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Subscription Status · Feb 04 – Feb 06, 2026 · ₹167–176
Brandman Retail IPO subscribed 114.55 times — as of Feb 09, 2026
The Brandman Retail IPO subscription has recorded exceptional investor demand with an overall subscription of 114.55× as of Feb 09, 2026, indicating that investors applied for 114.55 times the number of shares on offer. All investor categories — institutional, HNI, and retail — have participated actively, making this one of the closely watched IPO openings.
As of February 09, 2026
| Category | Shares Offered | Shares Bid For | Times Subscribed | Applications |
|---|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
928,000 | 79,104,800 |
85.24×
|
76 |
|
NII
Non-Institutional Investors
|
699,200 | 142,171,200 |
203.33×
|
27,813 |
|
bNII
Bids above ₹10L
|
466,400 | 116,130,400 |
248.99×
|
17,683 |
|
sNII
Bids below ₹10L
|
232,800 | 26,040,800 |
111.86×
|
10,130 |
|
Individual
Individual Investors
|
1,627,200 | 151,523,200 |
93.12×
|
94,702 |
|
Total
|
3,254,400 | 372,799,200 |
114.55×
|
150,404 |
How subscription built up across investor categories over time
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 928,000 | 79,104,800 | 85.24× | 76 |
| NII | 699,200 | 142,171,200 | 203.33× | 27,813 |
| bNII | 466,400 | 116,130,400 | 248.99× | 17,683 |
| sNII | 232,800 | 26,040,800 | 111.86× | 10,130 |
| Individual Investors | 1,627,200 | 151,523,200 | 93.12× | 94,702 |
| Total | 3,254,400 | 372,799,200 | 114.55× | 150,404 |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 928,000 | 46,978,400 | 50.62× | 56 |
| NII | 699,200 | 124,481,600 | 178.03× | 24,121 |
| bNII | 466,400 | 102,630,400 | 220.05× | 15,657 |
| sNII | 232,800 | 21,851,200 | 93.86× | 8,464 |
| Individual Investors | 1,627,200 | 121,728,000 | 74.81× | 76,080 |
| Total | 3,254,400 | 293,188,000 | 90.09× | 124,378 |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 928,000 | 6,400 | 0.01× | 1 |
| NII | 699,200 | 6,776,000 | 9.69× | 1,383 |
| bNII | 466,400 | 5,344,800 | 11.46× | 805 |
| sNII | 232,800 | 1,431,200 | 6.15× | 578 |
| Individual Investors | 1,627,200 | 9,268,800 | 5.70× | 5,793 |
| Total | 3,254,400 | 16,051,200 | 4.93× | 8,560 |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 928,000 | — | — | — |
| NII | 699,200 | 985,600 | 1.41× | 222 |
| bNII | 466,400 | 704,800 | 1.51× | 108 |
| sNII | 232,800 | 280,800 | 1.21× | 114 |
| Individual Investors | 1,627,200 | 1,358,400 | 0.83× | 849 |
| Total | 3,254,400 | 2,344,000 | 0.72× | 1,293 |
As of February 09, 2026, the Brandman Retail IPO has been subscribed 114.55 times overall. The IPO is fully subscribed with strong investor demand indicating extremely high interest. A total of 150,404 applications received across all categories.
The Brandman Retail IPO subscription window was open from February 04, 2026 to February 06, 2026. Investors could apply through their demat account or ASBA facility.
The Brandman Retail IPO has a price band of ₹167 to ₹176 per share, with a lot size of 800 shares. Minimum retail investment: ₹133,600 (lower band) or ₹140,800 (upper band).
The QIB category has been subscribed 85.24 times. QIBs were offered 928,000 shares. Strong QIB subscription indicates high institutional confidence.
Overall NII: 203.33×. bNII (>₹10L): 248.99×, sNII (<₹10L): 111.86×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on February 09, 2026. Check via the registrar's website — Bigshare Services Private Limited using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Brandman Retail IPO is expected to list on February 11, 2026. Shares will list on NSE SME platform. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 114.55× means investors have bid for 114.55 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares — allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of data pending, the estimated allotment probability for retail investors is Very Low. Only 1 lot likely via lottery if selected. If final subscription stays below 1×, all applicants are likely to get full allotment.
You can apply for Brandman Retail IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Feb 04 to Feb 06, 2026.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Brandman Retail IPO GMP data, check the IPO Rise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price — use it only as a sentiment signal alongside official subscription data.
The Brandman Retail IPO subscription tracks how many times each investor category has subscribed relative to their reserved quota. As of Feb 09, 2026, the overall subscription stands at 114.55× — Massively Oversubscribed.
QIBs include domestic mutual funds, FIIs/FPIs, banks, insurance companies, and SEBI-registered venture capital funds. They are allocated up to 50% of the net offer (75% for SME IPOs). For Brandman Retail IPO, QIB subscription is at 85.24×. High QIB subscription signals strong institutional conviction and is considered a positive indicator for post-listing performance.
NIIs are high-net-worth individuals (HNIs) and corporate bodies applying for more than ₹2 lakh. SEBI further divides this into bNII (bids above ₹10 lakh) and sNII (bids between ₹2–10 lakh), each with a separate allotment bucket. For Brandman Retail IPO: bNII at 248.99×, sNII at 111.86×. Very high NII subscription (>50×) often signals leveraged HNI bidding, suggesting a strong listing expectation.
Retail investors apply for up to ₹2 lakh. They are reserved 35% of the net offer (in most mainboard IPOs). If oversubscribed, allotment is via computerised lottery — each applicant (regardless of lot count) has an equal probability.
Price band: ₹167–₹176 per share. Lot size: 800 shares. Minimum retail investment at upper band: ₹140,800. Applications must be in multiples of 800 shares.
Stock exchanges (BSE/NSE) publish subscription data multiple times a day during the subscription window. The figures shown here represent the latest available snapshot. "Shares Offered" is the quota reserved for each category; "Shares Bid For" is the total demand received; "Times Subscribed" is the ratio of demand to supply.
Subscription Opens Done
Feb 04, 2026Subscription Closes Done
Feb 06, 2026Basis of Allotment Done
Feb 09, 2026Listing on NSE Done
Feb 11, 2026Only 1 lot likely via lottery if selected.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.