Brandman Retail came to market through an SME IPO that opened on 4 February 2026 and closed on 6 February 2026, and the shares listed on 11 February 2026 on NSE SME. The price band was ₹167 to ₹176 per share and one lot was 800 shares, so the minimum application was ₹1,40,800. The issue size was ₹86.09 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt.Ltd was the registrar to the issue, and Gretex Corporate Services Ltd was the lead manager.
As of 6 February 2026.
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Founded in 2021, Brandman Retail Limited is an international sports and lifestyle brand distributor. The company has four major pillars: distribution, licensing, retail, and e-commerce. The company is driven by innovation, customer focus, and sustainability.The company has Exclusive Brand Outlets (EBOs) in the northern part of India, including Ahmedabad, Ambala, Dehradun, New Delhi, Jalandhar, Bathinda, Gurugram, Lucknow, and Noida.
Each outlet is of the standard required by the License Grantee and is mainly a representation of the New Balance brand under a non-exclusive distribution agreement. The company has two MBOs named 'Sneakrz' in Bhatinda and New Delhi and 11 EBOs. The company has non-exclusive distribution agreements to provide a diverse and quality product range to their customers. They also have online sales through Flipkart, Ajio, and Tata Cliq, which meet their monthly orders.
As described in the offer document.
| Metric | 31-Dec-25 | 31-Mar-25 | 31-Mar-24 |
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Mr. Arun Malhotra, Ms. Kavya Malhotra, Ms. kashika Malhotra.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Brandman Retail IPO was a ₹86.09 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹167–₹176 per share with a lot size of 800 shares; the minimum retail application was 1,600 shares (₹2,81,600). The IPO was open from February 4 to February 6, 2026 and was subscribed 114.55x. Shares listed on NSE SME on February 11, 2026 at ₹183, a 4.0% premium to the issue price of ₹176. Bigshare Services Pvt. Ltd. is the registrar.
Gretex Corporate Services Ltd. is the book running lead manager.
The price band of Brandman Retail IPO is ₹167 to ₹176 per share.
The lot size of Brandman Retail IPO is 800 shares.
The minimum investment for Brandman Retail IPO is approximately ₹2,81,600 based on the upper price band.
The allotment date of Brandman Retail IPO is Feb 9, 2026.
No GMP quote could be verified as recorded before Brandman Retail IPO listed. A grey-market observation of ₹15 per share was recorded on 11 Feb 2026, 7:15 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹183. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Brandman Retail IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Brandman Retail IPO allotment status on Rupix for quick and easy access.
₹167 to ₹176 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 800 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,40,800. After listing, SME shares also trade in lots rather than one share at a time.
₹1,40,800, for one lot of 800 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 4 February 2026 and closed on 6 February 2026.
The basis of allotment was published on 9 February 2026 by Bigshare Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 11 February 2026 on NSE SME.
The issue size was ₹86.09 crore. The fresh issue was 48,91,200 shares (aggregating up to ₹86.09 crore).