IPO Issue Details
Issue Price / Price Band₹176 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size800 Shares per Lot
Total Issue Size48,91,200 shares (agg. up to ₹86 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenNot Available
Subscription CloseNot Available
Basis of Allotment~6 days after close
Initiation of Refunds~7 days after close
Credit of Shares to Demat~7 days after close
Listing DateWed, 11 Feb 2026
UPI Mandate DeadlineBy 5 PM on closing day
Application & Investment Details
Retail — Min (2 Lots)₹2,81,600 — 1,600 shares
Retail — Max (13 Lots)₹1,830,400 (13 Lots)
HNI — Min (3 Lots)₹4,22,400 — 2,400 shares
QIB Quota47.43% of Issue
NII / HNI Quota14.30% of Issue
Retail Quota33.27% of Issue
Market Maker Quota5.00% of Issue
EPS (Pre-IPO)₹15.45
EPS (Post-IPO)₹14.21
P/E Ratio (Pre-IPO)11.39x
P/E Ratio (Post-IPO)12.38x
Net Offer to Public46,46,400 shares (agg. up to ₹82 Cr)
Reserved for Market Maker2,44,800 shares (agg. up to ₹4 Cr)
Pre-IPO Promoter Holding1,35,65,986 shares
Post-IPO Promoter Holding1,84,57,186 shares
About Brandman Retail Ltd
Brandman Retail Ltd is proposing an Initial Public Offering (IPO) on the NSE SME platform under the SME category.
The total issue size is 48,91,200 shares (agg. up to ₹86 Cr).
The IPO subscription opens on the announced date and closes on the announced date. Listing is expected on 11 Feb 2026.
Investors can apply through ASBA or UPI via their broker app.
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,35,65,986 shares
Post-IPO Promoter Holding
1,84,57,186 shares
IPO Subscription Status
Listed on 11 Feb 2026
Final subscription figures recorded below
UPI Mandate Deadline: By 5 PM on closing day
Important Dates
Subscription OpensTo be announced
Subscription ClosesTo be announced
Basis of Allotment~6 days after close
Listing DateWed, 11 Feb 2026
UPI Mandate DeadlineBy 5 PM on closing day
Lot Size & Investment Table
| Application | Lots | Shares | Amount |
|---|
| Retail (Min — 2 Lots) |
2 |
1,600 |
₹281,600 |
| Retail (Max — 13 Lots) |
13 |
10,400 |
₹1,830,400 |
| S-HNI (Min — 14 Lots) |
14 |
11,200 |
₹1,971,200 |
| S-HNI (Max — 66 Lots) |
66 |
52,800 |
₹9,292,800 |
| B-HNI (Min — 67 Lots) |
67 |
53,600 |
₹9,433,600 |
* Issue Price ₹176 × Lot Size 800 shares
Company Financials — Restated Consolidated
(Amount in Rs Cr)
| Particulars |
31 Dec 2025 |
31 Mar 2025 |
31 Mar 2024 |
| Revenue from Operations |
97.21 |
136.30 |
123.49 |
| EBITDA |
27.02 |
31.15 |
12.01 |
| Profit After Tax (PAT) |
19.67 |
20.95 |
8.27 |
| Net Worth |
60.26 |
29.79 |
8.84 |
| Total Assets |
101.31 |
84.73 |
40.49 |
| Reserves & Surplus |
46.70 |
17.04 |
8.59 |
| Total Borrowings |
15.68 |
11.87 |
3.53 |
| EBITDA Margin (%) |
28.35% |
— | — |
| PAT Margin (%) |
20.64% |
— | — |
Key Ratios & Valuation
Issue Price₹176
Face Value₹10.00 Per Share
Price / Book Value (P/BV)Not Available
Return on Equity (RoE)43.69%
Return on Capital Employed (RoCE)36.92%
Return on Net Worth (RoNW)32.64%
PAT Margin (%)20.64%
EBITDA Margin (%)28.35%
Debt / Equity Ratio0.26
Issue Structure & Shareholding
Total Shares Offered48,91,200 (100.00%)
Net Offer to Public46,46,400 shares (agg. up to ₹82 Cr)
Reserved for Market Maker2,44,800 shares (agg. up to ₹4 Cr)
Pre-Issue Promoter Holding1,35,65,986 shares
Post-Issue Promoter Holding1,84,57,186 shares
Script CodeNot Available
Objects of the Issue
Brandman Retail Ltd proposes to utilize the net proceeds raised through this IPO for the following objects as stated in the Draft Red Herring Prospectus (DRHP) filed with SEBI:
Issue Composition & Shareholding
Issue TypeBookbuilding IPO
Sale TypeFresh Capital
Total Shares Offered48,91,200 (100.00%)
Net Offer to Public46,46,400 shares (agg. up to ₹82 Cr)
Reserved for Market Maker2,44,800 shares (agg. up to ₹4 Cr)
Pre-Issue Promoter Holding1,35,65,986 shares
Post-Issue Promoter Holding1,84,57,186 shares
