Narmadesh Brass SME IPO Subscription Status
Narmadesh Brass SME IPO closed on 16 January 2026 with an overall subscription of 1.31x based on shares applied. retail at 0.44x.
Allotment will be finalised on 19 January 2026. The stock is scheduled to list on NSE and BSE on 21 January 2026.
Issue Price
Rs 515.00
GMP Today
-
Overall Subscription
1.31x
Issue Size
₹42.52 Cr
Allotment Date
19 Jan 2026
Listing Date
21 Jan 2026
Narmadesh Brass SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 515.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| Other | Rs 21.26 Cr | Rs 46.10 Cr | 2.17x |
| QIB | - | Rs 2.99 Cr | - |
| FII | - | - | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 2.99 Cr | - |
| NII | - | Rs 43.11 Cr | - |
| bNII (above Rs 10L) | - | Rs 33.29 Cr | - |
| sNII (Rs 2L to Rs 10L) | - | Rs 9.83 Cr | - |
| IND | Rs 21.26 Cr | Rs 9.42 Cr | 0.44x |
| Fixed price | - | Rs 9.42 Cr | - |
| Total | Rs 42.52 Cr | Rs 55.52 Cr | 1.31x |
Narmadesh Brass SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| Other | 573 | 272 | 0.47x |
| QIB | - | 1 | - |
| FII | - | - | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | 1 | - |
| NII | - | 271 | - |
| bNII (above Rs 10L) | - | 127 | - |
| sNII (Rs 2L to Rs 10L) | - | 144 | - |
| IND | 860 | 381 | 0.44x |
| Fixed price | - | 381 | - |
| Total | 1,433 | 653 | 0.46x |
What Do These Subscription Numbers Mean?
A subscription of 1.31x by shares means the IPO received bids for 1 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
null Retail allotment is done by lottery when oversubscribed.
Narmadesh Brass SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 0.44x.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
Check the Narmadesh Brass SME IPO Allotment Status page from 19 January 2026 for your allotment result.
Narmadesh Brass SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 12 Jan 2026 | - | 1.93x | 0.07x | 1.07x |
| Day 2 - 13 Jan 2026 | - | 1.84x | 0.16x | 1.07x |
| Day 3 - 14 Jan 2026 | - | 1.90x | 0.22x | 1.13x |
| Day 4 - 16 Jan 2026 | - | 1.92x | 0.44x | 1.25x |
Narmadesh Brass SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 12 January 2026 |
| IPO Close Date | 16 January 2026 |
| Allotment Date | 19 January 2026 |
| Refund Initiation | 20 January 2026 |
| Share Credit to Demat | 20 January 2026 |
| Listing Date | 21 January 2026 |
| Minimum Investment | Rs 2,47,200.00 |
| Lot Size | 240 shares |
About Narmadesh Brass SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Narmadesh Brass SME IPO Subscription FAQs
What is Narmadesh Brass SME IPO subscription status today?
Narmadesh Brass SME IPO subscription closed on 16 January 2026 with overall subscription of 1.31x (by shares) as of 27 June 2026, 3:17 AM IST. QIB N/A, NII N/A, IND 0.44x.
What is the overall subscription of Narmadesh Brass SME IPO?
Narmadesh Brass SME IPO is subscribed 1.31x overall by shares at close on 16 January 2026. QIB N/A, NII N/A, and IND 0.44x.
What is Narmadesh Brass SME IPO QIB subscription?
QIB subscription for Narmadesh Brass SME IPO will appear here once institutional bids are recorded.
What is Narmadesh Brass SME IPO IND subscription?
Narmadesh Brass SME IPO IND subscription is 0.44x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Narmadesh Brass SME IPO NII subscription?
NII subscription for Narmadesh Brass SME IPO will be updated during the subscription window.
What are allotment chances in Narmadesh Brass SME IPO for retail?
Narmadesh Brass SME IPO retail allotment chances depend on final application oversubscription. Allotment is by lottery when retail subscription exceeds 1x.
When is Narmadesh Brass SME IPO allotment date?
Narmadesh Brass SME IPO allotment date is 19 January 2026. Check Narmadesh Brass SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Narmadesh Brass SME IPO subscription close?
Narmadesh Brass SME IPO subscription closed on 16 January 2026. No new applications are accepted after the close.
What is Narmadesh Brass SME IPO GMP today?
GMP for Narmadesh Brass SME IPO is not available yet. Track Narmadesh Brass SME IPO GMP Today on IPOwiz once grey market activity starts.
What is Narmadesh Brass SME IPO issue price and lot size?
Narmadesh Brass SME IPO issue price is ₹515 per share. Lot size is 240 shares. Minimum investment is ₹2,47,200 per lot (minimum 2 lots for SME). Issue size: ₹42.52 Cr.
When is Narmadesh Brass SME IPO listing date?
Narmadesh Brass SME IPO listing date is 21 January 2026 on NSE and BSE. Allotment is on 19 January 2026.
How does subscription affect Narmadesh Brass SME IPO allotment?
Allotment odds in Narmadesh Brass SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 1.31x overall, competition is moderate.
For allotment results from 19 January 2026, visit the Narmadesh Brass SME IPO Allotment Status page. For listing day updates on 21 January 2026, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.