Narmadesh Brass IPO
Metals (Brass) - Listed on 21 January 2026
Narmadesh Brass IPO listing summary
Narmadesh Brass (Metals (Brass)) closed its IPO window in 2026 and listed on NSE and BSE on 21 January 2026 at an upper band issue price of Rs 515, opening at Rs 495 for a listing gain of -3.9% and closing day one at Rs 470.25 (-8.7% on closing basis). The IPO was subscribed 1.25x overall - QIB 0.00x, HNI/NII 1.92x, Retail 0.44x. The total issue size was Rs 44.87 Cr (Fresh Issue Rs 36.09 Cr, OFS Rs 8.78 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Narmadesh Brass IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | - | - |
| Day 2 | - | - |
| Day 3 | - | - |
| Day 4 | - | - |
| Day 5 | - | - |
Issue & financials
Market context at listing
How the broader market moved around the Narmadesh Brass IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Narmadesh Brass IPO - FAQs
What was the listing gain of Narmadesh Brass IPO?
Narmadesh Brass IPO listed at -3.9% versus the upper issue price of Rs 515 on 21 January 2026.
How many times was Narmadesh Brass IPO subscribed?
Narmadesh Brass IPO was subscribed 1.25x overall. QIB portion was subscribed 0.00x, HNI / NII 1.92x and Retail 0.44x.
What was the IPO GMP for Narmadesh Brass?
Day-by-day IPO GMP data for Narmadesh Brass is listed in the table above.