Panchatv Bharat SME IPO
Panchatv Bharat IPO — date, price band, lot size & details 2026
Panchatv Bharat listed on 18 Sep 2026 at ₹128.95, 7.9% below the ₹140 issue price.
Panchatv Bharat is a denim fabric company that gets its fabric made at third-party facilities and also wholesales denim sourced from distributors. It supplies men's and women's wear fabric mainly to Delhi, Uttar Pradesh and Gujarat, and had 13 employees as on 30 June 2025.
Stock price
Panchatv Bharat is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 23 October.
- Open 10 Sep 2026
- Close 15 Sep 2026
- Allotment 16 Sep 2026
- Refund/credit 17 Sep 2026
- Listing 18 Sep 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 10 to 15 Sep, 2026 |
|---|---|
| Price Band | ₹140 |
| Face Value | ₹10 |
| Lot Size | 1000 Shares |
| Issue Size | ₹24.58 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| Registrar | Maashitla Securities Private Limited |
| Min Investment | ₹ 2,80,000 |
What will it cost me?
Bidding is in multiples of 1000 shares at the ₹140 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 2,000 | ₹2,80,000 |
| Retail (max) | 2 | 2,000 | ₹2,80,000 |
| HNI (min) | 3 | 3,000 | ₹4,20,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 8
- 01Sales have doubled in two years, from Rs 24.45 crore in FY2023 to Rs 39.31 crore in FY2024 and Rs 48.99 crore in FY2025.
- 02Profit has grown from Rs 0.34 crore in FY2023 to Rs 2.02 crore in FY2024 and Rs 2.83 crore in FY2025.
- 03EBITDA improved from Rs 0.82 crore in FY2023 to Rs 4.55 crore in FY2025.
- 04Return ratios are good on the reported numbers, with RoCE of 26.81% and RoNW of 31.25%.
- 05Net worth grew from Rs 1.10 crore in FY2023 to Rs 9.05 crore in FY2025.
- 06Getting fabric made at third party facilities keeps the fixed cost low, since the company does not have to run and maintain a mill of its own.
- 07It already has a distributor base, with more than 80 distributors during FY2023-24, and sells across several states.
- 08The whole issue is fresh capital, with Rs 4.50 crore for a corporate office and warehouse at Ahmedabad and Rs 11.50 crore for working capital.
Risks · 10
- 01There is a serious inconsistency in the offer document data. The company is stated to have been incorporated in 2024, yet financial figures are shown for FY2023, FY2024 and FY2025, and it reports having had distributors during FY2023-24. This must be checked in the RHP before relying on the three year record.
- 02The financial data is old for an issue opening in September 2026. The latest year given is FY2025, ending 31 March 2025.
- 03The company does not own a manufacturing facility. All fabric is made at third party premises, so it does not control capacity, quality or scheduling.
- 04It is extremely small in people terms, with only 13 employees in total including the directors.
- 05The profit margin is thin at 5.77%, which is normal for a trading led fabric business.
- 06The issue is priced at about 20.32 times earnings on an EPS of Rs 6.89, which is high for a business that mostly buys and resells.
- 07Most of the revenue comes from Delhi, so it depends heavily on one market.
- 08The category wise reservation for this issue is not available in the data we have, so it must be read from the RHP.
- 09This is a fixed price issue at Rs 140 per share, so there is no price discovery through bidding, and promoter holding falls from 92.91% to 65.02%.
- 10This is an SME issue. One lot is 1,000 shares, which is Rs 1.40 lakh at the issue price, and SME shares usually trade in low volume after listing.
Three years of numbers
All figures in ₹ crore, as reported in the Panchatv Bharat offer document.
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 27.16 | 16.88 | 12.45 |
| Total Income | 48.99 | 39.31 | 24.45 |
| Profit After Tax | 2.83 | 2.02 | 0.34 |
| EBITDA | 4.55 | 3.22 | 0.82 |
| NET Worth | 9.05 | 3.39 | 1.10 |
| Reserves and Surplus | 4.95 | ||
| Total Borrowing | 7.74 | 7.66 | 7.08 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Panchatv Bharat RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Panchatv Bharat IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹6.89 |
| P/E Ratio (x) | 20.32 |
| Market Cap at Offer Price (₹ Cr) | ₹57.50 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹140 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹19.00 Cr of the issue is earmarked to named objects.
About the company
The production cycle it describes covers buying yarn, warp dyeing, weaving, finishing and quality inspection, but this work is carried out at third party facilities rather than at a plant of its own.
Its fabric is used for men's and women's wear, and it supplies mainly to Delhi, Uttar Pradesh, Gujarat and other states. It had 35 distributors as on 30 June 2024 and more than 80 during FY2023-24, with most of its revenue coming from Delhi. As on 30 June 2025 it had 13 employees, counting the Managing Director, the Whole-Time Director, key managerial personnel and middle level and support staff.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 9999664529
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Mark Corporate Advisors Private Limited
1 issue handled1 of their issues has listed so far, and 0 opened above the issue price (average -20%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Panchatv Bharat?
The current Grey Market Premium is ₹3, or 2.14% over the issue price.
What is the Panchatv Bharat IPO price band?
₹140, on a face value of ₹10.
When is the allotment?
The basis of allotment is 16 September 2026, with listing on 18 September 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Maashitla Securities Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
