SME
IPO ·
BSE SME
Narmadesh Brass Industries Ltd
Listed
Narmadesh Brass Industries Ltd. is a modern brass manufacturing company based in Jamnagar, Gujarat.
Issue details
Price band
₹515
Face value
₹10
Lot size
240 shares
Minimum investment
₹2,47,200
Issue size
₹44.87 Cr
Fresh issue
₹33.74 Cr
Offer for sale
₹8.78 Cr
Issue type
Fixed Price
Exchange
BSE SME
Key dates
Opens
12 Jan 2026
Closes
16 Jan 2026
UPI mandate cut-off
5:00 PM on 16 Jan 2026
Allotment
19 Jan 2026
Refunds
20 Jan 2026
Shares in demat
20 Jan 2026
Listing
21 Jan 2026
Subscription and listing
Subscription
1.25x
Listing price
₹495
Registrar
Kfin Technologies Ltd
Lead manager
Aryaman Financial Services
Subscription by category
Total
1.25x
Total applications
652
Listing day
Issue price
₹515
Open
₹495.00
High
₹495.00
Low
₹470.25
Day close
₹470.25
Listing gain at open
-3.88%
Issue structure
Shares reserved per category and share of the total issue
NII Shares Offered
4,12,800
47.38%
Retail Shares Offered
4,12,800
47.38%
Market Maker Shares Offered
45,600
5.23%
Total Shares Offered
8,71,200
100.00%
Finaccle’s quick read
Avoid
FY25 income up 11%, PAT down 19%, ROE 17.86%, post-issue P/E 19.9x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
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.
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
17.86%
ROCE
13.31%
Debt / equity
—
PAT margin
11.74%
P/E post issue
19.9
Market cap
₹159.69 Cr
Use of IPO money
Repayment/ prepayment, in full or in part, of certain outstanding borrowings
₹14.50 Cr
Purchase of machinery and equipment
₹3.29 Cr
Funding working capital requirements of the Company
₹10.20 Cr
General Corporate Purposes
₹4.60 Cr
Issue expenses
₹4.31 Cr
Strengths
✓
PAT margin of 11.74%
✓
ROE of 17.86% and ROCE of 13.31%
Risks to watch
!
PAT fell 19% in FY25
!
SME platform: large lot size and thinner trading liquidity
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.