IPO Trending
NARMADESHSME / BSEListed
Narmadesh Brass Industries

Narmadesh Brass Industries Ltd is a modern brass manufacturing company based in Jamnagar, Gujarat, operating from a 6,293 square metre facility located in the Shree Ganesh Industrial Hub, an area well known for brass production. The company makes a wide range of brass products for both Indian and international markets, including brass billets and rods, ball valves and NRVs, plumbing and sanitary fittings with lead-free options, and agricultural sprayer and garden fittings. All major processes such as casting, forging, turning, CNC and VMC machining are carried out in-house, which helps the company maintain consistent quality from production to final dispatch. The company is certified under ISO 9001:2015 for its quality management system and, as of September 30, 2025, its manufacturing operations were supported by 81 contract workers.

₹515 - ₹5151.22x sub
Listed Price₹495.00
Listing Gain-3.88%

IPO Schedule & Timeline

Fixed Price IPO
Open12 Jan 2026
Close16 Jan 2026
Allotment19 Jan 2026
Listing21 Jan 2026

Quota Reservation & Application Lots

Quota Reservation (% Shares)

HNI4,12,800 shares
47.38%
Retail4,12,800 shares
47.38%
Market Maker45,600 shares
5.23%

Minimum Application Lots

Retail2 Lots (480 shares)
₹2,47,200
sHNI3 Lots (720 shares)
₹3,70,800

Company Promoters

M/s. Sprayking LimitedMr. Hitesh DudhagaraMrs. Ronak Dudhagara

Company Background

Narmadesh Brass Industries Ltd is a modern brass manufacturing company based in Jamnagar, Gujarat, operating from a 6,293 square metre facility located in the Shree Ganesh Industrial Hub, an area well known for brass production. The company makes a wide range of brass products for both Indian and international markets, including brass billets and rods, ball ...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-25)₹34.21 Cr
Growth-43.1%
Revenue Trend (₹ in Crores)
0.033.867.5101.3Mar-23Mar-24Mar-25Sep-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-2534.214.0163.1019.21
Mar-2588.055.7259.6624.73
Mar-2479.067.1046.6822.43
Mar-2360.090.8922.005.94

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Sep-2517.7717.86%13.31%019.90
Mar-2526.2349.99%23.29%19.630
Mar-2432.52123.94%37.05%00
Mar-234.1010.77%11.20%00

Peer Comparison & Valuation

Financial Performance

Siyaram Recycling Industries

NAV/Share (₹)58.24
RONW(%)11.49
EPS (Basic) (₹)6.69

Poojawestern Metaliks

NAV/Share (₹)13.38
RONW(%)11.46
EPS (Basic) (₹)1.53

Narmadesh Brass Industries

NAV/Share (₹)57.24
RONW(%)49.99
EPS (Basic) (₹)26.23

Valuation

Siyaram Recycling Industries

P/E(X)8.10
CMP* (₹)54.16
Face value (₹)10.00

Poojawestern Metaliks

P/E(X)18.87
CMP* (₹)28.56
Face value (₹)10.00

Narmadesh Brass Industries

P/E(X)19.63
CMP* (₹)515.00
Face value (₹)10.00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
19 Jan 2026
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
21 Jan 2026

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

Direct allotment verification on the official registrar portal appointed for Narmadesh Brass Industries. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization19 Jan 2026Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date21 Jan 2026Trading commences on exchange

How to Check Narmadesh Brass Industries Allotment Online

1Open Portal

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2Select Company

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3Enter Details

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4View Allocation

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Prospectus & Official Filings

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About Narmadesh Brass Industries IPO

Complete issue overview for Narmadesh Brass Industries (NARMADESH) IPO. The issue features an equity share price band of ₹515 per share with a minimum retail lot size of 240 Shares (minimum application amount of ₹1,23,600). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions