IPO Overview
Panchatv Bharat Limited is a New Delhi-based company engaged in the manufacturing and wholesale distribution of denim fabric across India. The company’s promoters were previously engaged in the textile business via their respective proprietorship concerns — SR Fabrics (since 1994), SG Trader (since 2017), and Neelmadhav Textiles (since 2023), and subsequently consolidated these businesses through Business Transfer Agreements dated April 06, 2024. The company manufactures denim fabrics under its in-house brand ‘NJD’, offering unstitched fabrics in different textures, finishes, and shades, with prices ranging from ₹120 to ₹275 per metre. Its business model comprises three key activities: third-party manufacturing, self-production through leased machinery, and wholesale distribution.
Panchatv Bharat IPO is a SME IPO of 17,56,000 equity shares of the face value of ₹10, aggregating up to ₹24.58 crore. The issue is priced at ₹140 per share. The IPO opens on 10 September 2026 and closes on 15 September 2026, with shares proposed to be listed on the BSE SME platform on 18 September 2026.
IPO Detailed Information
Issue Details
| Parameter | Details |
| IPO Type | Fixed Price Issue – SME |
| Listing Exchange | BSE SME |
| IPO Open Date | 10 September 2026 |
| IPO Close Date | 15 September 2026 |
| Allotment Date | 16 September 2026 (Expected) |
| Listing Date | 18 September 2026 (Tentative) |
| Issue Price | ₹140 per share (Fixed) |
| Face Value | ₹10 per share |
| Lot Size | 1,000 shares |
| Minimum Investment (Retail) | ₹2,80,000 (2 lots = 2,000 shares) |
| Minimum Investment (HNI) | ₹4,20,000 (3 lots = 3,000 shares) |
| Issue Size | ₹24.58 crore |
| Fresh Issue | 17,56,000 shares (₹24.58 crore) |
| Offer For Sale (OFS) | Nil |
Note: This is a Fixed Price Issue — no price band. The issue price is fixed at ₹140 per share. The entire IPO is a fresh issue; no promoter exit.
Issue Break-up
| Category | Allocation |
| Qualified Institutional Buyers (QIB) | 0% |
| Non-Institutional Investors (NII/HNI) | ~50% |
| Retail Individual Investors (RII) | ~50% |
| Market Maker | Reserved Portion |
OFS / Selling Shareholders
There is no Offer For Sale (OFS) in this IPO. The entire issue is a fresh issue — all proceeds will flow directly to the company for business use.
Objects of the Issue (Fund Utilization)
The company proposes to utilise the net proceeds from the issue towards capital expenditure required for establishing a corporate office and warehousing facility in Ahmedabad, meeting its working capital requirements, and for general corporate purposes.
- Capital expenditure — establishing a corporate office and warehousing facility in Ahmedabad
- Working capital requirements
- General corporate purposes
Lead Managers & Registrar
- Book Running Lead Manager: Mark Corporate Advisors Pvt. Ltd.
- Registrar to the Issue: Maashitla Securities Pvt. Ltd.
Promoters & Management
The company is promoted by Sanjay Gupta and Sooraj Gupta. Sanjay Gupta, who began trading greige fabrics in 1993, brings three decades of expertise, while Sooraj Gupta started his entrepreneurial journey in 2017 post-education, offering eight years of experience.
Promoter holding will fall from 92.91% before the IPO to 65.02% after the issue. Public shareholding will rise from 7.09% to 34.98%.
Company Details
Incorporated in 2024, Panchatv Bharat Limited manufactures denim fabrics through third-party facilities and undertakes wholesale trading of denim fabrics across India. Its production cycle covers yarn procurement, warp dyeing, weaving, finishing, and quality inspection. The company supplies denim fabrics used in men’s and women’s apparel.
Sectors Served:
- Denim Fabric Manufacturing
- Wholesale Textile Distribution
- Apparel Supply Chain
Key Products:
- Denim fabric under the in-house brand ‘NJD’
- Unstitched fabrics in multiple textures, finishes, and shades (₹120–₹275 per metre)
Key Capabilities:
- Hybrid production model: third-party manufacturing in Ahmedabad + self-production using leased machinery
- As of 30 June 2025, the company supplied through more than 80 distributors, with principal markets including Delhi, Uttar Pradesh, and Gujarat.
Registered Office:
- F. No. C-35, Rose Apartments, Plot No. 9, Sector 14, Rohini, Prashant Vihar, New Delhi – 110085
Financial Snapshot
| Period | Revenue (₹ Cr) | PAT (₹ Cr) |
| FY24 | ₹39.31 | ₹2.02 |
| FY25 | ₹48.99 | ₹2.83 |
Key Financial Metrics
- Total income nearly doubled between FY23 and FY25. PAT increased from ₹0.34 crore to ₹2.83 crore over the same period.
- ROCE of 26.81% and RoNW of 31.25% reflect healthy return ratios for the business.
- Revenue grew approximately 25% YoY from FY24 to FY25
- PAT Margin: ~5.8% in FY25 — modest but improving
Company Strengths
- Promoters bring over three decades of combined experience in the textile and denim trading business
- Established distribution network of more than 80 distributors across key markets including Delhi, Uttar Pradesh, and Gujarat
- In-house denim brand ‘NJD’ with diversified product range in textures, finishes, and shades
- Hybrid business model combining third-party manufacturing with self-production for operational flexibility
- Consistent growth in revenue and profitability with healthy return ratios (ROCE: 26.81%, RoNW: 31.25%)
- IPO proceeds to be used for infrastructure expansion — new office and warehousing facility in Ahmedabad — strengthening long-term capacity
Key Risks & Challenges
- The company was incorporated only in March 2024 — an extremely short operating history as a listed corporate entity, with limited track record as a standalone company.
- Heavy reliance on third-party manufacturing arrangements in Ahmedabad — limited direct control over production capacity and quality
- As of 30 June 2025, the company had only 13 employees — a very lean workforce that may restrict scaling and operational depth
- Concentration risk — revenue heavily dependent on a few key textile markets; geographic diversification remains limited
- Thin PAT margins (~5.8%) leave limited buffer against any cost increases or demand slowdowns
- SME IPO liquidity risk — limited secondary market trading volumes on BSE SME platform post-listing
Disclaimer:
This document is for informational purposes only and should not be considered as investment advice. Investors should read the Red Herring Prospectus (RHP) carefully and consult a financial advisor before investing in any IPO. Market investments are subject to risk.
