Narmadesh Brass Industries IPO Listing at 4% discount at ₹515.00 Per Share
Posted by : sachet | Wed Jan 21 2026
Narmadesh Brass Industries IPO listing delivers 4.00% premium at ₹495.00 per share over the issue price band of ₹515 per share. The Narmadesh Brass Industries IPO was subscribed 1.25 times at the time of its closing. In this subscription, qualified institutional buyers (QIBs) received [.] times, and non-institutional investors (NIIs) received 1.92 times. The retail quota of the issue was subscribed to 47.38%. Before delving deeper into the topic, go through the details of the Narmadesh Brass Industries IPO.
Narmadesh Brass Industries IPO
It is a fixed-price IPO of ₹44.87 crore, an entirely fresh issue of 0.07 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 19th January 2026. The Narmadesh Brass Industries IPO date is fixed between 12th January 2026 and 16th 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
| IPO Allotment Date | 16th January 2026 |
| IPO Open Date | 12th January 2026 |
| IPO Close Date | 15th January 2026 |
| Refund Initiation | 19th January 2026 |
| Issue Size | 8,71,200 shares(agg. up to ₹45 Cr |
| Fresh Issue | 6,55,200 shares(agg. up to ₹34 Cr) |
| Offer for Sale | 1,70,400 shares of ₹10(agg. up to ₹9 Cr) |
| Face Value | ₹10 per share |
| Lot Size | 240 Shares |
| Issue Price | ₹515 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Listing Date | 20th January 2026 |
Narmadesh Brass Industries IPO Listing
On the BSE & SME platforms, Narmadesh Brass Industries shares are listed at ₹495.00 per share, reflecting a 5.00% discount to the issue price of ₹515.00 per share.
About the Narmadesh Brass Industries IPO
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 Narmadesh Brass Industries Limited’s IPO. Refer to the table to learn about Vidya Wires Limited’s financial information.
| Year Ended | 30th Sep 2025 | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
| Assets | 63.10 | 59.66 | 46.68 | 22.00 |
| Revenue | 34.21 | 88.05 | 79.06 | 60.09 |
| Profit After Tax | 4.01 | 5.72 | 7.10 | 0.89 |
| EBITDA | 6.24 | 9.34 | 11.41 | 2.13 |
| Net Worth | 22.46 | 11.45 | 5.73 | 8.30 |
| Reserves and Surplus | 23.30 | 12.69 | 6.97 | – |
| Total Borrowings | 19.21 | 24.73 | 22.43 | 5.94 |
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.
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