IPO IPO-Synopsis
Narmadesh Brass Industries Ltd

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Registered Office: Plot No.5,8 & 9 Survey No.433,Shree Ganesh Ind.Hub Changa(V) , Jamnagar - 361012 , Gujarat , India.
Phone : +91 028 9529 9401   Fax:
Email :  info@narmadeshbrass.com  
Website :  www.narmadeshbrass.com
Initial public offering of 8,71,200 equity shares of face value of Rs10/- each ("Equity Shares") of Narmadesh Brass Industries Limited ("The Company" or "The Issuer Company") for cash at a price Rs515 per equity share ("The Offer Price") aggregating to Rs44.87 crores, the offer consisting of fresh issue of 7,00,800 equity shares aggregating to Rs36.09 crores ("Fresh Issue") and an offer for sale of 1,70,400 equity shares by the selling shareholder aggregating to Rs8.78 crores (The "Selling Shareholder") (The "Offer for Sale", and Together With the Fresh Issue, the "Offer"), of which 45,600 equity shares of face value of Rs10/- each for a cash price of Rs515 per equity share, aggregating to Rs2.35 crores will be reserved for subscription by market maker ( The "Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 8,25,600 equity shares of face value of Rs10/- each at an offer price of Rs515 /- per equity share aggregating to Rs42.52 crores ( Is Hereinafter Referred to as The "Net Offer"). The offer and net offer will constitute 28.10% and 26.63%, respectively of the post issue paid up equity share capital of the company. Price Band: Rs515 per equity share of face value Rs10/- each. The floor price is 51.5 times of the face value of the equity shares. Bids can be made for a minimum of 480 equity shares and in multiples of 240 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
12-Jan-26 16-Jan-26 Rs515.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :480  Further Multiples of :240

  Rs Cr Lead Managers to the Issue
Project Cost 0.00
Aryaman Financial Services Limited
Project Financed through Current Offer 44.87  
Post Issue Equity Share Capital 3.10  
Issue Price Rs515.00  
Projects
Repayment/ prepayment, in full or in part, of certain outstanding borrowingsFunding Working capital requirements
Purchase of machinery and equipmentGeneral Corporate Purpose
Promoted By
Sprayking Ltd
Hitesh Dudhagara
Ronak Dudhagara
Listing At
BSE - SME 
Registrar to the Issue
KFin Techologies Ltd