Brandman Retail to raise ₹80 crore via IPO on NSE Emerge

Brandman Retail, a fast-growing retail and distribution platform for premium international brands in India, plans to raise ₹80 crore through initial public offering on NSE Emerge. The company will issue 48.91 lakh equity shares at ₹167 - ₹ 176 a share. The IPO will open for subscription on February 4. The net proceeds from the IPO will be used for expansion of new Retail Network by launching 15 Exclusive Brand Outlets and Multi-Brand Outlets, working capital requirements for EBOs and MBOs and General Corporate Expenses. Gretex Corporate Services will be the book running lead manager, while Bigshare Services has been appointed as registrar. Arun Malhotra, promoter, Managing Director & Chairman of Brandman Retail said over the years, the company has built a presence in the organised retail segment through a diversified portfolio of international footwear and apparel brands and a multi-channel operating model. 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. Sumeet Harlalka, Whole-Time Director of Gretex Corporate said the retail-focused company is supported by strong fundamentals, a diversified sales channel mix and an established presence in the organised footwear and apparel segment. The company has demonstrated consistent growth in operations, backed by its relationships with international brands and its expanding retail footprint across key markets, he said. Published on February 3, 2026