What is the GMP of Brandman Retail IPO today?

The Grey Market Premium (GMP) for Brandman Retail IPO is currently ₹17. With an upper price band of ₹176, the estimated listing price is ₹193 per share, reflecting an expected listing gain of ~9.66%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Brandman Retail IPO?

The price band for Brandman Retail IPO is ₹167 to ₹176 per equity share. The minimum lot size is 800 shares, which requires a minimum retail application investment of ₹1,40,800.

What are the important dates for Brandman Retail IPO?

Brandman Retail IPO opens for subscription on 2026-02-04T00:00:00 and closes on 2026-02-06T00:00:00. The basis of allotment is scheduled for 2026-02-09T00:00:00, and shares are expected to list on 2026-02-11T00:00:00 on BSE, NSE.

How can I check the allotment status for Brandman Retail IPO?

You can check Brandman Retail IPO allotment status on the registrar's official portal (Bigshare Services Pvt Ltd) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Brandman Retail IPO?

Investors can apply for Brandman Retail IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Brandman Retail IPO open and close?

The IPO opens on 4 Feb 2026, and closes on 6 Feb 2026.

What is Brandman Retail IPO price band?

The issue price band is ₹167.00 to ₹176.00 per equity share.

What is the Brandman Retail IPO lot size?

The minimum lot size is 800 shares per application.

What is the Brandman Retail IPO allotment date?

The allotment is scheduled on 9 Feb 2026.

Brandman Retail IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

86.09 Cr

Price Band

₹167.00 - ₹176.00

Lot Size

800 Shares

Min Investment

₹2,81,600

GMP

₹17

Subscription

114.48x

₹6,556.90 Cr

04 Feb 2026

IPO Opens

COMPLETED

06 Feb 2026

IPO Closes

COMPLETED

09 Feb 2026

Basis of Allotment

COMPLETED

10 Feb 2026

Refunds

COMPLETED

10 Feb 2026

Demat Credit

COMPLETED

11 Feb 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

04 Feb 2026

IPO ClosesDONE

06 Feb 2026

Basis of AllotmentDONE

09 Feb 2026

RefundsDONE

10 Feb 2026

Demat CreditDONE

10 Feb 2026

ListingDONE

11 Feb 2026

About Brandman Retail IPO

Brandman Retail IPO open date is February 4, 2026 and the IPO will close on February 6, 2026. Brandman Retail IPO is a Bookbuilding IPO Issue. The company to raise around ₹86.09 crores via IPO that comprises fresh issue of ₹86.09 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Brandman Retail IPO price band is ₹167 to ₹176 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Brandman Retail IPO to list on NSE SME on February 11, 2026. The allotment of Brandman Retail IPO date is February 9, 2026.

The company reported revenue of ₹136.30 crores in 2025 against ₹123.49 crores in 2024. The company reported profit of ₹20.95 crores in 2025 against profit of ₹8.27 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.

IPO Details

Brandman Retail IPO Details and Specifications
IPO Date	04 Feb 2026 to 06 Feb 2026
Face Value	₹10 Per Share
Price Band	₹167.00 - ₹176.00
Lot Size	800 Shares
Total Issue Size	Approx 86.09 Cr 48,91,200 Equity Shares
Fresh Issue	Approx 86.09 Cr 48,91,200 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	35.02%
Sale Type	Fresh Issue
Issue Type	Book-Building IPO
Listing Date	11 Feb 2026
Listing At	NSE
Total Subscription Amount	₹6,556.90 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	23,20,000	49.93%
- Anchor	13,92,000	0.00%
- QIB (Ex. Anchor)	9,28,000	0.00%
NII	6,99,200	15.05%
- bNII > ₹10L	4,66,400	0.00%
- sNII < ₹10L	2,32,800	0.00%
Retail	16,27,200	35.02%
Total	46,46,400	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	2	1,600	₹2,81,600
Individual investors (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

About Company

Brandman Retail, founded in 2021, sells international sports and lifestyle brands. The company runs via 4 main segments: distribution, licensing, retail, and e-commerce. Its product portfolio includes a wide range of footwear, apparel, accessories & equipment.

The company operates various Exclusive Brand Outlets (EBOs) across India, such as Ahmedabad, Ambala, Dehradun, New Delhi, Jalandhar, Bathinda, Gurugram, Lucknow, and Noida. Moreover, under the brand name Sneakrz, the company runs 2 Multi-Brand Outlets (MBOs) in Bathinda and New Delhi, as well as 11 Exclusive Brand Outlets. The firm sells its products via various e-commerce websites, Flipkart, Ajio, and Tata Cliq. The main motive of the Brandam retail is to offer innovation, sustainability, and a customer-centric approach.

Contact Details

Brandman Retail Ltd.

DPT 718-719,

7th Floor DLF Prime Tower

Okhla Industrial Area Phase-I,

South Delhi, New Delhi, 110020

011-46052323

info@brandmanretail.com

Visit Website

Registrar

Bigshare Services Pvt Ltd

+91-22-6263 820

ipo@bigshareoline.com

Lead Managers

Gretex Corporate Services Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
11-Feb-2026 09:30 AM	+₹17	₹193	+9.66%	₹13,600
10-Feb-2026 09:30 AM	+₹11	₹187	+6.25%	₹8,800
09-Feb-2026 09:30 AM	+₹20	₹196	+11.36%	₹16,000
07-Feb-2026 09:30 AM	+₹25	₹201	+14.20%	₹20,000
06-Feb-2026 09:30 AM	+₹26	₹202	+14.77%	₹20,800
05-Feb-2026 09:30 AM	+₹18	₹194	+10.23%	₹14,400
04-Feb-2026 09:30 AM	+₹0	₹176	+0.00%	₹0
03-Feb-2026 09:30 AM	+₹0	₹176	+0.00%	₹0
02-Feb-2026 09:30 AM	+₹0	₹176	+0.00%	₹0

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	85.24x	9,28,000	7,91,04,800	₹1,392.24 Cr
NII	202.98x	6,99,200	14,19,26,400	₹2,497.90 Cr
bNII > ₹10L	248.47x	4,66,400	11,58,85,600	₹2,039.59 Cr
sNII < ₹10L	111.86x	2,32,800	2,60,40,800	₹458.32 Cr
Retail	93.12x	16,27,200	15,15,20,000	₹2,666.75 Cr
Total	114.48x	32,54,400	37,25,51,200	₹6,556.90 Cr

Objects of the Issue

01 Funding Capital Expenditure for expansion of our New Retail Network by launching 15 Exclusive Brand Outlets (EBOs) and Multi-Brand Outlets (MBOs) : 27.90 Cr
02 Working Capital Requirements for New EBOs and MBOs : 11.78 Cr
03 Working Capital Requirements for Existing EBOs and MBOs : 26.72 Cr
04 General Corporate Expenses : 8.16 Cr
05 Issue Expenses : 11.52 Cr

Company Financials

Period Ended	31 DEC 2025	31 MAR 2025	31 MAR 2024
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

IPO Valuation - KPI

KPI	31 Mar 2025
ROCE	75.08%
Debt/Equity Ratio	0.40
Return on Net Worth (RoNW)	70.33%
PAT Margin	15.49%
EBITDA Margin	23.02%
Net Asset Value (NAV)	₹23.37
Earning Per Share (EPS)	₹16.43
Price/Earning P/E Ratio	-

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
Liberty Shoes Limited	7.92	40.57	130.60	6.09	675.48
Lehar Footwears Limited	6.15	34.59	63.60	9.67	277.21
Bata India Limited	25.73	47.41	122.54	20.99	3,488.79
Redtape Limited	3.08	47.39	14.27	21.55	2,020.91

IPO Anchor Investors

Anchor Investors Letter (PDF)

Promoters and Holding Pattern

Mr. Arun Malhotra, Ms. Kavya Malhotra, Ms. kashika Malhotra are the company's promoters of Brandman Retail.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	99.92%	69.03%
Others*	0.08%	30.97%

Strengths

Experienced promoters and professional team.
Omni-channel Distribution network.
Asset light and Scalable Business Model.
Strength comes from strategic locations across North India, ensuring strong market access.
Diverse product portfolio and access to global market.
Strong Brand Synergy & Growth Potential.
Growing Consumer Base & Strong Customer Loyalty.

Frequently Asked Questions (FAQ)

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About Brandman Retail IPO

IPO Details

Brandman Retail IPO Details and Specifications
IPO Date	04 Feb 2026 to 06 Feb 2026
Face Value	₹10 Per Share
Price Band	₹167.00 - ₹176.00
Lot Size	800 Shares
Total Issue Size	Approx 86.09 Cr 48,91,200 Equity Shares
Fresh Issue	Approx 86.09 Cr 48,91,200 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	35.02%
Sale Type	Fresh Issue
Issue Type	Book-Building IPO
Listing Date	11 Feb 2026
Listing At	NSE
Total Subscription Amount	₹6,556.90 Cr

Investor Category

Shares Offered

% Net Issue

QIB

23,20,000

49.93%

- Anchor

13,92,000

0.00%

- QIB (Ex. Anchor)

9,28,000

0.00%

NII

6,99,200

15.05%

- bNII > ₹10L

4,66,400

0.00%

- sNII < ₹10L

2,32,800

0.00%

Retail

16,27,200

35.02%

Total

46,46,400

100.00%

Application

Lots

Amount

Individual investors (Retail) (Min)

1,600

₹2,81,600

Individual investors (Retail) (Max)

1,600

₹2,81,600

S-HNI (Min)

2,400

₹4,22,400

S-HNI (Max)

5,600

₹9,85,600

B-HNI (Min)

6,400

₹11,26,400

About Company

Contact Details

Brandman Retail Ltd.

DPT 718-719,

7th Floor DLF Prime Tower

Okhla Industrial Area Phase-I,

South Delhi, New Delhi, 110020

011-46052323

info@brandmanretail.com

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

11-Feb-2026 09:30 AM

+₹17

₹193

+9.66%

₹13,600

10-Feb-2026 09:30 AM

+₹11

₹187

+6.25%

₹8,800

09-Feb-2026 09:30 AM

+₹20

₹196

+11.36%

₹16,000

07-Feb-2026 09:30 AM

+₹25

₹201

+14.20%

₹20,000

06-Feb-2026 09:30 AM

+₹26

₹202

+14.77%

₹20,800

05-Feb-2026 09:30 AM

+₹18

₹194

+10.23%

₹14,400

04-Feb-2026 09:30 AM

+₹0

₹176

+0.00%

₹0

03-Feb-2026 09:30 AM

+₹0

₹176

+0.00%

₹0

02-Feb-2026 09:30 AM

+₹0

₹176

+0.00%

₹0

Brandman Retail IPO Details

About Brandman Retail IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

IPO Anchor Investors

Promoters and Holding Pattern

Strengths

Frequently Asked Questions (FAQ)

When does the Brandman Retail IPO open and close?

What is Brandman Retail IPO price band?

What is the Brandman Retail IPO lot size?

What is the Brandman Retail IPO allotment date?

What is the Brandman Retail IPO listing date?

What is the minimum investment required in Brandman Retail IPO?

Join the discussion

Brandman Retail IPO Details

About Brandman Retail IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

IPO Anchor Investors

Promoters and Holding Pattern

Strengths

Frequently Asked Questions (FAQ)

When does the Brandman Retail IPO open and close?

What is Brandman Retail IPO price band?

What is the Brandman Retail IPO lot size?

What is the Brandman Retail IPO allotment date?

What is the Brandman Retail IPO listing date?

What is the minimum investment required in Brandman Retail IPO?

Join the discussion