Narmadesh Brass Industries IPO (BSE SME)
₹123,600 /240 shares
Minimum Investment
Narmadesh Brass Industries IPO (BSE SME) Details
Min. Investment
₹123,600
Lot Size
240
Price Range
₹515
Issue Size
₹45 Cr
Subscription Figures 15 Jan, 2026 00:22
- NII (Including QIB) 2.01x
- Retail 0.23x
- Total 1.12x
Strengths & Financials of Narmadesh Brass Industries Ltd
Stallion India Fluorochemicals operates four facilities located in Khalapur (Maharashtra), Ghiloth (Rajasthan), Manesar (Haryana), and Panvel (Maharashtra). The company states that these facilities are specifically designed and equipped to store gases under controlled conditions and are located near customers.- The company serves a wide range of industries, including air conditioning and refrigeration, fire safety, semiconductor manufacturing, automobile production, pharmaceuticals, medical applications, glass bottle production, aerosols, and spray foam. Stallion India Fluorochemicals states that this diverse client base showcases the demand for the company’s products across various sectors.
- The company is ISO 9001:2015 certified for quality management systems for its compliance in the filling and sale of compressed refrigerant gases.
- The company has seen a consistent increase in revenue from operations. Revenue from operations increased from Rs 185.88 crore in FY22 to Rs 225.50 crore in FY23 to Rs 233.23 crore in FY24.
Stallion India Fluorochemicals operates four facilities located in Khalapur (Maharashtra), Ghiloth (Rajasthan), Manesar (Haryana), and Panvel (Maharashtra). The company states that these facilities are specifically designed and equipped to store gases under controlled conditions and are located near customers.- The company serves a wide range of industries, including air conditioning and refrigeration, fire safety, semiconductor manufacturing, automobile production, pharmaceuticals, medical applications, glass bottle production, aerosols, and spray foam. Stallion India Fluorochemicals states that this diverse client base showcases the demand for the company’s products across various sectors.
- The company is ISO 9001:2015 certified for quality management systems for its compliance in the filling and sale of compressed refrigerant gases.
- The company has seen a consistent increase in revenue from operations. Revenue from operations increased from Rs 185.88 crore in FY22 to Rs 225.50 crore in FY23 to Rs 233.23 crore in FY24.
Tentative Date / Timetable
| Bid/Offer Opens On | Jan 12, 2026 |
| Bid/Offer Closes On | Jan 15, 2026 |
| Finalisation of Basis of Allotment | Jan 16, 2026 |
| Initiation of Refunds | Jan 19, 2026 |
| Credit of Shares to Demat Acct | Jan 19, 2026 |
| IPO Shares Listing Date | Jan 20, 2026 |
Company Promoters
| 1. | The promoters of the company are M/s. Sprayking Limited |
| 2. | Mr. Hitesh Dudhagara and Mrs. Ronak Dudhagara.\r\n |
Lead Managers
| 1. | Aryaman Financial Services Ltd |
Contact Information
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IPO Registrar
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