Brandman Retail IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Financial Analysis
| Metric | 2024 | 2025 | Dec 2025 |
|---|---|---|---|
| Revenue | 123.49 | 136.30 | 97.21 |
| Expense | 112.34 | 107.97 | 70.68 |
| Profit (PAT) | 8.27 | 20.95 | 19.67 |
| Total Assets | 40.49 | 84.73 | 101.31 |
| Company | EPS | P/E | Market Cap (Cr) |
|---|---|---|---|
| Redtape Limited | 3.08 | 47.39 | 22 |
| Bata India Limited | 25.73 | 47.41 | 21 |
| Lehar Footwears Limited | 6.15 | 34.59 | 10 |
| Liberty Shoes Limited | 7.92 | 40.57 | 6 |
Promoters: Mr. Arun Malhotra, Ms. Kavya Malhotra, and Ms. kashika Malhotra
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,35,65,986 | 93.91% |
Strengths & Risks
- Heavily oversubscribed — 114.6x overall (final).
- Strong institutional (QIB) demand — 85.2x.
- Solid profit margin — 15.4%.
- Strong return on equity — 108%.
- Low leverage — debt/equity of 0.40.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Brandman Retail, founded in 2021, sells international sports and lifestyle brands. The company runs via 4 main segments: distribution, licensing, retail, and e-commerce. Its product portfolio includes a wide range of footwear, apparel, accessories & equipment. The company operates various Exclusive Brand Outlets (EBOs) across India, such as Ahmedabad, Ambala, Dehradun, New Delhi, Jalandhar, Bathinda, Gurugram, Lucknow, and Noida. Moreover, under the brand name Sneakrz, the company runs 2 Multi-Brand Outlets (MBOs) in Bathinda and New Delhi, as well as 11 Exclusive Brand Outlets. The firm sells its products via various e-commerce websites, Flipkart, Ajio, and Tata Cliq. The main motive of the Brandam retail is to offer innovation, sustainability, and a customer-centric approach.
Brandman Retail Ltd., DPT 718-719,, 7th Floor DLF Prime Tower, Okhla Industrial Area Phase-I,, South Delhi, New Delhi, 110020
| Purpose | Amount (Cr) |
|---|---|
| Funding Capital Expenditure for expansion of our New Retail Network by launching 15 Exclusive Brand Outlets (EBOs) and Multi-Brand Outlets (MBOs) | 27.90 |
| Working Capital Requirements for New EBOs and MBOs | 11.78 |
| Working Capital Requirements for Existing EBOs and MBOs | 267.22 |
| General Corporate Expenses | - |
Resources & Documents
Brandman Retail has set a price band of Rs 167–Rs 176 per share for an issue size of Rs 86 crore in the retail sector. The stock listed with a 3.98% gain versus its issue price on February 11, 2026.
Brandman Retail, founded in 2021, sells international sports and lifestyle brands. The company runs via 4 main segments: distribution, licensing, retail, and e-commerce. The company operates in the retail space.
The issue is promoted by Mr. Arun Malhotra, Ms. Kavya Malhotra, and Ms. kashika Malhotra with Gretex Corporate Services Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding Capital Expenditure for expansion of our New Retail Network by launching 15 Exclusive Brand Outlets (EBOs) and M… (Rs 28 crore) and Working Capital Requirements for New EBOs and MBOs (Rs 12 crore).
On fundamentals, the company is posting revenue growth of 10.4%, a profit margin of 15.4%, return on equity of 108.5% in its most recent reported period. Listed peers in this segment include Redtape Limited (P/E 47.39x, market cap Rs 22 crore) and Bata India Limited (P/E 47.41x, market cap Rs 21 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Brandman Retail IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Brandman Retail GMP history and trend, or learn how grey market premium works and how reliable it is.
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