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Narmadesh Brass Industries
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
bar_chart Subscription Status
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
Share GMP:
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
pie_chart Investor Allocation
Registrar
Lead Managers / Book Running
timeline IPO Timeline
Open
12 Jan 2026
Close
16 Jan 2026
Allotment
19 Jan 2026
Listing
21 Jan 2026