Brandman Retail IPO
Open SmeCurrent GMP
₹17 (+9.66%)
Price Band
₹ 167 – 176
Lot Size
800
Issue Size
₹86 Cr
Minimum Investment
₹281600 (1600 Shares)
Listing Date
11 February 2026
Subscription
80.23x
About the Company
Established in 2021, Brandman Retail Limited is a distributor of international sports and lifestyle brands. The company operates across four key verticals: distribution, licensing, retail, and e-commerce, with a strong focus on innovation, customer centricity, and sustainability.
Brandman Retail Limited operates 11 Exclusive Brand Outlets (EBOs) across northern India, including Ahmedabad, Ambala, Dehradun, New Delhi, Jalandhar, Bathinda, Gurugram, Lucknow, and Noida. Each outlet is designed and operated in strict compliance with the License Grantee’s brand standards and primarily represents the New Balance brand under a non-exclusive distribution agreement.
In addition, the company operates two Multi-Brand Outlets (MBOs) under the name “Sneakrz”, located in Bathinda and New Delhi, offering a curated selection of premium footwear and lifestyle products.
Brandman Retail Limited also maintains a strong digital presence, selling through leading e-commerce platforms such as Flipkart, AJIO, and Tata CLiQ, with consistent monthly order fulfillment. Its non-exclusive distribution model enables the company to offer a diverse, high-quality product portfolio tailored to evolving customer preferences.
Promoters
Mr. Arun Malhotra
Ms. Kavya Malhotra
Ms. kashika Malhotra
Promoters Holding
Holding Pre Issue
93.91%
Holding Post Issue
0.00%
Objects of the Issue
The Company Brandman Retail IPO proposes to utilise the Net Proceeds from the Issue towards the following object.
- Funding Capital Expenditure for expansion of our New Retail Network by launching 15 Exclusive Brand Outlets (EBOs) and Multi-Brand Outlets (MBOs)
- Working Capital Requirements for New EBOs and MBOs
- Working Capital Requirements for Existing EBOs and MBOs
- General Corporate Expenses
Address / Contact Info
Brandman Retail Ltd.
DPT 718-719,
7th Floor DLF Prime Tower
Okhla Industrial Area Phase-I,
South Delhi, New Delhi, 110020
Phone: 011-46052323
Email: info@brandmanretail.com
Website: https://brandmanretail.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 04 February 2026
IPO Close Date
Friday, 06 February 2026
Basis of Allotment
Monday, 09 February 2026
Initiation of Refunds
Tuesday, 10 February 2026
Credit of Shares to Demat
Tuesday, 10 February 2026
Listing Date
Wednesday, 11 February 2026 — NSE & BSE
Important Dates
Open Date
04 February 2026
Close Date
06 February 2026
Basis Of Allotment
09 February 2026
Listing Date
11 February 2026
Financial Performance (₹ in Crores)
| Particular | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 101.31 | 84.73 | 40.49 |
| Revenue | 97.21 | 136.3 | 123.49 |
| Profit After Tax | 19.67 | 20.95 | 8.27 |
| Net Worth | 60.26 | 29.79 | 8.84 |
| Reserve & Surplus | 46.7 | 17.04 | 8.59 |
| Total Borrowings | 15.68 | 11.87 | 3.53 |
EPS Pre
15.45%
EPS Post
14.21%
P/E Pre
11.39
P/E (Post Issue)
12.38x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 43.69 | 108.47 | 175.92 | 106.76 |
| ROCE % | 36.92 | 70.48 | 93.22 | 28.03 |
| Debt / Equity | 0.26 | 0.4 | 0.4 | 2.91 |
| RoNW % | 32.64 | 70.33 | 93.6 | 73.32 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 20.64 | 15.49 | 6.71 | 0.9 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 2320000 | 49.93 | 0 |
| Non-Institutional | 699200 | 15.05 | 0 |
| Retail Investors | 1627200 | 35.02 | 0 |
| Total | 4646400 | 100 | 0 |
Subscription Status ( Fri, 06 Feb 26 01:52 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 2320000 | 79104800 | 34.1x |
| Non-Institutional | 699200 | 142171200 | 203.33x |
| BNII | 0 | 116130400 | 0x |
| SNII | 0 | 26040800 | 0x |
| Retail Investors | 1627200 | 151523200 | 93.12x |
| Total | 4646400 | 372799200 | 80.23x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Brandman Retail Limited | 10 | 0.00 | 16.43 | 16.43 | 70.33 | 23.37 |
| Redtape Limited | 2 | 47.39 | 3.08 | 3.08 | 21.55 | 14.27 |
| Bata India Limited | 5 | 47.41 | 25.73 | 25.73 | 20.99 | 122.54 |
| Lehar Footwears Ltd | 10 | 34.59 | 6.15 | 6.15 | 0.00 | 63.60 |
| Liberty Shoes Ltd | 10 | 40.57 | 7.92 | 7.92 | 0.00 | 130.60 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,600 | 281,600.00 |
| Retail (Max) | 2 | 1,600 | 281,600.00 |
| S-HNI (Min) | 3 | 2,400 | 422,400.00 |
| S-HNI (Max) | 7 | 5,600 | 985,600.00 |
| B-HNI (Min) | 8 | 6,400 | 1,126,400.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Gretex Corporate Services Pvt Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Brandman Retail IPO is a Book-building IPO worth ₹86 crores. The price band is ₹167 to 176 per share. The IPO opens on Wed, Feb 4, 2026 and closes on Fri, Feb 6, 2026. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Brandman Retail IPO opens on Wed, Feb 4, 2026 and closes on Fri, Feb 6, 2026
Brandman Retail IPO Price Band is ₹167 to 176.
Brandman Retail IPO lot size is 800, and the minimum amount required for application is ₹281600.
The minimum investment for Brandman Retail IPO is approximately ₹281600 based on the upper price band.
To apply for the Brandman Retail IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Feb 6, 2026. After submission, funds are blocked until the basis of allotment of Brandman Retail IPO is finalised.
Brandman Retail IPO issue size is ₹86 crores.
Brandman Retail IPO allotment date is Sat, Jun 27, 2026.
The registrar for Brandman Retail IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Brandman Retail IPO through their official website or helpline.
The Brandman Retail IPO GMP (Grey Market Premium) is ₹17 as of Wed, Feb 11, 2026. Based on the upper price band of ₹176 per share, the estimated Brandman Retail IPO listing price is ₹193, indicating a potential listing gain of approximately 31% over the issue price.