Narmadesh Brass Industries Ltd. is a contemporary brass manufacturer located in Jamnagar, Gujarat, the country’s recognized “Brass City.” Operating from a 6,293 m² facility in the Shree Ganesh Industrial Hub, the company produces a diverse range of brass products such as billets, rods, valves, plumbing fittings, and machined components for domestic and export markets. With in-house casting, forging, and machining capabilities, an ISO 9001:2015 certified quality system, and 81 contract workers as of September 30, 2025, it ensures quality control from production to dispatch.
The company’s Fixed Price IPO opens on January 12, 2026, and closes on January 16, 2026, aiming to raise approximately ₹45 crores through a fresh issue of ₹36 crores and an offer for sale of up to 1,70,400 equity shares (face value ₹10). Priced at ₹515 per share, the allocation is set at 50% for retail investors and 50% for HNIs, with no QIB quota.
The allotment will be finalized on January 19, 2026, and listing on the BSE SME is scheduled for January 21, 2026. Financially, revenue increased to ₹88.05 crores in 2025 from ₹79.06 crores in 2024, while profit was ₹5.72 crores in 2025 compared to ₹7.10 crores in 2024.
Narmadesh Brass IPO Details
| IPO Date | January 12, 2026 to January 16, 2026 |
| Listing Date | Wed, Jan 21, 2026 |
| Face Value | ₹10 per share |
| Issue Price | ₹515 per share |
| Lot Size | 240 Shares |
| Issue Size | Approx ₹45 Crores |
| Fresh Issue | Approx ₹36 Crores |
| Offer for Sale | Approx 1,70,400 Equity Shares |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 24,00,000 shares |
| Share Holding Post Issue | 31,00,800 shares |
Narmadesh Brass IPO Dates
Narmadesh Brass IPO will run from January 12 to January 16. Allotment is scheduled for January 19, and the stock will list on January 21.
| IPO Open Date | Mon, Jan 12, 2026 |
| IPO Close Date | Fri, Jan 16, 2026 |
| Tentative Allotment | Mon, Jan 19, 2026 |
| Refunds | Tue, Jan 20, 2026 |
| Credit of Shares to Demat | Tue, Jan 20, 2026 |
| Tentative Listing Date | Wed, Jan 21, 2026 |
Narmadesh Brass IPO Market Lot
The minimum market lot is 480 shares, amounting to a total application value of ₹2,47,200.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 480 | ₹2,47,200 |
| Retail Maximum | 2 | 480 | ₹2,47,200 |
| S-HNI Minimum | 3 | 720 | ₹3,70,800 |
