Panchatv Bharat IPO
IPO Open Now
₹2,80,000 / 2,000 shares
Price Range: ₹140 – ₹140 per share
Bidding Dates10 Sept, 2026 – 15 Sept, 2026
Min Investment₹2,80,000
Lot Size1,000
Issue Size₹24.58 Cr.
IPO Overview
IPO Subscription Details
Retail Subscription0.07x
Non-Institutional Buyers (bHNI)0.11x
Total Subscription0.09xOver-subscribed
IPO Timeline
IPO Offer Start10 Sept, 2026
IPO Offer Ends15 Sept, 2026
Allotment Finalisation16 Sept, 2026
Refund Initiation17 Sept, 2026
Listing of Shares18 Sept, 2026
IPO Analysis
Strengths
- The company is led by experienced promoters with extensive textile industry knowledge. Mr. Sanjay Gupta brings over three decades of experience, having expanded sales network across six states since inception.
- The company has served over 89 active distributors across five states as of March 31, 2026. In FY 2025-26, approximately 52.75% of revenue was generated from repeat customers, reflecting strong customer retention.
- The company operates through third-party manufacturing arrangements and leased loom machineries, enabling operational flexibility without significant capital expenditure. The company has established sourcing relationships with approximately 18 raw material suppliers from Gujarat in FY 2025-26.
Risks
- The company was incorporated in March 2024 specifically to acquire proprietorship businesses of its promoters, providing only one year of operating history as a corporate entity. This limited track record makes it difficult for investors to evaluate historical performance or future prospects, and future revenues and profitability could fluctuate significantly.
- The company outsources manufacturing processes to third parties without exclusivity arrangements, creating risks of supply disruption, quality issues, and competitor interference. Any inability to obtain sufficient quantities of processed materials or operational disruptions at third-party facilities could adversely affect business operations and financial condition.
- The company experienced negative cash flows from operating activities of ₹1,085.12 Lakhs in FY 2025-26 and ₹40.24 Lakhs in FY 2023-24, primarily due to working capital management decisions including higher inventory levels and faster settlement of trade payables. Extended negative cash flows could materially impact business operations and growth plans.
Objects of the Issue
The company proposes to acquire an office-cum-godown space at Gandhi Nagar, Delhi to establish a dedicated, owned facility that integrates administrative and storage functions under one roof. This acquisition aims to reduce recurring rental outflows, improve inventory management, and enable more efficient coordination between business functions.
The company proposes to utilize funds towards financing inventory, trade receivables, manufacturing and processing expenses, and other operating requirements in the ordinary course of business. The working capital will support procurement of raw materials, manufacturing expenses, inventory holding, logistics, and trade receivables.
The company proposes to utilize funds for meeting day-to-day expenses including short-term working capital requirements, salaries and wages, administration, insurance, repairs and maintenance, payment of taxes and duties, brand building and marketing expenses, and other purposes in the ordinary course of business.
Yearly Financial Results
Standalone — ₹ Crores
| Annual Financials | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Revenue | 39.31 | 48.99 | 56.85 |
| Expenses | 36.58 | 45.27 | 51.41 |
| Other Income | 0.00 | 0.00 | 0.02 |
| Total Revenue | 39.31 | 48.99 | 56.87 |
| Profit Before Tax | 2.73 | 3.72 | 5.46 |
| Net Profit | 2.02 | 2.83 | 4.03 |
Balance Sheet
Standalone — ₹ Crores
| Balance Sheet | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Total Assets | 16.88 | 27.16 | 33.78 |
| Current Assets | 13.05 | 23.33 | 33.01 |
| Fixed Assets | 3.83 | 3.83 | 0.76 |
| Total Equity & Liabilities | 16.88 | 27.16 | 33.78 |
| Total Liabilities | 13.49 | 18.11 | 21.15 |
| Current Liabilities | 9.29 | 15.25 | 17.56 |
| Non Current Liabilities | 4.20 | 2.86 | 3.60 |
| Total Equity | 3.39 | 9.05 | 12.62 |
Cash Flow
Standalone — ₹ Crores
| Cash Flow | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Net Cash Flow | -0.05 | 2.84 | -2.85 |
| Investing Activities | -0.05 | 0.00 | 3.00 |
| Operating Activities | -0.40 | 0.72 | -10.85 |
| Financing Activities | 0.40 | 2.12 | 5.01 |
About Panchatv Bharat
Panchatv Bharat Limited is a textile company incorporated in March 2024, engaged in manufacturing denim fabrics through third-party arrangements and leased loom machinery, as well as procuring finished denim fabric from distributors and suppliers. The company operates under the brand name 'NJD' and sells finished denim fabric in bulk.
Documents
Source: DRHP
Discussion
Share your thoughts, ask questions, or discuss this IPO with other investors.
No comments yet. Be the first to share your thoughts!
Leave a Comment