IPO Price Band
₹515 Per Share
Issue Size
Approx ₹45 Crores
Fresh Issue
Approx ₹36 Crores
Offer for Sale:
Approx 1,70,400 Equity Shares
Issue Type
Fixed Price Issue
IPO Listing
BSE SME
DRHP Draft Prospectus
PDF
RHP Draft Prospectus
PDF

Narmadesh Brass IPO Market Lot

The minimum market lot for the Narmadesh Brass IPO is 480 shares, which amounts to an application value of ₹2,47,200.

Application
Lot Size
Shares
Amount
Retail Minimum
2
480
₹2,47,200
Retail Maximum
2
480
₹2,47,200
S-HNI Minimum
3
720
₹3,70,800
S-HNI Maximum
₹-
B-HNI Minimum
₹-

IPO Reservation

Investor Category
Share Offered
-% Shares
Anchor Investor
– Shares
-%
QIB (Ex. Anchor)
– Shares
-%
NII Shares Offered
4,12,800 Shares
47.38%
Retail Shares Offered
4,12,800 Shares
47.38%

Narmadesh Brass IPO Dates

The Narmadesh Brass IPO will open on January 12, 2026, and close on January 15, 2026. The allotment will be finalized on January 16, 2026, with the listing scheduled for January 20, 2026.

IPO Open Date:
January 12, 2026
IPO Close Date:
January 15, 2026
Basis of Allotment:
January 16, 2026
Refunds:
January 19, 2026
Credit to Demat Account:
January 19, 2026
IPO Listing Date:
January 20, 2026
IPO Bidding Cut-off Time:
January 15, 2026 – 5 PM

Promoters and Holding Pattern

The promoters of Narmadesh Brass are M/s. Sprayking Limited, Mr. Hitesh Dudhagara, and Mrs. Ronak Dudhagara.

Particular
Shares
% Share
Promoter Holding Pre Issue
24,00,000
99.92%
Promoter Holding Post Issue
31,00,800
71.84%

Objects of the Issue & Utilisation of Proceeds

Purpose
Crores
Repayment/ prepayment, in full or in part, of certain outstanding borrowings
₹14.50
Purchase of machinery and equipment
₹3.29
Funding Working capital requirements
₹10.20
General Corporate Purpose
₹-

About Narmadesh Brass IPO

To be updated soon

Narmadesh Brass IPO Company Financial Report

Amount ₹ in Crores

Period Ended
Revenue
Expense
PAT
Assets
2023
₹60.09
₹58.92
₹0.89
₹22.00
2024
₹79.06
₹69.38
₹7.10
₹46.68
2025
₹88.05
₹80.92
₹5.72
₹59.66
September 2025
₹34.21
₹29.37
₹4.01
₹63.10

Narmadesh Brass IPO Valuation – FY2025

Check Narmadesh Brass IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

KPI
Values
ROE:
49.99%
ROCE:
23.29%
EBITDA Margin:
10.64%
PAT Margin:
6.52%
Debt to equity ratio:
1.68
Earning Per Share (EPS):
₹26.23 (Basic)
Price/Earning P/E Ratio:
19.63
Return on Net Worth (RoNW):
49.99%
Net Asset Value (NAV):
₹57.24

Peer Group Comparison

Company
EPS
PE Ratio
RoNW %
NAV
Income
Poojawestern Metaliks Limited
1.53
18.67
11.46%
13.38
50.37 Cr.
Siyaram Recycling Industries Limited
6.69
8.10
11.49%
58.24
515.56 Cr.

IPO Lead Managers aka Merchant Bankers

  • Aryaman Financial Services Ltd.

Company Address

Narmadesh Brass Industries Ltd.
Plot No. 5, 8 & 9
Survey No. 433, Shree Ganesh Industrial Hub
Changa Village
Jamnagar, Gujarat, 361012
Phone: +91 028 95299401
Email: info@narmadeshbrass.com
Website: https://www.narmadeshbrass.com/

IPO Registrar

Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://ipostatus.kfintech.com/

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