Narmadesh Brass Industries IPO to Open on Jan 12, 2026

Mumbai (Maharashtra) [India], January 10: Narmadesh Brass Industries Limited has announced the opening of its Initial Public Offering (IPO) on January 12, 2026, aiming to raise ₹44.86 crore. The equity shares will be listed on the BSE SME platform, marking an important milestone in the company’s growth journey.

Engaged in the manufacturing of brass products for both domestic and international markets, Narmadesh Brass Industries has built a reputation for precision engineering, quality standards, and consistent delivery. The IPO comprises 8,71,200 equity shares with a face value of ₹10 each, offered at a fixed price of ₹515 per share.

Equity Share Allocation

• Non-Institutional Investors (NII): Not less than 4,12,800 equity shares

• Retail Individual Investors (RII): Not less than 4,12,800 equity shares

• Market Maker: Up to 45,600 equity shares

The issue will open on Monday, January 12, 2026, and close on Thursday, January 15, 2026.

Utilisation of IPO Proceeds

The net proceeds from the issue will be deployed towards:

• Repayment and prepayment of certain outstanding borrowings

• Purchase of new machinery and equipment

• Funding working capital requirements

• General corporate purposes

These initiatives are expected to strengthen the company’s operational efficiency, expand production capacity, and support long-term scalability.

Management Commentary

Commenting on the IPO, Hitesh Dudhagara, Managing Director of Narmadesh Brass Industries Limited, said:

“Our IPO marks a defining moment in the growth trajectory of Narmadesh Brass Industries Limited. Over the years, we have evolved as a reliable name in the brass manufacturing sector, known for quality, precision, and innovation. With our integrated manufacturing facility and diversified product portfolio, we continue to serve both domestic and international markets with consistency.

The proceeds from the IPO will be utilised for acquiring advanced machinery and meeting working capital requirements. These investments will enhance manufacturing efficiency, expand capacity, and enable us to introduce new product lines to meet growing demand, while laying a strong foundation for sustainable growth.”

Lead Manager’s Perspective

Aryaman Financial Services Limited, the Lead Manager to the Issue, highlighted the company’s growth potential. Shripal Shah, Director at Aryaman Financial Services Limited, stated:

“We are pleased to support Narmadesh Brass Industries Limited in its IPO journey. The company has established a strong presence across domestic and international markets, supported by an integrated and ISO-certified manufacturing facility. Operating in a growing brass and components industry with rising demand from plumbing, sanitary, and industrial segments, Narmadesh is well-positioned to capitalise on these opportunities.

The IPO proceeds will improve production efficiency and enable expansion of product offerings, supporting long-term growth and operational scalability.”

Issue Structure

• Lead Manager: Aryaman Financial Services Limited

• Registrar to the Issue: KFIN Technologies Limited

Outlook

With increasing demand for brass components across infrastructure, industrial, and export-oriented segments, Narmadesh Brass Industries Limited enters the public markets at a time of favourable industry dynamics. The IPO is expected to strengthen its balance sheet, accelerate capacity expansion, and support the company’s ambition to scale its presence in domestic and global markets.

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