Narmadesh Brass Industries, a Gujarat-based manufacturer, will launch its Rs 44.8-crore SME IPO on January 12, concluding January 15. The offering includes fresh shares and an offer for sale, priced at Rs 515 per share. Proceeds will fund debt repayment, machinery purchase, and working capital. The company reported Rs 87.72 crore in revenue and Rs 5.66 crore in profit after tax. Shares are slated to list on the BSE SME platform around January 20.