Panchatv Bharat
What they do: Panchatv Bharat Limited engages in the trading of denim fabric and manufacturing through an outsourcing model. This approach allows the company to leverage external manufacturing capabilities while focusing on trading operations.
By IPO Milega Research · Published · Updated
Panchatv Bharat Limited has shown consistent growth in revenue and net profit over the past three fiscal years.
- Listing gain
- -7.89%
- Listed at ₹128.95
- Subscribed
- 1.4x
- Total
- Retail odds
- 41%
- 1 in 2.4
GMP is an unofficial grey market indication. GMP updated 19 Sept, 00:40 IST.
- Price band
- ₹140
- Lot size
- 2000 shares
- Min. investment
- ₹2,80,000
- Issue size
- 24.58 Cr.
- Open10 Sept 2026
- Close15 Sept 2026
- Allotment16 Sept 2026
- Listing18 Sept 2026
Overview
Estimated from the current subscription figures. Tap a category to work it out for your application size.
- QIB
- 0x
- NII
- 0.39x
- Retail
- 2.42x
₹143 (+2.14%)
GMP trend
Unofficial grey market quotes, times in IST
Where the money goes
- To the company
- ₹24.58 Cr
- Fresh issue
- To selling shareholders
- ₹0 Cr
- No offer for sale
- Funding of capital expenditure towards purchase of property and renovation, modernization and fit-out thereof₹6 Cr24%
- Working Capital Requirements₹11.5 Cr47%
- General Corporate Purposes₹3.67 Cr15%
- Issue Expenses₹3.42 Cr14%
Outer ring: estimated gain
How the score adds up
The overall score is the average of these five, nudged by QIB demand once bidding closes.
- Financials7.0
- Performance7.0
- Flexibility8.0
- Timing6.0
- Risk4.0
The approximate gains potential is based on the company's strong revenue growth, experienced management, and strategic market positioning in the textile industry. However, the absence of GMP data limits the precision of this estimate.
Strengths3
- Successful transition from proprietorships to a corporate entity.
- Establishment of a scalable business model with third-party manufacturing and leased loom machineries.
- Expansion of customer base to 89 active distributors across five states.
Concerns5
- Limited operating history affects revenue predictability.
- Negative cash flows from operations impact financial stability.
- Dependence on third-party manufacturers and suppliers.
- High customer concentration risk.
- Past compliance issues may lead to regulatory penalties.
Who gets shares
- QIB50%
- NII15%
- Retail35%
- Retail Minimum2,80,0002 lots, 2000 shares
- Retail Maximum2,80,0002 lots, 2000 shares
- S-HNI Minimum4,20,0003 lots, 3000 shares
| Application | Lot size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2000 | 2,80,000 |
| Retail Maximum | 2 | 2000 | 2,80,000 |
| S-HNI Minimum | 3 | 3000 | 4,20,000 |
Timing
6.0/10The timing of the IPO is moderately favorable. While there are significant risks related to regulatory changes and global economic conditions, the company's financial management shows some strength. The market environment is not ideal, but it is not entirely unfavorable either.
- Time to market
- The IPO is being launched amidst potential regulatory and economic challenges, which could deter investor interest. However, the company's ability to generate cash from financing activities suggests it is somewhat prepared to navigate these challenges.
- How allotment works
- Basis of allotment finalized and shares credited to demat
- Market timing
- Neutral
- Time to market
- 5.0
- Listing on
- BSE SME
Key milestones
- 10 Sept 2026IPO Opens
- 15 Sept 2026IPO Closes
- 16 Sept 2026Basis of Allotment
- 17 Sept 2026Refunds Initiated
- 17 Sept 2026Credit to Demat Account
- 18 Sept 2026Listing Date
Financials
7.0/10- Revenue
- ₹56.87 Cr
- +16.1%
- Profit after tax
- ₹4.03 Cr
- +42.4%
- Net margin
- 7.1%
- +1.3 pts
- Assets
- ₹33.78 Cr
- +24.4%
- Return on equity
- 31.93%
- Debt to equity
- 0.84
- Revenue CAGR
- 20.5%
- ROCE
- 24.01%
- Return on net worth
- 31.93%
- NAV per share (₹)
- 30.83
Financial performance trend
Amount ₹ in croresPanchatv Bharat Limited has shown consistent growth in revenue and net profit over the past three fiscal years. The company has a strong revenue CAGR of 20.5% and a net profit margin of 7.09% for FY2026. The financial position is supported by a healthy increase in shareholder's funds and manageable debt levels, although the current ratio and quick ratio are not provided for liquidity assessment.
Risk
4.0/10Read this score as a safety rating: 10/10 means the lowest risk, 1/10 the highest.
Where the risks sit
- Financial risks2
- Market risks1
- Operational risks2
- Regulatory risks1
The company faces significant operational and financial risks due to limited history, supply chain dependencies, and negative cash flows.
How the company offsets these
Focus on diversifying suppliers and customers, improve compliance and cash flow management.
Financial risks2
- Negative cash flows from operations impact financial stability.
- Significant borrowings increase financial risk.
Market risks1
- High customer concentration risk.
Operational risks2
- Limited operating history affects revenue predictability.
- Dependence on third-party manufacturers and suppliers.
Regulatory risks1
- Past compliance issues may lead to regulatory penalties.
Performance
7.0/10Panchatv Bharat Limited, a newly incorporated company in 2024, has shown promising growth in the textile industry, particularly in denim fabric manufacturing and distribution. The company has leveraged the extensive experience of its promoters, Mr. Sanjay Gupta and Mr. Sooraj Gupta, to transition from proprietorships to a corporate structure, achieving significant revenue growth and operational expansion.
- Historical growth
- The company has demonstrated strong revenue growth since its incorporation, with a CAGR of 32.47% in FY26, 41.55% in FY25, and 60.76% in FY24., High
- Market comparison
- The company operates in a highly competitive and fragmented textile market, facing competition from both domestic and international players. However, its focus on denim fabric and strategic partnerships provide a competitive edge.
- Future potential
- The company plans to expand its domestic presence and enter new markets, potentially increasing its customer base and revenue.
- Operational consistency
- Despite being a new entity, the company has maintained consistent growth and operational expansion, supported by experienced management and strategic business models.
- Experience
- Mr. Sanjay Gupta has over three decades of experience in the textile industry, while Mr. Sooraj Gupta has approximately eight years of experience.
- Track record
- The management has successfully expanded the business and maintained strong customer relationships.
Key achievements
- 01Successful transition from proprietorships to a corporate entity.
- 02Establishment of a scalable business model with third-party manufacturing and leased loom machineries.
- 03Expansion of customer base to 89 active distributors across five states.
Flexibility
8.0/10The company is well-positioned in the textile industry, benefiting from government incentives and a strong export market. It has a robust customer base and plans to expand its domestic presence, indicating strong market adaptability.
The company shows solid financial performance with increasing revenues and profitability. It maintains a healthy current ratio and has reduced its net debt to equity ratio over the years, indicating improving financial stability.
Panchatv Bharat Limited operates with an asset-light model, utilizing leased machinery and third-party manufacturing, which allows for quick scaling and adaptation to market demands.
Panchatv Bharat Limited demonstrates a high degree of flexibility and adaptability, driven by strategic initiatives in manufacturing, market expansion, and sustainability. The company leverages its asset-light model and strong promoter experience to maintain operational agility and financial stability.
- Product diversification
- Currently focused on denim fabrics, the company plans to diversify into suiting and shirting fabrics, although these lines are not yet operational.
- Future adaptability
- The company is poised for future adaptability with plans to expand product lines and market reach, supported by government policies and a strategic focus on sustainability.
The data on this page has been reviewed manually by the IPO Milega research team. It is not investment advice, and IPO Milega accepts no responsibility for losses arising from any investment decision. Investments in the securities market are subject to market risks. Read all the related documents, including the full prospectus, carefully before investing.