Brandman Retail SME IPO GMP History
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.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 25 Aug, 12:55 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 10 Feb 2026 | ₹ 17 | ▲ | 10% | — | ₹ 8500 |
| 09 Feb 2026 | ₹ 16 | ▼ | 9% | — | ₹ 12200 |
| 08 Feb 2026 | ₹ 20 | ▼ | 11% | — | ₹ 15000 |
| 07 Feb 2026 | ₹ 24 | ▼ | 14% | — | ₹ 15000 |
| 06 Feb 2026 | ₹ 30 | ▲ | 17% | — | ₹ 24000 |
| 05 Feb 2026 | ₹ 22 | ▲ | 13% | — | ₹ 8000 |
| 04 Feb 2026 | ₹ 15 | ▲ | 9% | — | ₹ 8000 |
| 03 Feb 2026 | ₹ 9 | — | 5% | — | — |
Brandman Retail SME IPO dates
Key dates from opening to listing. Today is 3 October.
- Open 04 Feb 2026
- Close 06 Feb 2026
- Allotment 09 Feb 2026
- Refund/credit 10 Feb 2026
- Listing 11 Feb 2026
Brandman Retail SME IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹176 |
|---|---|
| GMP-based estimate (pre-listing) | ₹193 (+9.7%) |
| Listing gain / loss | +₹7 per share |
| Listing date | 11 Feb, 2026 |
| Actual listing price | ₹183 (+3.98%) |
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:
- 01Subscription 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?
- 02Timing 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.
- 03Grey 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.
- 04Cross-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 Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Brandman Retail SME IPO was not available during the subscription period. 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. 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
Brandman Retail Limited is a relatively new entrant in India’s organised retail space, established with a focus on building and managing lifestyle and fashion brands. The company was promoted by experienced professionals with a background in retail, branding, and distribution. Over time, it has developed capabilities in brand development, sourcing, and retail operations, aiming to capture opportunities in India’s fast-growing consumer market.
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
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 not available.
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.
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
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
