IPO details · Updated
Brandman Retail Limited
ClosedSMENSE: BRANDMAN
- Price Band
- ₹167 – ₹176
- Lot Size
- 800 shares
- Min. Investment
- ₹1,40,800
- Issue Size
- ₹86.08 Cr
- Offer Dates
- 4 Feb – 6 Feb 2026
- Listing
- 11 Feb 2026
Issue Details
- Total Issue Size
- ₹86.08 Cr
- 48,91,200 shares
- Fresh Issue
- ₹86.08 Cr
- 48,91,200 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- NSE SME
- Shares Pre-Issue
- 1,35,65,986
- Shares Post-Issue
- 1,84,57,186
IPO Timeline
Offer opens
4 Feb 2026
Offer closes
6 Feb 2026
Allotment
9 Feb 2026
Listing
11 Feb 2026
Issue Allocation
Share of the offer reserved for each investor category
- QIB47.4%23,20,000 shares
- HNI14.3%6,99,200 shares
- Retail33.3%16,27,200 shares
- MarketMaker5.0%2,44,800 shares
Subscription Status
Final subscription figures for this issue are not available yet.
Lot Size & Investment
1 lot = 800 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 1,600 | ₹2,81,600 |
| Small HNI (S-HNI) | 3 | 2,400 | ₹4,22,400 |
| Big HNI (B-HNI) | 8 | 6,400 | ₹11,26,400 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Dec-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 101.31 | 84.73 | 40.49 |
| Total Income | 97.21 | 136.3 | 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 & Surplus | 46.7 | 17.04 | 8.59 |
| Total Borrowing | 15.68 | 11.87 | 3.53 |
Key Performance Indicators
| Period | Dec-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| ROE (%) | 43.69 | 108.47 | 175.92 |
| ROCE (%) | 36.92 | 75.08 | 93.22 |
| EPS (₹) | 15.2 | 16.43 | 6.49 |
| P/E (pre-issue) | 11.39 | — | — |
| P/E (post-issue) | 12.38 | — | — |
Peer Comparison
Listed companies in the same business
| Company | CMP | P/E | ROE |
|---|---|---|---|
| Redtape Limited | ₹145.96 | 47.39 | 21.55% |
| Bata India Limited | ₹1,219.9 | 47.41 | 20.99% |
| Lehar Footwears Limited | ₹212.75 | 34.59 | 9.67% |
| Liberty Shoes Limited | ₹321.3 | 40.57 | 6.09% |
About Brandman Retail Limited
Brandman Retail Limited distributes international sports and lifestyle brands through EBOs, MBOs and e-commerce platforms across India.
Objects of the Issue
- Working capital
- Store expansion
- General corporate purposes
Company Information
Strengths (from RHP)
- Experienced promoters and professional management
- Omni-channel distribution presence
- Asset-light scalable business model
Key risks (from RHP)
- Dependence on non-exclusive brand agreements
- Store expansion uncertainty
- Reliance on e-commerce marketplaces
- Book running lead managers
- Gretex Corporate Services Limited
- Registered office
- DPT 718-719, 7th Floor DLF Prime Tower, Okhla Industrial Area Phase-I, New Delhi 110020
- Market maker
- Gretex Share Broking Limited, Shree Bahubali Stock Broking Limited
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Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.