Denim maker Panchatv Bharat to launch Rs 24.58 cr SME IPO on Sep 10

New Delhi, Sep 8 (PTI) Denim fabric manufacturer and distributor Panchatv Bharat Ltd has fixed the price at Rs 140 per share for its Rs 24.58 crore initial public offering (IPO), which will open for public subscription on September 10.

The New Delhi-based company is offering 17,56,000 equity shares with a face value of Rs 10 each at an issue price of Rs 140 per share, a statement said on Tuesday.

The SME IPO will close on Tuesday, September 15, 2026, and the equity shares are proposed to be listed on the BSE SME platform, the company said.

Mark Corporate Advisors Pvt Ltd is the sole book-running lead manager to the issue.

The company proposes to utilise the net proceeds from the issue to set up a corporate office and warehousing facility in Ahmedabad,

meet working capital requirements and general corporate purposes, according to the offer documents.

“As we move into the next phase of our growth, the IPO will support the strengthening of our operational infrastructure, including the development of our office and warehousing capabilities, while supporting our working capital requirements,” Sanjay Gupta, Promoter and Managing Director of Panchatv Bharat Limited, said.

The company’s total revenue increased from Rs 48.99 crore in 2024-25 to Rs 56.87 crore in 2025-26. Profit after tax rose from Rs 2.82 crore in FY25 to Rs 4.03 crore in FY26. PTI HG BAL BAL