Narmadesh Brass IPO opens for subscription on January 12, 2026, and closes on January 15, 2026, with shares listing on BSE SME on January 20, 2026. The issue comprises 8.71 lakh equity shares priced at ₹515 per share, aggregating ₹44.87 crore through fresh issue and offer for sale components. Narmadesh Brass Industries manufactures brass billets, rods, fittings, and components for plumbing, sanitaryware, and industrial applications from its Jamnagar facility, serving both domestic and international markets. The Narmadesh Brass IPO offers exposure to India’s brass products demand driven by housing and infrastructure development.
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Expert Opinions
Market sentiment for Narmadesh Brass IPO leans positive among SME investors, drawn to consistent revenue growth and brass sector tailwinds from infrastructure spending. Company strengths include established Jamnagar manufacturing with backward integration, diversified export markets reaching 15+ countries, and low 45% capacity utilization offering immediate volume expansion potential. Risks encompass copper price volatility, export dependency amid rupee fluctuations, competitive pressures from unorganized players, and working capital cycle pressures.
Valuation analysis for Narmadesh Brass IPO and year 2025 shows a Return on Equity (ROE) of 49.99%, ROCE of 23.29%, and Net Asset Value (NAV) of ₹57.24, reflecting strong profitability with reasonable asset backing at premium P/E multiples. Long-term investment perspective supports steady compounding from housing boom, water infrastructure projects, and PLI scheme benefits, favoring portfolios seeking industrial metals exposure over short-term listing trades.
Investor Considerations
Narmadesh Brass IPO investors should assess the company’s steady fundamentals, with consistent revenue from brass billets, rods, and fittings production at its integrated Jamnagar facility. The brass products sector outlook benefits from rising housing demand, water infrastructure projects, and export opportunities. Valuation analysis for Narmadesh Brass IPO in 2025 shows an EBITDA Margin of 10.64%, PAT Margin of 6.52%, and Debt/Equity ratio of 1.68, indicating stable operations with moderate leverage.
Growth prospects include capacity utilization improvement from current low levels and machinery modernization funded by IPO proceeds. Risks involve copper price fluctuations, export currency volatility, and competition from unorganized manufacturers. Long-term investment goals align with infrastructure multipliers and urbanization trends, while short-term objectives face SME listing volatility and allotment uncertainties.
| Date | GMP | Trend |
|---|---|---|
| 19 Jan 2026 20.28 | ₹00 | --- |
| 09 Jan 2026 20.42 | ₹00 | --- |
FAQs
Narmadesh Brass IPO Current GMP is ₹00.
Narmadesh Brass IPO Expected Returns is 0.00%.
Narmadesh Brass IPO estimated listing price is ₹515.