Brandman Retail IPO
The Brandman Retail IPO was a ₹86.09 crore SME issue (fresh issue only), open for bidding from 4 Feb to 6 February 2026 at a price band of ₹167 to ₹176. The final issue price was ₹176. Investors bid for 37,27,99,200 shares through 1,22,591 applications. Shares listed on NSE SME on 11 February 2026 at ₹183.00, 4.0% above the issue price, and closed the first day at ₹192.15.
- Listing gain at open
- +4.0%₹183.00 vs ₹176
- Issue price
- ₹176Band ₹167 to ₹176
- Lot size
- 800 sharesMinimum ₹2,81,600
- Issue size
- ₹86.09 crore
- Subscribed
- Not available
- Listed
- 11 Feb 2026NSE SME
Price and lots
Brandman Retail IPO details
NSE issue details| Bidding dates | 4 Feb 2026 to 6 Feb 2026 |
| Listing date | 11 February 2026 |
| Price band | ₹167 to ₹176 |
| Final issue price | ₹176 |
| Face value | ₹10 per share |
| Lot size | 800 shares, minimum 2 lots for individuals |
| Minimum investment | ₹2,81,600 (1,600 shares, our calculation) |
| Issue size | ₹86.09 crore (our calculation from the NSE issue details) |
| Type of issue | 100 % Book Building, Fresh issue only |
| Listed on | NSE SME |
| NSE symbol | BRANDMAN |
| ISIN | INE0XUD01014 |
| Lead managers | Gretex Corporate Services Limited |
| Registrar | Big Share Services Private Limited |
Subscription and listing
Brandman Retail IPO subscription and listing
NSE and BSEFinal subscription
NSE issue details| Category | Shares bid | Applications |
|---|---|---|
| QIBs | 7,91,04,800 | 76 |
| Non-institutional | 14,21,71,200 | 27,813 |
| Individual investors | 15,15,23,200 | 94,702 |
| Total | 37,27,99,200 | 1,22,591 |
For this SME issue NSE publishes shares bid and applications by category, not times subscribed.
Listing day
Our calculation: gains vs issue price| NSE | |
|---|---|
| Open | ₹183.00 |
| High | ₹192.15 |
| Low | ₹183.00 |
| Close | ₹192.15 |
| Gain at open | +4.0% |
| Gain at close | +9.2% |
| Shares traded | 25,25,600 |
Latest: closed at ₹142.35 on NSE on 6 November 2026, −19.1% vs the issue price (our calculation). Past returns say nothing about future returns.
How it compares
How the Brandman Retail IPO compares
Our calculation: 2026 SME IPOs on IPO24by7Among 78 SME IPOs of 2026 on our tracker, its listing gain of 4.0% at open ranks 25th of 75. By issue size it ranks 13th. The median listing-day gain at open for SME IPOs this year is +1.0%. See all 2026 IPOs with listing gains or the IPO calendar for February 2026.
Other SME IPOs listed in February 2026
| IPO | Listed | Issue price | Subscribed | Gain at open |
|---|---|---|---|---|
| Manilam Industries India | 27 Feb 2026 | ₹69 | - | −20.0% |
| Marushika Technology | 19 Feb 2026 | ₹117 | - | +2.6% |
| Biopol Chemicals | 13 Feb 2026 | ₹108 | - | +2.8% |
| Grover Jewells | 11 Feb 2026 | ₹88 | - | +9.1% |
| C K K Retail Mart | 6 Feb 2026 | ₹163 | - | 0.0% |
Allotment
Brandman Retail IPO allotment status
- Open the registrar's pageBig Share Services Private Limited is the registrar. See registrar links.
- Select Brandman Retail LimitedOlder issues may move to an archive list on the registrar's site.
- Enter your PAN, application number or DP IDUse the details you applied with.
- Or check your demat accountAllotted shares were credited before the listing day.
Documents
Questions
Brandman Retail IPO FAQs
What was the Brandman Retail IPO price band?
The price band was ₹167 to ₹176 per share and the final issue price was ₹176. The face value is ₹10 per share.
What was the Brandman Retail IPO lot size?
One lot was 800 shares. Individual investors had to apply for at least 2 lots, so the minimum was ₹2,81,600.
What was the Brandman Retail IPO listing price?
It opened at ₹183.00 on NSE SME on 11 February 2026, a gain of 4.0% over the issue price of ₹176 (our calculation). It closed the day at ₹192.15.
How do I check Brandman Retail IPO allotment status?
Big Share Services Private Limited is the registrar. Select Brandman Retail Limited on its allotment page and enter your PAN, application number or DP ID. You can also check on the NSE or BSE application status page.
Was the Brandman Retail IPO a fresh issue or an offer for sale?
Fresh issue only, as stated in the NSE issue details.
Who were the lead managers of the Brandman Retail IPO?
Gretex Corporate Services Limited.
Sources: NSE public issue information and IPO detail pages; NSE and BSE end-of-day bhavcopy files. Gains, issue size and minimum investment are our calculations. This page is information only, not a recommendation.