Brandman Retail's Rapid Expansion: Capturing India's Athleisure Market

Brandman Retail, a distributor and retailer for premium athleisure brands, is valued at Rs 324.85 crore on NSE. The company, led by Arun Malhotra, plans to grow from 21 to over 50 stores using IPO proceeds, targeting high-growth Tier II & III markets in India's booming sports and lifestyle sector.

Brandman Retail, a key player in the premium athleisure and lifestyle segment, marked its debut on the National Stock Exchange (NSE) with an impressive valuation of Rs 324.85 crore.

The company, founded by Arun Malhotra, priced its IPO at Rs 176, and it concluded at Rs 211.80 on Friday, registering a notable 4.98 percent increase.

With Rs 86 crore secured from its public offering, Brandman Retail outlines ambitious expansion plans including 15 new stores, projecting a substantial national presence of over 50 locations.

(With inputs from agencies.)