Brandman Retail IPO: Brandman Retail’s IPO is a book build issue, the total value of which has been set at ₹86.09 crore. This is entirely a ‘fresh issue’, under which the company is issuing a total of 0.49 crore new shares worth ₹86.09 crore. The subscription process for this IPO has started on February 4, 2026 and investors can submit their bids till February 6, 2026. The process of allotment of shares is expected to be completed by February 9, 2026, while its listing is possible on February 11, 2026 on the NSE SME platform.
From investment point of view, the price band of this IPO has been fixed at ₹ 167 – ₹ 176 per share. The minimum lot size for a retail investor is 800 shares, but for individual investors (retail) the minimum investment required is ₹2,81,600 (1,600 shares) based on the upper price. Whereas for HNI category, minimum investment of 3 lots (2,400 shares) is mandatory, the total amount of which comes to ₹ 4,22,400.
Brandman Retail IPO Overview
Brandman Retail’s IPO is a ‘book built issue’ with a total issue size of ₹86.09 crore. This is a ‘fresh issue’ of entirely 0.49 crore shares, which means the entire amount raised will be used for the company’s expansion and business needs. This IPO will be listed on the NSE SME platform created for small and medium enterprises (SMEs).
| Details | Descriptions |
|---|---|
| IPO Date | 4 to 6 Feb, 2026 |
| Listing Date | Wed, Feb 11, 2026 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹167 to ₹176 |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 48,91,200 shares (agg. up to ₹86 Cr) |
| Reserved for Market Maker | 2,44,800 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 46,46,400 shares (agg. up to ₹82 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,35,65,986 shares |
| Share Holding Post Issue | 1,84,57,186 shares |
Brandman Retail IPO Schedule
The bidding process for investment in this IPO has started from February 4, 2026 and will continue till February 6, 2026. After this, the probable date for allotment of shares has been fixed as February 9. If you are allotted shares, they will be credited to your demat account by February 10 and its listing on the stock exchange is expected to happen on February 11, 2026.
| Details | Description |
|---|---|
| IPO Open Date | Wed, Feb 4, 2026 |
| IPO Close Date | Fri, Feb 6, 2026 |
| Tentative Allotment | Mon, Feb 9, 2026 |
| Initiation of Refunds | Tue, Feb 10, 2026 |
| Credit of Shares to Demat | Tue, Feb 10, 2026 |
| Tentative Listing Date | Wed, Feb 11, 2026 |
| Cut-off time for UPI mandate confirmation | – |
Brandman Retail IPO Lot Size Details
The price band of this IPO for investors has been kept at ₹167 to ₹176 per share. A retail investor must apply for a minimum of 2 lots (1,600 shares) with a total value of ₹2,81,600 at the upper price band. At the same time, a minimum investment limit of 3 lots (2,400 shares) has been fixed for HNI (High Net worth Individuals) category investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1,600 | ₹2,81,600 |
| Individual investors (Retail) (Max) | 2 | 1,600 | ₹2,81,600 |
| S-HNI (Min) | 3 | 2,400 | ₹4,22,400 |
| S-HNI (Max) | 7 | 5,600 | ₹9,85,600 |
| B-HNI (Min) | 8 | 6,400 | ₹11,26,400 |
Brandman Retail IPO Allocation
The shares under the issue have been distributed in different categories to provide opportunities to all types of investors. Of the total offer, about 33.27% shares have been reserved for retail investors. Additionally, 47.43% has been allocated for Qualified Institutional Buyers (QIB) and 14.30% for Non-Institutional Investors (NII/HNI).
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,44,800 (5.00%) |
| QIB Shares Offered | 23,20,000 (47.43%) |
| − Anchor Investor Shares Offered | 13,92,000 (28.46%) |
| − QIB (Ex. Anchor) Shares Offered | 9,28,000 (18.97%) |
| NII (HNI) Shares Offered | 6,99,200 (14.30%) |
| − bNII > ₹10L | 4,66,400 (9.54%) |
| − sNII < ₹10L | 2,32,800 (4.76%) |
| Retail Shares Offered | 16,27,200 (33.27%) |
| Total Shares Offered | 48,91,200 (100.00%) |
Brandman Retail IPO Anchor Investors
| Details | Promoter Holding (%) |
|---|---|
| Bid Date | Tue, Feb 3, 2026 |
| Shares Offered | 13,92,000 |
| Anchor Portion (₹ Cr.) | 24.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Mar 11, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, May 10, 2026 |
Overview of Brandman Retail
Established in 2021, Brandman Retail Limited is active in the field of distribution and retailing of international sports and lifestyle brands. The company operates multi-brand outlets such as “Sneakrz” and several exclusive brand stores. Apart from this, the company also sells its products through major e-commerce platforms like Flipkart, Ajio and Tata Cliq.
Company Financials
Brandman Retail Financial Information (Restated Standalone)
On the financial front, the company has shown excellent performance in the last few years. The company’s net profit (PAT) has increased to ₹20.95 crore in FY 2025 as compared to ₹8.27 crore in FY 2024. As per data as of December 2025, the company’s net worth has reached ₹101.31 crore, indicating its strengthening financial position.
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 101.31 | 84.73 | 40.49 |
| Total Income | 97.21 | 136.30 | 123.49 |
| Profit After Tax | 19.67 | 20.95 | 8.27 |
| EBITDA | 27.02 | 31.15 | 12.01 |
| Net Worth | 60.26 | 29.79 | 8.84 |
| Reserves and Surplus | 46.70 | 17.04 | 8.59 |
| Total Borrowing | 15.68 | 11.87 | 3.53 |
Key Performance Indicator (KPI)
The market cap. of Brandman Retail IPO is ₹324.85 Crores.
KPI as of Mon, Mar 31, 2025, & Dec 31, 2025
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 43.69 | 108.47% |
| ROCE | 36.92% | 70.48% |
| Debt/Equity | 0.26 | 0.40 |
| RoNW | 32.64% | 70.33% |
| PAT Margin | 20.64% | 15.49% |
| EBITDA Margin | 28.35% | 23.02% |
| Price to Book Value | – | 7.53 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 15.45 | 14.21 |
| P/E (x) | 11.39 | 12.38 |
| Promoter Holding | 93.91% | – |
Brandman Retail IPO Objectives
| Objects of the Issue | Expected Amount (₹ in cr.) |
|---|---|
| Funding working capital requirements of the company | 27.90 |
| Funding of Capital expenditure for manufacturing of equipments for Rental purpose. | 11.78 |
| Funding working capital requirements of our company | 267.22 |
| General corporate purposes |
Brandman Retail IPO Contact Details
- Brandman Retail Ltd.
- DPT 718-719,
- 7th Floor DLF Prime Tower
- Okhla Industrial Area Phase-I,
- South Delhi, New Delhi, 110020
- 011-46052323
- info@brandmanretail.com
- Website: https://brandmanretail.com/
Brandman Retail IPO Registrar
Bigshare Services Pvt.Ltd.
| Details | Descriptions |
|---|---|
| Phone: | +91-22-6263 8200 |
| Email: | ipo@bigshareoline.com |
| Website: | https://ipo.bigshareonline.com/IPO_Status.html |
Brandman Retail IPO FAQs
When Brandman Retail IPO become available?
The IPO will open on Wed, Feb 4, 2026.
What is the minimum lot size for the Brandman Retail IPO?
The minimum lot size is 800 shares.
When will the shares for the Brandman Retail IPO be allotted?
The allotment is expected to be finalized on Mon, Feb 9, 2026.
What is the expected listing date for the Brandman Retail IPO?
The tentative listing date is Fri, Wed, Feb 11, 2026.
How can I apply for the Brandman Retail IPO?
You can apply online through your bank or a broker using either the UPI or ASBA payment methods.
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