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.

Get alerts on this company Company page

₹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

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Issue price (fixed)₹515

Cut-off price₹515

Issue size₹45 Cr

Shares per lot240

Minimum application₹1,23,600

Minimum quantity480

Face value₹10

Listing exchangesBSE

ISININE0S1B01014

Bidding hours10:00 – 17:00 IST

Bidding window12 Jan 2026 – 16 Jan 2026

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.