GMP IPO Watch
Narmadesh Brass Industries IPO: Investing in India’s “Brass City” Hub?
Narmadesh Brass Industries, a Jamnagar-based manufacturer of brass billets, rods, and comp...
Read Article
N
SME IPO
LISTED
NSE, BSE
NARMADESHBRASS
Narmadesh Brass Industries IPO
Narmadesh Brass Industries IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹-20
-3.9%
Est. Listing: ₹495.00
Price Band
₹515
Per equity share
Lot Size
240 Shares
Min Invest: ₹2,47,200
Issue Size
₹515 Cr
Total Public Offering
Issue Dates
11 January 2026 – 15 January 2026
Bidding period
Subscription
—
Total overall demand
Narmadesh Brass Industries IPO Details
Key facts at a glance| IPO Open Date | 11 January 2026 | IPO Close Date | 15 January 2026 |
|---|---|---|---|
| Basis of Allotment | 18 January 2026 | Listing Date | 20 January 2026 |
| Price Band | ₹515 per share | Face Value | ₹10 per share |
| Market Lot Size | 240 Shares | Min Investment (Retail) | ₹2,47,200 |
| Total Issue Size | ₹515 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | NSE, BSE | Issue Category | SME Issue |
| Registrar | TBA | ||
Narmadesh Brass Industries IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 11 January 2026 | Confirmed |
| IPO Close Date | 15 January 2026 | Confirmed |
| Basis of Allotment | 18 January 2026 | Tentative |
| Initiation of Refunds | TBA | Tentative |
| Credit of Shares to Demat | TBA | Tentative |
| IPO Listing Date | 20 January 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 5:00 PM on Closing Day | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Narmadesh Brass Industries IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 480 Shares | ₹2,47,200 |
| Retail (Max) | 2 Lots | 480 Shares | ₹2,47,200 |
| S-HNI (Min) | 3 Lots | 720 Shares | ₹3,70,800 |
| S-HNI (Max) | 8 Lots | 1,920 Shares | ₹9,88,800 |
| B-HNI (Min) | 9 Lots | 2,160 Shares | ₹11,12,400 |
Narmadesh Brass Industries IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹-20 -3.9%
Estimated Listing Price
₹495.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 14 Jan 2026 | ₹0 | ₹515.00 | +0.00% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Narmadesh Brass Industries IPO Subscription Status
Demand breakdown by investor category
Retail
—
QIB
—
NII / HNI
—
Total
—
About Narmadesh Brass Industries
Narmadesh Brass IPO Market Lot
| 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 |
| S-HNI Maximum | – | – | – |
| B-HNI Minimum | – | – | – |
Narmadesh Brass Industries IPO Reservation & Share Quotas
| Investor Category | Shares Offered | Percentage (%) |
|---|---|---|
| Anchor Investor | – | – |
| QIB (Ex. Anchor) | – | – |
| NII | 4,12,800 Shares | 47.38% |
| Retail | 4,12,800 Shares | 47.38% |
Narmadesh Brass Industries IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 12 Jan 2026 |
| IPO Close Date | 16 Jan 2026 |
| Basis of Allotment | 19 Jan 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 21 Jan 2026 |
Note: The timeline for నర్మదేశ్ బ్రాస్ ఇండస్ట్రీస్ IPO is tentative and subject to change.
Narmadesh Brass Industries Promoters and Shareholding Pattern
The promoters of the company are M/s. Sprayking Limited, Mr. Hitesh Dudhagara and Mrs. Ronak Dudhagara.
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 24,00,000 | 99.92% |
| Promoter Holding Post Issue | 31,00,800 | 71.84% |
Narmadesh Brass Industries Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
About Narmadesh Brass IPO
Narmadesh Brass Industries Limited has been involved in the manufacturing of a wide range of brass products. The company runs its operations through its manufacturing located in plot no. 5, 8 & 9 at Jamnagar, Gujarat, spanning 6,293.03 sq.mtr. Its manufacturing facilities are capable of producing up to 4,320 metric tonnes (MT) of brass billets per year, 4,320 MT of brass rods per year, and 1,600 MT of brass components per year.
It’s product portfolio consists of brass rods, brass billets, agricultural sprayer parts, garden fittings, ball valves, non-return valves (NRVs), turning components and plumbing fittings, sanitary fittings, and brass compression fittings serving both domestic and global markets. Moreover, the company consists of 81 laborers as of September 2025.
Narmadesh Brass Industries Company Financial Report
To Be Updated Soon
Narmadesh Brass Industries Company Valuation & Key Performance Indicators
To Be Updated Soon
Narmadesh Brass Industries Peer Group Comparison
To Be Updated Soon
Narmadesh Brass Industries IPO FAQs
Narmadesh Brass Industries IPO opens for subscription on 11 January 2026 and closes on 15 January 2026.
The price band for Narmadesh Brass Industries IPO is set at ₹515.00 per share.
The minimum market lot size is 240 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 480 Shares (₹2,47,200).
The latest Grey Market Premium (GMP) for Narmadesh Brass Industries IPO is ₹-20.00. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Narmadesh Brass Industries IPO is tentatively scheduled for 18 January 2026, and shares are expected to list on the stock exchanges on 20 January 2026.
The registrar details will be confirmed in the official prospectus.
Narmadesh Brass Industries IPO Analysis & Articles