Brandman Retail IPO
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Brandman Retail IPO details
Schedule of Brandman Retail
| Issue open date | 04 Feb 2026 |
| Issue close date | 06 Feb 2026 |
| UPI mandate deadline | 06 Feb 2026 (5 PM) |
| Allotment finalization | 09 Feb 2026 |
| Refund initiation | 10 Feb 2026 |
| Share credit | 10 Feb 2026 |
| Listing date | 11 Feb 2026 |
| Mandate end date | 21 Feb 2026 |
| Lock-in end date for anchor investors (50%) | 11 Mar 2026 |
| Lock-in end date for anchor investors (remaining) | 10 May 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Brandman Retail
Brandman Retail Limited was incorporated in July 2021 and is headquartered in New Delhi. The company was founded by its promoters, Mr Arun Malhotra, Ms Kavya Malhotra, and Ms Kashika Malhotra. It operates in the organised retail segment with a focus on licensed fashion and lifestyle brands. Brandman Retail is engaged in the design, sourcing, distribution, and retail of footwear and athleisure products. Its portfolio primarily comprises licensed and partner brands. The company sells through a multi-channel network, including Exclusive Brand Outlets (EBOs), Multi-Brand Outlets (MBOs), and online marketplaces across India. The business model combines brand partnerships, product development capabilities, and an asset-light retail expansion strategy. Revenues are generated through wholesale distribution as well as direct-to-consumer retail sales. Brandman Retail’s strengths lie in its experience with licensed brands, strong supplier relationships, growing retail footprint, and ability to operate across multiple price points and formats. This positions the company to scale efficiently within India’s expanding branded footwear and athleisure market.
Financials of Brandman Retail
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 86.09 |
| Fresh Issue – Proceeds go to the company | 86.09 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Expansion of retail network (15 EBOs & MBOs) | 27.09 (32.41%) |
| Working capital for new EBOs & MBOs | 11.78 (13.68%) |
| Working capital for existing EBOs & MBOs | 26.72 (31.03%) |
| General corporate purposes | 19.69 (22.88%) |
Strengths
- Portfolio of premium international footwear and athleisure brands.
- Presence across EBOs, MBOs, online marketplaces, and own website.
- Rapid expansion of retail footprint across multiple Indian cities.
- Experienced promoters with strong retail and brand management backgrounds.
- Improving store-level metrics, such as revenue per square foot.
Risks
- Dependence on non-exclusive brand licensing and distribution arrangements.
- High working capital requirements due to inventory-led operations.
- Geographic concentration of stores may expose the business to regional risks.
- Intense competition from established domestic and global brands.
- Exposure to changing consumer preferences and fashion trends.
Allotment Status for Brandman Retail
To check your IPO allotment status:
- Visit the Bigshare Services IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status
Subscription Figures for Brandman Retail
As per media reports (Link), the Grey Market Premium (GMP) of Brandman Retail is reported at ₹26 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 05:00 PM on 06 February 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 9.28 | 791.05 | 85.24x |
| NII | 6.99 | 1419.26 | 202.98x |
| Retail | 16.27 | 1515.20 | 93.12x |
| Total | 32.54 | 3725.51 | 114.48x |