Narmadesh Brass Industries IPO Subscription Day 1: Check Online Status

Here, the Narmadesh Brass Industries IPO launched on 12th January 2026. Bidding for the issue will close today, 20th January 2026. The primary aim of the Narmadesh Brass Industries IPO is to raise ₹44.87 crores from the market. Also, the Narmadesh Brass Industries IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the Narmadesh Brass Industries IPO subscription and details. 

Narmadesh Brass Industries IPO Details 

The price band for Riddhi Display Equipment’s IPO has been set at ₹515 per share, and a total of 8,71,200 shares are being issued. Let’s segregate the share quota fixed for different categories of investors. 

Narmadesh Brass Industries IPO Subscription Status

As of now, the Narmadesh Brass Industries IPO has been subscribed to 0.27 times. Of these, 0.03 times are subscribed by retail investors, 0.50 times by non-institutional investors, and [.] times by QII (Qualified Institutional Investors).  

The healthy subscription status indicates that investors are expecting higher returns at the time of Narmadesh Brass Industries’ IPO listing on 20th January 2026. Narmadesh Brass Industries also has a positive outlook behind the fresh issue of 0.07 crore shares, which will raise around Rs 44.87 crores.

Narmadesh Brass Industries IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Narmadesh Brass Industries IPO GMP for 12th January 2026. 

The grey market premium for this IPO has surged to 0.00% or Rs 0.00 per share. It indicates that the estimated listing price per share is Rs 515.00. Numerous factors played a pivotal role in this jump in the GMP of Riddhi Display Equipment’s IPO. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs. 

About Narmadesh Brass Industries Ltd.

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.

Technical Indicators

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

Narmadesh Brass Industries IPO Listing Expectations

Narmadesh Brass Industries IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A jump of 0.00% in Yash Highlight GMP suggests the estimated listing price per share will be around Rs 515.

It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation. 

Narmadesh Brass Industries IPO Dates

Note: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.

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