Panchatv Bharat IPO
Updated 11 Sept 2026, 5:03 pm.
Minimum investment (Individual investors (IND))
₹2,80,000
2 lots · 2,000 shares at the upper price band
Price band
₹140
Latest GMP
₹3.50
+2.5% of the ₹140 upper band
Est. listing price
₹0
Issue size
₹23.35 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
| Observed | GMP | Est. listing price |
|---|---|---|
| 11 Sept 2026, 5:03 pm | ₹4 | ₹0 |
| 11 Sept 2026, 5:01 pm | ₹0 | ₹0 |
| 11 Sept 2026, 12:50 pm | ₹4 | ₹0 |
| 11 Sept 2026, 12:49 pm | ₹0 | ₹0 |
| 11 Sept 2026, 8:05 am | ₹4 | ₹0 |
| 11 Sept 2026, 8:03 am | ₹0 | ₹0 |
| 11 Sept 2026, 7:00 am | ₹4 | ₹0 |
| 11 Sept 2026, 6:55 am | ₹0 | ₹0 |
| 11 Sept 2026, 6:50 am | ₹0 | ₹0 |
| 11 Sept 2026, 6:28 am | ₹0 | ₹0 |
| 10 Sept 2026, 6:17 pm | ₹4 | ₹0 |
| 10 Sept 2026, 5:37 pm | ₹0 | ₹0 |
| 10 Sept 2026, 5:30 pm | ₹0 | ₹0 |
| 10 Sept 2026, 5:00 pm | ₹4 | ₹0 |
| 10 Sept 2026, 4:59 pm | ₹0 | ₹0 |
| 10 Sept 2026, 12:56 pm | ₹0 | ₹0 |
| 10 Sept 2026, 12:55 pm | ₹0 | ₹0 |
| 10 Sept 2026, 11:20 am | ₹0 | ₹0 |
| 10 Sept 2026, 8:08 am | ₹0 | ₹0 |
| 10 Sept 2026, 6:13 am | ₹0 | ₹0 |
| 10 Sept 2026, 6:10 am | ₹0 | ₹0 |
| 10 Sept 2026, 6:09 am | ₹0 | ₹0 |
| 9 Sept 2026, 5:09 pm | ₹0 | ₹0 |
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- SME
- Price band
- ₹140
- Issue size
- ₹23.35 Cr
- Lot size
- 1,000
- Opens
- 10 Sept 2026
- Closes
- 15 Sept 2026
- Allotment
- 16 Sept 2026
- Listing
- 18 Sept 2026
- Est. listing price
- ₹0
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Maashitla Securities Pvt.Ltd.
- Minimum investment
- ₹2,80,000 (2 lots · 2,000 shares)
- Face value
- ₹10 per share
- Issue type
- Fixed Price IPO
- Sale type
- Fresh capital only
- Listing at
- BSE SME
- Refunds
- 17 Sept 2026
- Shares credited
- 17 Sept 2026
- Promoter holding
- 92.91% before · 65.02% after
- Lead managers
- Mark Corporate Advisors Pvt.Ltd.
Offer documents & links
Subscription by category
As of 11 Sept 2026, 11:38 am.
Total subscription
0.04x
Full issue details
Details as published for this issue, read 11 Sept 2026, 5:10 pm. Verify against the RHP before applying.
IPO Details
| IPO Date | 10 to 15 Sep, 2026 |
|---|---|
| Listing Date | Fri, Sep 18, 2026 T |
| Face Value | ₹ 10 per share |
| Issue Price | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 17,56,000 shares (agg. up to ₹ 25 Cr) |
|---|---|
| Reserved for Market Maker | 88,000 shares (agg. up to ₹ 1 Cr) Giriraj Stock Broking Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 16,68,000 shares (agg. up to ₹ 23 Cr) |
| Net Offered to Public | 16,68,000 shares (agg. up to ₹ 23 Cr) |
| Share Holding Pre Issue | 40,95,000 shares |
| Share Holding Post Issue | 58,51,000 shares |
IPO Timetable (Tentative)
- IPO Open
- Thu, Sep 10, 2026
- IPO Close
- Tue, Sep 15, 2026
- Allotment
- Wed, Sep 16, 2026
- Refund
- Thu, Sep 17, 2026
- Credit of Shares
- Thu, Sep 17, 2026
- Listing
- Fri, Sep 18, 2026
Issue Reservation
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) | 8,34,000 | 50.00% | 47.49% |
| Retail | 8,34,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker | 88,000 | — | 5.01% |
| Total | 17,56,000 | 100.00% | 100.00% |
Panchatv Bharat IPO comprises a total issue size of 17,56,000 shares. The net offer to the public is 16,68,000 shares, after excluding 88,000 shares allotted on a firm basis. Of the Net offer 8,34,000 (50.00%) allocated to NII 8,34,000 (50.00%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2000 | ₹2,80,000 |
| Individual investors (IND) (Max) | 2 | 2000 | ₹2,80,000 |
| HNI (Min) | 3 | 3000 | ₹4,20,000 |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
IPO Subscription Details
About Panchatv Bharat Ltd.
Incorporated in March 2024 as Panchatv Bharat Private Limited, Panchatv Bharat Limited is engaged in the manufacturing and distribution of unstitched denim fabrics under its own brand 'NJD', primarily catering to garment manufacturers, distributors, dealers and wholesalers across India. Its denim fabrics are offered in various textures, finishes and shades based on customer requirements and are distributed across key markets including Delhi, Uttar Pradesh, Gujarat and Rajasthan.
The Company follows a hybrid manufacturing model, combining manufacturing arrangements with third-party manufacturers and self-manufacturing through leased loom machinery. Its third-party manufacturing partners are located at Narol and Piplaj, Ahmedabad, while commercial operations from the Company's leased loom machinery commenced in July 2025. The manufacturing process involves procurement of cotton yarn or greige fabric, followed by weaving, dyeing, finishing, quality inspection and packing, as applicable.
The Company's existing product portfolio comprises denim fabrics, while it also has the capability to supply unstitched suiting and shirting fabrics on a made-to-order basis. However, sales to date have been focused exclusively on denim fabrics, in line with prevailing customer demand.
As of July 1, 2026, the Company had 9 employees, comprising top management and KMPs, production and managerial personnel, accounts, sales and marketing staff, and support personnel.
Competitive Strengths
Flexible hybrid manufacturing model.
Established customer base across key textile markets.
Experienced Promoters with longstanding textile expertise.
Ability to cater to varied customer requirements through customized fabric offerings.
Scalable business model with scope for product diversification into suiting and shirting fabrics.
Company Financials (Restated)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 33.78 | 27.16 | 16.88 |
| Total Income | 56.87 | 48.99 | 39.31 |
| Profit After Tax | 4.03 | 2.83 | 2.02 |
| EBITDA | 6.44 | 4.55 | 3.22 |
| NET Worth | 12.62 | 9.05 | 3.39 |
| Reserves and Surplus | 8.53 | 4.95 | — |
| Total Borrowing | 14.18 | 7.74 | 7.66 |
| Amount in ₹ Crore |
Panchatv Bharat Ltd.'s revenue increased by 16% and profit after tax (PAT) rose by 43% between the financial year ending with March 31, 2026 and March 31, 2025.
Recently Listed IPOs in Other Textile Products
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Ashutosh Fibre Ltd. | SME | ₹56.35 Cr | ₹92 | 9.03 | ₹147.00 | +59.78% | ₹156.70 |
| Fascinate Textiles Ltd. | SME | ₹64.83 Cr | ₹151 | 10.33 | ₹114.80 | -23.97% | ₹55.90 |
| Shreedhar Spinners Ltd. | SME | ₹30.68 Cr | ₹53 | 13.44 | ₹57.10 | +7.74% | ₹129.35 |
| Harikanta Overseas Ltd. | SME | ₹24.30 Cr | ₹91 | 14.66 | ₹75.77 | -16.74% | ₹67.00 |
| Yajur Fibres Ltd. | SME | ₹120.41 Cr | ₹174 | 23.49 | ₹132.25 | -23.99% | ₹39.00 |
| K K Silk Mills Ltd. | SME | ₹28.50 Cr | ₹38 | 12.12 | ₹30.40 | -20.00% | ₹9.95 |
| Game Changers Texfab Ltd. | SME | ₹54.84 Cr | ₹102 | 10.58 | ₹109.35 | +7.21% | ₹112.00 |
| Sihora Industries Ltd. | SME | ₹10.56 Cr | ₹66 | 13.14 | ₹66.50 | +0.76% | ₹58.51 |
| Siddhi Cotspin Ltd. | SME | ₹69.85 Cr | ₹108 | 16.06 | ₹82.10 | -23.98% | ₹26.50 |
| Alpine Texworld Ltd. | Mainboard | ₹126.25 Cr | ₹105 | 12.68 | ₹99.75 | -5.00% | ₹58.22 |
| Kusumgar Ltd. | Mainboard | ₹650.00 Cr | ₹419 | 44.8 | ₹602.80 | +43.87% | ₹566.00 |
| Aastha Spintex Ltd. | Mainboard | ₹170.00 Cr | ₹136 | 18.78 | ₹136.49 | +0.36% | ₹79.29 |
| Shree Ram Twistex Ltd. | Mainboard | ₹110.24 Cr | ₹104 | 38.21 | ₹71.40 | -31.35% | ₹37.39 |
View More »
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure towards purchase of property and renovation, modernization and fit-out thereof | 6.00 |
| 2 | Working Capital Requirements | 11.50 |
| 3 | General Corporate Purposes | 3.67 |
| 4 | Issue Expenses | 3.42 |
| Total | 24.58 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 89.99% |
| ROCE | 24.01% |
| Debt/Equity | 2.26 |
| RoNW | 31.93% |
| PAT Margin | 7.09% |
| EBITDA Margin | 11.32% |
| NAV | 30.83 |
| Price to Book Value | 4.54 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 9.84 | 6.89 |
| P/E (x) | 14.23 | 20.32 |
| Market Cap at Offer Price | ₹57.33 Cr. | ₹81.91 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 92.91% | 65.02% |
| Public | 7.09% | 34.98% |
| Total | 100% | 100% |
Company Promoters: Sanjay Gupta, Sooraj Gupta and Sanyogita Gupta.
Panchatv Bharat IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Lead Manager and commissions (including underwriting commission, brokerage and selling commission) payable | 1.37 |
| 2 | Commission/ processing fee for SCSBs and Bankers to the Issue and fees payable to the Sponsor Bank(s). Brokerage, selling commission and upload fees | 0.12 |
| 3 | Fees payable to Registrar to the Issue | 0.05 |
| 4 | Printing and stationery expenses | 0.08 |
| 5 | Advertising and marketing expenses | 1.11 |
| 6 | Listing fees, regulator fee including the Stock Exchange, bidding software fees, and other regulatory expenses | 0.25 |
| 7 | Fees payable to legal counsels | 0.15 |
| 8 | Fees payable to Statutory Auditor | 0.15 |
| 9 | Fees payable to Independent Chartered Engineer | 0.01 |
| 10 | Miscellaneous (including out-of-pocket expenses of intermediaries, regulatory and filing-related charges, translation and typesetting of offer documents and statutory advertisements, communication and stationery expenses, and contingency for minor unforeseen Issue related costs | 0.12 |
| Total | 3.42 |
IPO Registrar
Maashitla Securities Pvt.Ltd.
011-45121795
investor.ipo@maashitla.com
IPO Lead Manager(s)
Mark Corporate Advisors Pvt.Ltd.
Contact Details
Panchatv Bharat Ltd. Address
Ground Floor, Property No. IX/3615
Sat Narayan Mandir Gali
Gandhi Nagar
East Delhi, New Delhi , 110031
+91 8920318885
cs@panchatvlimited.com
Panchatv Bharat IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Panchatv Bharat IPO: Check IPO date, lot size & Price
HDFC Sky · 11 Sept 2026
Denim maker Panchatv Bharat sets price for its SME IPO
Prop News Time · 11 Sept 2026
Panchatv Bharat IPO Day 2 Subscription Status Stands at 0.04x
HDFC Sky · 11 Sept 2026
Panchatv Bharat IPO Day 2: Total hits 0.09x; Retail jumps 50%
scanx.trade · 11 Sept 2026
Panchatv Bharat IPO Day 2 Subscription Status 11 Sep 2026
Univest · 11 Sept 2026
Panchatv Bharat Share Price Today, Panchatv Bharat Stock Price Live NSE/BSE Updates
The Economic Times · 10 Sept 2026
Panchatv Bharat IPO Day 1 Subscription Status: 0.01x
HDFC Sky · 10 Sept 2026
Panchatv Bharat IPO Day 1: Subscribed 0.01x; Retail jumps 100% to 0.02x
scanx.trade · 10 Sept 2026
