Peshwa Wheat IPO
Peshwa Wheat IPO is a BSE SME book-built issue of ₹53.52 crore, consisting entirely of a Fresh Issue of 52,99,200 equity shares with no Offer for Sale. The price band is ₹95 to ₹101 per share, with a lot size of 1,200 shares. The IPO is scheduled to open
Peshwa Wheat IPO Details
Peshwa Wheat IPO bidding is scheduled to start on September 24, 2026 and end on September 28, 2026. The allotment is expected to be finalized on September 29, 2026, with refunds and credit of shares to Demat accounts expected on September 30, 2026. Peshwa Wheat shares are scheduled to list on BSE SME on October 1, 2026.
Peshwa Wheat IPO GMP
Peshwa Wheat IPO GMP is currently reported at ₹0 by available grey-market tracking sources. At a GMP of ₹0 against the upper IPO price of ₹101, the indicative grey-market price would be ₹101. GMP is an unofficial and unregulated market indicator and does not guarantee the actual listing price.
Peshwa Wheat IPO Timeline (Tentative)
Peshwa Wheat IPO is scheduled to open for subscription on September 24, 2026 and close on September 28, 2026. The basis of allotment is expected to be finalized on September 29, refunds are scheduled to be initiated on September 30, and shares are expected to be credited to successful applicants' Demat accounts on the same day. The shares are scheduled to list on BSE SME on October 1, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Thu, Sep 24, 2026 |
| IPO Close Date | Mon, Sep 28, 2026 |
| Basis of Allotment | Tue, Sep 29, 2026 |
| Initiation of Refunds | Wed, Sep 30, 2026 |
| Credit of Shares to Demat | Wed, Sep 30, 2026 |
| Listing Date | Thu, Oct 1, 2026 |
| IPO Opens | September 24, 2026 |
| IPO Closes | September 28, 2026 |
| Basis of Allotment | September 29, 2026 |
| Refund Initiation | September 30, 2026 |
| Credit of Shares to Demat | September 30, 2026 |
| Listing Date | October 1, 2026 |
Peshwa Wheat IPO Lot Size
The Peshwa Wheat IPO lot size is 1,200 shares. Retail investors are required to apply for a minimum of 2 lots, or 2,400 shares, at an upper price band of ₹101 per share, requiring an investment of ₹2,42,400. Small HNI investors can apply for a minimum of 3 lots, while the maximum S-HNI application is 8 lots. B-HNI applications start from 9 lots.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 2,42,400 |
| Retail (Max) | 2 | 2,400 | 2,42,400 |
| S-HNI (Min) | 3 | 3,600 | 3,63,600 |
| S-HNI (Max) | 8 | 9,600 | 9,69,600 |
| B-HNI (Min) | 9 | 10,800 | 10,90,800 |
Peshwa Wheat IPO Reservation
The Peshwa Wheat IPO is structured as a fresh issue of 52,99,200 equity shares. The investor reservation structure provides for participation from Qualified Institutional Buyers, Non-Institutional Investors and Retail Individual Investors, subject to the applicable SME IPO allocation framework. Current IPO data reports the broad reservation as 50% for QIBs, 15% for NIIs and 35% for Retail investors.
Peshwa Wheat IPO Subscription
Peshwa Wheat IPO subscription bidding has not started yet. Subscription figures for QIB, NII and Retail categories will be updated after bidding opens on September 24, 2026.
| Category | Subscription (times) |
|---|---|
| QIB | N.A. |
| NII | N.A. |
| RII | N.A. |
| Total | N.A. |
About Peshwa Wheat
Peshwa Wheat Limited is engaged in the processing of wheat-based products and allied flour products. Its product portfolio includes Atta (wheat flour), Sortex Wheat, Broken Wheat, Gram Flour (Besan) and Maize Flour. The company operates an integrated flour processing facility in Indore, Madhya Pradesh, with an installed processing capacity of 56,100 metric tonnes per annum.
The company primarily operates in the B2B segment and supplies its products through super stockists as well as directly to bulk customers such as restaurants, bakeries, wholesalers and other large buyers. Its primary market presence includes Madhya Pradesh, Maharashtra, Karnataka and Gujarat.
Peshwa Wheat also undertakes regional trading of vegetables, particularly potatoes and tomatoes, within Madhya Pradesh. The company states that its processing operations use by-products such as wheat bran as cattle feed, supporting a zero-waste and zero-discharge operating model.
The company was originally formed as a partnership firm in 2017 and was subsequently converted into Peshwa Wheat Limited in 2023. The company's registered office is located in Indore, Madhya Pradesh.
Strengths
- Integrated processing operations with an installed capacity of 56,100 MTPA.
- Diversified product portfolio covering wheat flour, Sortex Wheat, Broken Wheat, Besan and Maize Flour.
- Established procurement relationships and supply-chain arrangements for sourcing agricultural raw materials.
- Distribution through super stockists and direct sales to bulk customers across multiple states.
- Focus on food quality, hygiene and food-safety standards.
- Utilisation of wheat-processing by-products such as bran as cattle feed, supporting a zero-waste operating model.
Risks to Consider
- The company's business is exposed to fluctuations in the procurement prices and availability of wheat and other agricultural raw materials.
- The company operates from an integrated processing facility in Indore, creating concentration in its manufacturing infrastructure.
- A significant portion of the company's business is concentrated in selected states and regional markets.
- Storage and inventory management are important because wheat and other food products can be affected by moisture, pests, contamination and other storage-related issues.
- The company depends on an efficient supply chain and third-party transportation arrangements for procurement and delivery.
- The business operates in a competitive food-processing and flour-products market, where pricing, quality and procurement efficiency can affect margins.
Peshwa Wheat Financials (₹ Cr)
Peshwa Wheat reported growth in its financial performance over the last three financial years. Total income increased from ₹43.81 crore in FY2024 to ₹171.55 crore in FY2025 and ₹215.96 crore in FY2026. Profit after tax increased from ₹5.21 crore in FY2024 to ₹11.84 crore in FY2025 and ₹15.81 crore in FY2026. Total assets increased from ₹31.17 crore in FY2024 to ₹65.95 crore in FY2025 and ₹80.60 crore in FY2026. Net worth also increased from ₹15.42 crore to ₹27.26 crore and ₹43.06 crore over the same period.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2024 | ₹43.81 Cr | ₹5.21 Cr | ₹31.17 Cr | ₹15.42 Cr |
| FY2025 | ₹171.55 Cr | ₹11.84 Cr | ₹65.95 Cr | ₹27.26 Cr |
| FY2026 | ₹215.96 Cr | ₹15.81 Cr | ₹80.60 Cr | ₹43.06 Cr |
KPIs & Valuation
At the upper IPO price of ₹101 per share, Peshwa Wheat reported pre-IPO EPS of ₹11.51 and post-issue EPS of ₹8.31. The corresponding pre-IPO P/E is approximately 8.77x and post-issue P/E is approximately 12.15x. For FY2026, the company reported RoNW of 36.71%, ROE of 44.96%, ROCE of 33.44%, PAT margin of 7.32% and debt-to-equity of 0.55. NAV was ₹31.37 per share.
Objects of the Issue
The ₹53.52 crore Peshwa Wheat IPO is entirely a Fresh Issue. The company proposes to use the net proceeds for capital expenditure towards purchase of plant and machinery, civil construction, working capital requirements and general corporate purposes.
- The company proposed to utilise the IPO proceeds for:
- Funding capital expenditure towards purchase of plant and machinery — ₹6.69 crore.
- Funding capital expenditure towards civil construction — ₹5.01 crore.
- Funding the working capital requirements of the company — ₹26.50 crore.
- General corporate purposes.
Promoters, Lead Managers & Registrar
Peshwa Wheat Limited is promoted by Rahat Ali Saiyed, Sadaf Saiyed, Shehnaj, Mo. Jed and Riyazuddin Qureshi. Finaax Capital Advisors Private Limited is the Book Running Lead Manager for the IPO, while Maashitla Securities Private Limited is the Registrar to the Issue. Bhansali Value Creations Private Limited is the market maker for the issue.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Maashitla Securities Private Limited |
|---|---|
| Phone | 011-45121795 |
| investor.ipo@maashitla.com | |
| Website | https://maashitla.com/ |
Peshwa Wheat IPO Review
Peshwa Wheat operates an integrated wheat and flour processing business with an installed capacity of 56,100 MTPA. Its product range includes Atta, Sortex Wheat, Broken Wheat, Besan and Maize Flour, while its B2B distribution network covers multiple states. The company also supplies bulk customers directly and uses processing by-products such as wheat bran as cattle feed.
The company's financial performance improved in FY2026. Total income increased to ₹215.96 crore from ₹171.55 crore in FY2025, while profit after tax increased to ₹15.81 crore from ₹11.84 crore. Net worth also increased from ₹27.26 crore in FY2025 to ₹43.06 crore in FY2026.
The IPO proceeds are primarily intended for expansion-related capital expenditure and working capital. The proposed plant and machinery and civil construction expenditure may support the company's planned operational expansion, while the working-capital allocation is relevant to a business that requires inventory and receivables funding.
At the upper price band of ₹101, the issue implies a pre-IPO P/E of approximately 8.77x based on FY2026 EPS of ₹11.51. The post-issue EPS is reported at ₹8.31, resulting in a post-issue P/E of approximately 12.15x. The company reported FY2026 RoNW of 36.71%, ROE of 44.96% and ROCE of 33.44%.
Investors should also consider the company's exposure to agricultural commodity prices, working-capital requirements, regional concentration, storage and supply-chain risks and the characteristics of SME-listed securities. These factors should be assessed alongside the company's financial performance and the disclosures contained in the RHP.
How to Apply
Peshwa Wheat IPO applications can be made through ASBA or UPI during the IPO bidding period. The IPO is scheduled to open on September 24, 2026 and close on September 28, 2026. The retail minimum application is 2 lots of 1,200 shares each, or 2,400 shares, requiring ₹2,42,400 at the upper price band of ₹101.
Through UPI
- Log in to your stockbroker app or website.
- Go to the IPO section.
- Select Peshwa Wheat IPO.
- Enter the number of lots you want to apply for.
- Select the bid price. Retail investors can generally select Cut-off when available.
- Enter your valid UPI ID.
- Submit the IPO application.
- Open your UPI app when the mandate request arrives.
- Approve the mandate using your UPI PIN.
- The application amount will be blocked in your bank account. If shares are allotted, the required amount will be debited; otherwise, the blocked amount will be released.
Prospectus & Documents
Investors can refer to the company's DRHP and RHP for detailed information about its business, financial performance, risk factors, IPO structure and utilisation of the issue proceeds. The DRHP dated December 16, 2025 contains the company's detailed business and issue disclosures. The latest IPO information should be checked against the final RHP and exchange filings.
Last updated Sep 23, 2026.