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Home
InvestmentsIPONarmadesh Brass Industries IPO

Narmadesh Brass Industries IPO

SME

Open Date

12 Jan 2026

Close Date

16 Jan 2026

Min Investment

₹ 2,47,200

Max Investment

₹ 5,00,000

Lot Size

240

Issue Size

₹ 44.87 Cr

Price Range

₹ 515 - ₹ 515
status

IPO Closed Now.

IPO Timeline
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IPO Offer Start
12 Jan 2026
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IPO Offer Ends
16 Jan 2026
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Allotment Finalisation
19 Jan 2026
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Refund Initialisation
20 Jan 2026
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Non-Institutional Buyers (sHNI)
20 Jan 2026
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Listing of Shares
21 Jan 2026
IPO Subscription Details as on 17 Jan 2026, 08:06 PM
Retail
0.43 x
Total
1.3 x
Non-Institutional Buyer (bHNI)
1.57 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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Financials of Narmadesh Brass Industries IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue59.9678.8887.72
Other Income0.130.180.33
Total Income
60.0979.0688.05
Total Expenses
58.9269.3880.92
Profit Before Tax1.179.687.13
Total Profit
0.897.105.72

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company intends to utilize proceeds towards prepayment or repayment, in full or in part, of certain borrowings to reduce outstanding indebtedness, maintain favorable debt-equity ratio, and increase profit margins substantially.15
The company proposes to augment brass component manufacturing equipment by acquiring new machinery to cater growing demand with enhanced quality, increased efficiency, and enable manufacturing of precision components.3
The company proposes to utilize proceeds for working capital requirements to effectively expand business in PAN India and globally, enhance profit margins through timely payments to creditors, and maximize business volume.10
The company's management will have flexibility to deploy proceeds towards strategic initiatives, partnerships, joint ventures, business acquisitions, branding, marketing, and other purposes as approved by the Board.5
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  • Well Equipped manufacturing facility: The company operates through one brass products manufacturing facility with integrated operations controlling all aspects except raw material sourcing. The facility has installed capacity of Brass Billets 4,320 mt per annum, Brass Rods 4,320 mt per annum and Brass Components 1,600 mt per annum, with ISO 9001:2015 certification for Quality Management.
  • Location of manufacturing facility: The company's manufacturing facility is located in Jamnagar, Gujarat, spanning 6,293.03 sq.mt with total premises of 12,299.34 sq.mt. This location provides easy access to raw materials and end users, lowering transportation costs and providing logistics management benefits.
  • Product Portfolio: The company's products comprise Brass Rods, Brass Billets, and Brass Components which amount to 97.10%, 96.52%, 92.98% and 98.28% of total revenue from operations for respective periods. The diversified product range reduces dependency on particular products and de-risks revenue streams.
  • Experienced Promoters and Management Team: The company is managed by Managing Director Hitesh Dudhagara with over two decades of brass industry experience and Executive Director Ronak Dudhagara with over a decade of industry experience. The management team's collective experience enables understanding of market trends and customer relationships.

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©2021-2026 Raise Securities Private Limited (formerly Moneylicious Securities Private Limited). All rights reserved. CIN: U74999MH2012PTC433549 Raise Securities is part of Raise Financial Services.

SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016 | SEBI Research Analyst Registration No: INH000023357
Exchange Membership No. : NSE: 90133 | BSE: 6593 | MCX: 56320
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