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Brandman Retail Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed NSE SME SME Live Chart
Issue Price
₹176
Per Share
GMP
+₹27
+15.34% Grey Market
Est. Listing
₹203
Expected Price
Min. Application
₹281,600
2 lots × 800 shares
IPO Issue Details
Issue Price / Price Band₹176 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size800 Shares per Lot
Total Issue Size48,91,200 shares (agg. up to ₹86 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 04 Feb 2026
Subscription CloseFri, 06 Feb 2026
Anchor AllotmentTue, 03 Feb 2026
Basis of AllotmentMon, 09 Feb 2026
Initiation of RefundsTue, 10 Feb 2026
Credit of Shares to DematTue, 10 Feb 2026
Listing DateWed, 11 Feb 2026
UPI Mandate Deadline5:00 PM on 06 Feb 2026 (Day 3)
Application & Investment Details
Retail — Min (2 Lots)₹2,81,600 — 1,600 shares
Retail — Max (13 Lots)₹1,830,400 (13 Lots)
HNI — Min (3 Lots)₹4,22,400 — 2,400 shares
EPS (Pre-IPO)₹15.45
EPS (Post-IPO)₹14.21
P/E Ratio (Pre-IPO)11.39x
P/E Ratio (Post-IPO)12.38x
Net Offer to Public46,46,400 shares (agg. up to ₹82 Cr)
Reserved for Market Maker2,44,800 shares (agg. up to ₹4 Cr)
Pre-IPO Promoter Holding1,35,65,986 shares
Post-IPO Promoter Holding1,84,57,186 shares
About Brandman Retail Ltd

Established in 2021, Brandman Retail Limited distributes international sports and lifestyle brands.The company operates through four key pillars: distribution, licensing, retail, and e-commerce. It is committed to innovation, customer centricity, and sustainability.The company operates Exclusive Brand Outlets (EBOs) in northern India, including cities like Ahmedabad, Ambala, Dehradun, New Delhi, Jalandhar, Bathinda, Gurugram, Lucknow, and Noida. Each store meets the License Grantee's standards and primarily represents the New Balance brand under a non-exclusive distribution agreement.The company operates two MBOs called "Sneakrz" in Bhatinda and New Delhi and 11 EBOs.The company holds non-exclusive distribution agreements to ensure a diverse, high-quality product range for customers.They sell online through Flipkart, Ajio, and Tata Cliq, fulfilling monthly orders.Competitive Strength:Experienced promoters and professional team.Omni-channel Distribution network.Asset light and Scalable Business Model.Strength comes from strategic locations across North India, ensuring strong market access.Diverse product portfolio and access to global market.Strong Brand Synergy & Growth Potential.Growing Consumer Base & Strong Customer Loyalty.

Objects of the Issue

Brandman Retail Ltd proposes to utilise the net proceeds from the Issue for the following objects:

1
Funding Capital Expenditure for expansion of our New Retail Network by launching 15 Exclusive Brand Outlets (EBOs) and Multi-Brand Outlets (MBOs)
27.90
2
Working Capital Requirements for New EBOs and MBOs
11.78
3
Working Capital Requirements for Existing EBOs and MBOs
267.22
4
General Corporate Expenses
Shareholding & Lock-in
Pre-IPO Promoter Holding 1,35,65,986 shares
Post-IPO Promoter Holding 1,84,57,186 shares
Check AllotmentCheck Status →
Brandman Retail Ltd — Live Price LIVE
₹176.00
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Issue ₹176.00 GMP: +₹27 (+15.34%) Live Price
Quick Facts
GMP Signal🟢 Positive
StatusListed
Issue Price₹176
GMP+₹27
Est. Listing₹203
Lot Size800 shares
Min Amount₹281,600
Listing Date11 Feb 2026
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹176
Listing Date11 Feb 2026
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 244,800 ₹4.31 Cr
TOTAL 4,891,200 100.00% ₹86.09 Cr
* Based on ₹176.00 (upper price band)
Lot Size & Investment Details
Lot Size
800
Shares
Issue Price
₹176.00
Per Share
Min Investment
₹140,800
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 800 ₹140,800
Retail (Max) 13 10,400 ₹1,830,400
sNII (Min) 14 11,200 ₹1,971,200
bNII (Min) 68 54,400 ₹9,574,400
Company Financials — Restated Consolidated (Amount in Rs Cr)
Particulars31 Dec 202531 Mar 202531 Mar 2024
Revenue from Operations 97.21 136.30 123.49
EBITDA 27.02 31.15 12.01
Profit After Tax (PAT) 19.67 20.95 8.27
Net Worth 60.26 29.79 8.84
Total Assets 101.31 84.73 40.49
Reserves & Surplus 46.70 17.04 8.59
Total Borrowings 15.68 11.87 3.53
Key Ratios & Valuation
Issue Price ₹176
Face Value ₹10 Per Share
P/BV N/A
RoE 43.69%
RoCE 36.92%
RoNW 32.64%
PAT Margin (%) 20.64%
EBITDA Margin (%) 28.35%
Debt / Equity 0.26
Company Details
Company
Brandman Retail Ltd
Exchange
NSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
DPT 718-719, 7th Floor DLF Prime Tower Okhla Industrial Area Phase-I, South Delhi, New Delhi, 110020
Book Running Lead Managers
Gretex Corporate Services Ltd
Book Running Lead Manager (BRLM)