Brandman Retail IPO Details
Brandman Retail IPO Summary

Brandman Retail IPO opens for subscription on 04 Feb 2026 and closes on 06 Feb 2026.The IPO will be listed on NSE with the tentative listing date set for 11 Feb 2026.
Brandman Retail IPO price band has been fixed at ₹167 – ₹176 per share. The face value is ₹10 per share with a lot size of 800.
Brandman Retail IPO total issue size comprises 48,91,198 shares (aggregating up to ₹86.09 Cr). This includes a fresh issue of 48,91,200 shares (aggregating up to ₹86.09 Cr). Pre-issue shareholding stands at 1,35,65,986, which will increase to 1,84,57,186 post-issue.
Brandman Retail IPO carries a ₹17 (9.66%) GMP, reflecting investor sentiment.
Brandman Retail IPO Lot Size :Individual Minimum is 2 lots (1,600 shares) amounting to ₹281,600. Individual Maximum is 2 lots (1,600 shares) amounting to ₹281,600. SHNI Minimum is 3 lots (2,400 shares) amounting to ₹422,400. SHNI Maximum is 7 lots (5,600 shares) amounting to ₹985,600. BHNI Minimum is 8 lots (6,400 shares) amounting to ₹1,126,400.
The Lead Managers for Brandman Retail IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Gretex Corporate Services Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Gretex Share Broking Pvt Ltd, Shree Bahubali Stock Broking. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Brandman Retail Limited RHP.
Brandman Retail IPO Details
Brandman Retail IPO Subscription
Brandman Retail IPO Application Wise Breakup
Brandman Retail IPO Dates
- 04 Feb 2026Opening dateOpen
- 06 Feb 2026Closing dateClose
- 09 Feb 2026Allotment Date Allotment
- 10 Feb 2026Initiation of RefundsRefund
- 10 Feb 2026Credit of SharesCredit
- 11 Feb 2026Listing dateListing
Brandman Retail IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 1600 | ₹281,600 |
| Individual Maximum | 2 | 1600 | ₹281,600 |
| SHNI Minimum | 3 | 2400 | ₹422,400 |
| SHNI Maximum | 7 | 5600 | ₹985,600 |
| BHNI Minimum | 8 | 6400 | ₹1,126,400 |
Brandman Retail IPO Reservation
Promoter Holding
Documents
Brandman Retail IPO Valuations
Brandman Retail Financial Information
| 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 |
| Amount in ₹ Crore | |||
About Brandman Retail IPO
Established in 2021, Brandman Retail Limited is engaged in the distribution, licensing, retail, and e-commerce of international sports and lifestyle brands. The Company operates through four core pillars: distribution, licensing, retail, and e-commerce, with a focus on innovation, customer centricity, and sustainability.
The Company operates 11 Exclusive Brand Outlets (EBOs) across northern India, including Ahmedabad, Ambala, Dehradun, New Delhi, Jalandhar, Bathinda, Gurugram, Lucknow, and Noida. These outlets primarily represent the New Balance brand under a non-exclusive distribution agreement.
In addition, Brandman Retail Limited operates two Multi-Brand Outlets (MBOs) under the brand name “Sneakrz” in Bathinda and New Delhi. The Company holds non-exclusive distribution agreements, enabling a diversified and high-quality product offering.
The Company also sells its products online through leading e-commerce platforms including Flipkart, AJIO, and Tata Cliq, fulfilling monthly customer orders and supporting its omni-channel strategy.
Through its integrated physical retail and digital distribution network, Brandman Retail Limited caters to customers seeking premium international sports and lifestyle products.
Strength Of Brandman Retail IPO
- Experienced Promoters and Management Team.
- Long standing relationships with customers.
- Efficient operational team.
- Consistent financial performance.
- Scalability due to scarcity in supply.
Risk Of Brandman Retail IPO
- Its company's success relies on brand recognition and reputation. Failures to maintain or strengthen the image of the brands the company operate may significantly impact its business, financial stability, and operational results.
- Its operations are significantly dependent on the company ability to successfully identify customer requirement and Preferences and gain customer acceptance for its own and licensed brand.
- The company tops 10 customers contribute approximately 3.28% and 22.7% of its revenues for the financial year ending March 31, 2024 and six months ended September 30, 2024 respectively. Any loss of business from one or more of them may adversely affect the company revenues and profitability.
- The company has experienced negative cash flows from operations in the recent past, and it may have negative cash flows in the future.
- The Company has availed unsecured loans which are repayable on demand. Any demand from lenders for repayment of such unsecured loans, may adversely affect its cashflow.
- Its insurance coverage may not be adequate to protect it against certain operating hazards and this may have a material adverse effect on the company business.
- The company has in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.
- Its faces competition in our business from domestic and international brands. Such competition would have an adverse impact on the company business and financial performance.
- Its Promoters and Directors have provided personal guarantees for financing facilities availed by the Company and may in the future provide additional guarantees and any failures or default by the Company to repay such facilities in accordance with the terms and conditions of the financing agreements could trigger repayment obligations on them, which may impact their ability to effectively service their obligations as its Promoters and Directors and thereby, adversely impact .
- Its Promoters and the Promoter Group will jointly continue to retain majority shareholding in the Company after the Issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
Objectives Brandman Retail IPO
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 Expenses
Company Contact Details
Brandman Retail Ltd.
DPT 718-719,
7th Floor DLF Prime Tower
Okhla Industrial Area Phase-I,
South Delhi, New Delhi, 110020
Phone: 011-46052323
Email: info@brandmanretail.com
Website: https://brandmanretail.com/
Registrar Contact Details
Brandman Retail FAQs
The Brandman Retail IPO is a SME public issue comprising 4891198 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹86.09 Cr. The issue price has been fixed at ₹176 per equity share, and the minimum application size is 800 shares.
The IPO opens for subscription on 04 Feb 2026, and closes on 06 Feb 2026.
Bigshare Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE
As of now, the current GMP stands at ₹17 (9.66%).

