Peshwa Wheat IPO

The Peshwa Wheat SME IPO opens for subscription on 24 Sept 2026 and closes on 28 Sept 2026, offered at a price band of ₹95–101 per share, and is set to list on BSE. In total, the issue aims to mobilise ₹53.52 crore. Retail investors bid in lots of 1200 shares, a minimum application of ₹2,42,400.

Issue structure

The IPO is structured entirely as a fresh issue of ₹50.54 crore, so the full proceeds flow to the company to fund its stated objects of the issue.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward funding working capital requirements of the company (₹26.5 crore), alongside general corporate purposes (₹8.02 crore). In all, 5 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Peshwa Wheat reported revenue of ₹215.96 crore and a net profit of ₹15.81 crore. Revenue grew from ₹43.81 crore in FY2024 to ₹215.96 crore in FY2026 (+393.0%). Net worth stood at ₹43.06 crore at the end of FY2026. At the upper band, that puts the issue at roughly 8.8× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 12.15× post-issue earnings and 3.22× book value, against a return on net worth of 36.71% and a debt-to-equity ratio of 0.55. These ratios come from the offer document and are for comparison, not a recommendation.

Peer comparison

The offer document names listed peers including Baba Foods Processing India Ltd. and Megastar Foods Ltd., with a median peer P/E of about 27×. The issue's own post-issue P/E works out to 12.15×.

Promoters

The promoters of the company are <p>Rahat Ali Saiyed, Sadaf Saiyed, Shehnaj, Mo.Jed, Riyazuddin Qureshi</p>. Promoter holding stands at 72.61% before the issue and comes down to 52.39% after listing.

Grey market premium (GMP)

In the unofficial grey market, Peshwa Wheat shares are quoted at a premium of ₹0 implying an expected listing around ₹101, about +0.0% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

Subscription

The Peshwa Wheat IPO was subscribed 2.77 times overall. The strongest demand came from qualified institutional buyers (QIB) at 177.12 times, with non-institutional investors (NII) at 0.35× and retail investors at 1.72×.

Listing performance

Peshwa Wheat listed on 1 Oct 2026 at ₹100.05, a discount of -0.9% over the issue price of ₹101.

What to weigh

When evaluating the Peshwa Wheat IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Peshwa Wheat

Peshwa Wheat Ltd is engaged in the processing of wheat-based products such as Atta (wheat flour), Sortex Wheat, Broken Wheat, and other flour products including Gram Flour (Besan) and Maize Flour. The company supplies products mainly in 50 kg and 30 kg packaging. During production, by-products like wheat bran are used for cattle feed, to operate with zero waste and zero discharge . The company operate a modern, fully integrated flour processing unit located at Indore, Madhya Pradesh, with an installed capacity of 56,100 MTPA . The unit is equipped with advanced cleaning and milling technology to ensure high-quality and hygienic production. The Company is accredited with State and Central FSSAI licenses and is certified under ISO 22000:2018 for food safety management. Its in-house processing helps to reduce production time, control costs, and maintain strict quality checks at every stage. It mainly sell our products in the B2B segment across Madhya Pradesh, Maharashtra, Karnataka, and Gujarat. Products are sold through Super Stockists , who supply to wholesalers and retailers. Further, it also sell directly to customers who require bulk quantities, such as restaurants, bakeries, wholesalers, and large buyers. In addition to flour processing, the Company is involved in the trading of vegetables , mainly potatoes and tomatoes, within Madhya Pradesh. Competitive strengths Established Promoters and Skilled Management Team Integrated Processing Operations Strategic Procurement Relationship and strong Supply Chain Strong focus on Quality and Food Safety Standards and maintaining Hygienic Processing Standards