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.

What is the current subscription status of Narmadesh Brass Industries Limited IPO?

Narmadesh Brass Industries Limited IPO has received a total subscription of 1.22 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

1.22x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

2.05x

High Net-Worth

Retail (RII)

0.38x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 1.22x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
NIB	412,800	847,440	2.05x
RETAIL	412,800	156,000	0.38x
Total	825,600	1,003,440	1.22x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 0.60x

Category	Applications Reserved	Applications Received	Times Subscribed
QIB	—	1	0.00x
NIB	—	271	0.00x
RETAIL	860	325	0.38x
HNIs (2-10L)	573	260	0.45x
Total Applications	1,433	857	0.60x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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 Schedule:

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 is Narmadesh Brass Industries Limited IPO GMP today?

Currently, Narmadesh Brass Industries Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹515 to ₹515 per equity share.

What is the expected profit per lot for Narmadesh Brass Industries Limited IPO?

The retail lot size is 240 shares requiring a minimum application amount of ₹1,23,600. Expected listing price is ₹515 per equity share.

What is the issue size and price band for Narmadesh Brass Industries Limited IPO?

The Narmadesh Brass Industries Limited IPO aggregate issue size is ₹44.86 Crores with an equity price band set at ₹515 to ₹515 per equity share. The retail lot size is 240 shares requiring a minimum capital outlay of approx. ₹1,23,600.

How can I check Narmadesh Brass Industries Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 1.22x (Retail: 0.38x, QIB: 0.00x, NII: 2.05x). You can track live multiples directly on our dedicated subscription page.

Where and when will Narmadesh Brass Industries Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2026-01-19. Investors can verify status using PAN card or application number.

When is the listing date for Narmadesh Brass Industries Limited IPO?

Narmadesh Brass Industries Limited shares are scheduled to list on BSE on 2026-01-21.