Brandman Retail IPO Details
| Detail | Description |
|---|---|
| IPO Date | 4 to 6 Feb, 2026 |
| Listing Date | Wed, Feb 11, 2026 |
| Face Value | ₹ 10 per share |
| Issue Price Band | ₹ 167 to ₹ 176 |
| Lot Size | 800 Shares |
| IPO Type | Fresh Capital |
| Total Issue Size | 48,91,200 shares (agg. up to ₹ 86 Cr) |
| Reserved for Market Maker | 2,44,800 shares (agg. up to ₹ 4 Cr) Gretex Share Broking Pvt.Ltd. Shree Bahubali Stock Broking Ltd. |
| Fresh Issue(Ex Market Maker) | - |
| Offer for Sale | - |
| Net Offered to Public | 46,46,400 shares (agg. up to ₹ 82 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,35,65,986 shares |
| Share Holding Post Issue | 1,84,57,186 shares |
About Brandman Retail IPO
Brandman Retail IPO is a book-building IPO of ₹86.09 crore, an entire fresh issue of 0.49 crore shares, with a lot size for an application of 800. The price band for this IPO is set at ₹167 to ₹176 per share and the minimum amount of investment required by an individual investor (retail investor) is ₹281,600 (1,600 shares). The IPO will open for subscription from Feb 4, 2026, to Feb 6, 2026, while shares are supposed to list on the NSE SME platform with a tentative listing date fixed as Feb 11, 2026.
Company Background
Brandman Retail Ltd. was established in 2021, is based in New Delhi, and is a premier distributor and retailer of international sports and lifestyle brands in India. The company operates a cultured multi-channel model across 4 pillars: distribution, licensing, e-commerce, and retail. It is a key partner for global giants, serving as a primary licensee for New Balance and holding agreements with brands like On, Rockport and Salomon.
Brandman Retail Ltd. manages 2 MBOs under the proprietary brand “Sneakrz” and 11 Exclusive Brand Outlets (EBOs) across North India. They use an asset-light, scalable business model bolstered by a strong digital presence on platforms like Flipkart and Ajio, alongside a strategic expansion into airport retail. Led by founder Arun Malhotra, the company is currently transitioning from a private to a public entity with an upcoming NSE SME IPO to fuel its next phase of growth.
Operations and Product Range
Facility and Production
Brandman Retail Ltd. operates through an asset-light model focused on high-traffic retail distribution rather than manufacturing. Its primary "facilities" include 11 Exclusive Brand Outlets (EBOs) and 2 Multi-Brand Outlets (MBOs) strategically located across Northern India (like Gurugram, Delhi and Noida). The company also utilizes advanced e-commerce fulfillment centers to manage online sales across major marketplaces.
Brands and Market Presence
The company maintains a strong market presence as a key distribution partner for global athleisure giants like New Balance, On, Salomon and Rockport. Its retail footprint spans major cities, including Delhi, Gurugram and Noida. Additionally, its proprietary brand, "Sneakrz," is expanding nationwide to capture the growing Indian premium footwear market.
Revenue Channels
- • Offline sales via retail stores, which are located in the top locations of North India, like New Delhi, Gurugram and Noida.
- • E-commerce platform: Digital sales via its own website and leading platforms like Flipkart, Ajio and Tata Cliq
- • Distribution & Licensing of brand portfolio and B2B sales
Management and Shareholding
Promoters and Shareholding
Brandman Retail Ltd. is led by Arun Malhotra (Founder & Managing Director), supported by Kavya Malhotra and Kashika Malhotra as part of the core promoter group. The promoter of the company holds a significant portion of the company and yet they will continue to preserve ownership, ensuring leadership continuity and final decision-making.
Board Members
The Board of Directors of Brandman Retail Ltd. includes Arun Malhotra and Kavya Malhotra, alongside experienced professionals like Vishnu Pillai and Rajesh Dudi. The board members of this company are structured with specialized committees including Audit and Nomination & Remuneration to ensure high standards of corporate governance, as the company is listed on the NSE Emerge platform.
Brandman Retail IPO Objectives
- • Funding capital expenditure for the expansion of the retail network
- • Funding the working capital requirement to strengthen the operational activities
- • General corporate purposes
Conclusion
Brandman Retail IPO provides an opportunity to invest in a growing company that has global market reach and experienced promoters & key management. The company has a plan to expand its retail network by launching 15 exclusive brand outlets and multi-brand outlets, which not only mark the brand name in the market but also help in strengthening the position.
Brandman Retail IPO Financial Information
Latest Revenue
97.21
₹ Crore
Profit After Tax
19.67
₹ Crore
Net Worth
60.26
₹ Crore
Total Borrowing
15.68
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Dec 2025 | 101.31 | 97.21 | 19.67 | 60.26 | 46.70 | 15.68 |
| 31 Mar 2025 | 84.73 | 136.30 | 20.95 | 29.79 | 17.04 | 11.87 |
| 31 Mar 2024 | 40.49 | 123.49 | 8.27 | 8.84 | 8.59 | 3.53 |
| Amount in ₹ Crore | ||||||
Brandman Retail Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 108.47% |
| ROCE | 70.48% |
| Debt/Equity | 0.40x |
| RoNW | 70.33% |
| PAT Margin | 15.49% |
| EBITDA Margin | 23.02% |
| Price to Book Value | 7.53 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 15.45 | 14.21 |
| P/E (x) | 11.39 | 12.38 |
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Competitive Strengths
Diverse product portfolio with global market reach.
Strategic location with strong market access.
Experienced promoters and a professional team that helps in wise decision-making.
Powerful customer base and customer loyalty.
Download regulatory filings
Brandman Retail IPO Timeline
| IPO Open Date | Wed, Feb 4, 2026 |
| IPO Close Date | Fri, Feb 6, 2026 |
| Tentative Allotment | Mon, Feb 9, 2026 |
| Initiation of Refunds | Tue, Feb 10, 2026 |
| Credit of Shares to Demat | Tue, Feb 10, 2026 |
| Tentative Listing Date | Wed, Feb 11, 2026 |
| Cut-off time for UPI mandate confirmation | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1,600 | ₹ 2,81,600 |
| Individual investors (Retail) (Max) | 2 | 1,600 | ₹ 2,81,600 |
| S-HNI (Min) | 3 | 2,400 | ₹ 4,22,400 |
| S-HNI (Max) | 7 | 5,600 | ₹ 9,85,600 |
| B-HNI (Min) | 8 | 6,400 | ₹ 11,26,400 |