Brandman Retail IPO Opens: ₹86.09 Crore Issue, Price Band ₹167–₹176

Brandman Retail IPO opened for subscription on February 4, 2026, offering a ₹86.09 crore book-built issue entirely through a fresh issue of 48.91 lakh equity shares. The IPO is priced in the band of ₹167 to ₹176 per share and will close on February 6, 2026. By Day 2, the issue was subscribed 4.59 times, indicating strong investor demand. The company plans to utilize the proceeds for retail expansion, working capital requirements, and general corporate purposes, with a tentative listing date fixed as February 11, 2026 on the NSE SME platform.