Narmadesh Brass Industries Limited IPO
Narmadesh Brass Industries Limited IPO
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Following its successful public offering, Narmadesh Brass Industries Limited's made its market debut on 21-01-2026 and is now actively traded on the BSEplatform. The IPO mobilized 8,71,200 Shares in total capital, including 7,00,800 Shares in primary equity infusion and ₹8.77 Cr in secondary share sales.
The offering was structured with a price band of ₹515 to ₹515 and minimum investment lots of 240 shares. Investor participation during the subscription window from 12-01-2026 to 16-01-2026 demonstrated market confidence in the company's prospects.
The allotment process concluded on 19-01-2026, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Narmadesh Brass IPO About Company
Narmadesh Brass Industries Ltd is a modern brass manufacturing company based in Jamnagar, Gujarat, operating from a 6,293 square metre facility located in the Shree Ganesh Industrial Hub, an area well known for brass production. The company makes a wide range of brass products for both Indian and international markets, including brass billets and rods, ball valves and NRVs, plumbing and sanitary fittings with lead-free options, and agricultural sprayer and garden fittings. All major processes such as casting, forging, turning, CNC and VMC machining are carried out in-house, which helps the company maintain consistent quality from production to final dispatch. The company is certified under ISO 9001:2015 for its quality management system and, as of September 30, 2025, its manufacturing operations were supported by 81 contract workers.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Narmadesh Brass IPO Strength Factors
- Integrated Manufacturing: In-house production of brass rods, billets, and components allows better customization, quality control, and cost efficiency.
- Strategic Jamnagar Location: Located in Jamnagar, Gujarat, offering easy access to raw materials, skilled labor, and strong logistics support.
- Experienced Promoter Leadership: Led by promoters with over 20 years of industry experience, ensuring strong execution and strategic focus.
Narmadesh Brass IPO Risk Factors
- Potential Conflict of Interest: Promoters’ involvement in similar businesses may create conflicts affecting operations.
- Capex Delay & Cost Overrun Risk: Delays in ordering machinery or cost increases may impact expansion plans.
- Repayable Promoter Loans: On-demand unsecured loans could put pressure on cash flows if recalled.
Narmadesh Brass IPO Lead Manager(s)
- Aryaman Financial Services Limited
Narmadesh Brass IPO Promoter(s)
- M/s. Sprayking Limited
- Mr. Hitesh Dudhagara
- Mrs. Ronak Dudhagara
Narmadesh Brass IPO FAQs
Narmadesh Brass Industries Limited IPO subscribed 1.22 times. The public issue subscribed 0.38 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byJanuary 21, 2026 4:15:00 AM (Day 21).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Narmadesh Brass IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Narmadesh Brass IPO FAQs
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