Brandman Retail, GMP IPO Date, Review, Price, Allotment Details IPO
Brandman Retail IPO Summary
IPO Open Date: 04 Feb 2026
IPO Close Date: 06 Feb 2026
Price Band: ₹167 to ₹176 Per Share
Issue Size: Approx ₹86.09 Crores
Listing Exchange: NSE SME
Website: https://brandmanretail.com
Brandman Retail IPO Overview
Brandman Retail IPO is a book build issue of ₹86.09 crores. The issue is entirely a fresh issue of 0.49 crore shares of ₹86.09 crore.
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 ₹167 to ₹176 per share. The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹2,81,600 (1,600 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (2,400 shares), amounting to ₹4,22,400.
Brandman Retail IPO Details
| Company Name | Brandman Retail Ltd. |
| IPO Open Date | 04 Feb 2026 |
| IPO Close Date | 06 Feb 2026 |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹167 to ₹176 Per Share |
| Issue Size | Approx ₹86.09 Crores |
| Fresh Issue | Approx ₹86.09 Crores |
| Offer for Sale | Approx [.] Equity Shares |
| Issue Type | Book build Issue |
| Listing On | NSE SME |
Brandman Retail IPO Market Lot
The Brandman Retail IPO minimum market lot is 1,600 shares with ₹2,81,600 application amount.
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 1,600 | ₹2,81,600 |
| Retail Maximum | 2 | 1,600 | ₹2,81,600 |
| S-HNI Minimum | 3 | 2,400 | ₹4,22,400 |
| S-HNI Maximum | 7 | 5,600 | ₹9,85,600 |
| B-HNI Minimum | 8 | 6,400 | ₹11,26,400 |
Brandman Retail IPO Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII / HNI | – Shares | 15% |
| Retail | – Shares | 35% |
Anchor Bidding Date: 03 Feb 2026
Anchor Issue Size: 24.50 Cr.
30 Days Lock-in: 11 Mar 2026
90 Days Lock-in: 10 May 2026
Brandman Retail IPO Dates & Allotment
The Brandman Retail IPO date is February 4 and the close date is February 6. The Brandman Retail IPO allotment will be finalized on February 9 and the IPO listing on February 11.
| IPO Opening Date | 04 Feb 2026 |
| IPO Closing Date | 06 Feb 2026 |
| Bidding Cutoff Time | 5 PM |
| Basis of Allotment | 09 Feb 2026 |
| Refunds Initiation | 10 Feb 2026 |
| Credit to Demat | 10 Feb 2026 |
| IPO Listing Date | 11 Feb 2026 |
Brandman Retail IPO Objects of the Issue & Utilization of Proceeds
| Description | Amount |
|---|---|
| Funding Capital Expenditure for expansion of our New Retail Network by launching 15 Exclusive Brand Outlets (EBOs) and Multi-Brand Outlets (MBOs) | ₹27.90 |
| Working Capital Requirements for New EBOs and MBOs | ₹11.78 |
| Working Capital Requirements for Existing EBOs and MBOs | ₹267.22 |
| General Corporate Expenses | – |
Brandman Retail Ltd. Financials
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹123.49 | ₹112.34 | ₹8.27 | ₹40.49 |
| 2025 | ₹136.30 | ₹107.97 | ₹20.95 | ₹84.73 |
| Dec 2025 | ₹97.21 | ₹70.68 | ₹19.67 | ₹101.31 |
Brandman Retail IPO Valuation
Check Brandman Retail IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Parameter | Value |
|---|---|
| Earnings Per Share (EPS) | ₹16.43 (Basic) |
| P/E Ratio | N/A |
| Return on Equity (ROE) | 108.47% |
| Return on Capital Employed (ROCE) | 75.08% |
| Return on Net Worth (RoNW) | 70.33% |
| Net Asset Value (NAV) | ₹23.37 |
| EBITDA Margin | 23.02% |
| PAT Margin | 15.49% |
| Debt to Equity Ratio | 0.40 |
Brandman Retail IPO Peer Group Comparison
| Company | EPS | P/E | RoNW % | NAV | Total Income |
|---|---|---|---|---|---|
| Redtape Limited | 3.08 | 47.39 | 21.55% | 14.27 | 2,020.91 Cr. |
| Bata India Limited | 25.73 | 47.41 | 20.99% | 122.54 | 3,488.79 Cr. |
| Lehar Footwears Limited | 6.15 | 34.59 | 9.67% | 63.6 | 277.21 Cr. |
| Liberty Shoes Limited | 7.92 | 40.57 | 6.09% | 130.6 | 675.48 Cr. |
Brandman Retail IPO Promoters & Holding Pattern
The promoters of the company are Mr. Arun Malhotra, Ms. Kavya Malhotra, and Ms. kashika Malhotra.
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,35,65,986 | 93.91% |
| Promoter Holding Post Issue | 1,84,57,186 | -% |
Brandman Retail IPO Lead Managers (Merchant Bankers)
- Gretex Corporate Services Ltd.
About Brandman Retail Ltd.
Brandman Retail Limited is a premier Indian retail and distribution powerhouse specializing in the footwear and lifestyle apparel segments. The company serves as a strategic partner for global athletic brands, most notably New Balance, facilitating their expansion across the Indian market through curated retail experiences and robust supply chain logistics. With a commitment to excellence, Brandman Retail continues to strengthen its presence in the high-growth premium sports and casual wear sectors.
Brandman Retail Ltd. Address
South Delhi, New Delhi, 110020Phone: 011-46052323
Email: [email protected]
Brandman Retail IPO Registrar
Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/IPO_Status.html