Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Brandman Retail IPO
Price Band
₹167.0–176.0
Issue Size
₹86.09 Cr
Lot Size
800 shares
Min Investment
₹281,600
2 LOTS MIN
GMP
+₹17.0 (9.66%)
Issue Price
₹176.0
Brandman Retail IPO AI Summary
- Brandman Retail IPO is listed on NSE SME in the Footwear sector.
- Price band: ₹167.0–₹176.0 per share, lot size 800 shares (min. investment ₹281,600, 2 lots minimum).
- Subscription window: 04 Feb–06 Feb 2026, listing on 11 Feb 2026.
- Current GMP is +₹17.0 (9.66%), an estimated listing price of ₹193 — unofficial and can change daily.
Brandman Retail Limited is an emerging player in the footwear sector, focusing on international brands with a strong presence in northern India. The company aims to expand its retail network and enhance working capital through its IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Brandman Retail IPO Grey Market Premium (GMP) Today
GMP
+₹17.0
GMP %
+9.66%
Est. Listing
₹193.0
Updated: 14 Jul 2026 15:52
About the Company
Established in 2021, Brandman Retail Limited distributes international sports and lifestyle brands. The company operates through four key pillars: distribution, licensing, retail, and e-commerce. It is committed to innovation, customer centricity, and sustainability. The company operates Exclusive Brand Outlets (EBOs) in northern India, including cities like Ahmedabad, Ambala, Dehradun, New Delhi, Jalandhar, Bathinda, Gurugram, Lucknow, and Noida. Each store meets the License Grantee's standards and primarily represents the New Balance brand under a non-exclusive distribution agreement. The company operates two MBOs called "Sneakrz" in Bhatinda and New Delhi and 11 EBOs. The company holds non-exclusive distribution agreements to ensure a diverse, high-quality product range for customers. They sell online through Flipkart, Ajio, and Tata Cliq, fulfilling monthly orders. Competitive Strength: Experienced promoters and professional team. Omni-channel Distribution network. Asset light and Scalable Business Model. Strength comes from strategic locations across North India, ensuring strong market access. Diverse product portfolio and access to global market. Strong Brand Synergy & Growth Potential. Growing Consumer Base & Strong Customer Loyalty.
Company Financials (₹ Cr)
As of 2025-12-31
| Period Ended | 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 |
Key Ratios
EPS
₹15.45
NAV
₹23.37
ROE
108.47%
ROCE
70.48%
RoNW
70.33%
P/B Value
7.53
P/E Ratio
11.39
Market Cap
₹324.85 Cr
PAT Margin
15.49%
Debt/Equity
0.40
Promoters
Arun Malhotra, Kavya Malhotra and kashika Malhotra
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding Capital Expenditure for expansion of New Retail Network by launching 15 Exclusive Brand Outlets (EBOs) and Multi-Brand Outlets (MBOs) 27.90 2 Working Capital Requirements for New EBOs and MBOs 11.78 3 Working Capital Requirements for Existing EBOs and MBOs 26.72 4 General Corporate Expenses 8.16 5 Issue Expenses 11.52 Total 86.09
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹123.49 Cr in the year ending 31 Mar 2024, decreasing to ₹136.30 Cr by 31 Mar 2025, before dropping further to ₹97.21 Cr by 31 Dec 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹8.27 Cr in the year ending 31 Mar 2024, increasing to ₹20.95 Cr by 31 Mar 2025, and then slightly decreasing to ₹19.67 Cr by 31 Dec 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. A positive GMP indicates that shares are expected to list at a higher price than the issue price, while a negative GMP suggests the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering market conditions and personal financial goals.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, which can be subject to high volatility and uncertainty in the early trading period.
IPO Timeline, Explained
The IPO timeline includes the opening date on 4th February 2026, closing on 6th February 2026, allotment on 9th February 2026, and listing on 11th February 2026.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may experience a surge in price upon listing, others may not perform as expected. Investors should be aware of the risks associated with market fluctuations on the listing day.
This evaluation is generated from Brandman Retail's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Brandman Retail IPO GMP today?
Brandman Retail IPO GMP today is +₹17.0 (9.66%), indicating an estimated listing price of ₹193. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Brandman Retail IPO?
The price band of Brandman Retail IPO is ₹167.0–₹176.0 per share.
When does Brandman Retail IPO open and close?
Brandman Retail IPO opens on 04 February 2026 and closes on 06 February 2026.
When does Brandman Retail IPO list on the stock exchange?
Brandman Retail IPO listed on 11 February 2026 at ₹193.0.
What is the lot size for Brandman Retail IPO?
The lot size for Brandman Retail IPO is 800 shares, requiring a minimum investment of ₹281,600 (2 lots).
What is the lot size for this IPO?
The lot size for Brandman Retail's IPO is 800 shares.
What is the minimum investment required?
The minimum investment required is ₹281,600.
What is the price band for the IPO?
The price band for the IPO is ₹167 to ₹176.
When is the listing date for the shares?
The listing date for the shares is 11th February 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price movement of the shares before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
04 Feb 2026
Close
06 Feb 2026
Allotment
09 Feb 2026
Listing
11 Feb 2026
Similar IPOs in Footwear
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Brandman Retail?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.