Brandman Retail SME IPO
Brandman Retail IPO — date, price band, lot size & details 2026
Brandman Retail listed on 11 Feb 2026 at ₹183, 4% above the ₹176 issue price.
Brandman Retail’s IPO was a fresh share sale that opened for subscription from 4 Feb to 6 Feb 2026, aiming to raise about ₹86 crore by offering around 48.9 lakh shares at a price band of ₹167–₹176 a share on the NSE SME platform. The company, which distributes and retails international sports and lifestyle brands across physical and online channels, plans to use the funds mainly to expand its retail network and support working capital.
Stock price
Brandman Retail is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
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
Issue summary
The terms of the offer, as filed.
| IPO Dates | 4 to 6 Feb, 2026 |
|---|---|
| Price Band | ₹167 – ₹176 |
| Face Value | ₹10 |
| Lot Size | 800 Shares |
| Issue Size | ₹86 Cr. Cr |
| Sale Type | Fresh capital only |
| Listing On | NSE SME |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 2,81,600 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 800 shares at the ₹176 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 1,600 | ₹2,81,600 |
| Retail (max) | 2 | 1,600 | ₹2,81,600 |
| HNI (min) | 3 | 2,400 | ₹4,22,400 |
Three years of numbers
All figures in ₹ crore, as reported in the Brandman Retail offer document.
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 101.31 | 84.73 | 40.49 |
| Total Income | 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 |
| Reserves and Surplus | 46.70 | 17.04 | 8.59 |
| Total Borrowing | 15.68 | 11.87 | 3.53 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Brandman Retail RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Brandman Retail IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹14.21 |
| P/E Ratio (x) | 12.38 |
| Market Cap at Offer Price (₹ Cr) | ₹243.63 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹176 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹306.90 Cr of the issue is earmarked to named objects.
About the company
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.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
011-46052323
The bankers & the filings
Who is running the book, and the documents this page is built from.
Company contact
Frequently asked
What is the GMP of Brandman Retail?
The current Grey Market Premium is ₹17, or 10% over the issue price.
What is the Brandman Retail IPO price band?
₹167 to ₹176, on a face value of ₹10.
When is the allotment?
The basis of allotment is 9 February 2026, with listing on 11 February 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
