Narmadesh Brass Industries IPO Subscription Status
Narmadesh Brass Industries IPO was subscribed 1.31 times when bidding closed on 16 Jan 2026: QIB 1.27x, NII 2.03x, Retail 0.44x.
The Narmadesh Brass Industries IPO has been subscribed 1.31x times overall. Retail investors have shown interest with bids for 0.44x the shares available. The Non-Institutional Investor (NII) category has been subscribed 2.03x. Qualified Institutional Buyers (QIBs) have subscribed 1.27x. Data last updated on 25 Aug, 12:56 PM.
The IPO subscription period has ended. The issue opened on 12 Jan, 2026 and closes on 16 Jan, 2026. The shares are expected to list on stock exchanges on 21 Jan, 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | 58,080 of 45,600 | 1.27x |
| NII | 8,37,120 of 4,12,800 | 2.03x |
| Retail | 1,82,880 of 4,12,800 | 0.44x |
| TOTAL | 10,78,080 | 1.31x |
Application-wise breakup (estimated)
Approximate application counts — the exchanges don't publish these during bidding. Estimated from shares bid using the typical application size seen in recent IPOs' Basis of Allotment data. Max Applications is the number of allotment slots: one lot per retail winner, and the minimum NII application (the smallest lot count above ₹2 lakh) per sHNI and bHNI winner. Final counts appear here once the Basis of Allotment is out.
| Category | Est. Applied | Times | |
|---|---|---|---|
| Retail max 860 | 190 | 0.22x | |
| TOTAL (EST.) | 190 |
Narmadesh Brass Industries IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Currently undersubscribed. Retail investors applying now have a high mathematical probability of receiving full allotment.
Day-wise subscription history
End-of-day subscription across the 5-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
16 Jan 2026
Day 5 |
1.25x | ▼ | |
|
QIB00.00x
NII1.92x
Retail0.44x
|
|||
|
15 Jan 2026
Day 4 |
1.25x | ▼ | |
|
QIB00.00x
NII1.92x
Retail0.44x
|
|||
|
14 Jan 2026
Day 3 |
1.13x | ▼ | |
|
QIB00.00x
NII1.90x
Retail0.22x
|
|||
|
13 Jan 2026
Day 2 |
1.07x | ▼ | |
|
QIB00.00x
NII1.84x
Retail0.16x
|
|||
|
12 Jan 2026
Day 1 |
1.07x | ▼ | |
|
QIB00.00x
NII1.93x
Retail0.07x
|
|||
Narmadesh Brass Industries SME IPO dates
From the bidding window to listing. Today is 30 October.
- Open 12 Jan 2026
- Close 16 Jan 2026
- Allotment 19 Jan 2026
- Refund/credit 20 Jan 2026
- Listing 21 Jan 2026
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Narmadesh Brass Industries IPO?
As of IPO close date (16 Jan, 2026), the Narmadesh Brass Industries IPO is subscribed 1.31x times. Retail category is 0.44x, and NII is 2.03x subscribed.
When is the allotment date for Narmadesh Brass Industries IPO?
The allotment for Narmadesh Brass Industries IPO is expected to be finalized on 19 January, 2026.
When will Narmadesh Brass Industries IPO list on the stock market?
Narmadesh Brass Industries is scheduled to list on BSE and NSE on 21 January, 2026.
What are the chances of getting allotment in Narmadesh Brass Industries IPO?
The retail category is currently undersubscribed at 0.44x, which means most applicants are likely to receive full allotment. This is a good window to apply if you haven't already.
What does QIB subscription of 1.27x mean for Narmadesh Brass Industries IPO?
Moderate — QIBs have subscribed 1.27x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.
How to check Narmadesh Brass Industries IPO allotment status?
After the allotment date (19 Jan, 2026), you can check your Narmadesh Brass Industries IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Narmadesh Brass Industries SME IPO further
Track every stage of this IPO, from subscription to listing.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
