Narmadesh Brass Industries IPO GMP & Review: Apply or Avoid?

Narmadesh Brass Industries IPO GMP is open for bidding from 12th January 2026 to 15th January 2026. It is a bookbuilding IPO of ₹44.87 crore, an entirely fresh issue of 0.07 crore shares, and an offer for sale of 0.02 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 20th January 2026. 

Narmadesh Brass Industries IPO Details 

The Narmadesh Brass Industries IPO date is fixed between 12th January 2026 and 15th January 2026. The face value of Narmadesh Brass Industries shares stands at ₹10 per share, and the IPO Issue price band is set at ₹515 per share

Kfin Technologies Limited is the registrar of the Narmadesh Brass Industries IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Narmadesh Brass Industries IPO Share Reservation

Riddhi Display Equipment’s IPO is a bookbuilding issue of 0.07 crore shares worth ₹44.87 crore. Narmadesh Brass Industries IPO Limited shares will be listed on the NSE and the NSE Exchange. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Narmadesh Brass Industries IPO GMP Grey Market Premium

GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Narmadesh Brass Industries IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of 12th January 2026, Narmadesh Brass Industries IPO GMP stands at ₹0.00 per share, which means the share will likely list at ₹515.00 on its tentative listing date, 20th January 2026.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Narmadesh Brass Industries IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends. 

Narmadesh Brass Industries IPO GMP Review

Check out the detailed Narmadesh Brass Industries GMP IPO review for a thorough understanding of its potential to report listing gains on 20th January 2026. The Narmadesh Brass Industries IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the Narmadesh Brass Industries IPO.

Narmadesh Brass Industries Limited’s revenue increased by 11.37% from ₹79.06 crores in March 2024 to ₹88.05 crores in March 2025. Moreover, the company’s PAT decreased by 19.43% from ₹7.10 crores in March 2024 to ₹5.72 crores in March 2025.

Narmadesh Brass Industries’ IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for the Narmadesh Brass Industries IPO, with its tentative listing day set for 20th January 2026. 

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Narmadesh Brass Industries IPO.

The P/E ratio of Narmadesh Brass Industries Limited shares is 19.63, and its Earnings Per Share (EPS) stands at 26.23. Thus, the Narmadesh Brass Industries IPO can deliver gains on its tentative listing date, 20th January 2026. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Narmadesh Brass Industries Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

Narmadesh Brass Industries IPO Subscription Status

The Narmadesh Brass Industries IPO will open for bidding on 12th January 2026. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Narmadesh Brass Industries IPO Subscription Status. 

About Narmadesh Brass Industries Limited

Narmadesh Brass Industries Ltd. is a modern brass manufacturing company based in Jamnagar, Gujarat. The company’s manufacturing facility spans 6,293 m², situated at Plot Nos. 5, 8 & 9 in the Shree Ganesh Industrial Hub, Jamnagar – a city renowned as India’s “Brass City” due to its dense concentration of brass producers. Narmadesh specialises in producing a wide variety of brass products for both domestic and export markets. Their portfolio includes Brass Billets, Brass Rods, Agricultural Sprayer Parts and Garden Fittings, Brass Valves (including ball valves and NRVs), Plumbing and Sanitary Fittings (including lead-free options), and Customisation via Casting, Forging, Turning, CNC & VMC Machined Components.

Narmadesh Brass Industries Limited Financials

The company’s financial analysis is essential before applying for the Narmadesh Brass Industries IPO. Look at the table to learn about Narmadesh Brass Industries Limited’s financials. 

Explanation

Narmadesh Brass Industries Limited’s revenue increased by 11.37% from ₹79.06 crores in March 2024 to ₹88.05 crores in March 2025. Moreover, the company’s PAT decreased by 19.43% from ₹7.10 crores in March 2024 to ₹5.72 crores in March 2025.

Narmadesh Brass Industries Limited IPO Promoter Holdings

Have a look at the table below to check the holdings of Ashish Kankaria, Shruti A. Kankaria, Ambica Capital Markets Limited, and Gold View Financial Services Limited.

Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.

Aim of the Narmadesh Brass Industries IPO

The primary aim of the Narmadesh Brass Industries IPO is to raise ₹44.87 crores. On the other hand, Narmadesh Brass Industries India has decided to utilise these funds in different ways.

• To Repayment/ prepayment, in whole or in part, of certain outstanding borrowings
• To General Corporate Expenses
• To purchase machinery and equipment
• To fund working capital requirements

Should I Invest in the Narmadesh Brass Industries IPO?

Explore the pros and cons of Narmadesh Brass Industries to know whether you should apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades. 

Pros of the Narmadesh Brass Industries IPO

• The company has a well-equipped, ISO-certified manufacturing facility located in the brass-rich hub of Jamnagar (often referred to as “Brass City”), which ensures efficiency and supply chain advantages.
• The company has experienced promoters and a management team, including Hitesh Pragajibhai Dudhagara and others, who bring continuity from the prior partnership structure.
• The company’s complete process control, from raw brass billet casting to finished product dispatch, enables better quality assurance and responsiveness to client needs.

Cons of the Narmadesh Brass Industries IPO

• The company has a limited operating history
•  The company has a negative cash flow
• The company has a High Working Capital Requirement

How to Apply for the Narmadesh Brass Industries IPO?

Check the steps mentioned below to apply for Narmadesh Brass Industries Ltd.

• Step 1: Conduct thorough research on the Narmadesh Brass Industries IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for 2 lots of 480 shares worth ₹2,47,200
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Narmadesh Brass Industries IPO across multiple demat accounts to increase your chances of allotment. 

How to Check the Narmadesh Brass Industries IPO Allotment Status?

You can check for the Narmadesh Brass Industries IPO allotment in different ways. These include BSE and the registrar portal. Follow the steps below to check your allotment status online.

Check On BSE

• Visit the BSE Official Site
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Narmadesh Brass Industries IPO.  
• Choose whether to proceed with the PAN number or the application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal.
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Narmadesh Brass Industries IPO allotment status.

Let’s Wrap

Narmadesh Brass Industries IPO is a bookbuilding issue of shares worth ₹44.87 crores. The shares of Narmadesh Brass Industries Limited will be listed on BSE and SME on its tentative listing date of 20th January 2026. Researching the Narmadesh Brass Industries IPO GMP and reviews is highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Narmadesh Brass Industries IPO

How is the Narmadesh Brass Industries IPO?

Ans. Currently, on 12th January 2026, the Narmadesh Brass Industries GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹515 per share. It is a bookbuilding IPO of ₹44.87 shares. The face value of each Narmadesh Brass Industries share is ₹10 per share. 

What is the Narmadesh Brass Industries IPO price?

Ans. The Narmadesh Brass Industries IPO issue price band is set at ₹515 per share. 

Is the Narmadesh Brass Industries IPO a good investment?

Ans. Narmadesh Brass Industries Limited’s revenue increased by 11.37% from ₹79.06 crores in March 2024 to ₹88.05 crores in March 2025. Moreover, the company’s PAT decreased by 19.43% from ₹7.10 crores in March 2024 to ₹5.72 crores in March 2025.

Who is the registrar of the Narmadesh Brass Industries IPO?

Ans. Kfin Technologies Limited is the registrar for the Narmadesh Brass Industries IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Narmadesh Brass Industries allotment and refund, you can contact Kfin Technologies Limited at einward.ris@kfintech.com or at 04067162222, 04079611000.

What is the issue size of the Narmadesh Brass Industries IPO? 

Ans. Narmadesh Brass Industries IPO is a bookbuilding IPO of ₹44.87 crores. Moreover, the IPO is set to open on 12th January 2026 and close on 15th January 2026. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Narmadesh Brass Industries IPO, download the Narmadesh Brass Industries IPO RHP and Narmadesh Brass Industries IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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