Narmadesh Brass Industries SME IPO
Narmadesh Brass Industries IPO — date, price band, GMP & allotment 2026
Narmadesh Brass Industries specializes in manufacturing brass components for plumbing, hardware, and industrial applications. Through this IPO, the company intends to scale production, modernize manufacturing units, and expand into new markets. With strong demand for quality brass products, Narmadesh Brass Industries is looking to capitalize on its reputation for reliability and durability, offering investors a chance to be part of its growth journey.
Stock price
Narmadesh Brass Industries is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 September.
- Open 12 Jan 2026
- Close 16 Jan 2026
- Allotment 19 Jan 2026
- Refund/credit 20 Jan 2026
- Listing 21 Jan 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 12 to 16 Jan, 2026 |
|---|---|
| Price Band | ₹515 |
| Face Value | ₹₹10 |
| Lot Size | 480 Shares |
| Issue Size | ₹₹45 Cr. Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE SME |
| Employee Discount | NA |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 4,94,400 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 480 shares at the ₹515 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 960 | ₹4,94,400 |
| Retail (max) | 2 | 960 | ₹4,94,400 |
| HNI (min) | 3 | 1,440 | ₹7,41,600 |
Three years of numbers
All figures in ₹ crore, as reported in the Narmadesh Brass Industries offer document.
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| 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 |
| Reserves and Surplus | 23.30 | 12.69 | 6.97 | |
| Total Borrowing | 19.21 | 24.73 | 22.43 | 5.94 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Narmadesh Brass Industries RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Narmadesh Brass Industries IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹25.87 |
| P/E Ratio (x) | 19.90 |
| Market Cap at Offer Price (₹ Cr) | ₹79.83 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹515 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹32.59 Cr of the issue is earmarked to named objects.
About the company
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.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 028 95299401
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Aryaman Financial Services Limited
2 issues handled (1 mainboard, 1 SME)2 of their issues have listed so far, and 2 opened above the issue price (average +6.7%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Narmadesh Brass Industries?
The current Grey Market Premium is ₹0.
What is the Narmadesh Brass Industries IPO price band?
₹515, on a face value of ₹₹10.
When is the allotment?
The basis of allotment is 19 January 2026, with listing on 21 January 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
