Narmadesh Brass Ipo
Narmadesh Brass IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Aryaman Financial Services Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 480 | ₹2,47,200 |
| Retail Maximum | 2 | 480 | ₹2,47,200 |
| S-HNI Minimum | 3 | 720 | ₹3,70,800 |
| Investor Category | Share Offered | -% Shares |
| NII Shares Offered | 4,12,800 Shares | 47.38% |
| Retail Shares Offered | 4,12,800 Shares | 47.38% |
| IPO Open Date: | January 12, 2026 |
| IPO Close Date: | January 16, 2026 |
| Basis of Allotment: | January 19, 2026 |
| Refunds: | January 20, 2026 |
| Credit to Demat Account: | January 20, 2026 |
| IPO Listing Date: | January 21, 2026 |
| IPO Bidding Cut-off Time: | January 16, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 24,00,000 | 99.92% |
| Promoter Holding Post Issue | 31,00,800 | 71.84% |
| Purpose | Crores |
| Repayment/ prepayment, in full or in part, of certain outstanding borrowings | ₹14.50 |
| Purchase of machinery and equipment | ₹3.29 |
| Funding Working capital requirements | ₹10.20 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹60.09 | ₹58.92 | ₹0.89 | ₹22.00 |
| 2024 | ₹79.06 | ₹69.38 | ₹7.10 | ₹46.68 |
| 2025 | ₹88.05 | ₹80.92 | ₹5.72 | ₹59.66 |
| September 2025 | ₹34.21 | ₹29.37 | ₹4.01 | ₹63.10 |
| KPI | Values |
| ROE: | 49.99% |
| ROCE: | 23.29% |
| EBITDA Margin: | 10.64% |
| PAT Margin: | 6.52% |
| Debt to equity ratio: | 1.68 |
| Earning Per Share (EPS): | ₹26.23 (Basic) |
| Price/Earning P/E Ratio: | 19.63 |
| Return on Net Worth (RoNW): | 49.99% |
| Net Asset Value (NAV): | ₹57.24 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Poojawestern Metaliks Limited | 1.53 | 18.67 | 11.46% | 13.38 | 50.37 Cr. |
| Siyaram Recycling Industries Limited | 6.69 | 8.10 | 11.49% | 58.24 | 515.56 Cr. |
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| IPO Open Date | January 12, 2026 |
| IPO Close Date | January 16, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹515 Per Share |
| Issue Size | Approx ₹45 Crores |
| Fresh Issue | Approx ₹36 Crores |
| Offer for Sale: | Approx 1,70,400 Equity Shares |
| Issue Type | Fixed Price Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |