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BRANDMAN IPO

BRANDMAN RETAIL LIMITED

IPO Doc

Start Date04-02-2026

Application Timing10am-5pm

Price Range₹167 - ₹176

Min Qty800

Min. Investment₹133600

Listing Date11-02-2026

Close Date06-02-2026

About BRANDMAN RETAIL LIMITED

Brandman Retail Limited was incorporated in 2021 and is engaged in the distribution and retailing of international sports and lifestyle brands in India. The company operates on an omni-channel business model covering distribution, licensing, retail, and e-commerce. Brandman Retail runs Exclusive Brand Outlets (EBOs) and Multi-Brand Outlets (MBOs) across major cities in North India such as New Delhi, Gurugram, Noida, Ahmedabad, Lucknow, Dehradun, Jalandhar, Ambala, and Bathinda. The company primarily retails the New Balance brand under a non-exclusive distribution agreement. In addition to offline retail, the company sells its products online through platforms like Flipkart, Ajio, and Tata Cliq, enabling wider customer reach and consistent monthly order fulfillment.

Why To Invest in BRANDMAN RETAIL LIMITED

Brandman Retail Limited operates in the premium sports and lifestyle retail segment, catering to a growing consumer demand for international brands in India. The company follows a strong omni-channel business model, combining physical retail stores with online sales through leading e-commerce platforms, which helps in wider market reach and consistent revenue generation. Its asset-light and scalable model allows efficient expansion with controlled capital requirements. The company has built a solid presence across strategic locations in North India, improving brand visibility and customer access. With non-exclusive distribution agreements for international brands, Brandman Retail offers a diversified and high-quality product portfolio. The business is backed by experienced promoters and a professional management team, providing operational stability. Additionally, the company has shown improving profitability and margin growth in recent years, supported by a growing and loyal customer base, making it an attractive consideration for long-term growth-oriented investors.

Financial Table

Period Ended	31 Dec 2025	31 Mar 2025	31 Mar 2024
Assets	101.31	84.73	40.49
Total Income	97.21	136.30	123.49
Profit After Tax	19.67	20.95	8.27
EBITDA	27.02	31.15	12.01
NET Worth	60.26	29.79	8.84
Reserves and Surplus	46.70	17.04	8.59
Total Borrowing	15.68	11.87	3.53

Strengths And Risks

Strong Financial Performance: The company has reported healthy growth in profitability, supported by rising PAT and EBITDA margins over recent financial periods. This reflects improved operational efficiency and better cost management.

Efficient Capital Utilization: High ROE and ROCE indicate that Brandman Retail is effectively utilizing its equity and capital base to generate returns, which is a positive indicator for investors.

Low Debt Levels: The company maintains a relatively low debt-to-equity ratio, reducing financial risk and providing flexibility for future expansion and working capital needs.

Clear Expansion Strategy: Brandman Retail plans to expand its retail footprint by opening new Exclusive Brand Outlets (EBOs) and Multi-Brand Outlets (MBOs), which can support revenue growth in the coming years.

Strong Brand Associations: Established relationships with international lifestyle and sports brands enhance product quality, brand appeal, and customer trust.

Dependence on Third-Party Brands: A significant portion of revenue depends on non-exclusive distribution and licensing agreements with global brands. Any disruption or non-renewal of these agreements may impact business operations.

Aggressive Valuation: Based on recent financial performance, the IPO appears aggressively priced compared to peers, which may limit short-term upside post listing.

Margin Sustainability Risk: The sharp improvement in margins in recent years raises concerns about whether such levels can be sustained over the long term.

Geographical Concentration: Most operations are concentrated in North India, exposing the company to regional economic and market-related risks.

FAQs

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Company

Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

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INH000013332

AMFI Registration:

ARN-35911

Attention Investors:

Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
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Awareness regarding guidelines regarding margin collection:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge
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All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
The last date to update KYC is on or before March 31, 2022.
Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.
The non-compliant demat accounts will be frozen for debits by Depository Participant or Depository.
On submission of the necessary information to the stockbroker and updation of the same by the stockbroker in the Exchange systems and approval by the Exchange, the blocked trading accounts shall be unblocked by the Exchange on T+1 trading day.
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To ensure smooth settlement of trades, the investors are requested to ensure that both the trading and demat accounts are compliant with respect to the KYC requirement.
The investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements.
We do proprietary trading

Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

*Investors are requested to note that Stock broker Astha Credit and Securities Private Limited is permitted to receive/pay money from/to investor through designated bank accounts only named as client bank accounts. Stock broker Astha Credit and Securities Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

1. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in the investor's account. 2. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary.

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Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors. We do Pro trading.

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BRANDMAN IPO

About BRANDMAN RETAIL LIMITED

Why To Invest in BRANDMAN RETAIL LIMITED