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 current subscription status of Brandman Retail Limited IPO?

Brandman Retail Limited IPO has received a total subscription of 114.55 times overall.

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

114.55x

Total Demand

QIB Multiplier

85.24x

Institutions & Funds

NII / HNI

203.33x

High Net-Worth

Retail (RII)

93.12x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 114.55x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	928,000	79,104,800	85.24x
NIB	699,200	142,171,200	203.33x
HNIs(10L +)	466,400	116,130,400	248.99x
HNIs (2-10L)	232,800	26,040,800	111.86x
RETAIL	1,627,200	151,523,200	93.12x
Total	3,953,600	514,970,400	114.55x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 114.99x

Category	Applications Reserved	Applications Received	Times Subscribed
QIB	—	76	0.00x
NIB	—	27,813	0.00x
RETAIL	1,017	94,702	93.12x
HNIs(10L +)	194	17,683	91.15x
HNIs (2-10L)	97	10,130	104.43x
Total Applications	1,308	150,404	114.99x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 (GMP) for Brandman Retail Limited IPO is ₹16 per equity share. Based on the upper price band of ₹167 to ₹176 per equity share, the estimated listing price is ₹192 (+9.1% expected listing 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, the expected profit per application lot is approx ₹12,800 (+9.1% gain). Minimum application cost is approx ₹1,40,800.

What is the issue size and price band for Brandman Retail Limited IPO?

The Brandman Retail Limited IPO aggregate issue size is ₹86.08 Crores with an equity price band set at ₹167 to ₹176 per equity share. The retail lot size is 800 shares requiring a minimum capital outlay of approx. ₹1,40,800.

How can I check Brandman Retail Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 114.55x (Retail: 93.12x, QIB: 85.24x, NII: 203.33x). You can track live multiples directly on our dedicated subscription page.

Where and when will Brandman Retail Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2026-02-09. Investors can verify status using PAN card or application number.

When is the listing date for Brandman Retail Limited IPO?

Brandman Retail Limited shares are scheduled to list on NSE on 2026-02-11.