Brandman Retail SME IPO Subscription
ListedUpdated 11 February 2026, 9:15 AM IST· NSE SME
Brandman Retail SME IPO subscription closed on 6 February 2026 at 2.02x overall by shares. NII at 3.75x, and retail at 2.43x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 9 February 2026. Listing date on NSE and BSE is 11 February 2026.
Brandman Retail SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 4 Feb 2026 | 0.00x | 1.41x | 0.87x | 0.74x |
| Day 2 - 5 Feb 2026 | 0.00x | 3.30x | 2.35x | 1.88x |
Brandman Retail SME IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Brandman Retail SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 2.43x | 1 in 2 |
| SHNI (Rs 2L to Rs 10L) | 3.43x | 1 in 3 |
| BHNI (above Rs 10L) | 1.44x | 1 in 1 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Brandman Retail SME IPO Allotment Status page from 9 February 2026 for your result.
Brandman Retail SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 176.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 16.33 Cr | - | - |
| FII | - | - | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | - | - |
| NII | Rs 12.31 Cr | Rs 46.20 Cr | 3.75x |
| bNII (above Rs 10L) | Rs 8.20 Cr | Rs 31.86 Cr | 3.88x |
| Corporate | - | - | - |
| Individual | - | Rs 31.64 Cr | - |
| Other | - | Rs 22.53 L | - |
| sNII (Rs 2L to Rs 10L) | Rs 4.10 Cr | Rs 14.33 Cr | 3.49x |
| Corporate | - | Rs 4.22 L | - |
| Individual | - | Rs 14.29 Cr | - |
| Other | - | - | - |
| IND | Rs 28.64 Cr | Rs 69.50 Cr | 2.43x |
| Total | Rs 57.28 Cr | Rs 115.70 Cr | 2.02x |
Brandman Retail SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 1,160 | - | - |
| FII | - | - | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | - | - |
| NII | 291 | 613 | 2.11x |
| bNII (above Rs 10L) | 194 | 280 | 1.44x |
| Corporate | - | - | - |
| Individual | - | 278 | - |
| Other | - | 2 | - |
| sNII (Rs 2L to Rs 10L) | 97 | 333 | 3.43x |
| Corporate | - | 1 | - |
| Individual | - | 332 | - |
| Other | - | - | - |
| IND | 1,017 | 2,468 | 2.43x |
| Total | 2,468 | 3,081 | 1.25x |
What Do These Subscription Numbers Mean?
2.02x overall by shares means bids covered about 2 times the shares on offer. Allotment chances depend on applications in each category.
NII covers bids above Rs 2 lakh (2.11x by applications). Split: SHNI 3.43x, BHNI 1.44x by applications. SHNI and BHNI allotment is by lottery.
At 2.43x subscription by applications, about 1 in 2 retail applicants may get allotment (~41% chance per application). Retail allotment is also by lottery.
Brandman Retail SME IPO GMP After Subscription
GMP for Brandman Retail SME stands at Rs 17.00 today, giving an estimated listing price of Rs 193.00 per share.
A subscription of 2.02x combined with a GMP of 9.66% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Brandman Retail SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Brandman Retail SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 4 February 2026 |
| IPO Close Date | 6 February 2026 |
| Allotment Date | 9 February 2026 |
| Refund Initiation | 10 February 2026 |
| Share Credit to Demat | 10 February 2026 |
| Listing Date | 11 February 2026 |
| Minimum Investment | Rs 2,81,600.00 |
| Lot Size | 800 shares |
About Brandman Retail SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Brandman Retail SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Brandman Retail SME Details
Issue size, price, financials, and company info
Brandman Retail SME GMP
Live grey market premium and listing estimate
Brandman Retail SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Brandman Retail SME Allotment
Allotment date, chances, and check by PAN
Brandman Retail SME Review
SWOT, strengths, risks, and IPO review
Brandman Retail SME FAQ
Common questions on dates, GMP, and allotment
Brandman Retail SME Registrar
Registrar website and how to check allotment
Brandman Retail SME Timeline
Open, close, allotment, and listing dates
Brandman Retail SME News
Updates, blogs, and latest IPO news
Brandman Retail SME IPO Subscription FAQs
What is Brandman Retail SME IPO subscription status today?
Brandman Retail SME IPO subscription closed on 6 February 2026 with overall subscription of 2.02x (by shares) as of 27 August 2026, 4:32 AM IST. QIB N/A, NII 2.11x, IND 2.43x.
What is the overall subscription of Brandman Retail SME IPO?
Brandman Retail SME IPO is subscribed 2.02x overall by shares at close on 6 February 2026. QIB N/A, NII 2.11x, and IND 2.43x.
What is Brandman Retail SME IPO QIB subscription?
QIB subscription for Brandman Retail SME IPO will appear here once institutional bids are recorded.
What is Brandman Retail SME IPO IND subscription?
Brandman Retail SME IPO IND subscription is 2.43x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Brandman Retail SME IPO NII, SHNI, and BHNI subscription?
Brandman Retail SME IPO NII subscription is 2.11x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 3.43x and BHNI (above Rs 10L) at 1.44x.
What are Brandman Retail SME IPO retail allotment chances?
At 2.43x subscription by applications, about 1 in 2 retail applicants may get allotment (~41% chance per application). Allotment is by lottery.
What are Brandman Retail SME IPO SHNI allotment chances?
At 3.43x subscription by applications, about 1 in 3 SHNI applicants may get allotment (~29% chance per application). Allotment is by lottery.
What are Brandman Retail SME IPO BHNI allotment chances?
At 1.44x subscription by applications, about 1 in 1 BHNI applicants may get allotment (~69% chance per application). Allotment is by lottery. Share subscription was 3.88x. Allotment chances use applications, not share volume.
When is Brandman Retail SME IPO allotment date?
Brandman Retail SME IPO allotment date is 9 February 2026. Check Brandman Retail SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Brandman Retail SME IPO subscription close?
Brandman Retail SME IPO subscription closed on 6 February 2026. No new applications are accepted after the close.
What is Brandman Retail SME IPO GMP today?
Brandman Retail SME IPO GMP is ₹17 today (+9.66% over issue price ₹176). See live GMP on the Brandman Retail SME IPO GMP Today page.
What is Brandman Retail SME IPO issue price and lot size?
Brandman Retail SME IPO issue price is ₹176 per share. Lot size is 800 shares. Minimum investment is ₹2,81,600 per lot (minimum 2 lots for SME). Issue size: ₹81.78 Cr.
When is Brandman Retail SME IPO listing date?
Brandman Retail SME IPO listing date is 11 February 2026 on NSE and BSE. Allotment is on 9 February 2026.
How does subscription affect Brandman Retail SME IPO allotment?
In Brandman Retail SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 2.02x overall, competition is moderate.
For allotment results from 9 February 2026, visit the Brandman Retail SME IPO Allotment Status page. For listing day updates on 11 February 2026, download the IPOwiz App.
Sources
We match Brandman Retail SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.