Gujarat‑based Narmadesh Brass Industries is opening its initial public offering (IPO) on the BSE SME platform.
Key IPO Details
- Issue size: about Rs 44.8 crore (≈7 lakh fresh shares + 1.7 lakh sell‑off shares)
- Price: Rs 515 per share
- Subscription window: 12 January – 15 January
- Lead manager: Aryaman Financial Services Ltd
How the Money Will Be Used
The company says the proceeds will go toward paying down debt, buying advanced machinery, meeting working‑capital needs and other corporate purposes. These steps aim to improve manufacturing efficiency, increase capacity and launch new product lines.
Recent Financial Performance
- Revenue for the last fiscal year: Rs 87.72 crore
- Profit after tax: Rs 5.66 crore
Listing Schedule
Shares are expected to start trading on the BSE SME platform on 20 January, subject to regulatory approval.
Investors should consider the company’s growth plans and financial health before deciding to subscribe.
Remember, this is just information, not a recommendation. Do your own research before investing.