Narmadesh Brass Industries IPO | Brass & Precision Components Manufacturer India
Latest Grey Market Premium & IPO Details
Narmadesh Brass Industries IPO 2026 – Key Info & Highlights
Narmadesh Brass Industries Ltd. manufactures brass rods, billets, valves, and precision components for industrial, plumbing, and electrical sectors. Its SME IPO is open from 12–15 January 2026 at a fixed price of ₹515 per share, listed on BSE SME with 50% for retail and 50% for NII/HNI investors. Investors can track subscription, allotment, and listing updates during the IPO.
📌 IPO Details
| Company Name | Narmadesh Brass Industries IPO |
|---|---|
| Sector / Industry | Metals / Non-Ferrous Metals |
| IPO Open Date | 12-01-2026 |
| IPO Close Date | 16-01-2026 |
| Allotment Date | 19-01-2026 |
| Refund Date | 20-01-2026 |
| Share Credit Date | 20-01-2026 |
| Listing Date | 21-01-2026 |
| Price Band | ₹515 |
| Lot Size | 240 Shares |
| Min Investment | ₹2,47,200 ( 2 lot Price ) |
| Net Issue Size | ₹44.87 Cr |
| Fresh Issue | ₹33.74 Cr |
| OFS | ₹8.78 Cr |
| IPO Listing At | BSE SME |
| DRHP | View DRHP |
| Issue Type | Fixed Price Issue |
| Face Value | ₹10 Per Equity Share |
| Promoter Holding Pre IPO | 99.92 % |
| Promoter Holding Post IPO | 71.84% |
* All Dates are provisional
Quota Allocation
| Category | Allocation (%) |
|---|---|
| Retail Investors | 50% |
| QIB (Qualified Institutional Buyers) | - |
| HNI (High Net Worth Individuals) | 50% |
📈 Grey Market Premium (GMP) Day-wise Trend
| GMP Date | GMP Price | Trend | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 21-01-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 21-01-2026 08:58 |
| 20-01-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 20-01-2026 23:42 |
| 19-01-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 19-01-2026 23:42 |
📝 About Narmadesh Brass Industries
Narmadesh Brass Industries Ltd. is a leading brass manufacturing company based in Jamnagar, Gujarat, famously known as India’s “Brass City.” Operating from a modern 6,293-square-meter facility at Shree Ganesh Industrial Hub, the company specializes in producing high-quality brass products for both domestic and international markets.Its product portfolio spans brass billets and rods, precision-engineered valves, lead-free plumbing and sanitary solutions, and components for agricultural and garden applications.
The company is equipped with in-house capabilities for casting, forging, turning, CNC, and VMC machining, allowing it to maintain complete control over the manufacturing process and deliver customized solutions to clients. This integrated approach ensures consistent quality from production to final dispatch, strengthening its reputation for reliability and precision.
Narmadesh Brass Industries is ISO 9001:2015 certified, reflecting its strong commitment to quality management and operational excellence. Its strategic location in Jamnagar, along with advanced production facilities and a skilled workforce, enables the company to cater efficiently to growing demand across electrical, plumbing, industrial, and agricultural sectors.
With a focus on expanding production capacity and serving evolving industrial needs, Narmadesh Brass Industries leverages technology, operational efficiency, and product innovation to sustain growth. The company’s SME IPO aims to further strengthen its manufacturing capabilities, reduce financial leverage, and support working capital requirements, positioning it to capitalize on opportunities in India’s expanding brass and precision components market.
Narmadesh Brass Industries Revised Financials
Profit / Loss & Total Assets (Last 3 Years)
| Financial Year | Revenue (₹ Cr) | Profit / Loss (₹ Cr) | Total Assets (₹ Cr) |
|---|---|---|---|
| FY 2023 | 59.96 | +0.89 | 41.72 |
| FY 2024 | 78.88 | +7.10 | 59.84 |
| FY 2025 | 87.72 | +5.67 | 66.90 |
Note: Positive figures indicate profit, while negative figures indicate loss. Financial data is as per company disclosures and reported in ₹ Cr.
Narmadesh Brass Industries – Objects of Issue
- Business Expansion – Setting up new manufacturing units and upgrading existing facilities to increase production capacity for brass rods and precision components.
- Debt Repayment – Repaying existing borrowings to reduce interest costs and improve the company’s financial stability.
- Working Capital Requirements – Funding day-to-day operations, including procurement of raw materials, labor, and operational expenses to support growing business demand.
- Purchase of Machinery & Equipment – Acquiring advanced machinery and technology to enhance production efficiency and product quality.
- General Corporate Purposes – Financing other corporate requirements, including operational expansion, marketing, and strengthening infrastructure.
Narmadesh Brass Industries – Key Strengths
- Specialized Manufacturing Expertise – Experienced team in brass rods, billets, and precision components production ensures high-quality and consistent output.
- Advanced Production Facilities – Modern machinery and technology across manufacturing units improve efficiency and product reliability.
- Diversified Client Base – Supplies electrical, plumbing, automotive, and industrial sectors, reducing dependency on a single market.
- Strong Financial Track Record – Demonstrated revenue growth and profitable operations with efficient cost management.
- Strategic Location & Scalability – Manufacturing units in Gujarat support supply chain efficiency and enable future expansion.
Narmadesh Brass Industries – Key Risks
- Market Volatility – Fluctuations in demand for brass products and industrial metals can impact revenues and profitability.
- Regulatory & Compliance Risk – Changes in environmental regulations, export-import policies, or labor laws may affect manufacturing operations.
- Financial Risk – Dependence on working capital loans and operational financing may create cash flow pressure if market conditions weaken.
- Operational & Supply Chain Risk – Disruptions in raw material supply, machinery breakdowns, or logistics delays can affect production and delivery schedules.
- Competitive Risk – Competition from domestic and international brass manufacturers may affect market share, pricing, and margins.
Narmadesh Brass Industries Limited
Brass Rods & Precision Brass Components Manufacturer | SME IPO
| Founded in: | 2019 |
|---|---|
| MD / CEO: | Mr. Hitesh Dudhagara |
| Address: | Manufacturing Unit: Jamnagar, Gujarat India |
| Website: | www.narmadeshbrass.com |
| Phone: | +91 028 95299401 |
| Email: | info@narmadeshbrass.com |
| Services: | Manufacturing of brass rods, billets, valves, and precision brass components for electrical, plumbing, automotive, and industrial applications. |
IPO Quick Info
12 Jan 2026
16 Jan 2026
Upcoming
Frequently Asked Questions
Narmadesh Brass Industries manufactures brass rods, billets, valves, plumbing fittings, and precision components for industrial, plumbing, and electrical applications. The company serves domestic and international markets with ISO 9001:2015 certified quality standards.