The Narmadesh Brass Industries Limited IPO is an SME public issue that provides investors an opportunity to invest in a company engaged in the manufacturing of brass products. The company operates from Jamnagar, Gujarat, which is widely recognised as one of India’s major hubs for brass manufacturing. Below is a detailed overview of the IPO covering all important aspects for investors
📅 IPO Important Dates
| Event | Date |
|---|---|
| IPO Opening Date | 12 January 2026 |
| IPO Closing Date | 15 January 2026 |
| Basis of Allotment | 16 January 2026 |
| Initiation of Refunds | 19 January 2026 |
| Credit of Shares to Demat | 19 January 2026 |
| Listing Date | 20 January 2026 |
The equity shares are proposed to be listed on the SME platform of the stock exchange.
💰 Issue Size & Price Band
| Particulars | Details |
|---|---|
| Issue Type | Fixed Price Issue |
| Issue Price | ₹515 per equity share |
| Face Value | ₹10 per share |
| Total Issue Size | ₹44.87 crore |
| Fresh Issue | 7,00,800 equity shares (₹36.09 crore) |
| Offer for Sale | 1,70,400 equity shares (₹8.78 crore) |
The IPO consists of a fresh issue and an offer for sale by existing shareholders.
📊 Market Lot Size & Investment Requirement
| Category | Lot Size | Minimum Investment |
|---|---|---|
| Retail Investor | 240 shares | ₹1,23,600 |
| Retail (Minimum Application) | 480 shares | ₹2,47,200 |
| HNI / NII | 720 shares | ₹3,70,800 |
Retail investors are required to apply for a minimum of two lots.
🏭 About the Company
Narmadesh Brass Industries Limited was incorporated after the conversion of a partnership firm into a public limited company. The company is engaged in the manufacturing and supply of brass billets, rods and precision brass components.
Its manufacturing facility is located in Jamnagar, Gujarat, and is equipped with modern machinery. The company follows quality management practices and operates under ISO 9001:2015 certification.
🔧 Key Products & Solutions
The company offers a diversified range of brass products, including:
- Brass billets and brass rods
- Brass fittings and connectors
- Valves and plumbing components
- Agricultural brass parts
- Electrical and hardware components
- Customised precision brass products
These products are used across plumbing, electrical, agriculture, automotive and industrial applications.
📈 Financial Performance Snapshot
| Financial Year | Revenue (₹ crore) | Profit After Tax (₹ crore) |
|---|---|---|
| 2022–23 | 60.09 | 0.93 |
| 2023–24 | 78.88 | 7.10 |
| 2024–25 | 87.72 | 5.67 |
| 2025–26 | 34.18 | 4.01 |
The company has reported consistent revenue growth, while profitability has improved with the scale of operations.
🎯 IPO Objectives
The company proposes to utilise the net proceeds from the IPO towards:
- Repayment or prepayment of certain borrowings
- Purchase of plant and machinery
- Funding working capital requirements
- General corporate purposes
These measures are intended to support business expansion and improve operational efficiency.
📝 Allotment & Listing Process
- The basis of allotment will be finalised after the IPO closes
- Refunds will be initiated for unsuccessful applicants
- Shares will be credited to investors’ demat accounts
- Equity shares will be listed on the SME Exchange
Allotment status can be checked through the registrar’s website.
⭐ IPO Review – Strengths & Considerations
Strengths
- Manufacturing facility located in the Jamnagar brass cluster
- ISO-certified operations ensuring quality standards
- Wide range of brass products serving multiple industries
- Presence in both domestic and export markets
- Clearly defined utilisation of IPO proceeds
Considerations
- Profit margins may be affected by fluctuations in raw material prices
- Business operations are concentrated at a single location
- The working capital-intensive nature of the business
- SME IPOs generally have lower liquidity post-listing
⚠️ Weaknesses
- Volatility in copper and zinc prices can impact profitability
- High minimum investment amount for retail investors
- SME stocks may witness price fluctuations after listing
- Dependence on industrial demand cycles
DISCLAIMER
The information shared here is intended solely for educational and general awareness purposes. Any securities, investments, or IPO-related details mentioned should not be interpreted as financial advice or investment recommendations. Readers are encouraged to conduct their own independent research or seek guidance from a qualified financial professional before making investment decisions.
IPO-related updates are provided for informational use only. Market trends, past performance, or investor interest do not ensure future outcomes. We are not registered with SEBI. Investments in IPOs and the securities market involve inherent risks, and individuals should carefully evaluate their financial situation or consult a certified financial advisor before investing.
