SME
IPO ·
BSE SME
Panchatv Bharat Ltd
Listed
Makes and sells unstitched denim fabric under the NJD brand to garment makers and wholesalers.
Issue details
Price band
₹140
Face value
₹10
Lot size
1,000 shares
Minimum investment
₹2,80,000
Issue size
₹24.58 Cr
Fresh issue
₹24.58 Cr
Offer for sale
—
Issue type
Fixed Price
Exchange
BSE SME
Key dates
Opens
10 Sep 2026
Closes
15 Sep 2026
UPI mandate cut-off
5:00 PM on 15 Sep 2026
Allotment
16 Sep 2026
Refunds
17 Sep 2026
Shares in demat
17 Sep 2026
Listing
18 Sep 2026
Subscription and listing
Subscription
1.40x
Listing price
₹128.95
Registrar
Maashitla Securities Pvt Ltd
Lead manager
Mark Corporate Advisors Pvt Ltd
Subscription by category
Total
1.40x
Total applications
1,101
Listing day
Issue price
₹140
Open
₹128.95
High
₹128.95
Low
₹122.55
Day close
₹122.55
Listing gain at open
-7.89%
Issue structure
Shares reserved per category and share of the total issue
NII
8,34,000
47.49%
Retail
8,34,000
47.49%
Market Maker
88,000
5.01%
Total
17,56,000
100.00%
Finaccle’s quick read
Avoid
Debt/equity is 2.26, with borrowings of ₹14.18 Cr against net worth of ₹12.62 Cr, and the issue is priced at 20.32x post-issue earnings. The company has a single product and only 9 staff.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Panchatv Bharat is an East Delhi company that sells unstitched denim fabric under its NJD brand to garment makers, distributors and wholesalers. Its main markets are Delhi, Uttar Pradesh, Gujarat and Rajasthan. Production is split between contract manufacturers in Ahmedabad and its own leased looms, which started in July 2025. It is a very small operation, with 9 employees and FY26 income of about ₹57 Cr.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
89.99%
ROCE
24.01%
Debt / equity
2.26
PAT margin
7.09%
P/E post issue
20.32
Market cap
₹81.91 Cr
Use of IPO money
Capex for property purchase, renovation and fit-out
₹6.00 Cr
Working capital
₹11.50 Cr
General corporate purposes
₹3.67 Cr
Issue expenses
₹3.42 Cr
Strengths
✓
Own NJD denim brand with established trade buyers
✓
Flexible mix of outsourced and in-house production
✓
PAT has risen steadily over three years
✓
Entirely fresh issue
Risks to watch
!
High debt/equity of 2.26
!
Borrowings nearly doubled to ₹14.18 Cr in FY26
!
Single product (denim) and a team of just 9
!
Post-issue P/E of 20.32 is rich for a small fabric trader
!
Promoter holding falls to 53.68% after the issue
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.