Ahead of IPO, Brandman Retail collects Rs 24.5 cr from anchor investors

Brandman Retail Secures Rs 24.5 Crore from Anchor Investors Ahead of IPO

Brandman Retail, a retail and distribution platform for premium international brands, has collected Rs 24.5 crore from anchor investors ahead of its initial public offering, which will open for public subscription on February 4.

The city-based company has allocated 13.92 lakh equity shares to six entities, including Sanshi Fund-I, Founders Collective Fund, Bharat Venture Opportunities Fund, and India Max Investment Fund Ltd, at a price of Rs 176 per equity share.

IPO Details

• Issue Size: Up to 48.91 lakh equity shares
• Price Band: Rs 167-176 per share
• Aggregate Value: Rs 86.08 crore
• Listing Date: February 9 (tentative)

The IPO, entirely a fresh issue, will be listed on the NSE’s Emerge platform. The proceeds from the IPO will be utilised for expansion of new retail network, working capital requirements, and general corporate purposes.

“The proceeds from the fresh issue will support expansion of the retail network, refurbishment of existing outlets, and strengthening of working capital to enhance operational efficiency and execution across channels," said Arun Malhotra, Promoter, MD and Chairman of Brandman Retail Ltd.

About Brandman Retail

Brandman Retail is a company-owned and company-operated (COCO)-led retail strategy and an agile multi-channel operator of premium footwear, apparel, and accessories.

For the nine-month period ended December 2025, the company reported a revenue of Rs 95.31 crore. Gretex Corporate Services is the sole book-running lead manager for the IPO.