Brandman Retail IPO GMP, Date, Price, Review, Details

Getting ready for an IPO can feel like a mountain of data, but at its heart, Brandman Retail Limited is a story about the shoes and workout gear we see every day. Based in Delhi, they’ve become a quiet powerhouse in the North Indian sports and lifestyle scene. If you’ve ever browsed a major sports outlet, you’ve likely seen their products. Now, they're stepping onto the NSE SME stage to fund a serious expansion.

Brandman Retail IPO: The Essentials

This is a Book Built Issue, meaning the price is determined by investor demand within a specific range.

The IPO is entirely a fresh issue, which means the money raised will go directly into the company for expansion and working capital needs.

What is Brandman Retail Pvt Ltd?

Brandman Retail Pvt Ltd was incorporated in 2021. In a short span, the company has built a structured retail presence across North India in the sports and athleisure segment.

It acts as a bridge between major global brands and Indian consumers, operating a retail-focused distribution model.

The Business Model: Behind the Brand

Brandman isn’t just a shop; it’s a retail distribution ecosystem.

What They Sell

• Footwear
• Athleisure apparel
• Accessories

How They Sell

• Exclusive Brand Outlets (EBOs)
• Multi-Brand Outlets (MBOs)
• Direct-to-Consumer (D2C) Website

The recent D2C push shows management’s intent to capture online growth alongside offline expansion.

Brandman Retail IPO GMP (Grey Market Premium)

One of the most searched queries is: Brandman Retail IPO GMP today.

Grey Market Premium (GMP) refers to the premium at which IPO shares are traded unofficially before listing.

Important points regarding Brandman Retail IPO GMP:

• SME IPO GMP can be highly volatile.
• GMP may change daily depending on demand.
• GMP should not be the sole basis for investment decisions.

SME IPOs often show sharp movements both pre-listing and post-listing due to lower liquidity.

Financial Health: A Closer Look

The numbers tell a story of rapid scaling.

Key Financial Insights

 ✔ Revenue growth is steady

✔ Net profit has nearly tripled in FY25

✔ PAT margin improved significantly

⚠ Borrowings increased substantially

Margin Expansion

The jump in profit margins from 6% to over 20% is eye-catching. It indicates improved operational efficiency, better cost control, or higher-margin product mix.

Rising Borrowings

Borrowings have increased as the company stocks inventory and expands stores. Retail businesses often require working capital cycles, but sustained debt growth must be monitored.

Why Is Brandman Retail Pvt Ltd IPO Raising Funds?

The company has clearly stated fund utilization:

Store Expansion – ₹27.90 Cr

• Opening 15 new retail outlets
• Expanding physical presence
• Strengthening brand reach

Working Capital – ₹38.49 Cr

In retail, inventory is king. Working capital ensures:

• Timely stock replenishment
• Seasonal product availability
• Smooth supply chain operations

This indicates a growth-driven capital raise rather than debt reduction.

Industry Overview: Retail & Athleisure Opportunity

The Indian sports and athleisure market has been witnessing structural growth due to:

• Rising disposable income
• Fitness awareness
• Brand-conscious youth population
• Tier 2 and Tier 3 expansion

Brandman Retail Pvt Ltd is strategically positioned in North India, which has strong consumption demand and retail expansion opportunities.

Competitive Landscape

Brandman competes with organized retail giants and the unorganized market.

Major competitors include:

• Bata India Ltd
• Red Tape

In addition, a large unorganized footwear market adds pricing pressure.

Competition remains one of the key structural risks in this segment.

Risk Factors to Consider

No IPO is risk-free. Investors must evaluate the following:

1. Brand Reliance

The company operates on brand licensing. If a major brand partnership ends, revenue could be impacted.

2. Customer Concentration

About 55% of revenue comes from the top 10 customers.

High concentration risk may affect stability.

3. Cash Flow Concerns

Negative operating cash flow has been observed recently.

4. Debt Increase

Borrowings have increased significantly over the last two financial years.

5. SME Listing Risks

• Lower liquidity
• Higher volatility
• Wider bid-ask spreads

Brandman Retail IPO Valuation Analysis

At the upper band of ₹176:

• P/E ratio is approximately 11x–12x (based on FY25 earnings).

Compared to listed retail peers, the valuation appears reasonable.

However:

• SME stocks often trade at discounted valuations.
• Liquidity premium is lower compared to mainboard stocks.

Valuation alone should not be the sole factor.

Subscription & Listing Expectations

In SME IPOs, subscription demand in:

• Retail category
• HNI category

Plays a major role in listing performance.

High oversubscription may create listing premium momentum.

However, weak subscription could limit listing gains.

Should You Apply for Brandman Retail IPO?

Suitable For:

 ✔ Investors comfortable with SME risk

✔ Growth-oriented retail investors

✔ Medium-term holding strategy

Avoid If:

 ✖ You prefer blue-chip stability

✖ You seek quick exit liquidity

✖ You invest solely based on GMP

How to Apply for Brandman Retail IPO

You can apply for the Brandman Retail IPO through any broker platform like Firstock – Stock Trading App or via your bank’s ASBA facility.

Important Dates: Brandman Retail Pvt Ltd IPO

Brandman Retail IPO – Quick Summary for Featured Snippet

Brandman Retail IPO opens on February 4, 2026, and closes on February 6, 2026. The price band is ₹167 to ₹176 per share with a lot size of 1,600 shares. It is a 100% fresh issue listed on NSE SME. Funds will be used for store expansion and working capital.

Final Review: Brandman Retail IPO Analysis

Brandman Retail Pvt Ltd presents a high-growth SME retail opportunity. Strong margin improvement and aggressive store expansion are positives.

However, rising borrowings, concentration risk, and SME liquidity concerns must be carefully evaluated.

If you believe in the retail consumption story of North India and are comfortable with SME volatility, Brandman Retail IPO could be an interesting addition to your watchlist.

For conservative investors, risk assessment and allocation discipline remain essential.

FAQs

1. What is the Brandman Retail IPO date?

The IPO opens on February 4, 2026 and closes on February 6, 2026.

2. What is the Brandman Retail IPO price band?

The price band is ₹167 – ₹176 per share.

3. What is Brandman Retail IPO GMP today?

Brandman Retail IPO GMP fluctuates daily based on grey market demand. Investors should check live updates from reliable IPO tracking platforms.

4. What is the lot size for Brandman Retail Pvt Ltd IPO?

The lot size is 1,600 shares. Minimum investment at upper band is ₹2,81,600.

5. Is Brandman Retail Pvt Ltd IPO a fresh issue?

Yes, it is a 100% fresh issue.

6. What will the IPO funds be used for?

Store expansion and working capital requirements.

7. What is the expected listing date?

Shares are expected to list on NSE SME around February 11, 2026.

8. Is Brandman Retail IPO good for long term?

It may suit investors who believe in North Indian retail expansion and can handle SME volatility.

9. Is Brandman Retail IPO good for listing gains?

Listing gains depend on GMP, subscription levels, and overall market sentiment.

10. Who is the registrar for Brandman Retail Pvt Ltd IPO?

Bigshare Services Private Limited is the registrar.

11. What is the issue type?

Book Built Issue.

12. Where will Brandman Retail IPO list?

On NSE SME platform.

Disclaimer

This content is for educational purposes only and should not be considered investment advice. Please refer to the Red Herring Prospectus (RHP) of Accretion Nutraveda Limited before investing.