ListedSMEFixed priceNSEBSE

Panchatv Bharat IPO

₹140.00Issue price

Listed on 18 September 2026 at an issue price of ₹140.00.

Subscription and grey market figures refresh on a 30-minute cycle. Last synced 2 October 2026. Confirm current numbers on the exchange websites before you apply.

Issue size
₹24.58 Cr
Lot size
1,000 shares
Minimum investment
₹1,40,000.00
Face value
₹10.00
Fresh issue
₹23.35 Cr
Offer for sale
₹1.23 Cr
Exchanges
NSE and BSE
Bidding dates
10 September 2026 to 15 September 2026

Listed on the exchange

Panchatv Bharat priced its issue at ₹140.00 and began trading on 18 September 2026.

The dates that matter

An Indian IPO runs on a fixed calendar. Bidding stays open for three working days, the allotment is finalised the next working day, and the shares begin trading the day after that.

    Issue dates

  1. Bidding opensCompleted

    10 September 2026

  2. Bidding closesCompleted

    15 September 2026

  3. Basis of allotmentCompleted

    16 September 2026

  4. Refunds initiatedCompleted

    17 September 2026

  5. Shares credited to DematCompleted

    17 September 2026

  6. Listing on the exchangeCompleted

    18 September 2026

This is a fixed-price issue, so there is no anchor investor step. Anchor bidding exists only where an issue is book built and the price is discovered through bidding.

Grey market premium

Grey market premium is the price traders quote among themselves for shares that have not listed yet. Below is the full day-by-day record we hold for this issue, not only the latest figure, because the movement across the bidding window says more than any single day does.

-341117248 Sept18 Sept
Grey market premium per share over 11 recorded days. Hover or use the arrow keys to read any day.
Grey market premium history for Panchatv Bharat
DatePremium per share
2026-09-080
2026-09-090
2026-09-107
2026-09-117
2026-09-1211
2026-09-1311
2026-09-1421
2026-09-153
2026-09-163
2026-09-173
2026-09-183
Day by day, 11 records
DatePremium per shareImplied listing priceImplied gain
18 September 2026₹3.00₹143.002.14%
17 September 2026₹3.00₹143.002.14%
16 September 2026₹3.00₹143.002.14%
15 September 2026₹3.00₹143.002.14%
14 September 2026₹21.00₹161.0015.00%
13 September 2026₹11.00₹151.007.86%
12 September 2026₹11.00₹151.007.86%
11 September 2026₹7.00₹147.005.00%
10 September 2026₹7.00₹147.005.00%
9 September 2026Not recorded₹140.000.00%
8 September 2026Not recorded₹120.000.00%

About Panchatv Bharat

Panchatv Bharat Ltd. makes and distributes unstitched denim fabric under its own NJD brand. The company sells to garment manufacturers, distributors, dealers and wholesalers, with most demand coming from Delhi, Uttar Pradesh, Gujarat and Rajasthan. It runs a hybrid model: third-party units at Narol and Piplaj in Ahmedabad handle part of the work, and leased loom machinery started commercial output in July 2025. The process runs from cotton yarn or greige fabric through weaving, dyeing, finishing, inspection and packing. Sales so far cover denim only, though the company can supply suiting and shirting fabric on request. It listed 9 employees as of July 1, 2026.

Promoters

  • Sanjay Gupta
  • Sooraj Gupta
  • Sanyogita Gupta

Financial highlights

The last three fiscal years as the offer document states them. Reading across a row shows whether the figure has grown, which is why the years run left to right.

Metric (₹ crore)Mar 2024Mar 2025Mar 2026
Assets16.8827.1633.78
Total Income39.3148.9956.87
Profit After Tax2.022.834.03
EBITDA3.224.556.44
NET Worth3.399.0512.62
Reserves and Surplus—4.958.53
Total Borrowing7.667.7414.18

Figures are in ₹ crore and reproduced from the offer document, covering Mar 2024 to Mar 2026. A dash means the document does not state that figure for that period. A fiscal year ending March is labelled by its closing month, and where the document states a figure on a different basis the label here follows the document rather than normalising it.

Key ratios

Valuation and return ratios calculated from the issuer's financials. These are the figures the issue price is usually judged against, and the offer document carries the working behind each one.

RatioValueWhat it measures
Earnings per share₹9.84Profit after tax divided by the number of shares.
P/E at the cap price14.23xIssue price divided by earnings per share. Lower is cheaper, but only against the same industry.
P/E after the issue20.32xThe same ratio recalculated on the larger post-issue share count.
Price to book4.54xIssue price against net assets per share.
Net asset value per share₹30.83What the company owns, less what it owes, per share.
Return on equity89.99%Profit earned on shareholders’ money.
Return on capital employed24.01%Profit earned on all the capital in the business, including debt.
Return on net worth31.93%The offer document’s own name for return on shareholders’ funds.
Debt to equity2.26xBorrowings against shareholders’ funds. Higher means more leverage.
Profit margin7.09%Profit after tax as a share of income.
Operating margin11.32%Operating profit as a share of income, before interest, tax and depreciation.
Market capitalisation₹81.91 CrValue of the company at the issue price.

Ratios are stated as published. A ratio that is absent here was not stated in the document, and is not the same as a ratio of zero.

What the money is for

Every issue states its objects in the offer document. These are reproduced from it, largest first, so you can see where most of the raise is going.

  • Working Capital Requirements

    ₹11.50 Cr

  • Funding of capital expenditure towards purchase of property and renovation, modernization and fit-out thereof

    ₹6.00 Cr

  • General Corporate Purposes

    ₹3.67 Cr

  • Issue Expenses

    ₹3.42 Cr

Peer comparison

The offer document compares the issuer against listed companies in the same business, on earnings, book value and return on net worth. Panchatv Bharat is the first row.

Peer comparison from the offer document. Panchatv Bharat is the first row.
CompanyEPS (₹)P/ENAV per share (₹)RoNW
Panchatv Bharat limitedThis issue9.84—₹30.8331.93%
Anjani Synthetics Ltd2.579.05₹60.644.24%

Reproduced from the peer comparison in the offer document. A dash means the document does not state that figure for that company. It is absent, not zero. Ratios are reported on the basis named in the document, which is not always the same period for every company.

Who gets what share

SEBI fixes how much of a book-built issue each investor category can be allotted. This is the split for this issue as stated in the offer document.

Reservation by investor category
CategoryShare of issueAmount
Retail individual investors50.00%—

Percentages are reproduced as text from the offer document. A dash means the document does not state an amount for that category. Categories are labelled using the document's own terms, which differ slightly between issues.

Questions people ask

One lot is 1,000 shares. The block is calculated at the offer price of ₹140.00. That comes to ₹1,40,000.00 held in your bank account until the allotment is finalised. If you are not allotted, the block is released and the money never leaves your account.

Bidding runs from 10 September 2026 to 15 September 2026. Applications can be revised or withdrawn while bidding is open. Once it closes, the registrar finalises the basis of allotment the next working day and shares are credited the day after.

The most recent recorded premium is ₹3.00 per share, against ₹7.00 when recording began on 10 September 2026. The movement across those days says more than either number on its own.

Retail applications run from 1 lot to 13 lots. The retail category caps an application at ₹2,00,000, so the upper limit is whichever comes first: the lot ceiling or the value ceiling.

We hold the issue price of ₹140.00 and the listing date of 18 September 2026, but our data source does not publish the listing-day open, close or gain, so we cannot state the listing price. The exchange page for this scrip carries the traded price.

Sources