IPO Listed — 11 Feb 2026
Listing Price: ₹183
Brandman Retail SME IPO GMP History | Listing Price ₹183 & Kostak Rate
Brandman Retail SME IPO has been listed on February 11, 2026 at a listing price of ₹183, against the issue price of ₹176 — a gain of ₹7 (+3.98%). The GMP peaked at ₹30 on 6 February 2026 and reached a low of ₹9 on 3 February 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Brandman Retail SME IPO raised ₹86 Cr. Cr. through its IPO at a price band of ₹167 to ₹176 per share, with a lot size of 800 shares. The IPO was open for subscription from 04 Feb 2026 to 06 Feb 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 10 Feb 2026 | ₹ 17 | 10% | ₹ 0 | ₹ 8500 | |
| 09 Feb 2026 | ₹ 16 | 9% | ₹ 0 | ₹ 12200 | |
| 08 Feb 2026 | ₹ 20 | 11% | ₹ 0 | ₹ 15000 | |
| 07 Feb 2026 | ₹ 24 | 14% | ₹ 0 | ₹ 15000 | |
| 06 Feb 2026 | ₹ 30 | 17% | ₹ 0 | ₹ 24000 | |
| 05 Feb 2026 | ₹ 22 | 13% | ₹ 0 | ₹ 8000 | |
| 04 Feb 2026 | ₹ 15 | 9% | ₹ 0 | ₹ 8000 | |
| 03 Feb 2026 | ₹ 9 | 5% | ₹ 0 | ₹ 0 |
Brandman Retail SME IPO Dates
| Event | Date |
|---|---|
| Open Date | 04 Feb, 2026 |
| Close Date | 06 Feb, 2026 |
| Allotment Date | 09 Feb, 2026 |
| Refund Date | 10 Feb, 2026 |
| Credit to Demat | 10 Feb, 2026 |
| Listing Date | 11 Feb, 2026 |
Brandman Retail SME IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹176 |
| GMP-Based Estimate (Pre-Listing) | ₹193 (+9.7%) |
| Actual Listing Price | ₹183 (+3.98%) |
| Listing Gain / Loss | +₹7 per share |
| Listing Date | 11 Feb, 2026 |
Is Brandman Retail SME IPO GMP Reliable?
Grey market premium for Brandman Retail SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Brandman Retail SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Brandman Retail SME IPO IPO Kostak Rate Explained
The Kostak rate for Brandman Retail SME IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was Retail: ₹8500, SHNI: ₹, BHNI: ₹. Unlike Kostak, Subject to Sauda only applies if you receive allotment.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Brandman Retail SME IPO
The company is primarily engaged in offering apparel and lifestyle products through a mix of retail formats and distribution channels. Its business model revolves around partnering with brands, managing exclusive outlets, and expanding presence through both offline and online platforms. By focusing on curated product offerings and efficient supply chain management, Brandman Retail seeks to enhance customer experience while scaling its footprint across key urban markets in India.
Frequently Asked Questions about Brandman Retail SME IPO
What is the GMP of Brandman Retail SME IPO?
The current Grey Market Premium (GMP) of Brandman Retail SME IPO is ₹ 17.
What is the Kostak Price of Brandman Retail SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Brandman Retail SME IPO is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.
What is the Subject to Sauda Price of Brandman Retail SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is : Retail: ₹ 8500, SHNI: ₹ 0, BHNI: ₹ 0.
What was the actual listing price of Brandman Retail SME IPO?
Brandman Retail SME IPO listed on February 11, 2026 at ₹183, against the issue price of ₹176 — a gain of +3.98%.
How did the GMP of Brandman Retail SME IPO trend before listing?
The GMP of Brandman Retail SME IPO was rising in its final days before listing. The GMP peaked at ₹30 on 6 February 2026. View the day-wise table above for the complete GMP history.
Explore Brandman Retail SME IPO Further
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