Brandman Retail IPO Subscription Status
Brandman Retail IPO was subscribed 114.34 times when bidding closed on 6 Feb 2026: QIB 85.24x, NII 203.29x, Retail 92.71x.
The Brandman Retail IPO has been subscribed 114.34x times overall. Retail investors have shown interest with bids for 92.71x the shares available. The Non-Institutional Investor (NII) category has been subscribed 203.29x. Qualified Institutional Buyers (QIBs) have subscribed 85.24x. Data last updated on 25 Aug, 12:55 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 04 Feb, 2026 and closes on 06 Feb, 2026. The shares are expected to list on stock exchanges on 11 Feb, 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| Anchor Investors | 13,92,000 of 13,92,000 | -- |
| QIB | 7,91,04,800 of 9,28,000 | 85.24x |
| NII | 14,21,42,400 of 6,99,200 | 203.29x |
| Retail | 15,08,56,000 of 16,27,200 | 92.71x |
| TOTAL | 37,21,03,200 | 114.34x |
Application-wise breakup (estimated)
Approximate application counts — the exchanges don't publish these during bidding. Estimated from shares bid using the typical application size seen in recent IPOs' Basis of Allotment data. Final counts appear here once the Basis of Allotment is out.
| Category | Est. Applied | Times | |
|---|---|---|---|
| Retail max 1,930 | 94,285 | 48.85x | |
| TOTAL (EST.) | 94,285 |
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 93 applicants will be successful.
Institutional Backing
Massive institutional interest with QIBs subscribing 85.24x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
06 Feb 2026
Day 3 |
114.34x | ▼ | |
|
QIB85.24x
NII203.29x
Retail92.71x
|
|||
|
05 Feb 2026
Day 2 |
4.57x | ▼ | |
|
QIB-
NII8.86x
Retail5.34x
|
|||
|
04 Feb 2026
Day 1 |
0.72x | ▼ | |
|
QIB0.00x
NII1.41x
Retail0.83x
|
|||
Brandman Retail SME IPO dates
From the bidding window 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 IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds marked with applicant counts are computed from the exchange's actual application data (applicants ÷ allotment slots); others assume minimum-size bids at the current subscription multiple. Retail and HNI allotment is by SEBI-mandated lottery of the minimum application when oversubscribed; QIB allotment is proportionate. Numbers move until subscription closes. This is not investment advice.
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during market hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Brandman Retail IPO?
As of IPO close date (06 Feb, 2026), the Brandman Retail IPO is subscribed 114.34x times. Retail category is 92.71x, and NII is 203.29x subscribed.
When is the allotment date for Brandman Retail IPO?
The allotment for Brandman Retail IPO is expected to be finalized on 09 February, 2026.
What is the GMP of Brandman Retail?
The Grey Market Premium (GMP) for Brandman Retail is currently ₹17, indicating a potential listing gain of 10%.
When will Brandman Retail IPO list on the stock market?
Brandman Retail is scheduled to list on BSE and NSE on 11 February, 2026.
What are the chances of getting allotment in Brandman Retail IPO?
The retail category is oversubscribed at 92.71x, meaning allotment is by lottery. Statistically, approximately 1 in 93 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 85.24x mean for Brandman Retail IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 85.24x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Brandman Retail IPO allotment status?
After the allotment date (09 Feb, 2026), you can check your Brandman Retail IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Brandman Retail SME IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
Subscription moves by the hour. Get it on your phone.
Live GMP alerts, subscription updates and allotment status for every Mainboard and SME issue — fast, free and secure.
Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
