| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹86.09 Cr |
| Reserved for Market Maker | ₹4.31 Cr |
| Net Issue Size | ₹86.09 Cr |
| Fresh Issue | ₹81.78 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน167.00-176.00 per share |
| NSE Code | BRANDMAN |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Gretex Corporate Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares ยท Multiples of 800 shares
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 Exclusive Brand Outlets (EBOs) in northern India, including cities like Ahmedabad, Ambala, Dehradun, New Delhi, Jalandhar, Bathinda, Gurugram, Lucknow, and Noida. Each store meets the License Grantee's standards and primarily represents the New Balance brand under a non-exclusive distribution agreement.
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 Strength:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure for expansion of New Retail Network by launching 15 Exclusive Brand Outlets (EBOs) and Multi-Brand Outlets (MBOs) | 27.90 |
| 2 | Working Capital Requirements for New EBOs and MBOs | 11.78 |
| 3 | Working Capital Requirements for Existing EBOs and MBOs | 26.72 |
| 4 | General Corporate Expenses | 8.16 |
| 5 | Issue Expenses | 11.52 |
| Total | 86.09 |
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 101.31 | 84.73 | 40.49 |
| Total Income | 97.21 | 136.30 | 123.49 |
| Profit After Tax | 19.67 | 20.95 | 8.27 |
| EBITDA | 27.02 | 31.15 | 12.01 |
| NET Worth | 60.26 | 29.79 | 8.84 |
| Reserves and Surplus | 46.70 | 17.04 | 8.59 |
| Total Borrowing | 15.68 | 11.87 | 3.53 |
| Amount in ₹ Crore | |||
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 43.69% | 108.47% |
| ROCE | 36.92% | 70.48% |
| Debt / Equity | 0.26% | 0.40% |
| RoNW | 32.64% | 70.33% |
| PAT Margin | 20.64% | 15.49% |
| EBITDA Margin | 28.35% | 23.02% |
| Price to Book Value | 7.53 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 15.45 | 14.21 |
| P/E (x) | 11.39 | 12.38 |
| Promoter Holding | 99.92% | 69.03% |
| Market Cap | โน324.85 Cr. | |