IPO

Brandman Retail Limited IPO

NSE SME

Listed On: Feb 11, 2026 at ₹ 183.0

₹ 281600 /1600 Shares
*Min Investment

Check Allotment

04 Feb, 2026

Open Date

06 Feb, 2026

Close Date

09 Feb, 2026

Allotment Date

11 Feb, 2026

Listing Date
Expected Premium
+ ₹15-16 (8.52%)

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Brandman Retail IPO Live Subscription Details
View Subscription Details
QIB 85.24x
Individual 93.12x
NIIs 203.33x
BHNI 248.99x
SHNI 111.86x
Individual 93.12x
Total 114.55x
Last updated: 06 Feb 2026, 05:57 PM
Brandman Retail IPO Issue Details
  • Issue Price ₹167-176 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 48,91,200 shares(aggregating up to ₹86.09 crore)
  • Fresh Share 48,91,200 shares(aggregating up to ₹86.09 crore)
  • Listing at NSE SME
  • List Price 183.0
  • Listing Date 2026-02-11
  • Lead Manager Gretex Corporate Services Ltd.
  • Registrar Bigshare Services Pvt.Ltd.
Market Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual (min) 2 1600 ₹2,81,600
Individual(max) 2 1600 ₹2,81,600
SHNI(min) 3 2400 ₹4,22,400
SHNI(max) 7 5600 ₹9,85,600
BHNI(min) 8 6400 ₹11,26,400
Brandman Retail IPO Reservation

Brandman Retail IPO offers total 4891200 shares. Out of which 928000 (18.98%) allocated to QIB, 699200 (14.3%) allocated to NII,1627200 (33.27%) allocated to RII, NA (NA%) allocated to employees and 1392000 (28.42%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 1392000 (28.42%)
Market Maker Shares Offered 244800 (5%)
QIB Shares Offered 928000 (18.98%)
NII (HNI) Shares Offered 699200 (14.3%)
bNII > ₹10L 466400 (9.39%)
sNII < ₹10L 232800 (4.85%)
Individual Shares Offered 1627200 (33.27%)
Total Shares Offered 4891200 (100%)
Brandman Retail IPO Documents
DRHP
RHP
ANCHOR
Brandman Retail IPO Details


Brandman Retail Limited IPO is an SME IPO, priced at ₹167-176 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 48,91,200 equity shares, aggregating up to ₹86.09 crores..

The IPO bidding window is open from Feb 4, 2026 to Feb 6, 2026. The allotment is expected to be finalized on Feb 9, 2026, and the tentative listing date is Feb 11, 2026.

The minimum lot size for Individual investors is 1600 shares, with a minimum investment of ₹2,81,600.

Gretex Corporate Services Ltd. is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt.Ltd., and

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Brandman Retail IPO Subscription Analysis And Details
Retail
93.11x
QIB
85.24x
NII
203.33x
bNII
248.99x
sNII
111.86x
Total
114.55x
As on QIB NII
bNII   sNII 		Individual Total
Shares Offered / Reserved 9,28,000 6,99,200
4,66,400    2,32,800 		16,27,200 32,54,400
Day 1 04-02-26 05:00 PM
0.00 x 1.41 x
1.51 x   1.21 x 		0.85 x 0.73 x
Day 2 05-02-26 05:00 PM
0.01 x 9.70 x
11.46 x   6.17 x 		5.73 x 4.95 x
Day 3 06-02-26 05:00 PM
85.24 x 203.33 x
248.99 x   111.86 x 		93.11 x 114.55 x
Total No of Applications
1,22,586
Subscription on the basis of Applications
Retail:93.11x BHNI:91.15x SHNI:104.43x
Brandman Retail Valuations
EPS Pre IPO ₹15.45/-
EPS Post IPO ₹14.21/-
P/E Pre IPO 11.39
P/E Post IPO 12.38
ROE 108.47%
ROCE 70.48%
Debt/Equity 0.40
RoNW 70.33%
PAT Margin 15.49%
Price to Book Value 7.53
Market Cap. 324.85 Cr.
Brandman Retail Company Financials
In Crs.
In Cr.
31-Dec-25 31-Mar-25 31-Mar-24
Assets 101.31 84.73 40.49
Revenue 97.21 136.30 123.49
Profit After Tax 19.67 20.95 8.27
Net Worth 60.26 29.79 8.84
Reserves & Surplus 46.70 17.04 8.59
Total Borrowing 15.68 11.87 3.53
About Brandman Retail Company

Founded in 2021, Brandman Retail Limited is an international sports and lifestyle brand distributor.

The company has four major pillars: distribution, licensing, retail, and e-commerce. The company is driven by innovation, customer focus, and sustainability.The company has Exclusive Brand Outlets (EBOs) in the northern part of India, including Ahmedabad, Ambala, Dehradun, New Delhi, Jalandhar, Bathinda, Gurugram, Lucknow, and Noida. Each outlet is of the standard required by the License Grantee and is mainly a representation of the New Balance brand under a non-exclusive distribution agreement.
The company has two MBOs named 'Sneakrz' in Bhatinda and New Delhi and 11 EBOs.
The company has non-exclusive distribution agreements to provide a diverse and quality product range to their customers.
They also have online sales through Flipkart, Ajio, and Tata Cliq, which meet their monthly orders.

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Brandman Retail - Promoter(s)

Mr. Arun Malhotra

Ms. Kavya Malhotra

Ms. kashika Malhotra

Pre Issue Share Holding : %

Post Issue Share Holding : %

Brandman Retail IPO - Issue Objectives
1

Funding Capital Expenditure for expansion of our New Retail Network by launching 15 Exclusive Brand Outlets (EBOs) and Multi-Brand Outlets (MBOs)

2

Working Capital Requirements for New EBOs and MBOs

3

Working Capital Requirements for Existing EBOs and MBOs

4

General Corporate Purposes

Contact Details

Brandman Retail

DPT 718-719, 7th Floor, DLF Prime Tower, Okhla Industrial Area Phase-I, South Delhi, New Delhi, 110020

011-46052323

info@brandmanretail.com

https://brandmanretail.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html