When is the Brandman Retail IPO allotment date?

The allotment for Brandman Retail's IPO is scheduled for February 9.

How much was the Brandman Retail IPO subscribed?

The SME IPO of Brandman Retail received a subscription of 114.48 times its offering.

What is the expected listing premium for Brandman Retail shares?

Based on the current grey market premium, Brandman Retail shares are expected to list at a premium of 11.36%.

Home / Business and Economy / Brandman Retail IPO Allotment Today!

Brandman Retail IPO Allotment Today!

9 Feb

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Summary

IPO allotment for Brandman Retail is today, February 9.
The SME IPO received 114.48 times subscription.
Shares are expected to list at a 11.36% premium.

The allotment for Brandman Retail's initial public offering (IPO) is set to be finalized today, February 9.

The SME IPO, which opened for subscription from February 4 to February 6, witnessed remarkable investor enthusiasm, attracting bids 114.48 times the offered amount. This strong demand was observed across all investor categories.

The company plans to utilize the proceeds from the ₹86 crore fresh share sale to expand its operations by launching new outlets, bolster its working capital, and for general corporate needs.

Brandman Retail, a distributor of international sports and lifestyle brands, operates exclusive outlets in North India. The company's financial performance shows an upward trend, with income rising to ₹136 crore in FY25 from ₹123 crore in the previous year, and profits more than doubling to ₹21 crore from ₹8 crore.

Shares of Brandman Retail are anticipated to list on the NSE SME platform on Wednesday, February 11. Current grey market premium (GMP) suggests a potential listing at a premium of 11.36%.

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