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Brandman Retail Ltd. has refiled a Draft Red Herring Prospectus (DRHP) with the exchange on September 6, 2025 to raise funds through Initial Public Offer (IPO).
The initial submission on March 31, 2025 was withdrawn by the company on May 9, 2025 prompting the company to refile the documents.
Brandman Retail Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.48 crore equity shares.
The equity shares are proposed to be listed on the NSE SME. GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Brandman Retail IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Total Issue Size | 47,77,600 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,27,50,000 shares |
| Share Holding Post Issue | 1,75,27,600 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not Less than 15% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Mar 31, 2025 |
| Offer document withdrawn | Fri, May 9, 2025 |
| Filed with SEBI/Exchange | Sat, Sep 6, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
Brandman Retail Ltd.'s revenue increased by 10% and profit after tax (PAT) rose by 153% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 84.73 | 40.49 |
| Total Income | 136.30 | 123.49 |
| Profit After Tax | 20.95 | 8.27 |
| EBITDA | 31.15 | 12.01 |
| NET Worth | 29.79 | 8.84 |
| Reserves and Surplus | 17.04 | 8.59 |
| Total Borrowing | 11.87 | 3.53 |
| Amount in ₹ Crore | ||
| KPI | Values |
|---|---|
| ROE | 108.47% |
| ROCE | 70.48% |
| Debt/Equity | 0.40 |
| RoNW | 70.33% |
| PAT Margin | 15.49% |
| EBITDA Margin | 23.02% |
The Company Brandman Retail IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding Capital Expenditure for expansion of our New Retail Network by launching 15 Exclusive Brand Outlets (EBOs) and Multi-Brand Outlets (MBOs) | 23.40 |
| 2 | Working Capital Requirements for New EBOs and MBOs | 11.78 |
| 3 | Working Capital Requirements for Existing EBOs and MBOs | 267.22 |
| 4 | General Corporate Expenses |
Brandman Retail Ltd.
DPT 718-719,
7th Floor DLF Prime Tower
Okhla Industrial Area Phase-I,
South Delhi, New Delhi, 110020
Phone: 011-46052323
Email: info@brandmanretail.com
Website: https://brandmanretail.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareoline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Brandman Retail IPO is a SME IPO of 47,77,600 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Brandman Retail IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Brandman Retail IPO using UPI as a payment gateway. Zerodha customers can apply in Brandman Retail IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Brandman Retail IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Brandman Retail IPO dates are not announced. Please check back again after some time.
Brandman Retail IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Brandman Retail IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Brandman Retail IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Brandman Retail IPO allotment status.
The Brandman Retail IPO listing date is not yet announced. The tentative date of Brandman Retail IPO listing is [.].
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