BSE SME Panchatv Bharat struggles to weave gains on market debut
Mumbai, Sept. 18 -- The scrip was listed at Rs 128.95, a 7.89% discount to the initial public offer (IPO) price. The stock is currently frozen at its lower limit of 5% over its listing price.
The counter hit a high of Rs 128.95 and a low of Rs 122.55. About 2.04 lakh shares of the company changed hands at the counter.
Panchatv Bharat's IPO was subscribed 1.38 times. The issue opened for bidding on 10 September 2026 and it closed 15 September 2026. The price of the IPO was fixed at Rs 140 per share.
The IPO comprised fresh issue of 17,56,000 equity shares. The promoter shareholding diluted to 65.02% post-issue from 92.91% pre-issue.
The company proposes to utilise the net proceeds of approximately Rs 21.16 crore towards funding capital...
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