What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Narmadesh Brass Industries Limited IPO allotment date?

The basis of allotment for Narmadesh Brass Industries Limited IPO is scheduled to be finalized on 19 Jan 2026.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 20 Jan 2026.

Narmadesh Brass Industries Limited

ListedSME

Metals · BSE

Narmadesh Brass Industries Ltd is a modern brass manufacturing company based in Jamnagar, Gujarat, operating from a 6,293 square metre facility located in the Shree Ganesh Industrial Hub, an area well known for brass production. The company makes a wide range of brass products for both Indian and international markets, including brass billets and rods, ball valves and NRVs, plumbing and sanitary fittings with lead-free options, and agricultural sprayer and garden fittings. All major processes such as casting, forging, turning, CNC and VMC machining are carried out in-house, which helps the company maintain consistent quality from production to final dispatch. The company is certified under ISO 9001:2015 for its quality management system and, as of September 30, 2025, its manufacturing operations were supported by 81 contract workers.

Price Band

₹515

Issue Size

₹44.86 Cr

Lot Size

240 shares

GMP

—

Est. Listing

₹515

at current GMP

Subscribed

1.22x

overall

Open

12 Jan 2026

16 Jan 2026

Allotment

19 Jan 2026

Refund

20 Jan 2026

Demat Credit

21 Jan 2026

Listing

21 Jan 2026

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Narmadesh Brass Industries Limited Allotment Status

Designated Registrar: Kfin Technologies Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

19 Jan 2026

Basis finalization

Refunds Initiate

20 Jan 2026

Mandate release

Demat Credit

21 Jan 2026

Shares in demat

Listing Debut

21 Jan 2026

Trading begins

How to Check Narmadesh Brass Industries Limited IPO Allotment Status

Click the Check on Registrar button above to visit Kfin Technologies Limited's allotment portal.
Select Narmadesh Brass Industries Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Narmadesh Brass Industries Limited Public Issue & Market Profile

Narmadesh Brass Industries Limited is bringing an initial public offering (IPO) in the Metals sector with an aggregate issue size of ₹44.86 Crores. The shares are offered at a price band of ₹515 to ₹515 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 240 shares (approx. ₹1,23,600 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-01-21, while un-allotted funds or UPI block mandates will be released on 2026-01-20.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.