Brandman Retail IPO GMP today is Rs 7. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
BRANDMAN
Brandman Retail IPO GMP, Subscription & Allotment Status Today
Brandman Retail is a SME IPO with a price band of Rs 167.00 to Rs 176.00 that listed on 11 Feb 2026 at a listing gain of +3.98%. Track its full GMP history, subscription data and listing details here.
- Price Band
- ₹167.00 - ₹176.00
- Lot Size
- 800 Shares
- Bidding Closes
- 06 Feb 2026
- Listing Date
- 11 Feb 2026
Current GMP Status
₹7
+3.98% vs upper band
Est. Listing Gain
+3.98%
Last Trend
11 Feb 2026
Listing Price
₹183.00
Retail Entry
₹2,81,600
IPO Details
Complete IPO information
| Current GMP | ₹7 |
|---|---|
| Estimated Listing Gain | +3.98% |
| Price Band | ₹167.00 - ₹176.00 |
| Issue Price | Approx ₹176.00 Crores |
| Listing Price | ₹183.00 |
| Lot Size | 800 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | TBA |
| Listing Date | 11 Feb 2026 |
| Minimum Investment | ₹2,81,600 |
Head-to-head
Compare Brandman Retail IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Brandman Retail is priced at ₹176 per share. With a minimum lot size of 800 shares, a retail investor applying for one lot would need approximately ₹2,81,600 to participate in this SME issue.
The latest recorded Grey Market Premium for Brandman Retail stands at ₹7, implying an estimated listing gain of around 3.98% over the issue price if it holds until listing. This is up ₹2 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
04 Feb 2026
✓
Bidding Closes
06 Feb 2026
✓
Allotment
TBA
✓
Listing
11 Feb 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 11 Feb 2026 | ₹17.00 | +₹2.00 | 9.66% |
| 10 Feb 2026 | ₹15.00 | -₹5.00 | 8.52% |
| 09 Feb 2026 | ₹20.00 | -₹6.00 | 11.36% |
| 06 Feb 2026 | ₹26.00 | +₹8.00 | 14.77% |
| 05 Feb 2026 | ₹18.00 | - | 10.23% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 1,600 | ₹2,81,600 |
| Retail Maximum | 2 Lot | 1,600 | ₹2,81,600 |
| S-HNI Minimum | 3 Lot | 2,400 | ₹4,22,400 |
| S-HNI Maximum | 7 Lot | 5,600 | ₹9,85,600 |
| B-HNI Minimum | 8 Lot | 6,400 | ₹11,26,400 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
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 |
Analysis
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 |
Analysis
Brandman Retail IPO – Reservation Details
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investors | – | – |
| QIB (Ex‑Anchor) | – | 50% |
| NII (HNI) | – | 15% |
| Retail Investors | – | 35% |
Analysis
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 |
Analysis
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 |
Analysis
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.
Analysis
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 | – |
Analysis
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.
Analysis
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 |
Analysis
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 |
Analysis
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 |
Analysis
IPO Lead Managers aka Merchant Bankers
- Gretex Corporate Services Ltd.
FAQ
Brandman Retail IPO FAQs
Brandman Retail IPO price band is Rs 167.00 to Rs 176.00. Check the latest issue price, lot size and GMP together before applying.
Brandman Retail IPO open date is 04 Feb 2026, close date is 06 Feb 2026, and listing date is 11 Feb 2026.
Brandman Retail IPO lot size is 800 shares. The minimum retail investment is Rs 2,81,600.
Brandman Retail is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Brandman Retail IPO subscription status currently shows Subscription data is currently awaited.
Community discussion
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