Narmadesh Brass SME IPO Subscription
ListedUpdated 21 January 2026, 9:15 AM IST· BSE SME
Narmadesh Brass SME IPO subscription closed on 16 January 2026 at 1.31x overall by shares. retail at 0.44x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 19 January 2026. Listing date on NSE and BSE is 21 January 2026.
Narmadesh Brass SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| 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 Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Narmadesh Brass SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 0.44x | Very high |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Narmadesh Brass SME IPO Allotment Status page from 19 January 2026 for your result.
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?
1.31x overall by shares means bids covered about 1 times the shares on offer. Allotment chances depend on applications in each category.
null Retail allotment is also by lottery.
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 (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Narmadesh Brass SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Narmadesh Brass SME Details
Issue size, price, financials, and company info
Narmadesh Brass SME GMP
Live grey market premium and listing estimate
Narmadesh Brass SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Narmadesh Brass SME Allotment
Allotment date, chances, and check by PAN
Narmadesh Brass SME Review
SWOT, strengths, risks, and IPO review
Narmadesh Brass SME FAQ
Common questions on dates, GMP, and allotment
Narmadesh Brass SME Registrar
Registrar website and how to check allotment
Narmadesh Brass SME Timeline
Open, close, allotment, and listing dates
Narmadesh Brass SME News
Updates, blogs, and latest IPO news
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 August 2026, 4:32 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. Retail bids are up to Rs 2 lakh per PAN.
What is Narmadesh Brass SME IPO NII, SHNI, and BHNI subscription?
NII, SHNI, and BHNI subscription for Narmadesh Brass SME IPO will update during the bidding window.
What are Narmadesh Brass SME IPO retail allotment chances?
Narmadesh Brass SME IPO retail allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
What are Narmadesh Brass SME IPO SHNI allotment chances?
Narmadesh Brass SME IPO SHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
What are Narmadesh Brass SME IPO BHNI allotment chances?
Narmadesh Brass SME IPO BHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
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?
In Narmadesh Brass SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. 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.
Sources
We match Narmadesh Brass SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.