Panchatv Bharat
Panchatv Bharat is a textile company specializing in the manufacture and wholesale distribution of denim fabrics across India. The company manages the full production cycle, from yarn procurement and dyeing to weaving and quality finishing.
Price Band
₹140 - ₹140
Lot Size
2000 Shares
Issue Size
₹24.58 Cr
Fresh Issue
₹24.58 Cr
OFS
N/A
Registrar
AI Sentiment Score
Listing Price
₹128.95
vs Issue: ₹140 (-7.89%)
📅 IPO Timeline
✓
Open
Sep 10, 2026
✓
Close
Sep 15, 2026
✓
Allotment
Sep 16, 2026
✓
Refund
Sep 17, 2026
✓
Demat
Sep 17, 2026
✓
Listing
Sep 18, 2026
✨ AI Analysis & Prediction
+3.4%
predicted listing gain
The predicted gain is adjusted downward from the GMP baseline due to a critical lack of institutional demand (0.0x QIB subscription) and a moderate debt-to-equity ratio. While the small float size and strong ROE provide some support, they are outweighed by the absence of institutional backing and a very weak grey market signal.
💪 Strengths
- Strong ROE (31.93%) and ROCE (24.01%)
- Consistent growth in revenue and PAT over 3 years
- 100% Fresh Issue with no promoter offloading
⚠️ Weaknesses
- Zero QIB interest/subscription
- Moderate debt-to-equity ratio of 1.12
- Very small employee base (13 employees)
🚀 Opportunities
- Scalable business model for denim fabric expansion
- Strong presence in high-demand textile hubs like Delhi and Gujarat
🛡️ Threats
- High competition in the textile and garment wholesale market
- Dependence on third-party manufacturers for core production
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Funding of capital expenditure towards purchase of property and renovation, modernization and fit-out thereof | ₹6.00 |
| Working Capital Requirements | ₹11.50 |
| General Corporate Purposes | ₹3.67 |
| Issue Expenses | ₹3.42 |
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 39.31 Cr | Rs 48.99 Cr | Rs 56.85 Cr |
| Net Profit / PAT (₹ Cr) | Rs 2.02 Cr | Rs 2.83 Cr | Rs 4.03 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 3.27 Cr | Rs 4.65 Cr | Rs 6.64 Cr |
| Borrowings (₹ Cr) | Rs 7.66 Cr | Rs 7.74 Cr | Rs 14.18 Cr |
| Total Assets (₹ Cr) | Rs 16.89 Cr | Rs 27.16 Cr | Rs 33.78 Cr |
| ROCE % | NA | 37.61% | 30.41% |
Company P/E
14.2x
Debt/Equity
1.12
📋 Live Subscription Status
QIB
0.00x
NII
0.39x
Retail
2.42x
Total
1.40x
Updated: Sep 19, 2026 8:08 AM
💼 Reservation Quota
QIB
0.00%
Retail
50.00%
NII
50.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Established in 2024, Panchatv Bharat has quickly positioned itself within the Indian textile sector, focusing specifically on the denim fabric market. The company operates a business model centered on high-quality denim production, leveraging third-party manufacturers to scale its output while maintaining strict internal control over the production process.
The company's operational flow is comprehensive, encompassing the purchase of raw yarn, dyeing, weaving, finishing, and rigorous quality checks. This end-to-end management ensures that the final fabrics meet the specific standards required by their wholesale clients.
Panchatv Bharat maintains a strong market presence across several key Indian states, serving textile and garment hubs in Delhi, Uttar Pradesh, Haryana, Gujarat, Rajasthan, and Odisha. This geographic diversification helps the company mitigate regional demand fluctuations.
In terms of operational scale, the company is lean, employing 13 personnel as of June 30, 2025. Its growth is driven by a scalable and flexible business model that allows it to adapt to changing fashion trends in the denim industry.
The company is led by promoters Sanjay Gupta and Sooraj Gupta, who bring the necessary management expertise to oversee the complex supply chain of the textile industry and expand the company's customer base.
Panchatv Bharat is launching a Fixed Price IPO to raise approximately ₹24.58 crore, consisting entirely of a fresh issue. The IPO is priced at ₹140 per share with a minimum lot size of 2,000 shares, requiring an application amount of ₹2,80,000. The issue opens on September 10, 2026, and closes on September 15, 2026, with listing scheduled for September 18, 2026, on the BSE SME platform.
The proceeds from the fresh issue are earmarked for critical growth and operational needs. Specifically, ₹6.00 crore will be used for capital expenditure toward property purchase and modernization, ₹11.50 crore for working capital requirements, ₹3.67 crore for general corporate purposes, and ₹3.42 crore for issue expenses.
Financial performance shows a steady upward trajectory. Revenue grew from ₹39.31 crore in 2024 to ₹56.87 crore in 2026. Similarly, the Profit After Tax (PAT) increased from ₹2.02 crore in 2024 to ₹4.03 crore in 2026, demonstrating consistent bottom-line growth over the three-year period.
From a valuation perspective, the company has a P/E ratio of 14.23 based on an EPS of ₹9.84. Compared to its listed peer, Anjani Synthetics Limited, which has a P/E of 9.05, Panchatv Bharat is priced at a premium. However, its high ROE of 31.93% and ROCE of 24.01% suggest strong operational efficiency.
Key investment strengths include experienced promoters, a strong established customer base, and a highly scalable business model. The 100% fresh issue structure is a positive sign, as no promoters are offloading shares to the public.
Potential risks include a debt-to-equity ratio of 1.12, which is slightly high for some investors, and the inherent volatility of the textile sector. Investors should weigh the strong financial growth against the lack of institutional (QIB) interest and the small issue size.