Comparison between Brandman Retail IPO and Swastika Castal IPO.
Brandman Retail IPO is a SME Fixed Price IPO proposed to list at NSE SME while Swastika Castal IPO is a SME Fixed Price proposed to list at BSE SME.
| Brandman Retail IPO | Swastika Castal IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Gretex Corporate Services Ltd. | Horizon Management Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Accurate Securities & Registry Pvt.Ltd. |
| Market Maker | Gretex Share Broking Pvt.Ltd. | Horizon Financial Consultants Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Brandman Retail IPO is up to ₹81.78 Cr whereas the issue size of the Swastika Castal IPO is up to ₹13.35 Cr. The final issue price of Brandman Retail IPO is ₹176.00 per share and of Swastika Castal IPO is ₹65.00 per share.
| Brandman Retail IPO | Swastika Castal IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹167.00 per share | |
| Issue Price (Upper) | ₹176.00 per share | |
| Issue Price (Final) | ₹176.00 per share | ₹65.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 800 shares | 2000 shares |
| Fresh Issue Size | 46,46,400 shares | 20,54,000 shares |
| Fresh Issue Size (Amount) | up to ₹81.78 Cr | up to ₹13.35 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 46,46,400 shares | 20,54,000 shares |
| Issue Size Total (Amount) | up to ₹81.78 Cr | up to ₹13.35 Cr |
Brandman Retail IPO opens on Feb 04, 2026, while Swastika Castal IPO opens on Jul 21, 2025. The closing date of Brandman Retail IPO and Swastika Castal IPO is Feb 06, 2026, and Jul 23, 2025, respectively.
| Brandman Retail IPO | Swastika Castal IPO | |
|---|---|---|
| Anchor Bid Date | Feb 03, 2026 | |
| Issue Open | Feb 04, 2026 | Jul 21, 2025 |
| Issue Close | Feb 06, 2026 | Jul 23, 2025 |
| Basis Of Allotment (Tentative) | Feb 09, 2026 | Jul 24, 2025 |
| Initiation of Refunds (Tentative) | Feb 10, 2026 | Jul 25, 2025 |
| Credit of Share (Tentative) | Feb 10, 2026 | Jul 25, 2025 |
| Listing date (Tentative) | Feb 11, 2026 | Jul 28, 2025 |
| Anchor Lockin End date 1 | Mar 10, 2026 | |
| Anchor Lockin End date 2 | May 09, 2026 |
Brandman Retail IPO P/E ratio is 11.39, as compared to Swastika Castal IPO P/E ratio of 14.8.
| Brandman Retail IPO | Swastika Castal IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)Swastika Castal Ltd.'s revenue increased by 30% and profit after tax (PAT) rose by 305% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.92 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.03 | 73.49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.39 | 14.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹324.85 Cr. | ₹53.07 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 108.47 | 28.17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 70.48 | 32.74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.40 | 0.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹15.45 | ₹4.39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 70.33 | 24.70 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Brandman Retail IPO Retail Individual Investors (RII) are offered 16,27,200 shares while in Swastika Castal IPO retail investors are offered 16,27,200 shares. Qualified Institutional Buyers (QIB) are offered 9,28,000 shares in Brandman Retail IPO and 0 shares in Swastika Castal IPO.
| Brandman Retail IPO | Swastika Castal IPO | |
|---|---|---|
| Anchor Investor Reservation | 13,92,000 shares | |
| Market Maker Reservation | 2,44,800 shares | 1,10,000 shares |
| QIB | 9,28,000 shares | 0 shares |
| NII | 6,99,200 shares | 10,26,000 shares |
| RII | 16,27,200 shares | 10,28,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 46,46,400 shares | 20,54,000 shares |
Brandman Retail IPO subscribed 114.48x in total, whereas Swastika Castal IPO subscribed 5.08x.
| Brandman Retail IPO | Swastika Castal IPO | |
|---|---|---|
| QIB (times) | 85.24x | |
| NII (times) | 202.98x | 2.42x |
| Big NII (times) | 248.47x | |
| Small NII (times) | 111.86x | |
| RII (times) | 93.12x | 7.75x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 114.48x | 5.08x |
