Brandman Retail Ltd - IPO

Brandman Retail Ltd IPO Details

Initial public offer of up to 48,91,200 equity shares of face value of Rs. 10/- each (equity shares) of Brandman Retail Limited (the company or issuer) at an issue price of Rs. 176 per equity share (including a share premium of Rs. 166 per equity share) for cash, aggregating up to Rs. 86.09 crores (public issue) out of which [*] equity shares of face value of Rs. 10/- each, at an issue price of Rs. 176 per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market makers to the issue (the market maker reservation portion). The public issue less market maker reservation portion i.e. issue of [*] equity shares of face value of Rs. 10/- each, at an issue price of Rs. 176 per equity share for cash, aggregating up to Rs. [*] crores is hereinafter referred to as the net issue. The public issue and net issue will constitute [*] % and [*] % respectively of the post- issue paid-up equity share capital of the company. Price Band: Rs. 167.00 to Rs. 176.00 per equity share of face value of Rs. 10.00 each.The floor price is 16.7 times the face value of the equity shares and the cap price is 17.6 times the face value of the equity shares. Bids can be made for a minimum of two lots of 800 equity shares each and in multiples of 800 equity shares thereafter..

Objective of issue

Funding Capital Expenditure for expansion of our New Retail Network by launching 15 Exclusive Brand Outlets (EBOs) and Multi-Brand Outlets (MBOs). Working Capital Requirements for Existing EBOs and MBOs. General Corporate Expenses.

Brandman Retail Ltd Contact Details

Brandman Retail Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@brandmanretail.com

Website - www.brandmanretail.com