Established in 2021, Brandman Retail Limited distributes international sports and lifestyle brands.
The company operates through four key pillars: distribution, licensing, retail, and e-commerce. It is committed to innovation, customer centricity, and sustainability.
The company operates Exclusive Brand Outlets (EBOs) in northern India, including cities like Ahmedabad, Ambala, Dehradun, New Delhi, Jalandhar, Bathinda, Gurugram, Lucknow, and Noida. Each store meets the License Grantee’s standards and primarily represents the New Balance brand under a non-exclusive distribution agreement.
The company operates two MBOs called “Sneakrz” in Bhatinda and New Delhi and 11 EBOs.
The company holds non-exclusive distribution agreements to ensure a diverse, high-quality product range for customers.
They sell online through Flipkart, Ajio, and Tata Cliq, fulfilling monthly orders.
Competitive Strength:
| 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 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure for expansion of our New Retail Network by launching 15 Exclusive Brand Outlets (EBOs) and Multi-Brand Outlets (MBOs) | 27.90 |
| 2 | Working Capital Requirements for New EBOs and MBOs | 11.78 |
| 3 | Working Capital Requirements for Existing EBOs and MBOs | 267.22 |
| 4 | General Corporate Expenses |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 43.69% | 108.47% |
| ROCE | 36.92% | 70.48% |
| Debt/Equity | 0.26 | 0.40 |
| RoNW | 32.64% | 70.33% |
| PAT Margin | 20.64% | 15.49% |
| EBITDA Margin | 28.35% | 23.02% |
| Price to Book Value | 7.53 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 15.45 | 14.21 |
| P/E (x) | 11.39 | 12.38 |
| IPO Date | 4 to 6 Feb, 2026 |
| Listing Date | Wed, Feb 11, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹167 to ₹176 |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 48,91,200 shares (agg. up to ₹86 Cr) |
| Reserved for Market Maker | 2,44,800 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 46,46,400 shares (agg. up to ₹82 Cr) |
| Share Holding Pre Issue | 1,35,65,986 shares |
| Share Holding Post Issue | 1,84,57,186 shares |
The promoter of the company are Mr. Arun Malhotra, Ms. Kavya Malhotra, and Ms. kashika Malhotra.
| Share Holding Pre Issue | 93.91% |
| Share Holding Post Issue |
As per our analysis and Based on the information we have, this is the output.
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