Brandman Retail Limited IPO Date: Subscription & Lot Size Explaine

Brandman Retail Limited IPO Date

Brandman Retail Limited IPO opens for subscription from 4 February 2026 to 6 February 2026, with listing scheduled on 11 February 2026 on NSE SME. That three-day window is when retail and HNI investors can place bids, and honestly, for SME issues like this, demand often becomes clear by Day 2 itself. 

The basis of allotment is expected on 9 February 2026, refunds and credit of shares are slated for 10 February 2026, and then all eyes move to listing day on 11 February to see whether the stock hugs the issue price or surprises with a premium.

What makes this IPO slightly more interesting is the timing: it comes in a phase when consumer and retail-themed SMEs have been attracting decent attention, especially those linked to aspirational categories like sportswear and lifestyle.

That combination of a familiar consumer-facing story plus SME-style valuations is exactly the kind of mix that tends to invite a lot of “Should this be in the high-risk corner of the portfolio?” conversations in WhatsApp groups.

Brandman Retail Limited IPO Details

Brandman Retail’s IPO is a book-built SME issue of roughly ₹86.09 crore, entirely a fresh issue of 48,91,200 equity shares. Instead of throwing every possible metric at once, the core terms that most retail investors usually check are date, price band, lot size, and basic capital structure.

For many small investors, that minimum ticket size around the ₹2.8 lakh mark automatically puts it into the “only if conviction is strong” bucket. The structure, however, is very typical of NSE SME issues heavier lot sizes, but a more focused, smaller pool of investors.

Brandman Retail GMP

Brandman Retail SME IPO’s latest reported grey market premium (GMP) is around ₹0, implying an estimated listing price close to the upper band of ₹176 for now. In plain terms, the grey market at this stage is not signaling any strong upside or downside; it is just quiet. GMP for SMEs can flip quickly closer to listing based on subscription numbers, sentiment in broader markets, and even chatter around comparable peers.

Grey market data is best treated as a noisy sentiment poll, not a valuation tool. Many experienced investors view GMP as “just another data point” rather than a decision trigger especially after seeing cases where a dull-looking GMP still led to healthy listing gains, and vice versa.

The safer approach is still to look at business fundamentals, issue pricing versus earnings, and how scalable the model truly is, and then treat GMP like background noise rather than the main soundtrack.

About Brandman Retail

Brandman Retail Limited is a 2021-born company that distributes international sports and lifestyle brands in India through four pillars: distribution, licensing, retail, and e-commerce.

The company runs 11 Exclusive Brand Outlets (EBOs) across northern India cities like Ahmedabad, Ambala, Dehradun, New Delhi, Jalandhar, Bathinda, Gurugram, Lucknow, and Noida primarily retailing the New Balance brand under non-exclusive distribution agreements. Alongside that, it operates two multi-brand outlets under the “Sneakrz” name in Bathinda and New Delhi.

A lot of younger customers now discover brands first on e-commerce, so it helps that Brandman Retail also sells via platforms such as Flipkart, Ajio, and Tata Cliq, using an asset-light, trading-led model that focuses more on inventory and retail operations than manufacturing.

The IPO money is planned for expanding the retail network (proposed new EBOs and MBOs), supporting working capital, and general corporate purposes, which essentially means an attempt to ride the rising sneaker and athleisure wave beyond the current cluster of northern cities.

There is, of course, the flip side: dependence on non-exclusive brand arrangements means those same international labels can appoint other distributors, creating pricing pressure and competition in the very geographies Brandman Retail is trying to build.

Add in the usual SME risks store location uncertainty, lease costs, and tight compliance with marketplace platforms and it becomes the kind of IPO that suits investors who are comfortable with both consumer-facing stories and the volatility that tends to come with SME listings.

Disclaimer

The information shared about Brandman Retail Limited IPO date, price band, lot size, GMP and other details is based on publicly available data and is meant for general informational and educational purposes only. It should not be considered financial, investment, or trading advice. Stock market investments are subject to market risks, and IPOs especially SME IPOs can be highly volatile. Always verify the latest details (including any changes in dates, price band, or GMP) from official exchanges, the company’s RHP/DRHP, and your broker before making any decision. Consult a SEBI-registered financial advisor if unsure about the suitability of this IPO for your risk profile.