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ListedSMEMetal - FerrousNARMADESH

Narmadesh Brass Industries IPO

Narmadesh Brass Industries IPO is an SME IPO raising ₹45 Cr at a fixed price of ₹515 a share. It listed on 21 Jan 2026 at ₹495, −3.9% against its issue price of ₹515, and trades at ₹349 today (−32.2% since issue). It was subscribed 1.30× in total.

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₹515
Issue price
₹349
Price now
−32.2%
Since issue price
21 Jan 2026
Listed on
1.30×Subscribed (final) · all exchanges

Just covered — bids slightly exceed the shares on offer

populated partly populated we hold nothing here — the tab says why

How its cohort has done

131 SME issues listed in 2026 that we can price today. This is the group this issue belongs to.

+8.4%
Median return since issue price
46.6%
Now trading below their issue price

Neither figure is a forecast for this issue — they describe what happened to comparable issues. Full cohort analytics →

What we hold for this issue

Stated up front on every issue, so a sparse page reads as a fact about the source rather than a broken one.

Category split — who bidNot available from NSE for this issue
How demand built over timeFinal figure held, but no series — we were not sampling this issue while it was live
Price-point demand curveLive only — NSE stops serving this once bidding closes
Lead managers and registrarNot published — smaller SME issues often name none
Official documentsNo prospectus or exchange filings are available for this issue
Listing-day priceOpened at ₹495 on debut
Performance since listingComputed from our own daily closes

What happens when

9 JanPre-apply
12 JanBidding opens
16 JanBidding closes
20 JanAllotment
20 JanRefunds
21 JanListing
27 FebMandate ends

Track Narmadesh Brass Industries Lim

Results, orders, board decisions and every other filing — summarised and sent to your WhatsApp the minute they are out.

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Figures are as published by the exchanges and the issuer’s prospectus. MarketPing publishes facts, comparisons and history only — nothing here is a recommendation to apply to this issue, and we do not publish grey market premium.