Panchatv Bharat Ltd IPO
Trading
Price Band
₹140 – ₹140
Lot Size
1000
Minimum Bid Quantity
2000
Minimum Investment
₹280000
Issue Size
₹24.58Cr
Opens
2026-09-10
Closes
2026-09-15
Listing
18-09-2026
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE0VXN01011
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Panchatv Bharat Limited is a manufacturer and wholesale distributor of denim fabrics in India. The company offers grey fabrics and finished denim fabrics, which are distributed across markets including Delhi, Uttar Pradesh, Gujarat, Haryana, and Rajasthan. Its denim fabrics are manufactured under its own brand through third-party manufacturing arrangements and a leased self-production facility. The company has partnered with manufacturing facilities in Narol and Piplaj, Ahmedabad, for outsourced production, where finished denim fabrics are produced from cotton yarn supplied by the company. The manufacturing process includes yarn warping, yarn dyeing, weaving through air jet looms, finishing treatments, and fabric inspection. The company also procures fabrics from distributors and suppliers for wholesale distribution. In addition to third-party manufacturing and trading activities, the company has set up a limited self-manufacturing line using leased machinery, with commercial operations yet to commence in full. The company was incorporated in March 2024.
Pros
- • The company had a customer base of 98 customers in FY24-25, up from 83 in FY23-24. It served over 90 active distributors across six states as of March 31, 2025. Approximately 45.24% of its revenue in FY24-25 came from repeat customers.
- • The company operates through a third-party manufacturing model supplemented by limited self-manufacturing. This allows it to adjust production capacity based on changes in demand without requiring significant capital expenditure on manufacturing infrastructure.
- • The company has established sourcing relationships with approximately 15 raw material suppliers. These relationships provide access to cotton yarn and other inputs required for its denim fabric operations.
Cons
- • Panchatv Bharat has a limited operating history as a company. It was incorporated in March 2024 and acquired the businesses of its promoters’ proprietorship firms, which had been operating since 1994, 2017, and 2023. The limited operating history of the company makes it difficult to assess its historical performance and future prospects, and its revenues and profitability may fluctuate.
- • Panchatv Bharat operates in a competitive textile market and has relatively low profit margins. The company faces competition from both organised and unorganised players, while fluctuations in raw material and other operating costs could put further pressure on its margins. Increased competition or pressure on selling prices could adversely affect the company’s profitability and financial performance.
- • Panchatv Bharat’s manufacturing processes are currently fully outsourced to third-party manufacturers without exclusive arrangements. The company sources denim fabrics from manufacturing facilities in Narol and Piplaj, Ahmedabad, and relies on these parties for processes including yarn warping, yarn dyeing and finishing. Any disruption in their operations, increase in manufacturing costs, decline in product quality, or decision to cater to competitors on more favourable terms could adversely affect the company’s production and financial performance.
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