Narmadesh Brass Industries IPO Details, GMP & Share Price Outlook
15 January 2026 ·
Complete IPO Analysis, GMP Trends & Investment Outlook for SME Investors
Introduction to Narmadesh Brass Industries IPO
The Narmadesh Brass Industries IPO is attracting strong attention from SME IPO investors due to its niche manufacturing focus, Jamnagar-based operations, and consistent financial growth. The company operates in India’s highly specialised brass components segment, serving both domestic and export markets.
As a fixed price SME IPO, Narmadesh Brass Industries Limited aims to raise capital to strengthen its balance sheet while offering partial exits to existing shareholders. Investors tracking Narmadesh Brass Industries IPO GMP today are closely watching listing expectations on the BSE SME platform.
Narmadesh Brass Industries IPO Key Details
| Parameter | Details |
|---|---|
| Issue Size | ₹44.87 Crores |
| Issue Type | Fixed Price IPO |
| Issue Price | ₹515 per share |
| Face Value | ₹10 per share |
| Listing Platform | BSE SME |
IPO Dates & Important Timelines
| Event | Date |
|---|---|
| IPO Open Date | 12 January 2026 |
| IPO Close Date | 16 January 2026 |
| Allotment Finalisation | 19 January 2026 |
| Refund Initiation | 20 January 2026 |
| Credit of Shares | 20 January 2026 |
| Listing Date | 21 January 2026 |
Narmadesh Brass Industries IPO Issue Structure
| Component | Shares | Amount (₹ Crore) |
|---|---|---|
| Fresh Issue | 6,55,200 | 36.09 |
| Offer for Sale | 1,70,400 | 8.78 |
| Total Issue | 8,71,200 | 44.87 |
IPO Reservation & Allocation Breakdown
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Retail Individual Investors (RII) | 4,12,800 | 47.38% |
| Non-Institutional Investors (NII/HNI) | 4,12,800 | 47.38% |
| Market Maker | 45,600 | 5.23% |
IPO Lot Size & Investment Amount
| Application Type | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Minimum) | 2 | 480 | 2,47,200 |
| Retail (Maximum) | 2 | 480 | 2,47,200 |
| HNI (Minimum) | 3 | 720 | 3,70,800 |
About Narmadesh Brass Industries Limited
Narmadesh Brass Industries Ltd. is a Jamnagar-based brass manufacturing company operating from a 6,293 sq. meter facility in the Shree Ganesh Industrial Hub. Jamnagar is widely recognised as India’s “Brass City”, giving the company access to skilled labour, suppliers, and export infrastructure.
The company operates as a fully integrated manufacturer, handling casting, forging, machining, and finishing under one roof.
Product Portfolio & Manufacturing Capabilities
Narmadesh Brass Industries produces a diversified range of brass components, including:
Brass billets and rods
Brass ball valves and NRVs
Plumbing and sanitary fittings (lead-free variants included)
Agricultural sprayer and garden fittings
CNC, VMC, turned, forged, and cast components
This diversity helps reduce dependency on any single customer segment.
Competitive Strengths of the Company
ISO 9001:2015 certified facility ensuring quality consistency
Strategic location in Jamnagar’s brass ecosystem
End-to-end manufacturing control
Experienced promoters with industry continuity
Ability to handle customised, export-grade orders
Financial Performance Overview
| Metric | 30 Sep 2025 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Total 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 |
Understanding Narmadesh Brass Industries IPO GMP
The Narmadesh Brass Industries IPO GMP today reflects investor sentiment in the SME grey market. GMP trends typically factor in:
Demand for manufacturing SMEs
Profit growth consistency
Market conditions near listing
While GMP offers directional insight, it is not an official indicator and should be used cautiously.
Risks & Challenges to Consider
Dependence on brass commodity pricing
SME platform liquidity constraints
Customer concentration risk
Cyclical demand from construction and plumbing sectors
Should You Invest in Narmadesh Brass Industries IPO?
The IPO may appeal to investors seeking:
Exposure to niche manufacturing SMEs
Consistent profitability track record
Strong asset growth and net worth expansion
However, investors should align their decision with risk tolerance and listing horizon.
FAQs on Narmadesh Brass Industries IPO
Q1. What is the IPO price of Narmadesh Brass Industries?
₹515 per share.
Q2. What is the lot size for retail investors?
480 shares (₹2,47,200).
Q3. Where will the IPO list?
BSE SME platform.
Q4. Is this a fixed price IPO?
Yes, it is a fixed price issue.