Brandman Retail, a retail and distribution platform for premium international brands, has raised Rs 24.5 crore from anchor investors ahead of its Rs 86.08 crore IPO. The company allotted 13.92 lakh shares at Rs 176 each to six institutional investors. The IPO opens on February 4 and closes on February 6.
Brandman Retail has successfully mobilized Rs 24.5 crore from anchor investors just before its initial public offering (IPO), signaling strong institutional confidence in the company’s growth prospects. The New Delhi-based firm, which specializes in retail and distribution of premium international brands, is preparing to launch its Rs 86.08 crore IPO on the NSE SME platform.
Key Highlights:
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The company allotted 13.92 lakh equity shares to six anchor investors, including Sanshi Fund-I, Founders Collective Fund, Bharat Venture Opportunities Fund, and India Max Investment Fund Ltd.
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Shares were priced at Rs 176 per equity share, aggregating to Rs 24.49 crore in total anchor investment.
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The IPO, valued at Rs 86.08 crore, will open for public subscription on February 4, 2026, and conclude on February 6, 2026.
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The IPO price band has been set between Rs 167 and Rs 176 per share, with a face value of Rs 10 per share.
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The offering comprises a fresh issue of 48.91 lakh shares, entirely new equity, with no offer-for-sale component.
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Retail investors can apply for a minimum lot size of 800 shares, requiring an investment of Rs 2,81,600 at the upper price band.
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High Net Worth Individuals (HNIs) must apply for at least three lots (2,400 shares), amounting to Rs 4,22,400.
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The allotment of shares is expected to be finalized on February 9, 2026, with listing scheduled for February 11, 2026, on the NSE SME exchange.
This anchor investment round underscores the confidence of institutional investors in Brandman Retail’s business model and growth trajectory. With a strong anchor book and a clear subscription timeline, the IPO is positioned to attract significant interest from retail and HNI investors alike.
Sources: PTI, NewsDrum, IPOWatch