| IPO Date | February 4, 2026 to February 6, 2026 |
| Listing Date | February 11, 2026 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 167 to ₹ 176 / Share |
| Lot Size | 800 Shares |
| Total Issue Size | 4891200 (Aggregating up to 86 ) |
| Fresh Issue | 4646400 (Aggregating up to 82 ) |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13565986 |
| Share holding post issue | 18457186 |
| Market Maker portion |
Brandman Retail IPO opens on February 4, 2026, and closes on February 6, 2026.
| IPO Open Date | February 4, 2026 |
| IPO Close Date | February 6, 2026 |
| Basis of Allotment | February 9, 2026 |
| Initiation of Refunds | February 10, 2026 |
| Credit of Shares to Demat | February 10, 2026 |
| Listing Date | February 11, 2026 |
| Cut-off time for UPI mandate confirmation | -- |
Investors can bid for a minimum of 1,600 shares and in multiples of 800 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,600 | Rs.281,600 |
| Retail (Max) | 2 | 1,600 | Rs.281,600 |
| S-HNI (Min) | 3 | 2,400 | Rs.422,400 |
| S-HNI (Max) | 7 | 5,600 | Rs.985,600 |
| B-HNI (Min) | 8 | 6,400 | Rs.1,126,400 |
| HNI (Min) |
| Share Holding Pre Issue | 13565986 |
| Share Holding Post Issue | 18457186 |
Brandman Retail IPO comprises a total issue size of 48,91,200 shares. The net offer to the public is 46,46,400 shares, after excluding 2,44,800 shares allotted on a firm basis. Of the Net offer 23,20,000 (49.93%) are allocated to QIB, 6,99,200 (15.05%) allocated to NII 16,27,200 (35.02%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1392000 |
28.46 |
| Market Maker Shares Offered | 244800 |
5.00 |
| Other Shares Offered | |
|
| QIB Shares Offered | 2320000 49.93 |
47.43 |
| NII (HNI) Shares Offered | 699200 15.05 |
14.30 |
| bNII > ₹10L | 466400 |
9.54 |
| sNII < ₹10L | 232800 |
4.76 |
| Retail Shares Offered | 1627200 35.02 |
33.27 |
| Employee Shares Offered | |
|
| Total Shares Offered | 4891200 100.00 |
Brandman Retail IPO raises ₹24.50 crore from anchor investors. Brandman Retail IPO Anchor bid date is February 3, 2026.
| Bid Date | 2026-02-03 |
| Shares Offered | 1392000 |
| Anchor Portion Size (In Cr.) | 24.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 10, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 9, 2026 |
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:
| KPI | Values |
|---|---|
| ROE | 43.69 |
| ROCE | 36.92 |
| Debt/Equity | 0.26 |
| RoNW | 32.64 |
| P/BV | 7.53 |
| PAT Margin (%) | 20.64 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 15.45 | 14.21 |
| P/E (x) | 11.39 | 12.38 |
Arun Malhotra, Kavya Malhotra and kashika Malhotra
Brandman Retail Ltd. Address DPT 718-719 7th Floor DLF Prime Tower Okhla Industrial Area Phase-I New Delhi, New Delhi, 110020
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