What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Brandman Retail Limited IPO?

Based on the upper price band of ₹176 and current GMP of ₹16, the estimated listing price is ₹192 (approx. 9.1% gain).

What is the expected profit per lot for Brandman Retail Limited IPO?

With a lot size of 800 shares and current GMP of ₹16, expected profit per retail application lot is approximately ₹12,800.

IPO GreyPremiumLIVE

Grey Market Intelligence

Brandman Retail Limited

ListedSME

Consumer Discretionary · NSE

Brandman Retail Limited, incorporated in 2021, is engaged in the distribution of international sports and lifestyle brands in India and operates a multi-channel business model spanning distribution, licensing, retail, and e-commerce with an emphasis on innovation, customer-centricity, and sustainability. The company manages 11 Exclusive Brand Outlets across northern India in cities such as Ahmedabad, New Delhi, Gurugram, Lucknow, and Noida, primarily retailing the New Balance brand under non-exclusive distribution agreements, and also operates two Multi-Brand Outlets under the “Sneakrz” brand in Bathinda and New Delhi. In addition to its physical retail presence, Brandman Retail has a strong digital footprint, selling products through major e-commerce platforms including Flipkart, Ajio, and Tata Cliq, with consistent monthly order fulfillment.

Price Band

₹167 – ₹176

Issue Size

₹86.08 Cr

Lot Size

800 shares

GMP

₹16

+9.1%

Est. Listing

₹192

at current GMP

Subscribed

114.55x

overall

Open

4 Feb 2026

6 Feb 2026

Allotment

9 Feb 2026

Refund

10 Feb 2026

Demat Credit

11 Feb 2026

Listing

11 Feb 2026

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Brandman Retail Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹16+9.1%

Issue Price (Upper)

₹176

Band: ₹167 – ₹176

Estimated Listing Price

₹192

Upper price + GMP

Lot Size

800 shares

Min investment ₹1,40,800

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹16	9.1%	₹192
30 Oct 2026	+₹16	9.1%	₹192
29 Oct 2026	+₹14	8.2%	₹190

About Brandman Retail Limited Public Issue & Market Profile

Brandman Retail Limited is bringing an initial public offering (IPO) in the Consumer Discretionary sector with an aggregate issue size of ₹86.08 Crores. The shares are offered at a price band of ₹167 to ₹176 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 800 shares (approx. ₹1,40,800 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Basis of Allotment & Listing Timeline:

Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-02-11, while un-allotted funds or UPI block mandates will be released on 2026-02-10.

Frequently Asked Questions

What is Brandman Retail Limited IPO GMP today?

The latest grey market premium for Brandman Retail Limited IPO is ₹16, which indicates an expected listing price of ₹192.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.