Narmadesh Brass Industries IPO
Narmadesh Brass Industries IPO Details
-
Open Date
12 Jan 2026
-
Close Date
16 Jan 2026
-
Listing Date
21 Jan 2026
- IPO Price Range
₹ 515
- IPO Size
₹ 45 Cr
- Listing Exchange
BSE SME
Narmadesh Brass Industries IPO Timeline
Narmadesh Brass Industries IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 12-Jan-2026 | - | 1.93 | 0.07 | 1.07 |
| 13-Jan-2026 | - | 1.84 | 0.16 | 1.07 |
| 14-Jan-2026 | - | 1.90 | 0.22 | 1.13 |
| 16-Jan-2026 | - | 1.92 | 0.44 | 1.25 |
Last Updated: 16 January 2026 6:29 PM by 5paisa
Narmadesh Brass Industries Limited is engaged in the manufacturing of a diversified range of brass products for domestic and international markets. The company operates a fully integrated, ISO 9001:2015 certified manufacturing facility in Jamnagar, Gujarat, with an installed capacity of 4,320 MTPA each for brass billets and rods and 1,600 MTPA for brass components. Its product portfolio includes brass billets, rods, valves, fittings, agricultural sprayer parts, and precision components, with complete in-house control from production to dispatch.
Established in: 2023
Managing Director: Hitesh Dudhagara
Peers:
Poojawestern Metaliks Limited
Siyaram Recycling Industries Limited
Narmadesh Brass Industries Objectives
1. Repayment or prepayment of certain outstanding borrowings ₹14.50 Cr
2. Purchase of machinery and equipment ₹3.29 Cr
3. Funding working capital requirements ₹10.20 Cr
4. General corporate purposes ₹4.60 Cr
Narmadesh Brass Industries IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹45 Cr |
| Offer For Sale | ₹9 Cr |
| Fresh Issue | ₹34 Cr |
Narmadesh Brass Industries IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 480 | 2,47,200 |
| HNI (Min) | 3 | 720 | 3,70,800 |
Narmadesh Brass Industries IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| Non-Institutional Buyers | 1.92 | 4,12,800 | 7,91,520 | 40.76 |
| Individual Investors (IND category bidding for 2 Lots) | 0.44 | 4,12,800 | 1,83,360 | 9.44 |
| Total** | 1.25 | 8,25,600 | 10,32,960 | 53.20 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 59.96 | 79.06 | 88.05 |
| EBITDA | 2.13 | 11.40 | 9.26 |
| PAT | 0.89 | 7.10 | 5.67 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 22.00 | 46.68 | 59.59 |
| Share Capital | 8.30 | 2.00 | 2.00 |
| Total Liabilities | 22.00 | 46.68 | 59.59 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | -2.84 | -7.90 | 1.12 |
| Net Cash Generated From / (used in) Investing Activities | -2.57 | -3.60 | -4.16 |
| Net Cash Generated From / (used in) Financing Activities | - 5.36 | 13.76 | 0.79 |
| Net Increase (Decrease) in Cash and Cash Equivalents | - 0.05 | 2.25 | -2.23 |
Strengths
1. Fully integrated manufacturing with end-to-end control
2. Flexible production and customizable product mix
3. Broad brass product portfolio across key segments
4. ISO 9001:2015 certified quality systems
Weaknesses
1. Exposure to price-sensitive industries
2. Intense competition in automotive and construction
3. Ongoing need for product and cost innovation
4. Dependence on efficiency to maintain competitiveness
Opportunities
1. Growing use of copper alloys in renewables and infrastructure
2. Rising demand for recyclable and sustainable materials
3. Green building and eco-friendly construction push
4. Higher need for precision components in automation
Threats
1. Environmental and energy compliance pressures
2. Stricter emission and regulatory norms
3. Competition from low-cost substitute materials
4. Input cost volatility impacting margins
1. Integrated manufacturing with strong cost control and quality-led processes
2. Scalable capacity across billets, rods, and components enabling multi-segment growth
3. Strategic location delivering logistics, sourcing, and margin advantages
4. Experienced promoter-led management with a clear execution and expansion focus
Narmadesh Brass Industries operates in a growing brass and copper alloy market driven by infrastructure, electrical, and industrial demand. Its Jamnagar-based manufacturing hub offers sourcing, logistics, and cost advantages, while integrated operations enable scalable production and flexible product offerings. The company is well positioned to benefit from rising domestic consumption and increasing export opportunities for durable, recyclable metal products.
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FAQs
Narmadesh Brass Industries IPO opens from January 12, 2026 to January 16, 2026.
The size of Narmadesh Brass Industries IPO is ₹45 cr.
The price band of Narmadesh Brass Industries IPO is fixed at ₹515.
To apply for Narmadesh Brass Industries IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Narmadesh Brass Industries. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Narmadesh Brass Industries IPO is of 480 shares and the investment required is ₹2,47,200.
The share allotment date of Narmadesh Brass Industries IPO is January 19, 2026
The Narmadesh Brass Industries IPO will likely be listed on January 21, 2026.
Aryaman Financial Services Limited is the book running lead manager for Narmadesh Brass Industries IPO.
1. Reduce outstanding borrowings ₹14.50 Cr
2. Invest in new machinery and equipment ₹3.29 Cr
3. Support working capital needs ₹10.20 Cr
4. Meet general corporate requirements ₹4.60 Cr