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Open
12 Jan 2026
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Close
16 Jan 2026
3
Allotment
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Listing
Wed, Jan 21, 2026
Price Band
₹515 per share
Issue Size
8,71,200 shares (agg. up to ₹45 Cr)
Lot Size
240 Shares
Listing Date
Wed, Jan 21, 2026
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
21-01-2026₹0Est. ₹515+0%
20-01-2026₹0Est. ₹515+0%
19-01-2026₹0Est. ₹515+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.25x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 63.10 | 59.66 | 46.68 | 22.00 |
| Total Income | 34.21 | 88.05 | 79.06 | 60.09 |
| Profit After Tax | 4.01 | 5.72 | 7.10 | 0.89 |
| EBITDA | 6.24 | 9.34 | 11.41 | 2.13 |
| NET Worth | 22.46 | 11.45 | 5.73 | 8.30 |
| Reserves and Surplus | 23.30 | 12.69 | 6.97 | |
| Total Borrowing | 19.21 | 24.73 | 22.43 | 5.94 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Abril Paper Tech Ltd. | SME | ₹13.42 Cr | ₹61 | 24.96 | ₹49.38 | -19.05% | ₹36.73 (-0.19%) |
| Classic Electrodes (India) Ltd. | SME | ₹41.51 Cr | ₹87 | 9.33 | ₹95.00 | +9.20% | ₹59.65 (-2.29%) |
| ARC Insulation & Insulators Ltd. | SME | ₹41.19 Cr | ₹125 | 10.58 | ₹137.75 | +10.20% | ₹39.30 (-3.08%) |
| Tankup Engineers Ltd. | SME | ₹19.53 Cr | ₹140 | 21.26 | ₹183.75 | +31.25% | ₹1,137.00 (+1.52%) |
Objects of the Issue
| # | 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 of the Company | 10.20 |
| 4 | General Corporate Purposes | 4.60 |
| 5 | Issue expenses | 4.31 |
| Total | 36.90 |
About Narmadesh Brass Industries IPO
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: 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 Customization via Casting, Forging, Turning, CNC & VMC Machined Components. 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. Competitive Strengths A well-equipped, ISO-c
Contact Details
Narmadesh Brass Industries Ltd. AddressPlot No.5, 8 & 9Survey No.433, Shree Ganesh Industrial HubChanga VillageJamnagar, Gujarat, 361012+91 028 95299401info@narmadeshbrass.comVisit Website