Brandman Retail Limited
NSE: BRANDMAN
SMECLOSED
Grey Market Premium*
UPDATED: Now₹15+8.52%
Est. Listing*₹191
Upper band ₹176
* GMP indicative only. Not investment advice.
GMP sourced from IPO Guru
Subscription Status
| Category | Offered | Bids | Times (x) |
|---|---|---|---|
| Total | - | - | - |
Financial Performance
Figures in ₹ Crores unless specified
| Metric | Dec-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 101.31 | 84.73 | 40.49 |
| Total Income | 97.21 | 136.3 | 123.49 |
| PAT | 19.67 | 20.95 | 8.27 |
| EBITDA | 27.02 | 31.15 | 12.01 |
| Net Worth | 60.26 | 29.79 | 8.84 |
| Reserves | 46.7 | 17.04 | 8.59 |
| Total Borrowing | 15.68 | 11.87 | 3.53 |
Key Performance Indicators
| KPI | 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) | 11.39 | - | - |
| P/E (Post) | 12.38 | - | - |
IPO Details
Price Band
₹167 - ₹176800 Shares
Lot Size
800 Shares
Total Issue Size
₹86.08 Cr48,91,200 Shares
Fresh Issue
₹86.08 Cr48,91,200 Shares
Offer for Sale
TBA0
Face Value
₹10
Listing At
NSE SME
Dates
IPO Open
04 Feb 2026
IPO Close
06 Feb 2026
Allotment
09 Feb 2026
Listing
11 Feb 2026
IPO Open04 Feb 2026
IPO Close06 Feb 2026
Allotment09 Feb 2026
Listing11 Feb 2026
Lot Size & Investment Limits
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 1600 | 281600 |
| sHNI | 3 | 2400 | 422400 |
| bHNI | 8 | 6400 | 1126400 |
Peer Comparison
| Company | CMP (₹) | P/E Ratio | 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.
Company Information
Registered Address
DPT 718-719, 7th Floor DLF Prime Tower, Okhla Industrial Area Phase-I, New Delhi 110020
Lead Managers
- Gretex Corporate Services Limited
Market Maker
Gretex Share Broking Limited, Shree Bahubali Stock Broking Limited
Company 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
Objects of the Issue
• Working capital
• Store expansion
• General corporate purposes
Subscription Status
| Category | Offered | Bids | Times (x) |
|---|---|---|---|
| Total | - | - | - |
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Disclaimer
Data on OpenIPO is for informational purposes only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may vary. Verify all details from the company RHP and official registrar websites before making decisions.