Panchatv Bharat IPO

Panchatv Bharat Limited, incorporated in March 2024, is engaged in the manufacturing and wholesale distribution of denim fabrics under its brand ‘NJD’. The company caters primarily to garment manufacturers, distributors, dealers and wholesalers across key Indian markets, including Delhi, Uttar Pradesh, Gujarat, Haryana and Rajasthan. It follows a hybrid manufacturing model involving third-party manufacturing arrangements and self-manufacturing through leased loom machinery. Its manufacturing process covers yarn procurement, dyeing, weaving, finishing, quality inspection and packing. The company also has the capability to supply unstitched suiting and shirting fabrics on a made-to-order basis. Its promoters bring longstanding experience in the textile business, with the promoter family’s fabric operations tracing back to the 1990s.

Panchatv Bharat Limited IPO Overview

Panchatv Bharat Limited IPO is a fixed-price SME issue aggregating up to ₹24.58 crore, comprising 17,56,000 equity shares at an issue price of ₹140 per share. The issue is entirely a fresh issue, with no offer for sale. Of the total issue, 88,000 shares, aggregating approximately ₹1.23 crore, are reserved for the market maker, while the net public issue comprises 16,68,000 shares aggregating approximately ₹23.35 crore. The IPO opens on 10 September 2026 and closes on 15 September 2026, with allotment scheduled for 16 September, refunds and demat credit on 17 September, and tentative listing on BSE SME on 18 September 2026. Mark Corporate Advisors Pvt. Ltd. is the lead manager, Maashitla Securities Pvt. Ltd. is the registrar, and Giriraj Stock Broking Pvt. Ltd. is the market maker.

Panchatv Bharat Limited IPO Details

Particulars	Details
IPO Date	10 to 15 September 2026
Listing Date	18 September 2026
Face Value	₹10 per share
Issue Price	₹140 per share
Lot Size	1,000 Shares
Total Issue Size	17,56,000 shares (aggregating up to ₹24.58 Cr)
Fresh Issue	17,56,000 shares (aggregating up to ₹24.58 Cr)
Offer for Sale	NA
Issue Type	Fixed Price IPO
Listing At	BSE SME
Share Holding Pre Issue	40,95,000 shares
Share Holding Post Issue	58,51,000 shares
Market Maker Portion	88,000 shares
Lead Manager	Mark Corporate Advisors Pvt. Ltd.
Registrar	Maashitla Securities Pvt. Ltd.
Market Maker	Giriraj Stock Broking Pvt. Ltd.

Panchatv Bharat Limited IPO Reservation

Investor Category	Shares Offered
NII (HNI)	8,34,000 shares (50.00% of Net Issue)
Retail	8,34,000 shares (50.00% of Net Issue)
Market Maker	88,000 shares

Panchatv Bharat Limited IPO Lot Size

Application	Lots	Shares	Amount
Individual Investor (Min)	2	2,000	₹2,80,000
Individual Investor (Max)	2	2,000	₹2,80,000
HNI (Min)	3	3,000	₹4,20,000

Panchatv Bharat Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	92.91%
Post-Issue	65.02%

Panchatv Bharat Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹6.89
Price/Earnings (P/E) Ratio	20.32x
Return on Net Worth (RoNW)	31.93%
Net Asset Value (NAV)	₹30.83
Return on Equity	89.99%
Return on Capital Employed (ROCE)	24.01%
EBITDA Margin	11.32%
PAT Margin	7.09%
Debt to Equity Ratio	2.26

Objectives of the Proceeds

1. Capital Expenditure: ₹6.00 crore will fund property purchase and renovation, modernisation and fit-out activities for business operations.

2. Working Capital Requirements: ₹11.50 crore will support working capital needs and help finance the company’s ongoing operational requirements.

3. General Corporate Purposes: ₹3.67 crore will be utilised for general corporate purposes and other permissible business requirements.

4. Issue Expenses: ₹3.42 crore has been earmarked towards expenses associated with the public issue.

Key Financials (in ₹ crore)

Particulars	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	33.78	27.16	16.88
Revenue	56.87	48.99	39.31
Profit After Tax	4.03	2.83	2.02
Reserves and Surplus	8.53	4.95	—
Total Borrowings	14.18	7.74	7.66

IPO Strengths

1. Flexible hybrid manufacturing model.

2. Established customer base across key textile markets.

3. Experienced Promoters with longstanding textile expertise.

4. Ability to cater to varied customer requirements through customized fabric offerings.

5. Scalable business model with scope for product diversification into suiting and shirting fabrics.

Peer Group Comparison

Company Name	EPS (Basic)	EPS (Diluted)	NAV (₹)	P/E (x)	RoNW (%)	P/BV (x)
Panchatv Bharat Limited	9.84	9.84	30.83	—	31.93	—
Peer Group
Anjani Synthetics Ltd.	2.57	2.57	60.64	9.05	4.24	0.38