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Narmadesh Brass Industries

Listed SME BSE SME · Other Industrial Products

Price Band

Issue Size

₹44.87 Cr

Lot Size

240 shares

Min Investment

₹247,200

GMP

+₹0.0 (0.0%)

Issue Price

₹515.0

calendar_month Important Dates

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IPO Open Date
Mon, 12 Jan 2026
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IPO Close Date
Fri, 16 Jan 2026
assignment
Allotment Date
Mon, 19 Jan 2026
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Refund Initiation
Tue, 20 Jan 2026
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Credit of Shares
Tue, 20 Jan 2026
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Listing Date
Wed, 21 Jan 2026
Listing Price
₹515.0 +0.0%

bar_chart Subscription Status

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Subscription data unavailable

trending_up Grey Market Premium (GMP)

GMP

₹0.0

GMP %

0.0%

Est. Listing

₹515.0

schedule Updated: 14 Jul 2026 15:53

business About the Company

Narmadesh Brass Industries Ltd. is a modern brass manufacturing company based in Jamnagar, Gujarat. The company’s manufacturing facility spans 6,293 m², situated at Plot Nos. 5, 8 & 9 in the Shree Ganesh Industrial Hub, Jamnagar – a city renowned as India’s “Brass City” due to its dense concentration of brass producers. Narmadesh specializes in producing a wide variety of brass products for both domestic and export markets. Their portfolio includes: Brass Billets Brass Rods Brass Valves (including ball valves and NRVs) Plumbing and Sanitary Fittings (including lead-free options) Agricultural Sprayer Parts and Garden Fittings Customization via Casting, Forging, Turning, CNC & VMC Machined Components. Their in-house processes ensure tight control over quality, from production to dispatch. The company holds ISO 9001:2015 certification for its Quality Management System, reflecting strong adherence to international quality benchmarks. This includes its capabilities in casting and forging operations, all executed within the same premises. As of September 30, 2025, the firm employed 81 contract labourers to support its manufacturing operations. Competitive Strengths A well-equipped, ISO-certified manufacturing facility located in the brass-rich hub of Jamnagar (often referred to as “Brass City”) ensures efficiency and supply chain advantages. Full process control—from raw brass billet casting to finished product dispatch—allows better quality assurance and responsiveness to client needs. Experienced promoters and management team, including leadership by Hitesh Pragajibhai Dudhagara and others who bring continuity from the prior partnership structure.

payments Company Financials (₹ Cr)

As of 2025-09-30

Period Ended 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

Key Ratios

EPS

₹26.23

NAV

₹57.24

ROE

49.99%

ROCE

23.29%

RoNW

49.99%

P/E Ratio

19.63

Market Cap

₹159.69 Cr

PAT Margin

6.52%

Promoters

Sprayking Ltd., Hitesh Dudhagara and Ronak Dudhagara

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # 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 of the Company 10.20 4 General Corporate Purposes 4.60 5 Issue expenses 4.31 Total 36.90

info Issue Details

Issue Type SME Book Built
Issue Size ₹44.87 Cr
Price Band ₹ (Fixed)
Issue Price ₹515.0
Lot Size 240 shares
Min Investment ₹247,200
Exchange BSE SME
Sector Other Industrial Products
Open Date 12 Jan 2026
Close Date 16 Jan 2026
Allotment 19 Jan 2026
Listing Date 21 Jan 2026

pie_chart Investor Allocation

QIB (Institutional) 50%
NII / HNI 15%
Retail (RII) 35%

Registrar

domain Kfin Technologies Ltd.

Lead Managers / Book Running

account_balance Aryaman Financial Services Ltd.

timeline IPO Timeline

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Open

12 Jan 2026

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Close

16 Jan 2026

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Allotment

19 Jan 2026

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Listing

21 Jan 2026

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