{"id":45653,"date":"2026-01-10T14:25:04","date_gmt":"2026-01-10T08:55:04","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2026\/01\/10\/narmadesh-brass-industries-limited-ipo-opens-on-jan-12-2026\/"},"modified":"2026-01-10T14:25:04","modified_gmt":"2026-01-10T08:55:04","slug":"narmadesh-brass-industries-limited-ipo-opens-on-jan-12-2026","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2026\/01\/10\/narmadesh-brass-industries-limited-ipo-opens-on-jan-12-2026\/","title":{"rendered":"Narmadesh Brass Industries Limited IPO Opens on Jan 12, 2026"},"content":{"rendered":"
\n

Mumbai (Maharashtra) [India], January 10:<\/strong> <\/span>Narmadesh\u00a0Brass Industries Limited\u00a0(The Company,\u00a0Narmadesh) is engaged in manufacturing of brass products catering to both domestic and international market,\u00a0proposes to open its Initial Public Offering on\u00a0Jan 12, 2026, aiming to\u00a0raise\u00a0\u20b944.86\u00a0Crores with shares to be listed on the\u00a0BSE SMEplatform.<\/p>\n

The issue size is\u00a08,71,200\u00a0equity shares with a face value of\u00a0\u20b9\u00a010\u00a0each\u00a0with\u00a0an\u00a0IPO\u00a0Price\u00a0of\u00a0\u20b9515\u00a0Per Share.<\/p>\n

Equity Share Allocation<\/p>\n

\u2022\u00a0Non-Institutional Investors \u2013\u00a0Not\u00a0less\u00a0than\u00a04,12,800\u00a0Equity Shares<\/p>\n

\u2022\u00a0Individual Investors \u2013\u00a0Not\u00a0less\u00a0than\u00a04,12,800\u00a0Equity Shares<\/p>\n

\u2022\u00a0Market Maker \u2013\u00a0Up to\u00a045,600\u00a0Equity Shares<\/p>\n

The net proceeds from the IPO will be utilized for\u00a0Repayment\/ prepayment, of certain outstanding borrowings,\u00a0Purchase of machinery and equipment,\u00a0Funding Working capital requirements and General Corporate Purpose.\u00a0Theissue\u00a0will open\u00a0on\u00a0Monday,\u00a0Jan 12, 2026\u00a0and will close on\u00a0Thursday,\u00a0Jan 15, 2026.<\/p>\n

The Lead Manager to the Issue is\u00a0Aryaman Financial Services Limited, and the Registrar is\u00a0KFIN Technologies Limited.<\/p>\n

Mr. Hitesh Dudhagara, Managing Director of\u00a0NarmadeshBrass Industries Limited\u00a0expressed,\u00a0\u201cOur IPO marks a defining moment in the growth trajectory of\u00a0Narmadesh\u00a0Brass 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.<\/p>\n

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.<\/p>\n

Mr. Shripal Shah,\u00a0Director of\u00a0Aryaman Financial Services Limited\u00a0said\u00a0\u201cWe are pleased to support\u00a0Narmadesh\u00a0Brass 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,\u00a0Narmadesh\u00a0is well-positioned to leverage these opportunities through its ISO-certified facility and focus on quality and precision.<\/p>\n

The IPO proceeds will enhance its production efficiency and enabling the company to expand its product offerings. These initiatives will support the company\u2019s long-term growth plansand improve its operational scalability.<\/p>\n

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India], January 10: Narmadesh\u00a0Brass Industries Limited\u00a0(The Company,\u00a0Narmadesh) is engaged in manufacturing of brass products catering to both domestic and international market,\u00a0proposes to open its Initial Public Offering on\u00a0Jan 12, 2026, aiming to\u00a0raise\u00a0\u20b944.86\u00a0Crores with shares to be listed on the\u00a0BSE SMEplatform. The issue size is\u00a08,71,200\u00a0equity shares with a face value of\u00a0\u20b9\u00a010\u00a0each\u00a0with\u00a0an\u00a0IPO\u00a0Price\u00a0of\u00a0\u20b9515\u00a0Per Share. Equity Share…<\/p>\n

Read More “Narmadesh Brass Industries Limited IPO Opens on Jan 12, 2026”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":45654,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-45653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/45653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=45653"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/45653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/45654"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=45653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=45653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=45653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}