Business Standard (India) – Top Stories

Sneakrz Operator Brandman Retail Debuts on NSE; Ends 5% Above IPO

Brandman Retail debuted on the NSE at a ₹324.85 crore valuation, pricing its shares at ₹176 and closing at ₹211.80, a 4.98% premium. The sneaker‑focused retailer raised ₹86 crore, which it will allocate to opening 15 new stores and expanding its national footprint to over 50 outlets. Currently operating 21 stores, Brandman leverages its Sneakrz multi‑brand format to bring global athleisure labels to Indian consumers. The company projects revenue to more than triple within five years as it taps Tier II and III markets.