Brandman Retail SME IPO Subscription Status
Brandman Retail SME IPO closed on 6 February 2026 with an overall subscription of 2.02x based on shares applied. NII at 3.75x, and retail at 2.43x.
Allotment will be finalised on 9 February 2026. The stock is scheduled to list on NSE and BSE on 11 February 2026.
Issue Price
Rs 176.00
GMP Today
Rs 17.00 (+9.66%)
Overall Subscription
2.02x
Issue Size
₹81.78 Cr
Allotment Date
9 Feb 2026
Listing Date
11 Feb 2026
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?
A subscription of 2.02x by shares means the IPO received bids for 2 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
NII at 2.11x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 1.44x and sNII at 3.43x by applications. Share subscription was 3.75x. Allotment uses application count, not share volume.
At 2.43x subscription by applications, approximately 1 in 2 retail applicants can expect an allotment (~41% per application). Retail allotment is done by lottery when oversubscribed.
Brandman Retail SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 2.43x.
- •Allotment odds: about 1 in 2 (~41% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 3.43x.
- •Allotment odds: about 1 in 3 for a minimum-lot application (~29% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
BHNI (above Rs 10 lakh)
- •Application subscription: 1.44x.
- •Allotment odds: about 1 in 1 for a minimum-lot application (~69% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 3.88x. Allotment uses application count, not share volume.
Check the Brandman Retail SME IPO Allotment Status page from 9 February 2026 for your allotment result.
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 Day-wise Subscription
| 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 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
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
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 June 2026, 2:47 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. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Brandman Retail SME IPO NII subscription?
Brandman Retail SME IPO NII (Non-Institutional Investors) subscription is 2.11x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Brandman Retail SME IPO for retail?
At 2.43x subscription by applications, approximately 1 in 2 retail applicants can expect an allotment (~41% per application). Allotment is done by lottery.
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?
Allotment odds in Brandman Retail SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 2.11x by applications means roughly 1 in 2 for minimum-lot bids; bNII at 1.44x (~1 in 1). 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.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.