Panchatv Bharat IPO
smelistedAbout the company
Panchatv Bharat Ltd, established initially on March 6, 2024, is in the business of producing and bulk supplying denim cloth through third-party manufacturing facilities as well as their own leasing of loom machinery. They buy finished denim cloth from their distributors and suppliers and sell it in bulk to garment manufacturers, distributors, dealers and wholesalers in India. All the revenues earned by the company are from the sale of unstitched denim cloth of its own brand name "NJD", with a price range of ₹120 to ₹275/metre. Their loom machine manufacturing facility has 10 looms with a capacity of 50,000 metres/month and is working at an 84% utilisation rate as of June 30, 2026. It usually takes 30 to 45 days for the production and dispatch process. As of July 2026, it has nine employees working for PBL, having an asset-light structure of 89 distributors spread across 5 states and about 18 raw material suppliers in Gujarat. The traded denims accounted for 76.2%, and the manufactured denims accounted for 23.7% of FY26 sales. Regionally, Delhi continues to be the leading region, with 67.5% of FY26 sales through 65 distributors, while Uttar Pradesh accounted for 24.7% of FY26 sales. Repeat sales accounted for about 52.7% of FY26 sales. The top 10 customers accounted for 54.6% of FY26 sales, whereas the top10 suppliers represented 39.6% of FY26 sales.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 15 Sep | ₹3 | ₹143 | -18 |
| 14 Sep | ₹21 | ₹161 | +10 |
| 13 Sep | ₹11 | ₹151 | 0 |
| 12 Sep | ₹11 | ₹151 | +4 |
| 11 Sep | ₹7 | ₹147 | 0 |
| 10 Sep | ₹7 | ₹147 | +7 |
| 09 Sep | ₹0 | ₹140 | 0 |
| 08 Sep | ₹0 | ₹140 | 0 |
Strengths
- Experienced promoters with strong knowledge of the textile trading industry
- Strong revenue growth, with sales rising significantly in recent years
- Improving profitability and healthy return ratios
- Growing customer and distributor network across multiple states
- Asset-light business model with third-party manufacturing support
- Repeat customers contribute a meaningful share of revenue
- Scalable business model with relatively lower manufacturing infrastructure requirements
Risks
- Short corporate operating history makes long-term performance difficult to assess
- Heavy dependence on third-party manufacturers for production, quality and delivery
- Reliance on suppliers without long-term supply agreements
- Fluctuations in cotton, yarn and other raw material prices could pressure margins
- Dependence on key customers without long-term contracts creates customer concentration risk
- Textile trading and denim markets are highly competitive and price-sensitive
- SME shares may experience higher volatility and lower liquidity after listing
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed10 Sept 2026Bidding starts for all investor categories
IPO Closes
Completed15 Sept 2026Last day to place your bid
Basis of Allotment
Completed16 Sept 2026Share allotment finalised
Refund Initiation
Completed17 Sept 2026Refunds credited for non-allottees
Credit to Demat
Completed17 Sept 2026Allotted shares credited to demat account
Listing on Exchange
Completed18 Sept 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1000 | ₹140,000 | 1 | ₹140,000 | 1 lot only |
| HNI | 2 | 2000 | ₹280,000 | 2 | ₹280,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 892,857 | 12.5 | 0 | 0.00x | 100% |
| NII | 15% | 267,857 | 3.75 | 0 | 0.00x | 100% |
| Retail | 35% | 625,000 | 8.75 | 12,500 | 0.02x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
