Brandman Retail IPO Allotment: Key Details and How to Check Status
The allotment for Brandman Retail's highly anticipated initial public offering (IPO) is set to take place today, February 9. This follows the closure of the offer last week, which attracted overwhelming investor interest. The SME IPO, open for bidding from February 4 to February 6, achieved a remarkable subscription rate of 114.48 times the total shares on offer.
Subscription Breakdown and IPO Details
The investor response was particularly strong across all categories. The qualified institutional buyer (QIB) quota was subscribed 85.24 times, while the non-institutional investor (NII) segment saw an impressive 202.98 times subscription. The retail portion also performed exceptionally well, matching the overall subscription rate of 114.48 times.
Brandman Retail had fixed the IPO price band at ₹167 to ₹176 per share. Investors were required to apply in lots of 800 shares, with multiples thereof accepted. This entirely fresh share sale, valued at ₹86 crore, will enable the company to fund the launch of new retail outlets, meet working capital requirements, and support general corporate purposes.
How to Check Brandman Retail IPO Allotment Status
Investors eager to verify their allotment status can do so through two primary channels: the National Stock Exchange (NSE) website or the registrar, Bigshare Services Pvt. Ltd.
Steps to Check Allotment on NSE
- Visit the official NSE IPO allotment page dedicated to checking trades and bids.
- Select the option for Equity & SME IPO bid details from the available choices.
- From the dropdown menu, choose the company symbol: BRADMAN.
- Enter your Permanent Account Number (PAN) and your unique Application Number.
- Click the Submit button to view your allotment status.
Steps to Check Allotment on Bigshare Services
- Navigate to the IPO allotment section on the Bigshare Services website.
- Select one of the three available servers to proceed.
- From the company dropdown list, choose Brandman Retail.
- Select your preferred identification method: Beneficiary ID, Application Number, or PAN.
- Enter the corresponding details based on your chosen option.
- Complete the captcha verification to ensure security.
- Click Search to access your allotment information.
Grey Market Premium and Company Background
Brandman Retail IPO shares are currently commanding a grey market premium (GMP) of ₹20, indicating sustained investor confidence. This premium suggests the shares are trading at approximately ₹196 in the unofficial market, which is ₹20 above the upper end of the offer price at ₹176. At this GMP level, the shares could potentially list at a premium of around 11.36%.
The official listing of Brandman Retail shares on the NSE SME platform is scheduled for Wednesday, February 11. The company specializes in distributing international sports and lifestyle brands through a network of Exclusive Brand Outlets across multiple cities in North India.
Financially, Brandman Retail has demonstrated robust growth. The company's income increased to ₹136 crore in the fiscal year 2025, up from ₹123 crore in the previous year. More impressively, its profit more than doubled during this period, rising from ₹8 crore to ₹21 crore.
Disclaimer: This article is intended for educational purposes only. Investors are strongly advised to consult with certified financial experts before making any investment decisions.
