Brandman Retail SME IPO listing: Shares hit upper circuit after a positive debut; details here

Brandman Retail SME IPO Listing Sees Modest Gains on Debut

Brandman Retail, a distributor of international sports and lifestyle brands, made a strong debut on the market with its share price reaching the upper circuit limit. The company's share price opened at ₹183, a modest gain of ₹7 from its IPO price of ₹176.

The share price of Brandman Retail continued to rise, hitting its upper price band of ₹192.15. This performance was in line with expectations in the grey market, where the stock's grey market premium (GMP) was ₹20.

About Brandman Retail

Brandman Retail operates several Exclusive Brand Outlets across various cities in North India. The company has experienced significant growth in its income, with ₹136 crore in FY25, a ₹13 crore increase from ₹123 crore in the previous year.

Notably, Brandman Retail's profit has more than doubled during this period, reaching ₹21 crore in FY25 from ₹8 crore a year ago.

Key Highlights

• Brandman Retail share price opened at ₹183, a ₹7 gain from IPO price of ₹176.
• Share price hit upper price band of ₹192.15.
• Grey market premium (GMP) of ₹20.
• Income increased to ₹136 crore in FY25 from ₹123 crore a year ago.
• Profit more than doubled to ₹21 crore in FY25 from ₹8 crore a year ago.