Narmadesh Brass Industries IPO lot size and price band
The Narmadesh Brass Industries IPO lot size is 240 shares. At the upper price band of ₹515, one lot costs ₹1,23,600: that is the minimum investment.
A retail application can be for 1 lot only (up to ₹1,23,600, under the ₹2 lakh retail limit). HNI (NII) applications start at 2 lots (₹2,47,200), and big HNI above ₹10 lakh at 9 lots.
Narmadesh Brass Industries IPO: how many shares to bid for
The smallest and largest bid in each category, at the upper price band. Enter the number of shares (or lots) shown.
| Category | Minimum bid | Maximum bid |
|---|---|---|
| Retail (up to ₹2 lakh) | 240 shares (1 lot), ₹1,23,600 | 240 shares (1 lot), ₹1,23,600 |
| Small HNI (₹2 lakh to ₹10 lakh) | 480 shares (2 lots), ₹2,47,200 | 1920 shares (8 lots), ₹9,88,800 |
| Big HNI (above ₹10 lakh) | 2160 shares (9 lots), ₹11,12,400 | no upper limit |
Narmadesh Brass Industries IPO amount by number of lots
At the upper price band. Retail covers bids up to ₹2 lakh, small HNI above ₹2 lakh up to ₹10 lakh, big HNI above ₹10 lakh.
| Lots | Shares | Amount | Category |
|---|---|---|---|
| 1 | 240 | ₹1,23,600 | Retail |
| 2 | 480 | ₹2,47,200 | Small HNI |
| 3 | 720 | ₹3,70,800 | Small HNI |
| 4 | 960 | ₹4,94,400 | Small HNI |
| 5 | 1200 | ₹6,18,000 | Small HNI |
| 6 | 1440 | ₹7,41,600 | Small HNI |
| 8 | 1920 | ₹9,88,800 | Small HNI |
| 9 | 2160 | ₹11,12,400 | Big HNI |
What lot size and price band mean
The lot size is the smallest number of shares you can bid for, and bids go up in whole lots. The price band is the range within which you can bid; most IPOs end up priced at its top.
Retail applicants can bid at the cut-off price, which means accepting whatever the final price is. The amount blocked is calculated at the top of the band.
Questions
What is the Narmadesh Brass Industries IPO lot size?
240 shares per lot.
What is the minimum investment in the Narmadesh Brass Industries IPO?
₹1,23,600: one lot of 240 shares at the upper price band.
How many lots can a retail investor apply for in Narmadesh Brass Industries?
Up to 1 lot (₹1,23,600); one more lot would pass the ₹2 lakh retail limit.
What is the minimum HNI application in Narmadesh Brass Industries?
2 lots, ₹2,47,200.
What is the Narmadesh Brass Industries IPO price band?
₹515.
Learn more
- Lot size and price band explained
- How many lots to apply for
- The cut-off price
- What is the HNI category?
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Track your family’s Narmadesh Brass Industries applications free — allotment checked at the registrar and emailed to you.
Information, not investment advice. GMP is an unofficial grey-market indicator; figures come from public sources (InvestorGain) and may be late or wrong. Not registered with or affiliated to SEBI, the exchanges, the registrars or InvestorGain.