Narmadesh Brass Industries Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 412,800 (47%) | — | ₹2,126 Cr |
| Retail | — | 412,800 (47%) | — | ₹2,126 Cr |
| Market Maker | — | 45,600 (5%) | — | ₹23 Cr |
| Σ Total | — | 871,200 (100%) | — | ₹44,867 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 240 | ₹123,600 |
| Retail (Max) | 13 | 3,120 | ₹1,606,800 |
| S-HNI (Min) | 14 | 3,360 | ₹1,730,400 |
| B-HNI (Min) | 67 | 16,080 | ₹8,281,200 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 34 | 88 | 79 |
| EBITDA | 6 | 9 | 11 |
| Profit After Tax | 4 | 6 | 7 |
| Net Worth | 22 | 11 | 6 |
| Total Assets | 63 | 60 | 47 |
| Reserves & Surplus | 23 | 13 | 7 |
| Total Borrowing | 19 | 25 | 22 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings – 14.50
- Purchase of machinery and equipment – 3.29
- Funding Working capital requirements – 10.20
- General Corporate Purpose – 4.60
Company Overview
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. Their portfolio includes:
- Brass Billets
- Brass Rods
- Brass Valves (including ball valves and NRVs)
- Plumbing and Sanitary Fittings (including lead-free options)
- Agricultural Sprayer Parts and Garden Fittings
- Customization via Casting, Forging, Turning, CNC & VMC Machined Components.
Their in-house processes ensure tight control over quality, from production to dispatch.
The company holds ISO 9001:2015 certification for its Quality Management System, reflecting strong adherence to international quality benchmarks.
This includes its capabilities in casting and forging operations, all executed within the same premises.
As of September 30, 2025, the firm employed 81 contract labourers to support its manufacturing operations.
Competitive Strengths
- A well-equipped, ISO-certified manufacturing facility located in the brass-rich hub of Jamnagar (often referred to as “Brass City”) ensures efficiency and supply chain advantages.
- Full process control—from raw brass billet casting to finished product dispatch—allows better quality assurance and responsiveness to client needs.
- Experienced promoters and management team, including leadership by Hitesh Pragajibhai Dudhagara and others who bring continuity from the prior partnership structure.