Brandman Retail
closed
SME IPO
₹26
(14.77%)
Table of Contents
- 01 IPO Description
- 02 IPO Parameters
- 03 IPO Roadmap
- 04 GMP History
- 05 Brandman Retail IPO – Key Details
- 06 Brandman Retail IPO – Market Lot Details
- 07 Brandman Retail IPO – Reservation Details
- 08 Brandman Retail IPO – Anchor Investors
- 09 Brandman Retail IPO – Important Dates
- 10 Brandman Retail IPO – Promoters & Holding Pattern
- 11 Brandman Retail IPO – Objects of the Issue
- 12 About Brandman Retail IPO
- 13 Brandman Retail IPO – Company Financials
- 14 Brandman Retail IPO – Valuation (FY 2025)
- 15 Brandman Retail IPO – Peer Group Comparison
- 16 IPO Lead Managers aka Merchant Bankers
IPO PARAMETERS
PRICE BAND
167.00 - 176.00
LOT SIZE
800 Shares
MIN. INVESTMENT
₹1,33,600
IPO ROADMAP
BIDDING STARTS
04 Feb 2026
2
BIDDING ENDS
06 Feb 2026
3
ALLOTMENT
TBA
4
LISTING
11 Feb 2026
Grey Market Premium HISTORY
| Date | GMP (₹) | Daily Change | Gain (%) |
|---|---|---|---|
| 06 Feb 2026 | ₹26.00 | +₹8.00 | 14.77% |
| 05 Feb 2026 | ₹18.00 | - | 10.23% |
Brandman Retail IPO – Key DETAILS
| IPO Open Date | February 4, 2026 |
| IPO Close Date | February 6, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹167 to ₹176 Per Share |
| Issue Size | Approx ₹86.09 Crores |
| Fresh Issue | Approx ₹86.09 Crores |
| Offer for Sale (OFS) | – |
| Issue Type | Book Build Issue |
| IPO Listing | NSE SME |
Brandman Retail IPO – Market Lot DETAILS
| Application | 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 DETAILS
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investors | – | – |
| QIB (Ex‑Anchor) | – | 50% |
| NII (HNI) | – | 15% |
| Retail Investors | – | 35% |
Brandman Retail IPO – Anchor INVESTORS
| Anchor Bidding Date | 2026 |
| Anchor Investors List | – |
| Shares Offered to Anchor Investors | – |
| Anchor Portion Size | – Cr |
| Lock‑in Period (50% – 30 Days) | 2026 |
| Lock‑in Period (50% – 90 Days) | 2026 |
Brandman Retail IPO – Important DATES
| IPO Open Date | February 4, 2026 |
| IPO Close Date | February 6, 2026 |
| Basis of Allotment | February 9, 2026 |
| Refunds | February 10, 2026 |
| Credit to Demat Account | February 10, 2026 |
| IPO Listing Date | February 11, 2026 |
| IPO Bidding Cut‑off Time | February 6, 2026 – 5 PM |
Brandman Retail IPO – Promoters & Holding PATTERN
| Particulars | Shares | Shareholding (%) |
|---|---|---|
| Promoter Holding (Pre Issue) | 1,35,65,986 | 93.91% |
| Promoter Holding (Post Issue) | 1,84,57,186 | – |
Promoters: Mr. Arun Malhotra, Ms. Kavya Malhotra, and Ms. Kashika Malhotra.
Brandman Retail IPO – Objects of the ISSUE
| Purpose | Amount (₹ Crores) |
|---|---|
| Funding Capital Expenditure for expansion of New Retail Network (15 EBOs & 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 | – |
About Brandman Retail IPO
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.
Brandman Retail IPO – Company FINANCIALS
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| FY 2024 | 123.49 | 112.34 | 8.27 | 40.49 |
| FY 2025 | 136.30 | 107.97 | 20.95 | 84.73 |
| Dec 2025 | 97.21 | 70.68 | 19.67 | 101.31 |
Brandman Retail IPO – Valuation (FY 2025)
| Return on Equity (ROE) | 108.47% |
| Return on Capital Employed (ROCE) | 75.08% |
| EBITDA Margin | 23.02% |
| PAT Margin | 15.49% |
| Debt to Equity Ratio | 0.40 |
| Earning Per Share (EPS) | ₹16.43 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 70.33% |
| Net Asset Value (NAV) | ₹23.37 |
Brandman Retail IPO – Peer Group COMPARISON
| Company | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | Income (₹ Cr) |
|---|---|---|---|---|---|
| Redtape Limited | 3.08 | 47.39 | 21.55% | 14.27 | 2,020.91 |
| Bata India Limited | 25.73 | 47.41 | 20.99% | 122.54 | 3,488.79 |
| Lehar Footwears Limited | 6.15 | 34.59 | 9.67% | 63.62 | 77.21 |
| Liberty Shoes Limited | 7.92 | 40.57 | 6.09% | 130.66 | 75.48 |
IPO Lead Managers aka Merchant BANKERS
- Gretex Corporate Services Ltd.