Brandman Retail IPO
Retail (Fashion) - Listed on 11 February 2026
Brandman Retail IPO listing summary
Brandman Retail (Retail (Fashion)) closed its IPO window in 2026 and listed on NSE and BSE on 11 February 2026 at an upper band issue price of Rs 176, opening at Rs 183 for a listing gain of +4.0% and closing day one at Rs 192.15 (+9.2% on closing basis). The IPO was subscribed 114.55x overall - QIB 85.24x, HNI/NII 203.33x, Retail 93.11x. The total issue size was Rs 86.09 Cr (Fresh Issue Rs 86.09 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Brandman Retail IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 15 | +8.52% |
| Day 2 | Rs 20 | +11.36% |
| Day 3 | Rs 21 | +11.93% |
| Day 4 | Rs 21 | +11.93% |
| Day 5 | Rs 15 | +8.52% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Brandman Retail IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Brandman Retail IPO - FAQs
What was the listing gain of Brandman Retail IPO?
Brandman Retail IPO listed at +4.0% versus the upper issue price of Rs 176 on 11 February 2026.
How many times was Brandman Retail IPO subscribed?
Brandman Retail IPO was subscribed 114.55x overall. QIB portion was subscribed 85.24x, HNI / NII 203.33x and Retail 93.11x.
What was the IPO GMP for Brandman Retail?
IPO GMP started at Rs 15 on Day 1 and moved to Rs 15 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.