Panchatv Bharat IPO Analysis & Review

Quick Answers

What is the Panchatv Bharat IPO GMP today? The Panchatv Bharat IPO GMP is ₹0 as of 10/9/2026, 4:53:36 am. The IPO price band is ₹140 - ₹140. GMP represents an unofficial grey-market indication and does not guarantee the listing price.

When does Panchatv Bharat IPO open? The Panchatv Bharat IPO opens on 2026-09-10 and closes on 2026-09-15.

What is the Panchatv Bharat IPO subscription status? The overall subscription is 0x.

Key IPO Information

ViewIPO AI Analysis Score

The Panchatv Bharat IPO scored 63/100 (Moderate Risk) in our deep analysis.

Frequently Asked Questions

What is the primary business of Panchatv Bharat Limited?

Panchatv Bharat Limited is an Indian manufacturer and wholesale distributor of grey and finished denim fabrics under its own brand, operating primarily through third-party manufacturing arrangements in Narol and Piplaj, Ahmedabad.

What are the opening and closing dates for the Panchatv Bharat IPO?

The Panchatv Bharat IPO opens for subscription on September 10, 2026, and closes on September 15, 2026. The allotment date is tentative for September 16, 2026, with listing expected on September 18, 2026.

What is the issue size and price band for the Panchatv Bharat IPO?

The total issue size is ₹24.58 crore. The issue price band is set at ₹140 per share with a minimum lot size of 1,000 equity shares, requiring a minimum investment of ₹2,80,000.

What has been the financial performance of Panchatv Bharat Limited over recent years?

Panchatv Bharat's revenue from operations increased from ₹24.45 crore in FY23 to ₹39.31 crore in FY24 and ₹48.99 crore in FY25. Net profit after tax (PAT) grew from ₹0.34 crore in FY23 to ₹2.02 crore in FY24 and ₹2.83 crore in FY25.

How will Panchatv Bharat utilize the proceeds from the IPO?

The company intends to allocate ₹4.50 crore towards capital expenditure for purchasing property, ₹11.50 crore to fund working capital requirements, and the remainder for general corporate purposes.

Who are the key lead managers and registrars for the Panchatv Bharat IPO?

Mark Corporate Advisors Private Limited is the Book Running Lead Manager to the issue, while Maashitla Securities Private Limited serves as the Registrar.

What are the major risk factors disclosed by Panchatv Bharat Limited?

Key risks include heavy geographic revenue reliance on Delhi (84.89% in FY25), third-party dependency for denim processing without long-term exclusive contracts, concentration among top suppliers in Gujarat, and historical negative operating cash flows.

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Home›India›Panchatv Bharat ()
Panchatv Bharat Logo

Panchatv BharatNSE SME / BSE SME:

Analyzed by ViewIPO Financial Research Team
TextilesIndiaFiled 2026-09-10Listing 2026-09-18Size ₹24.9Cr
Lot Size 1000
Live GMP
₹0 (0%)
Check Allotment
Status Link

Is Panchatv Bharat IPO Good? Quick Verdict

Panchatv Bharat IPO scored 63/100 (Moderate Risk) in our deep analysis. The strongest pillar is Financial at 82/100, while Valuation is the primary concern at 50/100. Panchatv Bharat Ltd exhibits steady revenue and profit growth in denim fabric wholesaling, but carries risk from high geographic concentration in Delhi, complete reliance on third-party manufacturing, and negative operating cash flows.

IPO Score
63/100
Moderate Risk

Quick Verdict

Consistent revenue growth from ₹24.45 Cr in FY23 to ₹48.99 Cr in FY25 with healthy ROCE of 26.81%.
Extreme geographic revenue concentration with 84.89% of FY25 revenue generated from Delhi alone.
Complete reliance on third-party manufacturing facilities in Gujarat without long-term exclusive agreements.
Negative operating cash flow in FY24 (-₹0.40 Cr) and substantial capital locked in inventory and receivables.

Company Snapshot

Revenue (TTM)
₹48.99Cr↑ 24.62% YoY
Profitability
PositiveNet Income ₹2.83Cr
Gross Margin
— 
Market Cap
—Pending Data
IPO Size
₹24.9Cr 
Industry
Textiles 
P/E Ratio
—Pending Data
Debt to Equity
0.86xLeverage
EPS
₹6.91Earnings Per Share
NAV
₹22.1Net Asset Value
RoNW
31.25%Return on Net Worth

Risk Breakdown

Governance
65
Moderate
Financial
82
Excellent
Valuation
50
Expensive
Competition
50
Expensive
Dilution
70
Moderate
Promoter / Mgmt
60
Moderate

AI Summary

Panchatv Bharat Limited is an Indian manufacturer and wholesale distributor of grey and finished denim fabrics incorporated in March 2024. The company has demonstrated steady top-line growth, with revenue expanding to ₹48.99 crore in FY25 alongside a profit after tax of ₹2.83 crore. However, Panchatv Bharat relies heavily on uncontracted third-party outsourced manufacturing and suffers from high customer and geographic concentration, with Delhi accounting for nearly 85% of FY25 revenues. The ₹24.58 crore IPO is primarily intended to fund capital expenditure for property purchase and meet working capital requirements.

Overall Verdict: Panchatv Bharat Ltd exhibits steady revenue and profit growth in denim fabric wholesaling, but carries risk from high geographic concentration in Delhi, complete reliance on third-party manufacturing, and negative operating cash flows.

Key Highlights

  • •Panchatv Bharat manufactures and distributes grey and finished denim fabrics across 6 Indian states.
  • •Operates an asset-light model via third-party manufacturing partners in Narol and Piplaj, Ahmedabad.
  • •Revenue from operations grew from ₹24.45 crore in FY23 to ₹39.31 crore in FY24 and ₹48.99 crore in FY25.
  • •Profit After Tax (PAT) expanded from ₹0.34 crore in FY23 to ₹2.02 crore in FY24 and ₹2.83 crore in FY25.
  • •Customer network expanded to 98 customers and 90+ active distributors as of March 31, 2025.
  • •Net proceeds will be used for property purchase capital expenditure (₹4.50 Cr) and working capital (₹11.50 Cr).

Financial Performance

Revenue (Annual)

↑ +24.6% YoY

INR in Crores

Net Income (Annual)

↑ +40.1% YoY

INR in Crores

Cash Flow vs Profit

↑ +100.0% YoY

INR in Crores

CF
NP

EBITDA vs PAT

EBITDA YoY

INR in Crores

EBITDA
PAT

IPO Timeline

IPO Opens2026-09-10
IPO Closes2026-09-15
Basis of Allotment2026-09-16
Refunds & Demat2026-09-17
Listing Date2026-09-18

Valuation Analysis

IPO Price₹140
Estimated Fair Value
Pending Data
Valuation Premium
Pending
vs Fair Value

IPO DNA

Growth
66
Governance
65
Profitability
82
Valuation
50
Competition
50
Execution
60

Pros vs Cons

Pros

  • Consistent growth in annual revenue from ₹24.45 crore in FY23 to ₹48.99 crore in FY25.
  • Strong returns metrics with a ROCE of 26.81% and Return on Net Worth of 31.25% in FY25.
  • Flexible asset-light operational model combining outsourced partner facilities with limited self-manufacturing.
  • Growing customer base with 45.24% repeat business revenue contribution in FY25.

Cons

  • Heavy geographic concentration with 84.89% of FY25 revenue derived from Delhi.
  • Top 10 customer concentration accounting for 47.02% of FY25 operating revenues without long-term contracts.
  • Full dependency on third-party manufacturing facilities without exclusive long-term supply agreements.
  • Working capital strain with ₹10.69 crore tied up in inventory and ₹8.58 crore in trade receivables as of FY25.

Financial Health

Revenue Growth
24.6% YoY growth in FY25 (₹39.31 Cr to ₹48.99 Cr) (Good)
Debt Level
Debt-to-Equity ratio of 0.86x; Total borrowings of ₹7.52 Cr as of June 2025 (Good)
Cash & Equivalents
Negative operating cash flow (-₹0.40 Cr in FY24); High working capital in inventory and receivables (Weak)

Institutional Signals

Anchor Investors
Undisclosed
VC Backing Tier
None
Strategic Partners
Tier-3 (Outsourced manufacturing partners in Narol and Piplaj, Ahmedabad)

Panchatv Bharat IPO Reddit Pulse & Sentiment

Real-time Reddit discussions & retail sentiment

No Public Data Available

We couldn't find any significant public discussions or retail sentiment threads for this IPO at the moment.

Disclaimer: These are raw community discussions aggregated from public forums. The AI summary and Reddit comments do not constitute financial advice. Always conduct your own independent research.

Panchatv Bharat IPO — Frequently Asked Questions

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IPO Terminology Explained

Confused by terms like GMP, Kostak, or Subject to Sauda? Read our detailed guides in the IPO Glossary to understand the terminology before you invest.

Grey Market Premium (GMP)Subject to SaudaASBAOffer for Sale (OFS)
View Full Glossary

Source Citation: All financial data and risk metrics are derived from the official prospectus filed with the regulator (SEBI DRHP/RHP). ViewIPO algorithms process this public data for informational purposes. Not financial advice.

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Frequently Asked Questions about Panchatv Bharat

What is the expected listing price of Panchatv Bharat?

The expected listing price depends on the live Grey Market Premium. Check the live GMP and expected listing price for Panchatv Bharat on our Live GMP Tracker.