Brandman Retail IPO
GMP, Subscription, Price, Dates & Financial Details
Retailing
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…
Open Date
Wed, 04 Feb 2026
Close Date
Fri, 06 Feb 2026
Price Band
₹ 167 – 176
Lot Size
800
Issue Size
₹ 86.00 Cr
Minimum Investment
₹ 281,600 (1600 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Brandman Retail IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹86.00 Crore.
The Brandman Retail IPO remained open for subscription from February 04, 2026, to February 06, 2026. The basis of allotment was finalized on February 09, 2026, and the company's shares were listed on NSE SME Platform on February 11, 2026.
The company had fixed the price band at ₹167 to ₹176 per share, with a lot size of 800 shares. Retail investors were required to make a minimum investment of ₹281,600 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Gretex Corporate Services Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Brandman Retail Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Brandman Retail IPO Timeline (Tentative)
- IPO Open Date
- Wed, 04 Feb 26
- IPO Close Date
- Fri, 06 Feb 26
- Basis of Allotment
- Mon, 09 Feb 26
- Initiation of Refunds
- Tue, 10 Feb 26
- Credit of Shares to Demat
- Tue, 10 Feb 26
- Listing Date
- Wed, 11 Feb 26 — NSE & BSE
Open Date
04 February 2026
Close Date
06 February 2026
Basis Of Allotment
09 February 2026
Listing Date
11 February 2026
IPO Subscription
Check Live Subscription →The Brandman Retail IPO has received bids for 37,27,99,200 shares against 46,46,400 shares offered, resulting in an overall subscription of 80.23x. the NII category is subscribed 203.33x, Retail Investors 93.12x, and QIBs 34.1x. Within the NII category, BNII is subscribed 0x, while SNII is subscribed 0x.
QIB
34.1x
NII
203.33x
BNII
0x
SNII
0x
RII
93.12x
Total
80.23x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 16,27,200 shares, representing 35.02% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 23,20,000 shares (49.93%), while Non-Institutional Investors (NIIs) receive 6,99,200 shares (15.05%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 2,320,000 | 49.93% |
| Non-Institutional | 699,200 | 15.05% |
| Retail Investors | 1,627,200 | 35.02% |
| Total | 4,646,400 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Brandman Retail Limited KPI Information
| 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 |
| Pat Margin % | 20.64 | 15.49 | 6.71 | 0.9 |
Peers Comparison
| 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 |
About Brandman Retail Limited
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.
Brandman Retail IPO Promoters
Mr. Arun Malhotra
Ms. Kavya Malhotra
Ms. kashika Malhotra
Promoters Holding
Holding Pre Issue
93.91%
Holding Post Issue
0.00%
Brandman Retail IPO Objective
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
Brandman Retail Limited Address / Contact Details
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
Brandman Retail IPO Lot Size
The Brandman Retail IPO has a lot size of 800 shares. Retail investors require a minimum investment of ₹2,81,600 by applying for 2 lot (1,600 shares). The maximum application allowed for the retail category is 2 lots (1,600 shares), requiring an investment of ₹2,81,600.
| 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 |
Issue Reservation
- QIB — 49.93%
- NII — 15.05%
- RII — 35.02%
Book Running Lead Managers
- Gretex Corporate Services Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Brandman Retail IPO?
Brandman Retail IPO is a Book-building IPO with a total issue size of ₹86 crore. The Brandman Retail IPO price band is ₹167 to 176 per share. The Brandman Retail IPO subscription opens on Wed, Feb 4, 2026, and closes on Fri, Feb 6, 2026. The Brandman Retail IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Brandman Retail IPO.
When will the Brandman Retail IPO open for subscription?
The Brandman Retail IPO opens on Wed, Feb 4, 2026 and closes on Fri, Feb 6, 2026
What is Brandman Retail IPO Price Band?
Brandman Retail IPO Price Band is ₹167 to 176 per share.
What is Brandman Retail IPO Lot Size?
Brandman Retail IPO lot size is 800 shares, Retail investors need a minimum investment of ₹281600 based on the upper price band
What is the minimum investment for Brandman Retail IPO?
The minimum investment for Brandman Retail IPO is ₹281600, based on one lot of 800 shares at the upper price band of ₹176 per share.
How to apply for Brandman Retail IPO?
Investors can apply for the Brandman Retail IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Feb 6, 2026. The application amount remains blocked until the Brandman Retail IPO allotment is finalized.
What is Brandman Retail IPO Issue Size?
Brandman Retail IPO issue size is ₹86 crores.
What is the Brandman Retail IPO Allotment Date?
Brandman Retail IPO allotment date is Mon, Feb 9, 2026.
Who is the Brandman Retail IPO Registrar?
The registrar for Brandman Retail IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Brandman Retail IPO allotment status, refund processing, and other IPO-related information.
What is the Brandman Retail IPO GMP?
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 9.66% over the issue price.
Who is the Brandman Retail IPO Lead Manager?
The book-running lead managers (BRLMs) for the Brandman Retail IPO are Gretex Corporate Services Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Brandman Retail IPO Red Herring Prospectus (RHP).