Mumbai (Maharashtra) [India], January 10: NarmadeshBrass Industries Limited(The Company,Narmadesh) is engaged in manufacturing of brass products catering to both domestic and international market,proposes to open its Initial Public Offering onJan 12, 2026, aiming toraise₹44.86Crores with shares to be listed on theBSE SMEplatform.
The issue size is8,71,200equity shares with a face value of₹10eachwithanIPOPriceof₹515Per Share.
Equity Share Allocation
•Non-Institutional Investors –Notlessthan4,12,800Equity Shares
•Individual Investors –Notlessthan4,12,800Equity Shares
•Market Maker –Up to45,600Equity Shares
The net proceeds from the IPO will be utilized forRepayment/ prepayment, of certain outstanding borrowings,Purchase of machinery and equipment,Funding Working capital requirements and General Corporate Purpose.Theissuewill openonMonday,Jan 12, 2026and will close onThursday,Jan 15, 2026.
The Lead Manager to the Issue isAryaman Financial Services Limited, and the Registrar isKFIN Technologies Limited.
Mr. Hitesh Dudhagara, Managing Director ofNarmadeshBrass Industries Limitedexpressed,“Our IPO marks a defining moment in the growth trajectory ofNarmadeshBrass Industries Limited. Over the years, we have evolved in the brass manufacturing sector, known for our quality, precision, and commitment to innovation. With our integrated manufacturing facility and diversified product portfolio, we continue to cater to both domestic and international markets with reliability and excellence.
The net proceeds from the IPO will be utilized for purchasing advanced machinery and funding working capital requirements. These investments will enhance our manufacturing efficiency, expand our production capacity, and enable us to introduce new product lines to meet growing market demand. The IPO will also strengthen our foundation for sustainable growth, helping us drive greater value for our customers.
Mr. Shripal Shah,Director ofAryaman Financial Services Limitedsaid“We are pleased to supportNarmadeshBrass Industries Limited in its upcoming IPO. The company has built a strong presence in both domestic and international markets with its diverse range of brass products and integrated manufacturing capabilities. Operating in a growing brass and components industry, which is witnessing increasing demand across plumbing, sanitary, and industrial segments,Narmadeshis well-positioned to leverage these opportunities through its ISO-certified facility and focus on quality and precision.
The IPO proceeds will enhance its production efficiency and enabling the company to expand its product offerings. These initiatives will support the company’s long-term growth plansand improve its operational scalability.
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