Narmadesh Brass Industries Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹515
Per ShareLot Size
240 Shares
Minimum Investment
₹1,23,600
Issue Size
₹44.87 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Narmadesh Brass Industries Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.92%
Promoter Holding (Post-Issue)
71.82%
Issue Type
Fixed Price - SME
ISIN
INE0S1B01014
About the Company
Narmada Brass Industries Limited manufactures brass products for domestic and international markets. Operating from an ISO 9001:2015 certified facility in Jamnagar, it produces billets, rods, and components, offering casting and forging services with a total annual capacity of 10,240 MT.
Industry Overview
Global growth is projected at 3.3% for 2025-2026, below the historical average. Inflation is expected to ease gradually. Risks remain, especially outside the U.S., requiring careful policy balancing, structural reforms, and stronger international cooperation to support stability and growth.
Company History
The Company was originally formed as a partnership firm under the Indian Partnership Act, 1932 with the registrar of firm Jamnagar vide Registration No. GUJRJ202456 in the name and style of "Narmada Brass Industries", pursuant to a deed of partnership entered on August 29, 2019. Further the Partnership Firm "Narmada Brass industries" was converted into Public Limited Company "Narmadesh Brass Industries Limited" pursuant to Part I of chapter XXI of the Companies Act, 2013 vide Certificate of Incorporation dated October 30, 2023 by Registrar of Companies, Central Registration Centre. The Corporate Identification Number of the Company is U24209GJ2023PLC145839.
Products & Services
- Narmada Brass Industries Limited manufactures brass products for domestic and international markets.
Growth Strategy
- Expand our Product Range.
- Increasing Geographical Presence.
- Competitive Pricing.
- Global and Domestic Presence.
- Continue to develop client relationships and trust.
- To build-up a professional organization.
- Business Development and Growth.
- Improving functional efficiency and Optimal Utilization of ResourcesImproving functional efficiency and Optimal Utilization of Resources.
- Capacity Enhancement Strategy.
- Augment capital base for adequate working capital.
- Expand its reach in both Domestic and Export Market.
- Strengthen its customer base by growing existing customer business and acquiring new customers.
- Reduce Debt Levels and improve Debt to Equity Ratio.
- Build a Professional organization and continue to recruit, retain and train qualified personnel.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 8,71,200 equity shares of face value of Rs. 10/- each ("Equity Shares") of Narmadesh Brass Industries Limited ("The Company" or "The Issuer Company") for cash at a price Rs. 515 per equity share ("The Offer Price") aggregating to Rs. 44.87 crores, the offer consisting of fresh issue of 7,00,800 equity shares aggregating to Rs. 36.09 crores ("Fresh Issue") and an offer for sale of 1,70,400 equity shares by the selling shareholder aggregating to Rs. 8.78 crores (The "Selling Shareholder") (The "Offer for Sale", and Together With the Fresh Issue, the "Offer"), of which 45,600 equity shares of face value of Rs. 10/- each for a cash price of Rs. 515 per equity share, aggregating to Rs. 2.35 crores will be reserved for subscription by market maker ( The "Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 8,25,600 equity shares of face value of Rs. 10/- each at an offer price of Rs.515 /- per equity share aggregating to Rs. 42.52 crores ( Is Hereinafter Referred to as The "Net Offer"). The offer and net offer will constitute 28.10% and 26.63%, respectively of the post issue paid up equity share capital of the company. Price Band: Rs. 515 per equity share of face value Rs.10/- each. The floor price is 51.5 times of the face value of the equity shares. Bids can be made for a minimum of 480 equity shares and in multiples of 240 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Strategically located manufacturing facilities.
- Stringent quality control mechanism ensuring standardized product quality.
- Experienced Management team.
- High standard of product quality and customer service.
- In-house R&D, tool room and continuous new product developmentIn-house R&D, tool room and continuous new product development.
- Our Company has been recently incorporated thus we have limited operating history as a Company which may make it difficult for investors to evaluate our historical performance or future prospects.
- Our Company has negative cash flows from its operating and investing activities in the past years, details of which are given below. Sustained negative cash flow could impact on our growth and business.
- An increase in the prices of our basic raw materials i.e. Brass Scrap, Copper and Zinc will raise our manufacturing costs and could adversely affect our profitability.
- Under-utilization of our manufacturing capacities and an inability to effectively utilize our existing manufacturing capacities could have an adverse effect on our business, future prospects and future financial performance.
- We require high working capital for our smooth day to day operations of business and any discontinuance or our inability to acquire adequate working capital timely and on favourable terms at a future date, may have an adverse effect on our operations, profitability and growth prospects.