Minimum Investment
About Company
Company Name: Brandman Retail Limited
Industry / Sector: Retail / Distribution of International Sports & Lifestyle Brands
Founded Year: 2021
Promoters: Mr. Arun Malhotra, Ms. Kavya Malhotra, Ms. Kashika Malhotra
Brandman Retail Limited, incorporated in 2021, is an omni-channel distributor and retailer of international sports and lifestyle brands, primarily New Balance (non-exclusive distribution agreement). It operates through distribution, licensing, retail (19 outlets: 11 Exclusive Brand Outlets - EBOs and 2 Multi-Brand Outlets - MBOs under 'Sneakrz' in Bathinda & New Delhi), and e-commerce (Flipkart, Ajio, Tata Cliq). Focus on northern India cities (Ahmedabad, Ambala, Dehradun, New Delhi, Jalandhar, Bathinda, Gurugram, Lucknow, Noida) with asset-light scalable model and growing consumer base.
IPO Basic Details
| Company Name | Brandman Retail Limited |
| IPO Type | SME IPO |
| Price Band | ₹167 – ₹176 |
| Lot Size | 800 |
| Total Issue Size | ₹86.09 Cr (48,91,200 shares) |
IPO Strengths & Risks
Strengths
- Experienced promoters & team
- Omni-channel presence (retail + online + distribution)
- Strategic North India locations
- Asset-light scalable model
- Strong brand partnerships (New Balance)
- Growing consumer loyalty & base
Risks
- Dependence on key brand (New Balance non-exclusive)
- Intense competition in premium retail
- Economic sensitivity & discretionary spending
- Expansion execution risks (new outlets)
- Working capital needs for inventory/retail
IPO Important Dates
| IPO Open Date | 04 Feb 2026 |
| IPO Close Date | 06 Feb 2026 |
| Basis of Allotment | 09 Feb 2026 |
| Refund Initiation | 10 Feb 2026 |
| Demat Credit Date | 10 Feb 2026 |
| Listing Date | 11 Feb 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | 06 Feb 2026 |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – ₹8.16 Cr
Investor Reservation
| QIB Quota | 47.43% (Anchor 28.46% / 13,92,000 shares; QIB ex-anchor 18.97%) |
| Retail Quota | 33.27% (16,27,200 shares) |
| HNI Quota | 14.30% (bNII 9.54%, sNII 4.76%) |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 lots | 1600 | ₹2,81,600 |
| Retail Maximum | 2 lots | 1600 | ₹2,81,600 |
| S-HNI Minimum | 3 lots | 2400 | ₹4,22,400 |
| S-HNI Maximum | - | - | - |
| B-HNI Minimum | 8 lots | 6400 | ₹11,26,400 |
Key Performance Indicators (KPI)
| ROE | 43.69% (Dec 2025) / 108.47% (FY25) |
| ROCE | 36.92% (Dec 2025) / 70.48% (FY25) |
| RoNW | 32.64% (Dec 2025) / 70.33% (FY25) |
| PAT Margin | 20.64% (Dec 2025) / 15.49% (FY25) |
| EBITDA Margin | 28.35% (Dec 2025) / 23.02% (FY25) |
| EPS | ₹15.45 (pre) / ₹14.21 (post) |
| NAV per share | N/A |
| Debt to Equity | 0.26 (Dec 2025) / 0.40 (FY25) |
| P/E Ratio | 11.39x (pre) / 12.38x (post) |
| Industry P/E | 20–50x (premium retail/lifestyle) |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| 31 Mar 2024 | ₹40.49 Cr | ₹123.49 Cr | ₹8.27 Cr | ₹12.01 Cr | ₹8.84 Cr | ₹3.53 Cr |
| 31 Mar 2025 | ₹84.73 Cr | ₹136.30 Cr | ₹20.95 Cr | ₹31.15 Cr | ₹29.79 Cr | ₹11.87 Cr |
| 31 Dec 2025 | ₹101.31 Cr | ₹97.21 Cr | ₹19.67 Cr | ₹27.02 Cr | ₹60.26 Cr | ₹15.68 Cr |
Grey Market Premium
| GMP Price | ₹17 – ₹28 (~9.7–15.9%) pre-listing |
| Kostak Rate | N/A |
| Subject to Sauda | N/A |
| Last Updated | Feb 2026 |
| Estimated Listing Price | ₹183–192 (actual opened ₹183 +3.98%, high ₹192.15, closed strong) |
IPO Subscription Data
| Total Subscription | 107x – 114.48x (final) |
| QIB (Ex Anchor) | 85.24x |
| HNI Subscription | 202.98x (bNII 248.47x, sNII 111.86x) |
| Retail Subscription | 93.12x |
| Anchor | - |
IPO Intermediaries
Registrar: Bigshare Services Pvt. Ltd.
Registrar Website: https://ipo.bigshareonline.com
IPO Lead Manager(s)
Company Information
Address: DPT 718-719, 7th Floor, DLF Prime Tower, Okhla Industrial Area Phase-I, South Delhi, New Delhi 110020
Website: https://brandmanretail.com
Email: info@brandmanretail.com
Phone: 011-46052323
IPO Documents
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