Panchatv Bharat IPO
Grey Market Premium (GMP)
GMP applies before listing only. This IPO has listed — see Listing Performance below for the actual debut.
Subscription Status
| Category | Subscription |
|---|---|
| NII | 0.39x |
| Retail (RII) | 2.42x |
| Total | 1.4x |
Bidding day 6 · final figures at close of bidding: 18 Sept 2026, 6:30 pm IST
IPO Details
- Open Date
- 10 Sept 2026
- Close Date
- 15 Sept 2026
- Listing Date
- 18 Sept 2026
- Face Value
- ₹10
- Fresh Issue
- ₹23.35 Cr
- OFS
- ₹0 Cr
- Listing On
- BSE
- Registrar
- Maashitla Securities
The fresh issue is money for the company; the OFS goes to selling shareholders. Fresh issue vs offer for sale, explained
Lot Size & Application Amounts
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹2,80,000 |
| HNI (Min) | 3 | 3,000 | ₹4,20,000 |
Issue Reservation
| Investor category | Shares offered | % of issue |
|---|---|---|
| NII | 8,34,000 | 50% |
| Retail | 8,34,000 | 50% |
| Total | 16,68,000 | 100% |
The anchor portion is carved out of the QIB quota. Percentages are of the total shares offered.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2024 | 39.31 | 2.02 | 3.22 | 3.39 | 16.88 | 7.66 | — |
| FY 2025 | 48.99 | 2.83 | 4.55 | 9.05 | 27.16 | 7.74 | — |
| FY 2026 | 56.87 | 4.03 | 6.44 | 12.62 | 33.78 | 14.18 | 9.84 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March.
KPIs & Valuation
- P/E (pre-issue)
- 14.23x
- P/E (post-issue)
- 20.32x
- RoNW
- 31.93%
- RoE
- 89.99%
- RoCE
- 24.01%
- Debt / Equity
- 2.26
- EPS (pre-issue)
- ₹9.84
- EPS (post-issue)
- ₹6.89
- EBITDA Margin
- 11.32%
- PAT Margin
- 7.09%
- P/BV
- 4.54x
- NAV / share
- ₹30.83
- Market Cap
- ₹81.91 Cr
As of 31 Mar 2026 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Objects of the Issue
| Purpose | Est. Amount |
|---|---|
| Funding of capital expenditure towards purchase of property and renovation, modernization and fit-out thereof | ₹6 Cr |
| Working Capital Requirements | ₹11.5 Cr |
| General Corporate Purposes | ₹3.67 Cr |
| Issue Expenses | ₹3.42 Cr |
Net-proceeds utilisation as disclosed in the offer document.
Issue Expenses
| Purpose | Est. Amount |
|---|---|
| Fees payable to the Lead Manager and commissions (including underwriting commission, brokerage and selling commission) payable | ₹1.37 Cr |
| 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 Cr |
| Fees payable to Registrar to the Issue | ₹0.05 Cr |
| Printing and stationery expenses | ₹0.08 Cr |
| Advertising and marketing expenses | ₹1.11 Cr |
| Listing fees, regulator fee including the Stock Exchange, bidding software fees, and other regulatory expenses | ₹0.25 Cr |
| Fees payable to legal counsels | ₹0.15 Cr |
| Fees payable to Statutory Auditor | ₹0.15 Cr |
| Fees payable to Independent Chartered Engineer | ₹0.01 Cr |
| 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 Cr |
Promoters & Shareholding
Promoters: <p>Sanjay Gupta, Sooraj Gupta, Sanyogita Gupta</p>
- Holding (pre-issue)
- 92.91%
- Holding (post-issue)
- 65.02%
- Dilution
- 27.89%
Documents
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW | P/BV | Statements |
|---|---|---|---|---|---|---|
| Panchatv Bharat | 9.84 | 30.83 | — | 31.93% | — | Restated |
| Anjani Synthetics Ltd | 2.57 | 60.64 | 9.05x | 4.24% | 0.38x | — |
Peer group as disclosed in the offer document, figures as of 31 Mar 2025. The issuer’s P/E is computed at the upper price band.
Lead Managers (BRLMs)
Tap a lead manager to see every IPO it has run and how those listings fared.
Listing Performance
About the Panchatv Bharat IPO
The Panchatv Bharat SME IPO is open between 10 Sept 2026 and 15 Sept 2026, offered at an issue price of ₹140 per share, and is set to list on BSE. The IPO seeks to raise ₹24.58 crore. Retail investors bid in lots of 1000 shares, a minimum application of ₹2,80,000.
Issue structure
The IPO is structured entirely as a fresh issue of ₹23.35 crore, so the full proceeds flow to the company to fund its stated objects of the issue.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward working capital requirements (₹11.5 crore), alongside funding of capital expenditure towards purchase of property and renovation, modernization and fit-out thereof (₹6 crore). In all, 4 objects are disclosed — the full break-up is in the table above.
Financials
In FY2026, Panchatv Bharat reported revenue of ₹56.87 crore and a net profit of ₹4.03 crore. Revenue grew from ₹39.31 crore in FY2024 to ₹56.87 crore in FY2026 (+45.0%). Net worth stood at ₹12.62 crore at the end of FY2026. At the upper band, that puts the issue at roughly 14.2× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 20.32× post-issue earnings and 4.54× book value, against a return on net worth of 31.93% and a debt-to-equity ratio of 2.26. These ratios come from the offer document and are for comparison, not a recommendation.
Promoters
The promoters of the company are <p>Sanjay Gupta, Sooraj Gupta, Sanyogita Gupta</p>. Promoter holding stands at 92.91% before the issue and comes down to 65.02% after listing.
Grey market premium (GMP)
In the unofficial grey market, Panchatv Bharat shares are quoted at a premium of ₹3 implying an expected listing around ₹143, about +2.1% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.
Subscription
The Panchatv Bharat IPO was subscribed 1.4 times overall. The strongest demand came from retail investors at 2.42 times, with non-institutional investors (NII) at 0.39×.
Listing performance
Panchatv Bharat listed on 18 Sept 2026 at ₹128.95, a discount of -7.9% over the issue price of ₹140.
What to weigh
When evaluating the Panchatv Bharat IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.
About Panchatv Bharat
Incorporated in 2024, Panchatv Bharat Private Limited is a textile manufacturing company. The company manufactures denim fabrics through third-party facilities and also wholesales denim fabrics across India, sourcing them from distributors for nationwide distribution. Their manufacturing process encompasses the entire fabric production cycle—from yarn procurement and warp dyeing to weaving, finishing, and quality inspection. The company engages in third-party manufacturing and wholesale trading of denim fabrics for men’s and women’s wear, supplying mainly to Delhi, Uttar Pradesh, Gujarat, and other key Indian states. The company sold to 35 distributors as of June 30, 2024, and over 80 in FY 2023–24, with most revenue coming from Delhi and sales across multiple Indian states. As on June 30, 2025, the company has 13 employees including Managing Director, Whole-Time Director, Key Managerial Personnel, Middle level and support staff. Competitive Strength: Leveraging the experience of our Promoters and Management Team Strong Customer Base Scalable Business Model
Panchatv Bharat — Contact Details
- Registered office
- Ground Floor, Property No. IX/3615, Sat Narayan Mandir Gali, Gandhi Nagar, East Delhi, New Delhi, 110031
- Phone
- +91 8920318885
- Website
- www.panchatvlimited.com/
- Registrar (IPO queries)
- investor.ipo@maashitla.com
Frequently asked questions
- What is the Panchatv Bharat IPO price band?
- The Panchatv Bharat IPO price band is ₹140 per share, with a lot size of 1000 shares.
- What was the Panchatv Bharat IPO GMP before listing?
- The final grey market premium recorded before the Panchatv Bharat IPO listed was ₹3. The IPO listed on 18 Sept 2026 at ₹128.95, -7.9% against the issue price. GMP is an unofficial figure and was never a guarantee of the listing price.
- When does the Panchatv Bharat IPO open and close?
- The Panchatv Bharat IPO opens on 10 Sept 2026 and closes on 15 Sept 2026.
- When is the Panchatv Bharat IPO allotment and listing date?
- Allotment is expected on 16 Sept 2026. The shares are scheduled to list on 18 Sept 2026 on BSE.
- How many times was the Panchatv Bharat IPO subscribed?
- The Panchatv Bharat IPO was subscribed 1.4 times in total across all investor categories.
- What is the reservation split in the Panchatv Bharat IPO?
- Of the total shares offered, retail investors get 50%, non-institutional investors 50%. The full category-wise break-up is in the Issue Reservation table on this page.
- Who are the promoters of Panchatv Bharat and what is their holding?
- The promoters are <p>Sanjay Gupta, Sooraj Gupta, Sanyogita Gupta</p>. Promoter holding is 92.91% before the issue and 65.02% after listing.
- What is the P/E ratio of the Panchatv Bharat IPO?
- At the upper price band, the Panchatv Bharat IPO is valued at 14.23× pre-issue earnings and 20.32× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Panchatv Bharat IPO?
- The net proceeds go primarily toward working capital requirements, among 4 disclosed objects. See the Objects of the Issue table for the full break-up.
- Who are the lead managers and registrar of the Panchatv Bharat IPO?
- The book-running lead manager is Mark Corporate Advisors Pvt.Ltd.. Maashitla Securities is the registrar to the issue.
- Is Panchatv Bharat a Mainboard or SME IPO?
- Panchatv Bharat is an SME IPO, listing on BSE (SME platform).