The Narmadesh Brass Industries Limited IPO is one of the fresh SME public offerings hitting the primary markets in January 2026. This IPO gives investors a chance to subscribe to shares of a brass products manufacturer that supplies both domestic and international markets.
Narmadesh Brass IPO Overview
- Company Name: Narmadesh Brass Industries Limited
- IPO Opening Date: 12 January 2026
- IPO Closing Date: 15 January 2026
- Issue Type: Fixed Price Public Issue on BSE SME
- Sale Type :- Fresh capital & OFS
- Fresh Issue - Rs 34 crore
- OFS :- Rs 9 crore
- Price per Share: ₹515
- Face Value: ₹10 per equity share
- Issue Size: ₹45 Crore
- Lot Size: 240 shares (₹2,47,200 minimum)
- Listing Date: 20 January 2026 (expected)
- Exchange: BSE SME
- Allocation: Retail – 50%, NII (HNI) – 50%
Narmadesh Brass is based in Jamnagar, Gujarat, and operates an integrated manufacturing facility producing brass rods, billets, components, and fittings for industries such as plumbing, sanitary ware, hardware, and more.
Company Financials (Restated)
|
Period Ended |
30 Sep 2025 |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
63.10 |
59.66 |
46.68 |
22.00 |
|
|
34.21 |
88.05 |
79.06 |
60.09 |
|
|
4.01 |
5.72 |
7.10 |
0.89 |
|
|
6.24 |
9.34 |
11.41 |
2.13 |
|
|
22.46 |
11.45 |
5.73 |
8.30 |
|
|
23.30 |
12.69 |
6.97 |
||
|
19.21 |
24.73 |
22.43 |
5.94 |
|
|
Amount in ₹ Crore |
||||
IPO Reservation
Narmadesh Brass Industries IPO offers total 8,71,200 shares. Out of which 4,12,800 (47.38%) allocated to NII 4,12,800 (47.38%) allocated to RII
IPO Lot Size
Investors can bid for a minimum of 480 shares and in multiples of 240 shares thereof.
Objective 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 |
10.20 |
|
4 |
General Corporate Purpose |
4.60 |
Strengths of Narmadesh Brass IPO
- Integrated manufacturing setup
- Presence in both domestic and export markets
- Established brass product portfolio
- Experienced promoter group
- SME platform growth potential
Risks of Narmadesh Brass IPO
- SME company inherent market liquidity risk
- Dependence on cyclical brass and metal markets
- Price volatility post-listing
- Competitive industry dynamics
- Business concentrated in a single facility
How To Apply for the IPO ?
- Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of IPO?
Steps to check IPO allotment status on JM Pro app:
- Log in to the JM Pro app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
JM Financial Services will notify you of your IPO allotment status via push notification and email
Why Consider Investing in the Narmadesh Brass IPO?
The IPO gives investors an opportunity to participate early in a manufacturing company with niche product focus, potentially benefiting from growth in infrastructure, sanitary, and hardware segments. It also allows participation in the SME IPO ecosystem, which can offer attractive listing gains for long-term investors comfortable with SME liquidity scenarios.
That said, careful evaluation of company fundamentals, market conditions, and individual risk appetite is essential before applying.
Frequently Asked Questions (FAQs)
1. When does the Narmadesh Brass IPO open and close?
It opens on 12 January 2026 and closes on 15 January 2026.
2. What is the IPO price?
The fixed price for the IPO is ₹515 per share.
3. What is the minimum investment?
You must apply for a minimum of 240 shares, which costs about ₹2,47,200.
4. Where will Narmadesh Brass be listed?
The company’s shares are expected to list on BSE SME on 20 January 2026.
5. How is the IPO allocation divided?
50% of shares are reserved for retail investors and 50% for non-institutional (HNI) investors.
6. What is the issue size of the IPO?
The IPO aims to raise about ₹44.87 Crore.
7. How can I apply for the IPO?
You can apply online via your broker’s IPO section, or through ASBA via bank/UPI before the bidding deadline.
8. Is there a gray market premium (GMP) available pre-listing?
GMP may be reported by secondary sources closer to listing, but it fluctuates and is not guaranteed.
How JM Financial Services Supports IPO Investors
Institutions like JM Financial Services help investors evaluate IPOs by:
- Providing detailed IPO research and valuation insights
- Comparing peer group performance and industry trends
- Analyzing financials and growth prospects
- Advising on entry strategy and investment horizon
A well-informed approach enhances your ability to choose IPOs aligned with your long-term portfolio goals.
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