Brandman Retail IPO
Brandman Retail IPO Details
-
Open Date
04 Feb 2026
-
Close Date
06 Feb 2026
-
Listing Date
11 Feb 2026
- IPO Price Range
₹ 167 to ₹176
- IPO Size
₹ 86.09 Cr
- Listing Exchange
NSE SME
Brandman Retail IPO Timeline
Last Updated: 03 February 2026 5:52 AM by 5paisa
Brandman Retail Limited distributes international sports and lifestyle brands across India, operating through four core pillars: distribution, licensing, retail and e-commerce. The company runs 11 Exclusive Brand Outlets across northern India, primarily representing New Balance under a non-exclusive agreement, alongside two multi-brand “Sneakrz” stores. It also sells online via Flipkart, AJIO and Tata CLiQ, fulfilling regular monthly orders.
Established in: 2021
Managing Director: Mr. Arun Malhotra
Peers:
Redtape Limited
Bata India Limited
Lehar Footwears Limited
Liberty Shoes Limited
Brandman Retail Objectives
1. The company will fund 15 new outlets (₹27.90 Cr).
2. Funds will meet working capital for new outlets (₹11.78 Cr).
3. Funds will support existing outlets’ working capital (₹267.22 Cr).
4. Funds will be used for general corporate expenses.
Brandman Retail IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹86.09 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹86.09 Cr |
Brandman Retail IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1600 | 2,67,200 |
| Retail (Max) | 2 | 1600 | 2,81,600 |
| S-HNI (Min) | 3 | 2400 | 4,00,800 |
| S-HNI (Max) | 7 | 5600 | 9,85,600 |
| B-HNI (Min) | 8 | 6400 | 10,68,800 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 46.31 | 123.33 | 135.29 |
| EBITDA | 1.02 | 12.01 | 31.15 |
| PAT | 0.42 | 8.27 | 20.95 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 36.93 | 40.49 | 84.73 |
| Share Capital | 0.25 | 0.25 | 12.75 |
| Total Liabilities | 34.66 | 28.02 | 42.93 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | -1.30 | 1.68 | -0.70 |
| Net Cash Generated From / (used in) Investing Activities | -0.41 | -3.19 | -2.88 |
| Net Cash Generated From / (used in) Financing Activities | 1.64 | 1.67 | 7.31 |
| Net Increase (Decrease) in Cash and Cash Equivalents | -0.06 | 0.16 | 3.73 |
Strengths
1. Strong portfolio of international lifestyle brands
2. Established New Balance retail presence
3. Omni-channel model across retail and e-commerce
4. Wide northern India store network
Weaknesses
1. High dependence on non-exclusive brand agreements
2. Limited presence outside northern India
3. Working capital intensive retail operations
4. Concentration on footwear-led product categories
Opportunities
1. Expansion through new EBOs and MBOs
2. Growing demand for premium sportswear
3. Increased online sales via major marketplaces
4. Brand diversification through additional licences
Threats
1. Intense competition from global sportswear brands
2. Rising retail rental and operating costs
3. Dependence on marketplace policies and commissions
4. Economic slowdown impacting discretionary spending
1. Strong presence in premium sportswear retail
2. Scalable expansion plans across key cities
3. Omni-channel model supporting consistent revenue growth
4. Partnerships with established international lifestyle brands
Brandman Retail Limited operates in India’s growing sportswear and lifestyle segment, supported by rising urbanisation, fitness awareness and premium brand adoption. Its strong presence in northern India, multi-channel retail model and expansion-led strategy position the company to capture increasing consumer demand. Continued store rollouts, online marketplace partnerships and brand diversification further enhance its long-term growth potential.
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FAQs
Brandman Retail IPO opens from February 4, 2026 to February 6, 2026.
The size of Brandman Retail IPO is ₹86.09 Cr.
The price band of Brandman Retail IPO is fixed at ₹167 to ₹176 per share.
To apply for Brandman Retail IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Brandman Retail. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Brandman Retail IPO is of 1,600 shares and the investment required is ₹2,67,200.
The share allotment date of Brandman Retail IPO is February 9,2026
The Brandman Retail IPO will likely be listed on February 11, 2026.
Gretex Corporate Services Ltd is the book running lead managers for Brandman Retail IPO.
Brandman Retail IPO plans to utilise the raised capital from the IPO for:
1. The company will fund 15 new outlets (₹27.90 Cr).
2. Funds will meet working capital for new outlets (₹11.78 Cr).
3. Funds will support existing outlets’ working capital (₹267.22 Cr).
4. Funds will be used for general corporate expenses.
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