Brandman Retail IPO opens for subscription on February 4, 2026, and closes on February 6, 2026, with an issue size of approximately ₹46 crore through a fresh issue of 48.91 lakh equity shares listed on NSE SME. The New Delhi-based company distributes international sports and lifestyle brands like New Balance through 11 exclusive brand outlets and 2 multi-brand outlets across northern India, complemented by e-commerce sales on platforms such as Flipkart and Ajio. Brandman Retail IPO offers exposure to India’s premium sportswear and athleisure growth driven by rising fitness consciousness and branded retail expansion.
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Expert Opinions
Market sentiment for Brandman Retail IPO displays positive leanings among SME investors, attracted by premium sportswear distribution growth and New Balance partnership strength. Company strengths include exclusive rights for brands like New Balance covering 50% showrooms, multi-channel revenue with 41% online sales, asset-light model yielding 23% EBITDA margins, and ₹400 crore revenue target within two years. Risks feature brand dependency, high promoter pledging, working capital cycles, and footwear market cyclicality.
Valuation analysis for Brandman Retail IPO and year 2025 highlights Return on Equity (ROE) of 108.47%, ROCE of 70.48%, and EBITDA Margin of 23.02%, commanding elevated multiples justified by 200% revenue CAGR from FY23-25. Long-term investment perspective aligns with ₹3 billion athleisure market by 2033 through premiumization and airport store rollouts.
Investor Considerations
Brandman Retail IPO investors should analyze the company’s explosive trajectory, with FY 2025 revenue surging 200% CAGR to ₹270.58 crore and PAT reaching ₹41.90 crore from asset-light distribution, supported by 23.02% EBITDA margins. Premium sportswear sector outlook projects ₹30,000 crore by 2030, driven by fitness culture and athleisure premiumization.
Valuation analysis for Brandman Retail IPO in 2025 reveals RONW of 70.33%, PAT Margin of 15.49%, and Debt/Equity ratio of 0.40, indicating superior returns with minimal leverage. Growth prospects target ₹400 crore topline via airport stores and brand expansions. Risk factors include New Balance revenue dependency (50%+), promoter pledging, and footwear BIS compliance costs. Long-term investment goals benefit from branded retail compounding, while short-term plays risk SME listing volatility.
FAQs
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