Narmadesh Brass IPO Details
The key details of Narmadesh Brass Industries’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹44.87 Cr |
| Price Range | ₹515 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 480 |
| Investment (cut-off price) | ₹2,47,200 |
| Pre IPO Promotor Holding | 99.92% |
| Post IPO Promotor Holding | 71.84% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Narmadesh Brass IPO Timelines
The IPO process for Narmadesh Brass Industries includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
12/01/2026
Start Date15/01/2026
End Date19/01/2026
Refund Initiation19/01/2026
Credit of Shares to Demat Ac20/01/2026
Listing DateNarmadesh Brass IPO Lot Size
The Narmadesh Brass IPO has a fixed lot size of 240 shares, at a fixed price band of ₹515 per share. For retail investors, the minimum and maximum application is 480 shares (2 lots) amounting to ₹2,47,200. For HNI investors, the minimum application is 720 shares (3 lots) worth ₹3,70,800.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 480 | ₹2,47,200 |
| Retail Maximum | 2 | 480 | ₹2,47,200 |
| HNI Minimum | 3 | 720 | ₹3,70,800 |
Narmadesh Brass IPO Subscription Status
The subscription status for Narmadesh Brass Industries IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 1.92x | 0.44x | -- | 1.25x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹ | ₹ | ₹ | ₹ |
Narmadesh Brass IPO Company Financials
Narmadesh Brass Industries reports robust performance in FY2025 with Total Income of ₹88.05 crores, managing expenses at ₹80.92 crores, and achieving a strong PAT (Profit After Tax) of ₹5.72 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹60.09 | ₹58.92 | ₹0.89 |
| FY 2024 | ₹79.06 | ₹69.38 | ₹7.10 |
| FY 2025 | ₹88.05 | ₹80.92 | ₹5.72 |
| FY 2026 (6 M) | ₹34.21 | ₹29.37 | ₹4.01 |
About Company
Narmadesh Brass Industries Ltd is a modern brass manufacturing company located in Jamnagar, Gujarat, a region widely recognized for its concentration of brass manufacturers. The manufacturing facility covers an area of 6,293 square meters and is situated at Plot Nos. 5, 8 and 9 in the Shree Ganesh Industrial Hub. The company operates with integrated in-house processes and holds ISO 9001:2015 certification, demonstrating compliance with international quality management standards.
The product portfolio caters to both domestic and export markets and includes brass billets, brass rods, brass valves such as ball valves and NRVs, plumbing and sanitary fittings including lead free options, agricultural sprayer parts, and garden fittings. Manufacturing capabilities include casting, forging, turning, CNC and VMC machining, all carried out within the same premises to maintain strict quality control from production through dispatch. As of September 30, 2025, manufacturing operations were supported by 81 contract labourers.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2023 | Metal - Non Ferrous | Hitesh Dudhagara |
Know Before Investing
Narmadesh Brass IPO Strengths
- Narmadesh Brass Industries benefits from Jamnagar’s established brass manufacturing ecosystem, providing access to raw materials, skilled labour, and supply chain efficiencies that support cost-competitive production.
- The company follows a high-volume, manufacturing-led approach with in-house production capabilities, enabling economies of scale and consistent order fulfilment for brass components and fittings.
- Management’s brass manufacturing expertise supports operational efficiency, customer relationships, and strategic expansion in a specialised metal components sector.
- Planned prepayment of borrowings directly lowers interest costs and enhances capacity to bid for larger orders without leverage constraints.
- Long-standing ties with brass raw material suppliers ensure input availability and pricing stability in Jamnagar’s integrated brass cluster.
- Emphasis on consistent quality positions the company well for repeat business from industrial and infrastructure customers requiring durable brass fittings.
Narmadesh Brass IPO Risks
- Raw brass and metal input costs expose margins to LME/global price swings without guaranteed pass-through to industrial customers.
- Dependence on specific industries for brass fittings creates vulnerability to sector slowdowns, tender delays, or shifts to alternative materials.
- Jamnagar hosts numerous brass manufacturers; pricing pressure from regional players can erode margins in B2B commodity-like fittings.
- Operations centred in Jamnagar expose the business to local disruptions, labour issues, or Gujarat-specific economic/policy changes.
- Machinery upgrades and debt reduction benefits depend on timely implementation and effective capacity absorption for sustained returns.
- Brass components demand ties to infrastructure, manufacturing capex, and economic cycles, leading to potential order volatility.
Swot Analysis for Narmadesh Brass IPO
Strengths
Integrated Brass Manufacturing, Strategic Jamnagar Location, Experienced Promoter Leadership
Weaknesses
Short Operating History, Commodity Brass Exposure, Limited Scale vs Peers
Opportunities
Plumbing Modernisation Demand, Export Market Penetration, Value-Added Components
Threats
Raw Material Price Volatility, Chinese Import Pressure, Regulatory Compliance
Company Details
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 Registar Details
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://ipostatus.kfintech.com/
FAQs
The key objectives of Narmadesh Brass SME IPO are:
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings
- Purchase of machinery and equipment
- Funding Working capital requirements
- General Corporate Purpose
Aryaman Financial Services Ltd. is the book-running lead managers for the Narmadesh Brass IPO.
Narmadesh Brass has growth potential driven by housing and infrastructure demand for brass fittings. Very low capacity utilization of 4% in billets and 18% in components allows volume scaling with limited capex, while Jamnagar’s brass ecosystem, cost advantages, and export exposure support margin and revenue expansion.
The issue price for the Narmadesh Brass IPO is set to ₹515 per share.
To invest in two lot of Narmadesh Brass IPO, you need ₹2,47,200 at the fixed price band (₹515 per share) for a lot size of 480 shares.
Narmadesh Brass IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on January 20, 2025.
Refund/unblocking of funds for Narmadesh Brass IPO will begin on January 19, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Narmadesh Brass IPO shares on listing day (January 20, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.