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Peshwa Wheat IPO
📅 Founded: 2023
📍 Indore, Madhya Pradesh
🌐 peshwawheat.com
📋 Face Value: ₹10
🏦 Market Cap: ₹192 Cr
Price Band
₹95 – ₹101
Issue Size
₹53.52 Cr
Lot Size
1200 shares
Min. Investment
₹2,42,400
GMP
+₹0 (+0%)
Est. Return
+0%
Listing Date
01 Oct 2026
Registrar
Maashitla Securities
Peshwa Wheat IPO at a glance
Peshwa Wheat IPO was an SME issue of ₹53.52 Cr at a price band of ₹95 – ₹101 per share, open from 24 Sep 2026 to 28 Sep 2026. The shares listed on BSE SME on 01 Oct 2026.
IPO Signal Analysis
📊 Based on Grey Market Premium (GMP) & Subscription Data — not financial advice
GMP Signal
Moderate Interest
GMP: +0% above issue price
⭐ Overall Signal
Moderate Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
0.00x subscribed
Issue Details
Fresh Issue₹53.52 Cr
Offer for Sale (OFS)Nil
Total Issue Size₹53.52 Cr
Face Value₹10
Market Cap (at issue)₹192 Cr
Listing ExchangeBSE SME
📅 Open Date24 Sep 2026
🔒 Close Date28 Sep 2026
✂️ Cut-off Price Date28 Sep 2026
🎟️ Allotment Date29 Sep 2026
💸 Refund Initiation30 Sep 2026
📂 Demat Credit30 Sep 2026
📈 Listing Date01 Oct 2026
Objects of the Issue
- 💰 Purchase of plant and machinery — ₹6.69 Cr
- 💰 Civil construction — ₹5.01 Cr
- 💰 Working capital — ₹26.50 Cr
- 💰 General corporate purposes
About the Company
Peshwa Wheat, incorporated in 2023 and based in Indore, processes wheat into atta, Sortex-cleaned wheat, broken wheat (dalia) and bran, and also makes besan and maize flour. Its Bijepur plant near Indore has an installed capacity of about 56,100 tonnes a year. It sells through super-stockists, wholesalers and bulk buyers in Madhya Pradesh, Maharashtra, Karnataka and Gujarat, and also trades vegetables.
Strengths
- ✅ Fast growth in a short history — income rose from ₹44 Cr in FY24 to ₹216 Cr in FY26
- ✅ Buys wheat directly from farmers and mandis, which helps with cost and quality
- ✅ Staple food products with steady everyday demand
- ✅ Earnings multiple is modest at about 9x FY26 EPS at the upper band
Risk Factors
- ⚠️ A young company — incorporated only in 2023
- ⚠️ Top 10 customers bring in about 71% of revenue, and about 97% of sales are in Madhya Pradesh
- ⚠️ Buys a large share of inputs from a related party (Peshwa Nutrition)
- ⚠️ Thin margins typical of flour milling — PAT was about 7% of income in FY26
- ⚠️ Negative operating cash flow in FY25 and very high staff turnover
Subscription Status
Not yet open
QIB: —
NII: —
RII: —
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | — | — | — | 0.00x |
| Day 2 | — | — | — | 0.00x |
| Day 3 | — | — | — | 0.00x |
Share Reservation
QIB
50%
NII
15%
RII
35%
Allocation as per SEBI regulations for SME IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
72.61%
Pre-IPO
→ -20.2%
52.39%
Post-IPO
Founders & Leadership
RS
Rahat Ali Saiyed
Promoter & Managing Director
Leads the company as Managing Director
IPO Timeline
✓
Open Date
24 Sep 2026
✓
Close Date
28 Sep 2026
✓
Allotment Date
29 Sep 2026
✓
Listing Date
01 Oct 2026
Key Financials
Revenue₹216 Cr
PAT₹15.8 Cr
EPS₹11.51
P/E Ratio8.77x
ROE36.71%
Market Cap₹192 Cr
Company Financials (Restated Consolidated)
| Period Ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Total Income | 215.96 | 171.55 | 43.81 |
| Profit After Tax | 15.81 | 11.84 | 5.21 |
Amount in ₹ Crore
Key Performance Indicators (KPI)
| KPI | FY26 | FY25 |
|---|
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | ₹11.51 | — |
| P/E (x) | 8.77x | — |
| ROE (%) | 36.71% | — |
| Promoter Holding | 72.61% | 52.39% |
| Market Cap | ₹192 Cr | |
IPO Registrar
Maashitla Securities
Peshwa Wheat IPO FAQs
Peshwa Wheat IPO is an SME IPO with an issue size of ₹53.52 Cr at a price band of ₹95 – ₹101. Minimum lot size is 1200 shares and the minimum application is 2 lots (minimum investment ~₹2,42,400). Opened on 24 Sep 2026 and closed on 28 Sep 2026. Listed on BSE SME. Registrar: Maashitla Securities.