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News Details

( As on 21/01/2026 09:40)

Narmadesh Brass Industries Ltd. debuts with 3.88% discount at Rs 495.00

Narmadesh Brass Industries Ltd. makes a weak debut on the bourses with scrip got listed at Rs 495.00 on the Bombay Stock Exchange, a 3.88 per cent discount to its issue price of Rs 515.00.

The company, which raised 0.09 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 8.71 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Jan 12 to Jan 15.

Following a weak opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.

The company anticipates using the proceeds of the issue for .

Aryaman Financial Services Limited as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 82,180.47, down 1,065.71 points, or 1.28 per cent.