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Brandman Retail's IPO raised ₹86 crore, with strong investor interest and plans to open 15 new stores.
Brandman Retail’s IPO opened on February 4, 2026, raising ₹86.08 crore through a fresh issue of 48.91 lakh shares at ₹167–176 each, with the issue closing on February 6 and listing on the NSE Emerge platform on February 9.
The company, which operates 11 exclusive and two multi-brand outlets in northern India, reported strong financial results, including a ₹19.67 crore profit after tax for the nine months ending December 2025.
Proceeds will fund 15 new stores, working capital, and general corporate purposes.
The IPO saw 69% subscription on its first day, driven by non-institutional investors, with a grey market premium indicating positive sentiment.
La IPO de Brandman Retail recaudó ₹ 86 crores, con un fuerte interés de los inversores y planes para abrir 15 nuevas tiendas.