Narmadesh Brass Industries IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jan 12 to Jan 16 2026
Price Band
₹515
Current GMP
₹495.0 (-3.88%)
Subscription
1.25 times
IPO Details
| IPO Date | 12 to 16 Jan, 2026 |
| Listing Date | Wed, Jan 21, 2026 |
| Face Value | ₹ 10 per share |
| Issue Price | ₹515 per share |
| Lot Size | 240 Shares |
| Sale Type | Fresh Capital & OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 8,71,200 shares (agg. up to ₹ 45 Cr) |
| Reserved for Market Maker | 45,600 shares (agg. up to ₹ 2 Cr) JSK Securities & Services Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 6,55,200 shares (agg. up to ₹ 34 Cr) |
| Offer for Sale | 1,70,400 shares of ₹ 10 (agg. up to ₹ 9 Cr) |
| Net Offered to Public | 8,25,600 shares (agg. up to ₹ 43 Cr) |
| Share Holding Pre Issue | 24,00,000 shares |
| Share Holding Post Issue | 31,00,800 shares |
| BSE Script Code | 544680 |
| ISIN | INE0S1B01014 |
IPO Date
12 to 16 Jan, 2026
Listing Date
Wed, Jan 21, 2026
Face Value
₹ 10 per share
Issue Price
₹515 per share
Lot Size
240 Shares
Sale Type
Fresh Capital & OFS
Issue Type
Fixed Price IPO
Listing At
BSE SME
Total Issue Size
8,71,200 shares (agg. up to ₹ 45 Cr)
Reserved for Market Maker
45,600 shares (agg. up to ₹ 2 Cr) JSK Securities & Services Pvt.Ltd.
Fresh Issue (Ex Market Maker)
6,55,200 shares (agg. up to ₹ 34 Cr)
Offer for Sale
1,70,400 shares of ₹ 10 (agg. up to ₹ 9 Cr)
Net Offered to Public
8,25,600 shares (agg. up to ₹ 43 Cr)
Share Holding Pre Issue
24,00,000 shares
Share Holding Post Issue
31,00,800 shares
BSE Script Code
544680
ISIN
INE0S1B01014
IPO Subscription Details
| Market Maker | 1 |
| NII*** | 1.92 |
| Individual Investors | 0.44 |
| Total ** | 1.25 |
Market Maker
1
NII***
1.92
Individual Investors
0.44
Total **
1.25
Day Wise Sub
| Day | NII* | Individual Investors | Total |
|---|---|---|---|
| Jan 1 2 (Day 1) | 1.93 | 0.07 | 1.07 |
| Jan 1 3 (Day 2) | 1.84 | 0.16 | 1.07 |
| Jan 1 4 (Day 3) | 1.90 | 0.22 | 1.13 |
| Jan 1 6 (Day 4) | 1.92 | 0.44 | 1.25 |
DayJan 1
2 (Day 1)
NII*1.93
Individual Investors0.07
Total1.07
DayJan 1
3 (Day 2)
NII*1.84
Individual Investors0.16
Total1.07
DayJan 1
4 (Day 3)
NII*1.90
Individual Investors0.22
Total1.13
DayJan 1
6 (Day 4)
NII*1.92
Individual Investors0.44
Total1.25
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 21-01-2026 | 515.00 | 0(0.00%) | 515 |
| 20-01-2026 | 515.00 | 0(0.00%) | 515 |
| 19-01-2026 | 515.00 | 0(0.00%) | 515 |
| 18-01-2026 | 515.00 | 0(0.00%) | 515 |
| 17-01-2026 | 515.00 | 0(0.00%) | 515 |
| 16-01-2026 | 515.00 | 0(0.00%) | 515 |
| 15-01-2026 | 515.00 | 0(0.00%) | 515 |
| 14-01-2026 | 515.00 | 0(0.00%) | 515 |
| 13-01-2026 | 515.00 | 0(0.00%) | 515 |
| 12-01-2026 | 515.00 | 0(0.00%) | 515 |
| 11-01-2026 | 515.00 | 0(0.00%) | 515 |
| 10-01-2026 | 515.00 | 0(0.00%) | 515 |
| 09-01-2026 | 515.00 | 0(0.00%) | 515 |
| 08-01-2026 | 515.00 | 0(0.00%) | 515 |
| 07-01-2026 | 515.00 | 0(0.00%) | 515 |
Date21-01-2026
Price515.00
GMP0(0.00%)
Estimate List Price515
Date20-01-2026
Price515.00
GMP0(0.00%)
Estimate List Price515
Date19-01-2026
Price515.00
GMP0(0.00%)
Estimate List Price515
Date18-01-2026
Price515.00
GMP0(0.00%)
Estimate List Price515
Date17-01-2026
Price515.00
GMP0(0.00%)
Estimate List Price515
Date16-01-2026
Price515.00
GMP0(0.00%)
Estimate List Price515
Date15-01-2026
Price515.00
GMP0(0.00%)
Estimate List Price515
Date14-01-2026
Price515.00
GMP0(0.00%)
Estimate List Price515
Date13-01-2026
Price515.00
GMP0(0.00%)
Estimate List Price515
Date12-01-2026
Price515.00
GMP0(0.00%)
Estimate List Price515
Date11-01-2026
Price515.00
GMP0(0.00%)
Estimate List Price515
Date10-01-2026
Price515.00
GMP0(0.00%)
Estimate List Price515
Date09-01-2026
Price515.00
GMP0(0.00%)
Estimate List Price515
Date08-01-2026
Price515.00
GMP0(0.00%)
Estimate List Price515
Date07-01-2026
Price515.00
GMP0(0.00%)
Estimate List Price515
IPO Important Dates
| IPO Open | Mon, Jan 12, 2026 |
| IPO Close | Fri, Jan 16, 2026 |
| Allotment | Mon, Jan 19, 2026 |
| Refund | Tue, Jan 20, 2026 |
| Credit of Shares | Tue, Jan 20, 2026 |
| Listing | Wed, Jan 21, 2026 |
IPO Open
Mon, Jan 12, 2026
IPO Close
Fri, Jan 16, 2026
Allotment
Mon, Jan 19, 2026
Refund
Tue, Jan 20, 2026
Credit of Shares
Tue, Jan 20, 2026
Listing
Wed, Jan 21, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 480 | ₹2,47,200 |
| Individual investors (Retail) (Max) | 2 | 480 | ₹2,47,200 |
| HNI (Min) | 3 | 720 | ₹3,70,800 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares480
Amount₹2,47,200
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares480
Amount₹2,47,200
ApplicationHNI (Min)
Lots3
Shares720
Amount₹3,70,800
Key Performance Indicator
| ROE | 17.86% |
| ROCE | 13.31% |
| RoNW | 17.86% |
| PAT Margin | 11.74 |
| EBITDA Margin | 18.26 |
| Price to Book Value | 5.50 |
ROE
17.86%
ROCE
13.31%
RoNW
17.86%
PAT Margin
11.74
EBITDA Margin
18.26
Price to Book Value
5.50
Peers Comparison
| Company Name | EPS (Basic) | NAV (₹ per share) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|
| Narmadesh Brass Industries | 26.23 | 57.24 | 19.63 | 49.99 | Standalone |
| Poojawestern Metaliks | 1.53 | 13.38 | 18.67 | 11.46 | Standalone |
| Siyaram Recycling Industries | 6.69 | 58.24 | 8.10 | 11.49 | Standalone |
Company NameNarmadesh Brass Industries
EPS (Basic)26.23
NAV (₹ per share)57.24
P/E (x)19.63
RoNW (%)49.99
Financial statementsStandalone
Company NamePoojawestern Metaliks
EPS (Basic)1.53
NAV (₹ per share)13.38
P/E (x)18.67
RoNW (%)11.46
Financial statementsStandalone
Company NameSiyaram Recycling Industries
EPS (Basic)6.69
NAV (₹ per share)58.24
P/E (x)8.10
RoNW (%)11.49
Financial statementsStandalone
IPO Reservation
| Market Maker Shares Offered | 45,600 (5.23%) |
| NII (HNI) Shares Offered | 4,12,800 (47.38%) |
| Retail Shares Offered | 4,12,800 (47.38%) |
| Total Shares Offered | 8,71,200 (100.00%) |
Market Maker Shares Offered
45,600 (5.23%)
NII (HNI) Shares Offered
4,12,800 (47.38%)
Retail Shares Offered
4,12,800 (47.38%)
Total Shares Offered
8,71,200 (100.00%)
Information about company
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 specializes in producing a wide variety of brass products for both domestic and export markets. Their portfolio includes:
Their in-house processes ensure tight control over quality, from production to dispatch.
The company holds ISO 9001:2015 certification for its Quality Management System, reflecting strong adherence to international quality benchmarks.
This includes its capabilities in casting and forging operations, all executed within the same premises.
As of September 30, 2025 , the firm employed 81 contract labourers to support its manufacturing operations.
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/ prepayment, in full or in part, of certain outstanding borrowings 14.50 2 Purchase of machinery and equipment 3.29 3 Funding Working capital requirements 10.20 4 General Corporate Purpose 4.60
Disclaimer
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