Brandman Retail Ltd, a retail and distribution platform for premium international brands, on Tuesday raised ₹24.5 crore from anchor investors ahead of its initial public offering or IPO. The company said in a statement that it has allotted 13.92 lakh equity shares to six anchor investors. Prominent among them are Sanshi Fund-I, Founders Collective Fund, Bharat Venture Opportunities Fund and India Max Investment Fund Limited. The shares were allotted to anchor investors at a price of ₹176 per equity share, raising a total of ₹24.49 crore, the company said.
Will be able to bid till 6th February
According to the news, this IPO of total ₹ 86.08 crore will open on February 4 and will close on February 6. The listing of the company’s shares will be done on the Emerge platform of NSE, the probable date of which has been fixed as February 9. This IPO is a completely fresh issue, in which 48.91 lakh equity shares will be issued.
Its price band has been kept at ₹167 to ₹176 per share. The funds raised from the IPO will be used for opening 15 new exclusive brand outlets (EBOs) and multi-brand outlets (MBOs), working capital needs for new and existing stores, and general corporate purposes.
Company achieved revenue of ₹95.31 crore
The company’s promoter, managing director and chairman Arun Malhotra said the funds raised from the fresh issue will help in expanding the retail network, refurbishing existing stores and strengthening working capital, thereby improving operations and execution across all channels.
Brandman Retail adopts a retail strategy based on the Company-Owned, Company-Operated (COCO) model and is a multi-channel operator in the premium footwear, apparel and accessories sector. In the financial year 2025-26, the company has recorded a revenue of ₹95.31 crore for the nine months ending December 2025. Greatex Corporate Services is the sole book-running lead manager for this IPO.
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