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