IPO in the Price band of Rs. 95 – 101 per share comprises Issue of 52.99 lakh equity shares; Listing of the equity shares on BSE SME
Highlights:-
Peshwa Wheat Ltd’s Rs. 53.52 crore Public issue to Open on September 24, 2026; Offline market participants indicating a grey-market premium of about Rs. 58–60 per share
Company posted strong FY26 numbers with PAT of Rs. 15.81 crore, Total Income of Rs. 215.96 crore and EBITDA of Rs. 22.73 crore
Company has reported healthy return ration with ROE at 44.96% and ROCE at 33.44% as on March 2026
Offline market participants in Ahmedabad, Rajkot and Surat are indicating a grey-market premium of about Rs. 58–60.
Madhya Pradesh, September 21, 2026 ( TGN ) : Peshwa Wheat Ltd, engaged in processing of wheat based products will open its Initial Public Offering (IPO) for subscription on September 24, 2026, with the issue closing on September 28, 2026. The Company is proposed to be listed on the BSE SME platform, with the tentative listing date scheduled for October 1, 2026. The IPO Price band is Rs. 95 – 101 per share of the issue of 52.99 lakh Equity Shares of face value Rs. 10 each, aggregating Rs. 53.52 crore.
The Issue comprises a fresh issue of 50,04,000 Equity Shares (Total issue size – 52,99,200) shares aggregating to approximately Rs. 53.52 crore at the upper end of the price band of Rs. 101 per share. The lot size for an application is 1,200 shares. 2.95 lakh shares are reserved for market maker in the issue. 50.02% of the total issue (25,03,200 shares) is reserved for retail shareholders.
Out of the issue proceeds, Rs. 6.69 crore are proposed to be utilised towards Funding Capital Expenditure towards Purchase of Plant and Machineries, Rs. 5.01 crore for Funding Capital Expenditure towards Civil Construction and Rs. 26.50 crore towards Funding working capital requirements of the Company and remaining for the general corporate purpose.
The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is Rs. 2,42,400 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to Rs. 3,63,600. The Equity Shares are proposed to be listed on the BSE SME platform. Finaax Capital Advisors Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Bhansali Value Creations Pvt.Ltd.
The unofficial grey market has added to the visibility around the issue. Offline market participants in Ahmedabad, Rajkot and Surat are indicating a grey-market premium of about Rs. 58–60.
Peshwa Wheat Ltd has established a strong financial base with consistent profitability and improving net worth over the reported periods. For Financial Year 2026, the company recorded total income of Rs. 215.96 crore, Profit after tax of Rs. 15.81 crore and EBITDA of Rs. 22.73 crore. In Financial Year 2025, the company recorded total revenue of Rs. 171.55 crore, profit after tax of Rs. 11.84 crore and EBITDA of Rs. 18.05 crore. Company has reported healthy return ration with ROE at 44.96% and ROCE at 33.44% as on March 2026 with debt to equity at 0.55 times and PAT margin of 7.32% with healthy EBITDA margin of 10.53%. Post issue, promoter holding will be 52.39%.
Incorporated in 2023, Peshwa Wheat Ltd is engaged in the processing and supply of wheat-based products, including Atta, Sortex Wheat, Broken Wheat, Besan and Maize Flour. The Company operates a modern, integrated flour processing facility in Indore, Madhya Pradesh, with an installed capacity of 56,100 MTPA, supported by advanced cleaning and milling technology. Its B2B-focused business serves customers across Madhya Pradesh, Maharashtra, Karnataka and Gujarat, through super stockists and direct institutional sales. Key customers include wholesalers, retailers, restaurants, bakeries and bulk buyers. Wheat bran generated during processing is utilised as cattle feed, supporting a zero-waste and zero-discharge operating model. The Company also trades potatoes and tomatoes in Madhya Pradesh.
Commenting on the development, Mr. Rahat Ali Saiyed, Managing Director, Peshwa Wheat Ltd said, “The IPO marks an important milestone in our growth journey and will strengthen our financial platform for the next phase of expansion. The proceeds will support investments in plant and machinery, civil infrastructure and working capital, enabling us to enhance operational capabilities, improve capacity utilisation and strengthen our presence across key markets. With a growing B2B customer base and an integrated processing facility, we remain focused on building a scalable and efficient business. We believe the listing will further enhance our visibility, credibility and ability to pursue long-term growth opportunities.”
