Narmadesh Brass Industries IPO Shows Moderate Response, Subscribed 1.25x on Day 4

Narmadesh Brass Industries Limited's initial public offering (IPO) has demonstrated moderate investor interest through its fourth day of subscription. The fixed issue price is set at ₹515 per share.

Narmadesh Brass Industries IPO subscription reached moderate 1.25 times on day four. It was led by Non-Institutional Investors (1.92x) and Individual Investors (0.44x). Total applications reached 657.

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Subscription Status of Narmadesh Brass Industries IPO:

Here are the subscription details for Narmadesh Brass Industries IPO as of Day 4 (January 16, 2026, 5:00:02 PM):

Key Highlights - Day 4:

• Overall subscription reached moderate 1.25 times, showing modest improvement from day three's 1.13 times
• Non-institutional investors displaying moderate performance at 1.92 times, marginally improving from day three's 1.90 times, indicating moderate HNI appetite for this brass products manufacturer
• Individual investors showing weak confidence at 0.44 times, building substantially from day three's 0.22 times, but still indicating weak retail demand for this fixed price SME IPO
• Cumulative bid amount reached ₹53.17 crores, modestly exceeding the net offer size of ₹42.52 crores (excluding market maker portion) by approximately 1.25 times
   

Narmadesh Brass Industries IPO - Day 3 Subscription at 1.13 Times

Key Highlights - Day 3:

• Overall subscription reached moderate 1.13 times, showing modest improvement from day two's 1.07 times
• Non-institutional investors displaying moderate performance at 1.90 times, marginally improving from day two's 1.84 times
• Individual investors showing weak confidence at 0.22 times, marginally improving from day two's 0.16 times

Narmadesh Brass Industries IPO - Day 2 Subscription at 1.07 Times

Key Highlights - Day 2:

• Overall subscription reached moderate 1.07 times, unchanged from day one's 1.07 times
• Non-institutional investors displaying moderate performance at 1.84 times, marginally declining from day one's 1.93 times
• Individual investors showing weak confidence at 0.16 times, building substantially from day one's 0.07 times

Narmadesh Brass Industries IPO - Day 1 Subscription at 1.07 Times
 

Key Highlights - Day 1:

• Overall subscription reached moderate 1.07 times, showing cautious initial investor interest
• Non-institutional investors displaying moderate performance at 1.93 times, indicating moderate HNI interest
• Individual investors showing negligible confidence at 0.07 times, indicating very weak retail appetite

About Narmadesh Brass Industries Limited

Narmadesh Brass Industries Limited is a modern brass manufacturing company based in Jamnagar, Gujarat. The company's manufacturing facility spans 6,293 square metres, situated at Plot Nos. 5, 8 and 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 specialises in producing a wide variety of brass products for both domestic and export markets. Their portfolio includes brass billets, brass rods, brass valves (including ball valves and NRVs), plumbing and sanitary fittings (including lead-free options), agricultural sprayer parts and garden fittings, and customisation via casting, forging, turning, CNC and VMC machined components.