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IPO Open

Thu, Sep 24, 2026

IPO Close

Mon, Sep 28, 2026

Price Band

₹95 to ₹101

Market Cap*

₹192.18 Cr * on Upper Price

IPO Details

  • IPO Date
    24 to 28 Sep, 2026
  • Listing Date
    Thu, Oct 1, 2026
  • Face Value
    ₹10 per share
  • Price Band
    ₹95 to ₹101
  • Lot Size
    1,200 Shares
  • Sale Type
    Fresh capital only
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE SME
  • Total Issue Size
    52,99,200 shares (agg. up to ₹54 Cr)
  • Reserved for Market Maker
    2,95,200 shares (agg. up to ₹3 Cr) Bhansali Value Creations Pvt.Ltd.
  • Fresh Issue (Ex Market Maker)
    50,04,000 shares (agg. up to ₹51 Cr)
  • Net Offered to Public
    50,04,000 shares (agg. up to ₹51 Cr)
  • Share Holding Pre Issue
    1,37,28,996 shares
  • Share Holding Post Issue
    1,90,28,196 shares

    IPO Timetable (Tentative)

  • IPO Open
    Thu, Sep 24, 2026
  • Allotment
    Tue, Sep 29, 2026
  • Credit of Shares
    Wed, Sep 30, 2026
  • IPO Close
    Mon, Sep 28, 2026
  • Refund
    Wed, Sep 30, 2026
  • Listing
    Thu, Oct 1, 2026

Issue Reservation

Peshwa Wheat IPO comprises a total issue size of 52,99,200 shares. The net offer to the public is 50,04,000 shares, after excluding 2,95,200 shares allotted on a firm basis. Of the Net offer 49,200 (0.98%) are allocated to QIB, 24,51,600 (48.99%) allocated to NII 25,03,200 (50.02%) allocated to RII.

Investor Category Shares % of Net Issue % of Total Issue
QIB 49,200 0.98% 0.93%
NII (HNI) 24,51,600 48.99% 46.26%
  − bNII > ₹10L 16,34,400 30.84%
  − sNII < ₹10L 8,17,200 15.42%
Retail 25,03,200 50.02% 47.24%
Firm Reservations
Market Maker 2,95,200 5.57%
Total 52,99,200 100.00% 100.00%

IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

Application Lots Shares Amount
Individual investors (IND) (Min) 2 2400 ₹2,42,400
Individual investors (IND) (Max) 2 2400 ₹2,42,400
S-HNI (Min) 3 3600 ₹3,63,600
S-HNI (Max) 8 9600 ₹9,69,600
B-HNI (Min) 9 10800 ₹10,90,800

About Peshwa Wheat Ltd.

Incorporated in 2023, 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.

Business Model:

  • Sale through Super Stockiest
  • Direct Sale to Customers

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.

It mainly sell the 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.

As of March 31, 2026, the company has 24 permanent employees.

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

Company Financials (Restated)

Peshwa Wheat Ltd.’s revenue increased by 26% and profit after tax (PAT) rose by 34% between the financial year ending with March 31, 2026 and March 31, 2025.   (Amount in ₹ Crore)

Period Ended 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 80.60 65.95 31.17
Total Income 215.96 171.55 43.81
Profit After Tax 15.81 11.84 5.21
EBITDA 22.73 18.05 6.91
NET Worth 43.06 27.26 15.42
Reserves and Surplus 29.34 13.53 8.56
Total Borrowing 23.74 22.60 7.93

Recently Listed IPOs in Other Agricultural Products

Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
Farm Peace Ltd. SME ₹32.00 Cr ₹59 11.87 ₹106.50 +80.51% ₹86.77
Dhanwel Hybrid Seeds Ltd. SME ₹26.73 Cr ₹99 10.37 ₹94.05 -5.00% ₹48.40
Adon Agro Commodities Ltd. SME ₹44.03 Cr ₹70 16.22 ₹82.16 +17.37% ₹101.00

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Funding Capital Expenditure towards Purchase of Plant and Machineries
    6.69
  • 2 Funding Capital Expenditure towards Civil Construction
    5.01
  • 3 Funding working capital requirements of the Company
    26.50
  • 4 General Corporate Purposes
  • Total
    38.20

Key Performance Indicator (KPI)

KPI Mar 31, 2026
ROE 44.96%
ROCE 33.44%
Debt/Equity 0.55
RoNW 36.71%
PAT Margin 7.32%
EBITDA Margin 10.53%
NAV 31.37
Price to Book Value 3.22

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 11.51 8.31
P/E (x) 8.77 12.15
Market Cap at Offer Price ₹138.66 Cr. ₹192.18 Cr
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 72.61% 52.39%
Public 27.39% 47.61%
Total 100% 100%

Company Promoters: Rahat Ali Saiyed, Sadaf Saiyed, Shehnaj, Mo.Jed and Riyazuddin Qureshi.

Peshwa Wheat IPO Recommendations

Review By Subscribe May Apply Neutral Avoid
Brokers 0 0 0 0
Members 0 0 0 0

IPO Registrar

Maashitla Securities Pvt.Ltd.

IPO Lead Manager(s)

  1. Finaax Capital Advisors Pvt.Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Peshwa Wheat Ltd. Address
308 The One, A Block RNT Marg,
Near Silver Mall, Tukoganj
Indore, Madhya Pradesh, 452001

IPO FAQs

Peshwa Wheat IPO is a SME IPO of 52,99,200 equity shares of the face value of ₹10 aggregating up to ₹54 Crores. The issue is priced at ₹95 to ₹101. The minimum order quantity is 1200.

The IPO opens on Thu, Sep 24, 2026, and closes on Mon, Sep 28, 2026.

Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Angel One customers can apply online in Peshwa Wheat IPO using UPI as a payment gateway. Angel One customers can apply in Peshwa Wheat IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Peshwa Wheat IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Peshwa Wheat IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Peshwa Wheat IPO opens on Thu, Sep 24, 2026 and closes on Mon, Sep 28, 2026.

Peshwa Wheat IPO lot size is 1200, and the minimum amount required for application is ₹2,42,400, with 2 lots being the minimum application size.

You can apply in Peshwa Wheat IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Peshwa Wheat IPO will be done on Tuesday, September 29, 2026, and the allotted shares will be credited to your demat account by Wed, Sep 30, 2026. Check the Peshwa Wheat IPO allotment status.

The Peshwa Wheat IPO listing date is not yet announced. The tentative date of listing is Thu, Oct 1, 2026.

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