Narmadesh Brass Industries Ltd IPO
The Narmadesh Brass Industries Ltd IPO is a fixed-price SME issue of 8,71,200 equity shares aggregating up to ₹44.87 crores at ₹515 per share, comprising a fresh issue of 7,00,800 shares (₹36.09 crore) and an offer-for-sale (OFS) of 1,70,400 shares (₹8.78 crore). The IPO opens on January 12, 2026 and closes on January 15, 2026, with allotment finalisation expected on January 16, 2026 and tentative listing on BSE SME on January 20, 2026. The lot size is 240 shares (₹1,23,600), with retail investors required to apply for a minimum of 2 lots (480 shares, ₹2,47,200) and HNIs a minimum of 3 lots (720 shares, ₹3,70,800).
Aryaman Financial Services Ltd is the book running lead manager, Kfin Technologies Ltd is the registrar and market makers include specified brokers for liquidity support
