Narmadesh Brass Industries Limited IPO Review
Neutral515-515 · SME
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Analyst Verdict
Narmadesh Brass Industries Limited IPO
Neutral
IPO at a Glance
Price Band
515-515
Issue Size
45cr
Min. Investment
₹1,23,600
Opens
2026-01-10
Closes
2026-01-14
Listing
2026-01-18
Category
SME
Key Strengths
✓ISO 9001:2015 certified manufacturing facility in the Jamnagar brass cluster.
✓Experienced promoters with a strong background in brass manufacturing.
✓Integrated capabilities across brass rods, billets, and components.
✓Established customer base across domestic and export markets.
✓Strategic location with access to skilled labour and raw materials.
Key Risks
⚠High revenue dependence on a limited range of brass products.
⚠Single-location manufacturing increases operational concentration risk.
⚠Dependence on a small number of customers for a large share of revenue.
⚠Exposure to volatility in brass, copper, and zinc prices.
⚠Limited operating history as a recently incorporated public company.
Frequently Asked Questions
Should I apply for Narmadesh Brass Industries Limited IPO?
Based on our analysis, our rating for Narmadesh Brass Industries Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of Narmadesh Brass Industries Limited IPO?
High revenue dependence on a limited range of brass products. Single-location manufacturing increases operational concentration risk. Dependence on a small number of customers for a large share of revenue.
What are the strengths of Narmadesh Brass Industries Limited IPO?
ISO 9001:2015 certified manufacturing facility in the Jamnagar brass cluster. Experienced promoters with a strong background in brass manufacturing. Integrated capabilities across brass rods, billets, and components.
What is the price band of Narmadesh Brass Industries Limited IPO?
The price band for Narmadesh Brass Industries Limited IPO is 515-515. The IPO has closed.
Full Analysis Available
Financials, DRHP breakdown, peer comparison, shareholding pattern & more