IPO Listed — 21 Jan 2026
Listing Price: ₹495
Narmadesh Brass Industries SME IPO GMP History | Listing Price ₹495 & Kostak Rate
Narmadesh Brass Industries SME IPO has been listed on January 21, 2026 at a listing price of ₹495, against the issue price of ₹515 — a loss of ₹20 (-3.88%). The GMP peaked at ₹0 on 21 January 2026 and reached a low of ₹0 on 21 January 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Narmadesh Brass Industries SME IPO raised ₹₹45 Cr. Cr. through its IPO at a price band of ₹₹515 per share, with a lot size of 480 shares. The IPO was open for subscription from 12 Jan 2026 to 16 Jan 2026.
Table of Contents
- Narmadesh Brass Industries SME IPO GMP Today
- Narmadesh Brass Industries SME IPO GMP Trend History
- Narmadesh Brass Industries SME IPO Dates
- Actual Listing Price
- Is Narmadesh Brass Industries SME IPO GMP Reliable?
- Kostak Rate Explained
- About Narmadesh Brass Industries SME IPO
- Frequently Asked Questions
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 21 Jan 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 20 Jan 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 19 Jan 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 16 Jan 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 15 Jan 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 14 Jan 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 13 Jan 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 12 Jan 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 10 Jan 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 |
Narmadesh Brass Industries SME IPO Dates
| Event | Date |
|---|---|
| Open Date | 12 Jan, 2026 |
| Close Date | 16 Jan, 2026 |
| Allotment Date | 19 Jan, 2026 |
| Refund Date | 20 Jan, 2026 |
| Credit to Demat | 20 Jan, 2026 |
| Listing Date | 21 Jan, 2026 |
Narmadesh Brass Industries SME IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹515 |
| Actual Listing Price | ₹495 (-3.88%) |
| Listing Gain / Loss | ₹-20 per share |
| Listing Date | 21 Jan, 2026 |
Is Narmadesh Brass Industries SME IPO GMP Reliable?
Grey market premium for Narmadesh Brass Industries SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Narmadesh Brass Industries SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Narmadesh Brass Industries SME IPO IPO Kostak Rate Explained
The Kostak rate for Narmadesh Brass Industries SME IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Narmadesh Brass Industries SME IPO
The company offers a wide range of products including brass fittings, electrical components, and precision-turned parts used in industries such as plumbing, electrical, and hardware. Its business model is largely order-driven, focusing on bulk manufacturing and long-term client relationships. Narmadesh Brass Industries emphasises quality control, timely delivery, and cost efficiency, which has helped it maintain a stable customer base in both domestic and international markets.
Frequently Asked Questions about Narmadesh Brass Industries SME IPO
What is the GMP of Narmadesh Brass Industries SME IPO?
The current Grey Market Premium (GMP) of Narmadesh Brass Industries SME IPO is not yet started or active in the market.
What is the Kostak Price of Narmadesh Brass Industries SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Narmadesh Brass Industries SME IPO is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.
What is the Subject to Sauda Price of Narmadesh Brass Industries SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.
What was the actual listing price of Narmadesh Brass Industries SME IPO?
Narmadesh Brass Industries SME IPO listed on January 21, 2026 at ₹495, against the issue price of ₹515 — a loss of -3.88%.
How did the GMP of Narmadesh Brass Industries SME IPO trend before listing?
The GMP of Narmadesh Brass Industries SME IPO was stable in its final days before listing. The GMP peaked at ₹0 on 21 January 2026. View the day-wise table above for the complete GMP history.
Explore Narmadesh Brass Industries SME IPO Further
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