Brandman Retail IPO
Brandman Retail IPO
Overview
Brandman Retail IPO is a book build issue of 0.49 crore shares. The issue is entirely a fresh issue of shares. Brandman Retail IPO opens for subscription on Feb 4, 2026 and closes on Feb 6, 2026. The allotment for the Brandman Retail IPO is expected to be finalized on Feb 9, 2026. Brandman Retail IPO will list on NSE SME with a tentative listing date fixed as Feb 11, 2026. Brandman Retail IPO price band is set at [.] to [.] per share. Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company areGretex Share Broking Pvt.Ltd., Shree Bahubali Stock Broking Ltd..
Total Shares
48,91,200
Issue Size
₹86 Cr
Price Band
₹167 – ₹176
Lot Size
800 shares
Min. Investment
₹2,81,600
Max. Investment
₹2,81,600
Open Date
04 Feb, 2026
Close Date
06 Feb, 2026
Allotment
09 Feb, 2026
Listing
11 Feb, 2026
Max. Investment
₹2,81,600
Announced
04 Feb, 2026
Opening Date
04 Feb, 2026
Closing Date
06 Feb, 2026
Basis of Allotment
09 Feb, 2026
Initiation of Refunds
10 Feb, 2026
Credit of Shares
10 Feb, 2026
Listing Date
11 Feb, 2026
Live GMP
Est. Listing: ₹204
Apply via UPI in 5 minutes
Choose your broker • Zero commission on IPO
About Brandman Retail IPO
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 Gran
Brandman Retail IPO Share Price
Issue Breakdown
Shareholding
Dilution: 36.1% increase in shares
Brandman Retail IPO Financial Health
Brandman Retail IPO Lot Size
Investors can bid for a minimum of 1,600 shares and in multiples of 800 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1600 | ₹2,81,600 |
| Individual investors (Retail) (Max) | 2 | 1600 | ₹2,81,600 |
| S-HNI (Min) | 3 | 2400 | ₹4,22,400 |
| S-HNI (Max) | 7 | 5600 | ₹9,85,600 |
| B-HNI (Min) | 8 | 6400 | ₹11,26,400 |
(All values in CR)
Brandman Retail IPO Valuations
| Metric | Value |
|---|---|
| ROE | 43.69 |
| ROCE | 36.92 |
| Debt/Equity | 0.26 |
| RoNW | 32.64 |
| PAT Margin | 20.64 |
| EBITDA Margin | 28.35 |
(All values in CR)
Brandman Retail IPO Strength & Risk
Strengths of Brandman Retail IPO
• Operates in retail distribution of international sports and lifestyle brands
• Multi-channel presence across exclusive stores, multi-brand outlets and e-commerce
• Reported revenue growth with improving profitability in recent financials
• Strong brand partnerships support product appeal and market reach
• Omni-channel model helps diversify revenue streams
• Experienced management team with retail and brand execution background
Risks of Brandman Retail IPO
• SME IPOs generally face lower liquidity and higher price volatility
• High dependence on a few key brand partnerships
• Business sensitive to consumer spending and fashion trends
• Intense competition from larger retail and online players
• Execution risk in store expansion and cost management
Brandman Retail IPO Subscriptions Status
Brandman Retail IPO subscribed 9.78 times. The public issue subscribed 10.71 times in the individual investors category, 0.01 times in QIB (Ex Anchor), and 20.62 times in the NII category by February 6, 2026 10:39:02 AM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 13,92,000 | 13,92,000 | 24.5 |
| Market Maker | 1.00 | 2,44,800 | 2,44,800 | 4.31 |
| QIB (Ex Anchor) | 0.01 | 23,20,000 | 6,400 | 0.11 |
| NII | 20.62 | 6,99,200 | 1,44,16,800 | 253.74 |
| bNII (> ₹10L) | 25.06 | 4,66,400 | 1,16,88,000 | 205.71 |
| sNII (< ₹10L) | 11.72 | 2,32,800 | 27,28,800 | 48.03 |
| Individual Investors | 10.71 | 6,99,200 | 1,74,20,800 | 306.61 |
| Total | 9.78 | 6,99,200 | 3,18,44,000 | 560.45 |
Brandman Retail IPO GMP
Brandman Retail SME IPO last GMP is ₹28, last updated Feb 6th 2026 11:01 AM. With the price band of 176.00, Brandman Retail SME IPO's estimated listing price is ₹204 (cap price + today's GMP).The expected percentage gain/loss per share is 15.91%. >> Brandman Retail SME IPO Retail Subject to Sauda: ₹17000 The lowest GMP is ₹0.00, while the highest GMP is ₹28.00.
Last updated 06 Feb, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 06 Feb, 2026 | 176 | ₹28▲ | 17000 | ₹204 (15.91%) | 22400 | 06 Feb, 2026 |
| 05 Feb, 2026 | 176 | ₹26▲ | 15800 | ₹202 (14.77%) | 20800 | 05 Feb, 2026 |
| 04 Feb, 2026 | 176 | ₹24▲ | 14600 | ₹200 (3.64%) | 19200 | 04 Feb, 2026 |
| 03 Feb, 2026 | 176 | ₹12▲ | 7300 | ₹188 (6.82%) | 9600 | 03 Feb, 2026 |
| 02 Feb, 2026 | 176 | ₹0 | - | ₹176 (0.00%) | - | 02 Feb, 2026 |
| 01 Feb, 2026 | 0 | ₹0 | - | ₹ (0.00%) | - | 01 Feb, 2026 |
| 31 Jan, 2026 | 0 | ₹0 | - | ₹ (%) | - | 31 Jan, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Brandman Retail IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Brandman Retail IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.