Brandman Retail IPO Day 3: Check subscription status, allotment date and steps

Brandman Retail IPO: The initial public offering of Brandman Retail Ltd, a premium distributor for premium athleisure and lifestyle brands, will conclude on Friday, February 6. The subscription details for the final day will be updated post 10 am.

As of Day 2, the issue was subscribed 4.59 times. It got bids for 1,60,51,200 shares as against 34,99,200 shares on offer, according to the National Stock Exchange (NSE) data.

The ₹86.09 crore IPO, with a price band of ₹167 to ₹176 per share, is solely a fresh issue of 48.91 lakh equity shares. There is no offer for sale (OFS) component.

The issue proceeds will be used for capital expenditure requirements for retail network expansion by launching 15 new exclusive brand outlets (EBOs)/multi-brand outlets (MBOs), working capital needs and general corporate purposes.

Arun Malhotra, Promoter, MD and Chairman of Brandman Retail Ltd, said, "The proceeds from the fresh issue will support expansion of the retail network, refurbishment of existing outlets, and strengthening of working capital to enhance operational efficiency and execution across channels."

A lot includes 800 shares. Individual investors can place bids for at least two lots or 1,600 shares.

Brandman Retail, established in 2021, is into the distribution of international sports and lifestyle brands. It operates through four key pillars: distribution, retail, licensing, and e-commerce.

Brandman Retail IPO: Allotment and listing date

Brandman Retail IPO allotment status is expected to be finalised on Monday, February 9. Listing on the NSE SME platform Emerge will occur on Wednesday, February 11.

How to check Brandman Retail IPO allotment status on NSE website

• Visit NSE’s allotment status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Choose the ‘Equity & SME IPO bid details’ option
• Select ‘Brandman Retail’ under the symbol ‘BRANDMAN’
• Enter your PAN details and application number.
• Press the submit button

Steps to check Brandman Retail IPO allotment status on Bigshare Services

• On the Bigshare Services website, open the IPO allotment status page: www.bigshareonline.com/ipo_Allotment.html
• Pick any server from three options
• Click on 'Brandman Retail Ltd; from the list
• Add any one: Application number, beneficiary ID, or PAN
• Hit the ‘Search’ button to check the allotment status

Brandman Retail IPO GMP

According to investorgain.com and media reports, unlisted shares of Brandman Retail are trading at ₹202, reflecting a grey market premium of 14.77% over the upper price band of ₹176.