
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
Close
16 Jan 2026
Allotment
19 Jan 2026
Refund
20 Jan 2026
Demat Credit
21 Jan 2026
Listing
21 Jan 2026
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹515
Band: ₹515
Estimated Listing Price
₹515
Upper price + GMP
Lot Size
240 shares
Min investment ₹1,23,600
Estimated Profit / Lot
₹0
240 × ₹0
Grey Market Premium trend
—
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | — | 0.0% | ₹515 |
| 30 Oct 2026 | — | 0.0% | ₹515 |
| 29 Oct 2026 | — | 0.0% | ₹515 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
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.
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.
The latest grey market premium for Narmadesh Brass Industries Limited IPO is ₹0, which indicates an expected listing price of ₹515.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.