Brandman Retail IPO: Day 1 Subscription Live — Key Dates, Price Band & Details

The Brandman Retail Ltd. IPO has opened for public subscription today, 04 February 2026, giving investors a chance to participate in the company’s ₹86.09 crore fresh share sale.

📌 IPO Basics

• IPO Opens for Subscription: 04 February 2026 — Bidding began today. ([turn0view0], [turn0search0]) 
• IPO Closes: 06 February 2026 — Final day to place bids. 
• IPO Allotment Finalisation: 09 February 2026 — Basis of allotment will be declared. ([turn0view0], [turn0search0]) 
• Refunds Initiation: 10 February 2026 — Refunds start for unsuccessful applicants. 
• Shares Credited to Demat: 10 February 2026 — Shares will be credited to allotted investors’ accounts. 
• Expected Listing Date: 11 February 2026 — Shares to debut on the NSE SME (Emerge) platform. 

💰 Price Band & Lot Size

• Price Band: ₹167 – ₹176 per share — Investors can bid within this range. 
• Lot Size: 800 shares per lot — Minimum subscription is typically two lots (1,600 shares). 
• Total Issue Size: ₹86.09 crore — Entirely a fresh issue of 48.91 lakh equity shares.  

📈 Subscription Status (Day 1)

• Up-to-date subscription figures are expected to be released after 10 AM IST today — once exchange and registrar data is updated.
  

📊 Anchor Investor Support

• Anchor Book Subscriptions: Prior to opening, Brandman Retail raised approximately ₹24.49 crore from anchor investors, including Sanshi Fund-I, Founders Collective Fund, Bharat Venture Opportunities Fund, and India Max Investment Fund Ltd., at the upper price band of ₹176 per share. 

🧭 Company Profile & IPO Objective

Brandman Retail Ltd. operates as a retail and distribution platform for premium international brands, focusing on:

• Footwear, Apparel, and Accessories sold via multiple channels including Exclusive Brand Outlets (EBOs) and Multi-Brand Outlets (MBOs).
  The IPO proceeds will primarily be used for: 
• Expansion of retail network by opening new EBOs and MBOs. 
• Working capital requirements for both new and existing outlets. 
• General corporate purposes. 

📍 Grey Market Premium (GMP) Signal

• Unofficial grey market data indicates shares of Brandman Retail are trading around ₹188, suggesting a grey market premium of about 6.8 % over the upper price band of ₹176. This often reflects investor sentiment ahead of listing, though it is not regulated.

📝 What Investors Should Know

• Investors planning to bid should ensure they apply within the price band and meet lot requirements before the close on 06 February 2026. 
• The listing on 11 February 2026 will be closely watched to gauge early market reaction and potential listing gains.