Brandman Retail IPO
Market Sentiment
Market Lot Size
IPO Details
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 | P/E | EPS | Market Cap (Cr) |
|---|---|---|---|
| Redtape Limited | 47.39 | 3.08 | 22 |
| Bata India Limited | 47.41 | 25.73 | 21 |
| Lehar Footwears Limited | 34.59 | 6.15 | 10 |
| Liberty Shoes Limited | 40.57 | 7.92 | 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% |
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.
| 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 Ltd., DPT 718-719,, 7th Floor DLF Prime Tower, Okhla Industrial Area Phase-I,, South Delhi, New Delhi, 110020
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).
Grey market is quoting a premium of +Rs 17 (+9.7% over issue price). Final subscription data records overall subscription at 114.55x, retail at 93.12x, QIB at 85.24x, NII at 203.33x.
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.
Our data-driven engine currently flags this issue as a Subscribe call — the composite picture tilts favourable, though not without some caveats. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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