Brandman Retail IPO vs M P K Steels IPO

Comparison between Brandman Retail IPO and M P K Steels IPO.

IPO Details

Brandman Retail IPO is a SME Bookbuilding IPO proposed to list at NSE SME while M P K Steels IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Brandman Retail IPO is up to ₹81.78 Cr whereas the issue size of the M P K Steels IPO is up to ₹24.45 Cr. The final issue price of Brandman Retail IPO is ₹176.00 per share and of M P K Steels IPO is ₹79.00 per share.

 Brandman Retail IPOM P K Steels IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹167.00 per share₹75.00 per share
Issue Price (Upper)₹176.00 per share₹79.00 per share
Issue Price (Final)₹176.00 per share₹79.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size800 shares1600 shares
Fresh Issue Size46,46,400 shares30,94,400 shares
Fresh Issue Size (Amount)up to ₹81.78 Crup to ₹24.45 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total46,46,400 shares30,94,400 shares
Issue Size Total (Amount)up to ₹81.78 Crup to ₹24.45 Cr

IPO Timetable

Brandman Retail IPO opens on Feb 04, 2026, while M P K Steels IPO opens on Sep 26, 2025. The closing date of Brandman Retail IPO and M P K Steels IPO is Feb 06, 2026, and Sep 30, 2025, respectively.

 Brandman Retail IPOM P K Steels IPO
Anchor Bid DateFeb 03, 2026
Issue OpenFeb 04, 2026Sep 26, 2025
Issue CloseFeb 06, 2026Sep 30, 2025
Basis Of Allotment (Tentative)Feb 09, 2026Oct 01, 2025
Initiation of Refunds (Tentative)Feb 10, 2026Oct 03, 2025
Credit of Share (Tentative)Feb 10, 2026Oct 03, 2025
Listing date (Tentative)Feb 11, 2026Oct 06, 2025
Anchor Lockin End date 1Mar 10, 2026
Anchor Lockin End date 2May 09, 2026

Financials & KPIs

Brandman Retail IPO P/E ratio is 11.39, as compared to M P K Steels IPO P/E ratio of 9.04.

 Brandman Retail IPOM P K Steels IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Dec 202531 Mar 202531 Mar 2024
Assets101.3184.7340.49
Total Income97.21136.30123.49
Profit After Tax19.6720.958.27
EBITDA27.0231.1512.01
NET Worth60.2629.798.84
Reserves and Surplus46.7017.048.59
Total Borrowing15.6811.873.53
Amount in ₹ Crore

Company Financials (Restated)

M P K Steels (I) Ltd.'s revenue increased by 10% and profit after tax (PAT) rose by 95% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets62.3656.6445.67
Total Income208.03189.17138.85
Profit After Tax6.053.111.81
EBITDA8.693.281.91
NET Worth24.2318.1815.07
Reserves and Surplus17.3114.7211.61
Total Borrowing18.4813.9414.54
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.9297.82
Promoter Shareholding (Post-Issue)69.0366.52
P/E Ratio11.399.04
Market Cap₹324.85 Cr.₹80.43 Cr.
ROE108.4728.55
ROCE70.4819.32
Debt/Equity0.400.76
EPS₹15.45₹8.74
RoNW70.3324.98

Shares Offered

In the Brandman Retail IPO Retail Individual Investors (RII) are offered 16,27,200 shares while in M P K Steels IPO retail investors are offered 16,27,200 shares. Qualified Institutional Buyers (QIB) are offered 9,28,000 shares in Brandman Retail IPO and 1,50,400 shares in M P K Steels IPO.

 Brandman Retail IPOM P K Steels IPO
Anchor Investor Reservation13,92,000 shares0 shares
Market Maker Reservation2,44,800 shares1,63,200 shares
QIB9,28,000 shares1,50,400 shares
NII6,99,200 shares9,31,200 shares
RII16,27,200 shares20,12,800 shares
Employee0 shares0 shares
Others
Total46,46,400 shares30,94,400 shares

Bids Received (Subscription)

Brandman Retail IPO subscribed 114.48x in total, whereas M P K Steels IPO subscribed 1.54x.

 Brandman Retail IPOM P K Steels IPO
QIB (times)85.24x19.95x
NII (times)202.98x0.65x
Big NII (times)248.47x0.92x
Small NII (times)111.86x0.11x
RII (times)93.12x0.58x
Employee (times)
Other (times)
Total (times)114.48x1.54x

Compare with others

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Brandman Retail IPO Vs M P K Steels IPO