Brandman Retail IPO Receives Exceptional Response, Subscribed 114.23x on Day 3

Brandman Retail Limited's initial public offering (IPO) has demonstrated exceptional investor interest through its third and final day of subscription. The stock price band is set at ₹167-176 per share. The ₹86.09 crore IPO reached 114.23 times by 4:45:00 PM on day three. 

Brandman Retail IPO subscription reached exceptional 114.23 times on day three. It was led by Non-Institutional Investors (202.94x), Individual Investors (92.65x), and Qualified Institutional Buyers Ex-Anchor (85.24x). Total applications reached 1,22,097.

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Subscription Status of Brandman Retail IPO:

Here are the subscription details for Brandman Retail IPO as of Day 3 (February 6, 2026, 4:45:00 PM):

Key Highlights - Day 3:

• Overall subscription reached exceptional 114.23 times, showing extraordinary improvement from day two's 4.91 times
• Non-institutional investors displaying exceptional interest at 202.94 times, building dramatically from day two's 9.35 times
• Individual investors showing exceptional confidence at 92.65 times, building substantially from day two's 5.80 times
• Qualified institutional buyers (ex-anchor) displaying exceptional performance at 85.24 times, building dramatically from day two's 0.01 times
• Cumulative bid amount reached ₹6,542.88 crores, significantly exceeding the net offer size of ₹81.78 crores (excluding anchor and market maker portions) by approximately 80 times
• Anchor investors fully subscribed their allocation of ₹24.50 crores on February 3, 2026
• Market makers fully subscribed their allocation of ₹4.31 crores

Brandman Retail IPO - Day 2 Subscription at 4.91 Times

Key Highlights - Day 2:

• Overall subscription reached moderate 4.91 times, showing substantial improvement from day one's 0.74 times
• Non-institutional investors displaying exceptional performance at 9.35 times, building substantially from day one's 1.41 times
• Individual investors showing moderate confidence at 5.80 times, building substantially from day one's 0.87 times
• Qualified institutional buyers displaying negligible performance at 0.01 times, marginally improving from day one's 0.00 times

Brandman Retail IPO - Day 1 Subscription at 0.74 Times

Key Highlights - Day 1:

• Overall subscription reached weak 0.74 times, showing cautious initial investor interest
• Non-institutional investors displaying moderate performance at 1.41 times, indicating moderate HNI appetite
• Individual investors showing weak confidence at 0.87 times, indicating weak retail interest
• Qualified institutional buyers displaying negligible performance at 0.00 times, indicating no institutional interest on day one

About Brandman Retail Limited

Established in 2021, Brandman Retail Limited distributes international sports and lifestyle brands. The company operates through four key pillars: distribution, licensing, retail, and e-commerce. It is committed to innovation, customer centricity, and sustainability. The company operates two MBOs called "Sneakrz" in Bhatinda and New Delhi and 11 EBOs. The company holds non-exclusive distribution agreements to ensure a diverse, high-quality product range for customers. They sell online through Flipkart, Ajio, and Tata Cliq, fulfilling monthly orders. Competitive strengths include experienced promoters and professional team, omni-channel distribution network, asset light and scalable business model.