Narmadesh Brass Industries Limited is entering the public markets through SME IPO with an issue size of ₹44.87 crore. The issue consists of a fresh issue of equity shares. The shares are proposed to be listed on BSE & SME.
The IPO subscription window opens on January 12, 2026 and will remain open until January 14, 2026. The company plans to list its shares on January 19, 2026. Being an SME IPO, the issue may appeal to investors familiar with lower liquidity listings.
Narmadesh Brass Industries Limited IPO Timeline
IPO Listing Snapshot
This snapshot provides a quick view of the IPO status, pricing levels, and indicative performance.
| IPO Status | Issue Price | Listing Price | Listing Gain |
|---|---|---|---|
| Listed | ₹515 | ₹495 | ▼ -3.88% |
IPO Quick Facts
This section covers the main IPO details of Narmadesh Brass Industries Limited that investors generally review before applying.
IPO Details at a Glance
| Company Name | Narmadesh Brass Industries Limited |
|---|---|
| IPO Segment | SME |
| Sale Type | Fresh Issue |
| Issue Type | Fixed Price IPO |
| Price | ₹515 Per Share |
| Lot Size | 240 Shares |
| Face Value | ₹10 Per Share |
| Exchange | BSE & SME |
Investor Category & Share Allocation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 45,600 | 5.23% |
| NII (HNI) | 412,800 | 47.38% |
| Retail | 412,800 | 47.38% |
| Total Shares Offered | 871,200 | 100.00% |
Narmadesh Brass Industries Limited IPO Important Dates
The following table highlights the key dates for the Narmadesh Brass Industries Limited IPO, covering the subscription period and the expected listing timeline.
| IPO Opening Date | 12 Jan 2026 |
|---|---|
| IPO Closing Date | 14 Jan 2026 |
| Allotment Finalization | 15 Jan 2026 |
| Initiation of Refunds | 16 Jan 2026 |
| Credit of Shares | 16 Jan 2026 |
| IPO Listing Date | 19 Jan 2026 |
Narmadesh Brass Industries Limited IPO Size
| Total IPO Size | ₹44.87 Crore |
|---|---|
| Offer For Sale | ₹8.78 Crore |
| Fresh Issue | ₹36.09 Crore |
Narmadesh Brass Industries IPO IPO Lot Size & Minimum Investment
The table below shows the lot size and investment amount for the Narmadesh Brass Industries IPO, which is a fixed price IPO priced at ₹515 per share.
Investors can apply for the IPO with a minimum of 240 shares. Applications must be made in multiples of 240 shares.
- Retail investors can apply from 2 lot to 2 lots.
This information helps investors understand the minimum investment required before applying for the IPO.
Note: Retail investors generally apply at the cut-off price, which is ₹515 per share.
| Category | Lots | Shares | Price | Amount |
|---|---|---|---|---|
| Retail (Min) | 2 | 480 | ₹515 | ₹247,200 |
| Retail (Max) | 2 | 480 | ₹515 | ₹247,200 |
| HNI (Min) | 3 | 720 | ₹515 | ₹370,800 |
IPO Financial Summary
- Total Assets changed by 27.81% in FY 2024-2025.
- Total Revenue changed by 11.37% in FY 2024-2025.
- Profit After Tax changed by -19.44% in FY 2024-2025.
- Reserves & Surplus changed by 82.07% in FY 2024-2025.
- Total Borrowings changed by 10.25% in FY 2024-2025.
| Metric | 2025-09-30 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 63.10 | 59.66 | 46.68 | 22.00 |
| Total Revenue (₹ Cr) | 34.21 | 88.05 | 79.06 | 60.09 |
| Profit After Tax (₹ Cr) | 4.01 | 5.72 | 7.10 | 0.89 |
| Reserves & Surplus (₹ Cr) | 23.30 | 12.69 | 6.97 | 0.00 |
| Total Borrowings (₹ Cr) | 19.21 | 24.73 | 22.43 | 5.94 |
Narmadesh Brass Industries IPO Promoter Holding
| Promoter(s) | M/s. Sprayking Limited, Mr. Hitesh Dudhagara and Mrs. Ronak Dudhagara |
|---|---|
| Pre-Issue Holding | 99.92% |
| Post-Issue Holding | 71.84% |
Narmadesh Brass Industries Limited IPO FAQs
The Narmadesh Brass Industries Limited IPO is a SME Fixed Price IPO with a total issue size of ₹44.87 crore.
The IPO will open for subscription on Mon, 12 Jan 2026 and will close on Wed, 14 Jan 2026.
The shares are being offered at a fixed issue price of ₹515 per equity share.
Investors can apply for the IPO with a minimum lot size of 240 shares.
At the upper price band, the minimum investment required for one lot is approximately ₹247,200.
The shares of Narmadesh Brass Industries Limited are expected to be listed on BSE & SME on Mon, 19 Jan 2026.
Each equity share in the IPO has a face value of ₹10.
The IPO consists of a Fresh Issue, where shares are being offered by existing shareholders.
How to Apply for Narmadesh Brass Industries Limited IPO?
Login to Your Trading App
Open your trading app such as Angel One, Zerodha, Upstox, Groww or any brokerage app.
Go to the IPO Section
Navigate to the IPO section in the app, search for the IPO, and enter your bid details.
Enter Your UPI ID
Provide your UPI ID that is linked to your bank account for payment authentication.
Approve the Mandate
Open your UPI app and approve the payment mandate to block the required amount.
Application Confirmation
Application submitted successfully, the funds will remain blocked until allotment is finalized.
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