Allotment

Brandman Retail IPO is a book-built issue aggregating ₹86.09 crore. The IPO consists entirely of a fresh issue of 0.49 crore equity shares.
The IPO will open for subscription on February 4, 2026, and close on February 6, 2026. The allotment of shares is expected to be finalized on February 9, 2026, and the company is tentatively scheduled to list on the NSE SME platform on February 11, 2026.
The price band for the Brandman Retail IPO has been fixed at ₹167 to ₹176 per share. The lot size is 800 shares per application.
Retail investors are required to apply for a minimum of 2 lots (1,600 shares), amounting to ₹2,81,600 at the upper price band.
HNI investors must apply for a minimum of 3 lots (2,400 shares), with an investment value of ₹4,22,400.
Gretex Corporate Services Ltd. is the book-running lead manager to the issue, while Bigshare Services Pvt. Ltd. is acting as the registrar. The market makers for the IPO are Gretex Share Broking Pvt. Ltd. and Shree Bahubali Stock Broking Ltd.
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| IPO Date | 11 Feb |
| IPO Listing Date | 11 Feb |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹176.00 |
| IPO Issue Size | 48,91,200 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | NSE SME Platform |
| Share Holding Pre Issue | 1,35,65,986 shares |
| IPO Open Date | 4 Feb |
| IPO Close Date | 6 Feb |
| IPO Allotment (Tentative) | 9 Feb |
| Refunds | 10 Feb |
| Credit to Demat Account | 10 Feb |
| IPO Listing Date | 11 Feb |
| Category | Offer |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 35% of the Net Issue |
| Retail Shares Offered | Not Less than 15% of the Net Issue |
Investors can apply for a minimum of 1,600 shares and thereafter in multiples of 800 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,600 | ₹2,81,600 |
| 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 |
Established in 2021, Brandman Retail Limited is engaged in the distribution of international sports and lifestyle brands. The company operates through four core verticals—distribution, licensing, retail, and e-commerce—with a strong focus on innovation, customer centricity, and sustainability.
Brandman Retail operates Exclusive Brand Outlets (EBOs) across northern India, including key cities such as Ahmedabad, Ambala, Dehradun, New Delhi, Jalandhar, Bathinda, Gurugram, Lucknow, and Noida. All EBOs are operated in accordance with the License Grantee’s standards and predominantly retail the New Balance brand under a non-exclusive distribution agreement.
In addition, the company operates two Multi-Brand Outlets (MBOs) under the brand name “Sneakrz” located in Bathinda and New Delhi, along with a total of 11 EBOs.
The company holds non-exclusive distribution agreements, enabling it to offer a diverse and high-quality product portfolio to its customers. Brandman Retail also has a strong online presence, selling through leading e-commerce platforms such as Flipkart, Ajio, and Tata Cliq, with regular monthly order fulfillment.
Competitive Strengths
Experienced promoters and a professional management team
Omni-channel distribution network
Asset-light and scalable business model
Strategic presence across North India, ensuring strong market access
Diverse product portfolio with access to global brands
Strong brand synergy and growth potential
Expanding consumer base with strong customer loyalty
| Assets | 101.31 | 84.73 | 40.49 |
| Total Income | 97.21 | 136.3 | 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 | 46.7 | 17.04 | 8.59 |
| Total Borrowing | 15.68 | 11.87 | 3.53 |
| ROE | 43.69% |
| ROCE | 36.92% |
| Debt/Equity | 0.26 |
| RoNW | 32.64% |
| PAT Margin | 20.64% |
| EBITDA Margin | 28.35% |
| Price to Book Value | - |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 27.9 |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Brandman Retail Ltd. Address
DPT 718-719,
7th Floor DLF Prime Tower
Okhla Industrial Area Phase-I,
South Delhi, New Delhi, 110020
011-46052323
info@brandmanretail.com
https://brandmanretail.com/
IPO Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
ipo@bigshareoline.com
https://ipo.bigshareonline.com/IPO_Status.html