Upcoming IPO: Narmadesh Brass Industries Files DRHP For IPO at BSE SME

Jamnagar-based brass products manufacturer Narmadesh Brass Industries has filed its Draft Red Herring Prospectus (DRHP) on August 25, 2025, with BSE for a small and medium enterprise (SME) IPO.?

IPO Structure and Details

• The proposed issue comprises a fresh issue of 7,00,800 Equity Shares and an offer for sale of 1,70,400 Equity Shares by existing shareholders, Hitesh Dudhagara and Ronak Dudhagara.?
• Book-running lead manager for the IPO is Aryaman Financial Services Limited.
• KFin Technologies Limited is the registrar for the Narmadesh Brass Industries IPO.?

Utilisation of Funds

The net proceeds from the fresh issue will be used towards

• Repayment of debt?
• Purchase of machinery and equipment
• Fund working capital requirements
• General corporate purposes

Explore other Upcoming IPOs on BSE and NSE.

Financial Performance

Narmadesh's revenue from operations has increased steadily over the years, rising from ?5,996.18 lakhs in FY 2022-23 to ?7,888.45 lakhs in FY 2023-24 and reaching ?8,772.09 lakhs for the period ending March 31, 2025.?

Company Profile

Narmadesh Brass Industries manufactures a diverse range of brass products, including rods, billets, valves, sanitary and plumbing fittings, and other brass components/products. Their manufacturing facility is located in Jamnagar, Gujarat, which spans across 6,293.03 sq.mtr.?