Panchatv Bharat IPO

Panchatv Bharat IPO is a fixed-price issue of ₹24.58 crore. The issue is entirely a fresh issue of 17.56 lakh shares, with the company raising ₹24.58 crore through the issue.

The IPO will open for subscription on September 10, 2026, and close on September 15, 2026. The allotment is expected to be finalised on September 16, 2026. The shares are proposed to be listed on the BSE SME platform, with the tentative listing date set for September 18, 2026.

The issue price is fixed at ₹140 per share, and the lot size is 1,000 shares. Retail investors need to apply for at least 2 lots, or 2,000 shares, requiring a minimum investment of ₹2.80 lakh. HNI investors need to apply for at least 3 lots, or 3,000 shares, amounting to ₹4.20 lakh.

Mark Corporate Advisors Pvt. Ltd. is the book running lead manager for the IPO, while Maashitla Securities Pvt. Ltd. is the registrar of the issue.

About Panchatv Bharat

Panchatv Bharat Limited is engaged in the wholesale distribution and contract manufacturing of denim and suiting fabrics. The company follows an asset-light business model and relies on third-party processors, dye houses and leased looms for activities such as yarn processing, warp dyeing, weaving and finishing, instead of investing heavily in its own manufacturing facilities. 

The company mainly deals in unstitched denim, shirting and suiting fabrics used for bottom-wear and upper-wear. These products are primarily sold under its NJD (Neelmadhav Textiles) brand. Panchatv Bharat was incorporated in March 2024 to bring together the textile trading and manufacturing businesses previously operated by its promoters, Sanjay Gupta and Sooraj Gupta. These businesses include SR Fabrics, established in 1994, SG Trader, established in 2017, and Neelmadhav Textiles, established in 2023. 

The company has a strong presence in Gandhi Nagar, East Delhi, a major textile and ready-made garment trading hub. While its registered office is in Delhi, its corporate operations are based in Ahmedabad, Gujarat. Panchatv Bharat supplies its products across North India and other key domestic textile markets, catering mainly to garment manufacturers, wholesalers and B2B dealers.

Panchatv Bharat IPO Objectives

• ₹1,150 lakh will be used to meet additional working capital needs, including inventory and trade receivables, to support the expansion of wholesale operations.
• ₹450 lakh will be spent on purchasing property for operational, corporate or warehousing facilities.
• ₹300 lakh will be used for general corporate purposes, including routine business expenses and strategic initiatives.
• ₹208.16 lakh will cover issue-related expenses such as lead manager, legal, registrar, listing, printing and regulatory fees.

Industry Outlook

The company belongs to the textiles and apparel industry. 

1. India’s domestic textile and apparel market is expected to reach US$350 billion by 2030, growing at around 10–12% CAGR from nearly US$223 billion.
2. Textile, apparel and handicraft exports are targeted to reach US$100 billion by 2030, with ready-made garment (RMG) exports expected to cross US$30 billion.
3. The technical textiles segment is expected to grow strongly at around 16% CAGR, reaching an estimated US$23.3 billion to US$45 billion, supported by demand from automotive, healthcare and protective applications.
4. The government is developing seven integrated mega textile parks under the PM MITRA scheme, with an outlay of ₹4,445 crore, to bring different stages of textile production closer together and improve logistics.
5. The ₹10,683 crore PLI scheme is aimed at boosting production of man-made fibre fabrics, apparel and technical textiles and helping India increase its share in global markets.

Financial Performance of Panchatv Bharat

Panchatv Bharat Peer Comparison

Strengths and Opportunities for Panchatv Bharat

1. Some of the promoters have decades of experience in textile trading, providing the company with industry knowledge and established business relationships.
2. The company served 98 customers across six states in FY2024-25, up from 83 customers in FY2023-24.
3. Repeat customers contributed around 45.24% of revenue in FY2024-25, indicating continued engagement with existing customers.
4. The company had relationships with around 15 raw material suppliers in FY2024-25, supporting regular sourcing and cost efficiency.
5. Reliance on third-party manufacturers and leased machinery allows the company to adjust production capacity based on demand without significant capital investment.
6. The company operates across Delhi, Uttar Pradesh, Gujarat, Haryana, Rajasthan and Odisha, giving it access to multiple textile markets.
7. The company plans to increase its presence beyond its existing six states and expand its customer base through additional sales and marketing personnel.
8. The company plans to enter the retail chain segment through sampling and supply arrangements, which could help create more regular and larger-volume orders.
9. Growing demand for denim and apparel products provides scope to increase sales in the domestic market.
10. The company sees potential to enter international markets, providing an opportunity to diversify its revenue base. 

Risks and Threats for Panchatv Bharat

1. Panchatv Bharat was incorporated in March 2024 and has only around one year of operating history as a company. Although its promoters’ earlier businesses have a combined operating history of over three years, the company’s future growth and profitability may not follow the same pattern.
2. The company does not own its registered or corporate offices. Its Delhi registered office is rented under an agreement dated April 24, 2025, while its Ahmedabad corporate office operates under a leave and licence agreement dated December 1, 2024. Any relocation could increase costs and disrupt operations.
3. Manufacturing activities such as yarn warping, yarn dyeing and finishing are outsourced to third parties without exclusivity arrangements. Delays, quality issues, capacity constraints or higher processing costs could affect production and margins.
4. The company has 10 loom machines leased for 11 months from March 1, 2025. Any termination or non-renewal could require the company to arrange alternative machinery and facilities, potentially increasing costs and disrupting production.
5. The company depends on third-party suppliers for cotton yarn, polyester blend yarn and finished denim fabrics, but does not have long-term supply agreements. Supply interruptions or adverse changes in supplier terms could affect operations.
6. Fluctuations in the prices and availability of yarn and other raw materials could increase procurement costs. The company may not always be able to fully pass these higher costs on to customers, which could pressure profit margins.
7. Around 29.91% of suppliers were located in Gujarat in FY2024-25, while 19.13% of procurement expenditure was directed to Gujarat-based suppliers. Any regional disruption could affect supply and increase costs.
8. The company depends significantly on its top customers for revenue and does not have long-term contracts with them. The loss of one or more major customers could adversely affect revenue and profitability.

Panchatv Bharat IPO Reservation

Panchatv Bharat IPO Promoter Holding

Panchatv Bharat IPO Registrar and Lead Managers

Panchatv Bharat IPO Lead Managers

Mark Corporate Advisors Pvt.Ltd.

Registrar for Panchatv Bharat IPO 

Name: Maashitla Securities Pvt.Ltd. 

Phone: 011-45121795

Email: ipo@maashitla.com

How To Check the Allotment Status of the Panchatv Bharat IPO ?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Milky Mist Ltd. IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Apply forPanchatv Bharat IPO Online?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Panchatv Bharat IPO 

Address: F. No-C-35, Rose Apptt, P No. 9, Sec 14 Rohini, Prashant Vihar, North West Delhi, Delhi, New Delhi, 110085

Phone: +91 9999664529

Email ID: panchatvlimited@gmail.com