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NSE SME Bookbuilding IPO Fresh Capital Closed

Brandman Retail Ltd IPO 2026

Face Value: ₹10  ·  Lot Size: 800 shares  ·  Min Investment: ₹140,800
₹176
Issue Price
+₹27
GMP Today
48,91,200 (100.00%)
Total Shares Offered
₹203
Est. Listing
Allotment Status
📅
Open Date
2026-02-04
📅
Close Date
2026-02-06
🎟️
Allotment
2026-02-09
UPI Mandate
TBA
📱
Listing Date
2026-02-11
🔗
Script Code
TBA
Grey Market Premium (GMP)
LIVE
Current GMP
+₹27
+15.34% vs Issue Price
Estimated Listing: ₹203
Issue Price: ₹176  ·  Lot: 800 shares
Expected P&L (1 lot): +₹21,600 on ₹140,800
GMP is unofficial grey market data. It does not guarantee listing price or returns.
Financial Overview
Amount in Rs Cr
Metric 31 Dec 2025 31 Mar 2025 31 Mar 2024
Revenue 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
Total Assets 101.31 84.73 40.49
Reserves & Surplus 46.70 17.04 8.59
Total Borrowings 15.68 11.87 3.53
Key Financial Ratios
43.69%
ROE
Return on Equity
36.92%
ROCE
Return on Capital Employed
32.64%
RONW
Return on Net Worth
20.64%
PAT Margin
PAT / Revenue
28.35%
EBITDA Mgn
EBITDA / Revenue
0.26
D/E Ratio
Debt to Equity
Issue Details
Total Shares Offered
48,91,200 (100.00%)
Net Offer to Public
46,46,400 shares (agg. up to ₹82 Cr)
Market Maker Reservation
2,44,800 shares (agg. up to ₹4 Cr)
Pre-Issue Shareholding
1,35,65,986 shares%
Post-Issue Shareholding
1,84,57,186 shares%
Issue Price
₹176
Face Value
₹10
Lot Size
800 shares
Listing Exchange
NSE SME
Issue Type
Bookbuilding IPO
Objects of Issue
Funding Capital Expenditure for expansion of our New Retail Network by launching 15 Exclusive Brand Outlets (EBOs) and Multi-Brand Outlets (MBOs)
Working Capital Requirements for New EBOs and MBOs
Working Capital Requirements for Existing EBOs and MBOs
General Corporate Expenses
Lead Managers
Gretex Corporate Services Ltd
IPO Timeline
Open
2026-02-04
Close
2026-02-06
Allotment
2026-02-09
Listing
2026-02-11
Registrar Details
Bigshare Services Pvt.Ltd
+91-22-6263 8200
ipo@bigshareoline.com
Check Allotment Status
Company Information
Email
info@brandmanretail.com
Phone
011-46052323
Address
DPT 718-719, 7th Floor DLF Prime Tower Okhla Industrial Area Phase-I, South Delhi, New Delhi, 110020
About Brandman Retail Ltd

Established in 2021, Brandman Retail Limited distributes international sports and lifestyle brands.

The company operates through four key pillars: distribution, licensing, retail, and e-commerce. It is committed to innovation, customer centricity, and sustainability.

The company operates Exclusive Brand Outlets (EBOs) in northern India, including cities like Ahmedabad, Ambala, Dehradun, New Delhi, Jalandhar, Bathinda, Gurugram, Lucknow, and Noida. Each store meets the License Grantee's standards and primarily represents the New Balance brand under a non-exclusive distribution agreement.

The company operates two MBOs called "Sneakrz" in Bhatinda and New Delhi and 11 EBOs.

The company holds non-exclusive distribution agreements to ensure a diverse, high-quality product range for customers.

They sell online through Flipkart, Ajio, and Tata Cliq, fulfilling monthly orders.

Competitive Strength:

  • 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.
Quick Facts
GMP Signal
Bullish 🚀
Status
Closed
Issue Price
₹176
Lot Size
800 sh
Est. Listing
₹203
Pre-Issue Hold.
1,35,65,986 shares%
Post-Issue Hold.
1,84,57,186 shares%
Registrar
Bigshare Services Pvt.Ltd
GMP Profit Calculator
Est. Listing
GMP %
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