Brandman Retail IPO Review & Recommendations

* CMP for our Company is considered as Issue Price

** Source: www.bseindia.com and www.nseindia.com

Notes:

1. The figures of Brandman Retail Limited are based on restated financial statements as restated as on March 31, 2025.
2. Considering the nature and size of business of the Company, the peers are not strictly comparable. However, the same have been included for broad comparison.
3. Current Market Price (CMP) of peer group companies is the closing price as on March 31, 2025.
4. The figures for the peer group are based on the standalone/consolidated audited financials as applicable for the year ended on March 31, 2025.