SME
    listed

    Peshwa Wheat IPO

    Updated 11 Nov 2026, 6:45 pm.

    Open Demat Account
    GMP disclaimer: GMP is unofficial and unregulated. It is not a recommendation or a reliable estimate of listing price or returns. Consider the RHP and your own risk assessment before applying.

    Minimum investment (Individual investors (IND))

    ₹2,42,400

    2 lots · 2,400 shares at the upper price band

    Price band

    ₹101

    Latest GMP

    ₹0

    0.0% of the ₹101 upper band

    Est. listing price

    ₹101

    Issue size

    ₹50.54 Cr

    Allotment status

    Check it on the registrar's page or either exchange with your PAN or application number.

    1. Allotment finalised29 Sept 2026(done)
    2. Refunds start30 Sept 2026(done)
    3. Shares credited to demat30 Sept 2026(done)
    4. Listing1 Oct 2026(done)

    GMP history

    Each point is a recorded observation from the scheduled data sync.

    ObservedGMPEst. listing price
    1 Oct 2026, 6:50 pm₹0₹101
    1 Oct 2026, 6:45 pm₹0₹101
    1 Oct 2026, 1:50 pm₹0₹101
    1 Oct 2026, 1:45 pm₹0₹101
    30 Sept 2026, 6:50 pm₹0₹101
    30 Sept 2026, 6:45 pm₹0₹101
    30 Sept 2026, 1:50 pm₹0₹101
    30 Sept 2026, 1:45 pm₹0₹101
    29 Sept 2026, 6:50 pm₹0₹101
    29 Sept 2026, 6:45 pm₹0₹101
    29 Sept 2026, 1:50 pm₹0₹101
    29 Sept 2026, 1:45 pm₹0₹101
    29 Sept 2026, 8:50 am₹0₹101
    29 Sept 2026, 8:45 am₹0₹101
    28 Sept 2026, 6:50 pm₹0₹101
    28 Sept 2026, 6:45 pm₹0₹101
    28 Sept 2026, 1:50 pm₹0₹101
    28 Sept 2026, 1:45 pm₹0₹101
    28 Sept 2026, 8:50 am₹0₹101
    28 Sept 2026, 8:45 am₹0₹101
    26 Sept 2026, 6:50 pm₹0₹101
    26 Sept 2026, 6:45 pm₹0₹101
    26 Sept 2026, 1:50 pm₹0₹101
    26 Sept 2026, 1:45 pm₹0₹101
    26 Sept 2026, 8:50 am₹0₹101
    26 Sept 2026, 8:45 am₹0₹101
    25 Sept 2026, 6:50 pm₹0₹101
    25 Sept 2026, 6:45 pm₹0₹101
    25 Sept 2026, 1:45 pm₹0₹101
    25 Sept 2026, 8:50 am₹0₹101
    25 Sept 2026, 8:45 am₹0₹101
    24 Sept 2026, 6:50 pm₹0₹101
    24 Sept 2026, 6:45 pm₹0₹101
    24 Sept 2026, 1:50 pm₹0₹101
    24 Sept 2026, 1:45 pm₹0₹101
    24 Sept 2026, 8:50 am₹0₹101
    24 Sept 2026, 8:45 am₹0₹101
    23 Sept 2026, 6:50 pm₹0₹101
    23 Sept 2026, 6:45 pm₹0₹101
    23 Sept 2026, 1:50 pm₹0₹101
    23 Sept 2026, 1:45 pm₹0₹101
    23 Sept 2026, 8:50 am₹0₹101
    23 Sept 2026, 8:45 am₹0₹101
    22 Sept 2026, 6:50 pm₹0₹101
    22 Sept 2026, 6:45 pm₹0₹101
    22 Sept 2026, 1:50 pm₹0₹101
    22 Sept 2026, 1:45 pm₹0₹101
    22 Sept 2026, 8:50 am₹0₹101
    22 Sept 2026, 8:45 am₹0₹101
    21 Sept 2026, 6:50 pm₹0₹101
    21 Sept 2026, 6:45 pm₹0₹101

    GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.

    Issue details

    Board
    SME
    Price band
    ₹101
    Issue size
    ₹50.54 Cr
    Lot size
    1,200
    Opens
    24 Sept 2026
    Closes
    28 Sept 2026
    Allotment
    29 Sept 2026
    Listing
    1 Oct 2026
    Est. listing price
    ₹101
    Listing price
    Awaited
    Listing gain
    Awaited
    Registrar
    Maashitla Securities Pvt.Ltd.
    Minimum investment
    ₹2,42,400 (2 lots · 2,400 shares)
    Face value
    ₹10 per share
    Issue type
    Bookbuilding IPO
    Sale type
    Fresh capital only
    Listing at
    BSE SME
    Refunds
    30 Sept 2026
    Shares credited
    30 Sept 2026
    Promoter holding
    72.61% before · 52.39% after
    Lead managers
    Finaax Capital Advisors Pvt.Ltd.

    Subscription by category

    As of 28 Sept 2026, 6:54 pm.

    Total subscription

    2.77x

    Qualified Institutional177.12×
    Non Institutional0.35×
    Retail Individual1.72×

    Full issue details

    Details as published for this issue, read 29 Sept 2026, 2:05 pm. Verify against the RHP before applying.

    IPO Details

    IPO Date24 to 28 Sep, 2026
    Listing DateThu, Oct 1, 2026 (tentative)
    Face Value₹ 10 per share
    Price Band₹95 to ₹101
    Issue Price₹101 per share
    Lot Size1,200 Shares
    Sale TypeFresh capital only
    Issue TypeBookbuilding IPO
    Listing AtBSE SME
    Total Issue Size52,99,200 shares (agg. up to ₹ 54 Cr)
    Reserved for Market Maker2,95,200 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 Public50,04,000 shares (agg. up to ₹ 51 Cr)
    Share Holding Pre Issue1,37,28,996 shares
    Share Holding Post Issue1,90,28,196 shares

    IPO Timetable (Tentative)

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

    Issue Reservation

    • QIB0.93%
    • NII (HNI)46.26%
    • Retail47.24%
    • Market Maker5.57%
    Issue Reservation: Share of the issue reserved for each investor category. Figures as published in the table below.
    Investor CategoryShares% of Net Issue% of Total Issue
    QIB49,2000.98%0.93%
    NII (HNI)24,51,60048.99%46.26%
    - bNII > ₹10L16,34,400—30.84%
    - sNII < ₹10L8,17,200—15.42%
    Retail25,03,20050.02%47.24%
    Firm Reservations
    Market Maker2,95,200—5.57%
    Total52,99,200100.00%100.00%

    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 .

    IPO Lot Size

    Individual investors (IND) (Min)₹2,42,400
    Individual investors (IND) (Max)₹2,42,400
    S-HNI (Min)₹3,63,600
    S-HNI (Max)₹9,69,600
    B-HNI (Min)₹10,90,800
    IPO Lot Size: What an application costs at the upper price band, by category. Figures as published in the table below.
    ApplicationLotsSharesAmount
    Individual investors (IND) (Min)22,400₹2,42,400
    Individual investors (IND) (Max)22,400₹2,42,400
    S-HNI (Min)33,600₹3,63,600
    S-HNI (Max)89,600₹9,69,600
    B-HNI (Min)910,800₹10,90,800

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

    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)

    Total Income

    31 Mar 202443.81
    31 Mar 2025171.55
    31 Mar 2026215.96

    Profit After Tax

    31 Mar 20245.21
    31 Mar 202511.84
    31 Mar 202615.81

    EBITDA

    31 Mar 20246.91
    31 Mar 202518.05
    31 Mar 202622.73

    NET Worth

    31 Mar 202415.42
    31 Mar 202527.26
    31 Mar 202643.06
    Company Financials (Restated): Each line is scaled to its own largest period, ₹ crore - compare periods within a line, not one line against another. Figures as published in the table below.
    Period Ended31 Mar 202631 Mar 202531 Mar 2024
    Assets80.6065.9531.17
    Total Income215.96171.5543.81
    Profit After Tax15.8111.845.21
    EBITDA22.7318.056.91
    NET Worth43.0627.2615.42
    Reserves and Surplus29.3413.538.56
    Total Borrowing23.7422.607.93
    Amount in ₹ Crore

    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.

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    IPO Objects of the Issue

    Funding Capital Expenditure towards Purchase of Plant and Machineries6.69
    Funding Capital Expenditure towards Civil Construction5.01
    Funding working capital requirements of the Company26.50
    IPO Objects of the Issue: What the proceeds are earmarked for (₹ Cr.). Figures as published in the table below.
    #Issue ObjectsEst Amt (₹ Cr.)
    1Funding Capital Expenditure towards Purchase of Plant and Machineries6.69
    2Funding Capital Expenditure towards Civil Construction5.01
    3Funding working capital requirements of the Company26.50
    4General Corporate Purposes—
    Total38.20

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

    Key Performance Indicator (KPI)

    KPIMar 31, 2026
    ROE44.96%
    ROCE33.44%
    Debt/Equity0.55
    RoNW36.71%
    PAT Margin7.32%
    EBITDA Margin10.53%
    NAV31.37
    Price to Book Value3.22

    Check IPO Peer Comparison here.

    IPO Valuation

    Valuation MetricPre IPOPost IPO
    EPS (₹)11.518.31
    P/E (x)8.7712.15
    Market Cap at Offer Price₹138.66 Cr.₹192.18 Cr

    Disclaimer

    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

    Pre IPO

    • Promoter and Promoter Group72.61%
    • Public27.39%

    Post IPO

    • Promoter and Promoter Group52.39%
    • Public47.61%
    Shareholding Structure: Who holds the company before and after the issue. Figures as published in the table below.
    CategoryPre IPOPost IPO
    Promoter and Promoter Group72.61%52.39%
    Public27.39%47.61%
    Total100%100%

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

    Peshwa Wheat IPO Recommendations

    Review BySubscribeMay ApplyNeutralAvoid
    Brokers0000
    Members0000

    IPO Subscription Status

    CategorySubscription (x)Shares OfferedShares bid forTotal Applications
    QIB (Ex Anchor)177.1249,20087,14,4000
    NII *0.3524,51,6008,65,2000
    bNII (> ₹10L)0.1616,34,4002,54,400—
    sNII (< ₹10L)0.758,17,2006,10,800—
    Individual Investor1.7225,03,20043,00,8000
    Total2.7750,04,0001,38,80,4001,984

    The Peshwa Wheat IPO is subscribed 2.77 times on September 28, 2026 6:54:12 PM (Day 3). The public issue subscribed 1.72 times in the individual investors category, 177.12 times in the QIB category, and 0.35 times in the NII category. Check Day by Day Subscription Details (Live Status)

    Reload

    Total Applications: 1,984

    *Market Maker portion is not included to NII/HNI.

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    IPO Registrar

    Maashitla Securities Pvt.Ltd.

    011-45121795

    investor.ipo@maashitla.com

    IPO Lead Manager(s)

    Finaax Capital Advisors Pvt.Ltd.

    Contact Details

    Peshwa Wheat Ltd. Address

    308 The One, A Block RNT Marg,

    Near Silver Mall, Tukoganj

    Indore, Madhya Pradesh , 452001

    +91 88788 76796

    info@peshwawheat.com

    FAQ

    Peshwa Wheat: common questions

    Answered from this issue's own record.

    The Peshwa Wheat SME IPO is priced at ₹101 per share, for an issue size of ₹50.54 crore.

    The issue opens on 24 Sept 2026 and closes on 28 Sept 2026, with listing expected on 1 Oct 2026.

    One lot is 1200 shares, and applications must be in multiples of a lot. At the upper band that is ₹1,21,200 for one lot.

    Latest recorded subscription: QIB 177.12x, NII 0.35x, retail 1.72x (as of 11 Nov 2026).