Peshwa Wheat IPO is a 100% Book Built SME public issue by Peshwa Wheat Limited. The company is engaged in the processing and trading of wheat products, including wheat flour, organic wheat flour products and allied flour products. It also undertakes the supply and distribution of fruits and vegetables within Madhya Pradesh. The company markets its wheat products under brands including Shahi Peshwa, Peshwa Maharaj, Royal Peshwa and Peshwa Gold.
The IPO comprises a fresh issue of up to 55,00,000 equity shares with a face value of ₹10 each. There is no Offer for Sale component in the issue. The company intends to use the IPO proceeds for capital expenditure towards plant and machinery, civil construction, working capital requirements and general corporate purposes.
Peshwa Wheat operates a flour-processing facility in Indore, Madhya Pradesh. Its product portfolio includes Whole Wheat Flour, Sortex Wheat, Rawa/Suji, Maida, Daliya and other flour products. The company also trades in agricultural products including fruits and vegetables.
The company focuses significantly on the small-packing product segment, including 50 kg, 30 kg, 10 kg and 5 kg packaging. Its business model includes the procurement and processing of wheat into finished products and the distribution of agricultural products.
The Indian food-processing and flour industry benefits from demand for packaged food products, changing consumption patterns, urbanisation and the increasing preference for branded and processed food products. However, the industry is also exposed to agricultural commodity prices, raw-material availability, working-capital requirements and competition.
Peshwa Wheat IPO is scheduled to open for subscription on 24 September 2026 and close on 28 September 2026. The basis of allotment is scheduled for 29 September 2026, while the shares are expected to be credited and refunds initiated on 30 September 2026. The proposed listing date is 1 October 2026.
Investors should evaluate the company’s financial performance, valuation, working-capital requirements, raw-material sourcing, customer concentration, industry conditions and risks associated with SME-listed companies before making an investment decision.
Table of Contents
Peshwa Wheat IPO Details
| IPO Details | Information |
|---|---|
| IPO Name | Peshwa Wheat IPO |
| Company Name | Peshwa Wheat Limited |
| IPO Type | Book Built Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹95 to ₹101 Per Share |
| Issue Size | Approx ₹53.52 Crores |
| Fresh Issue | Approx ₹53.52 Crores |
| Offer for Sale | Nil |
| IPO Open Date | 24 September 2026 |
| IPO Close Date | 28 September 2026 |
| Anchor Investor Bidding | One Working Day Before IPO Opening |
| Basis of Allotment | 29 September 2026 |
| Refund Initiation | 30 September 2026 |
| Shares Credited to Demat Account | 30 September 2026 |
| Listing Date | 1 October 2026 |
| Listing Exchange | BSE SME |
| Lot Size | 1,200 shares |
| Registrar | Maashitla Securities Private Limited |
| Book Running Lead Manager | Finaax Capital Advisors Private Limited |
The DRHP provides for an issue of up to 55,00,000 equity shares and states that the entire issue is a fresh issue. The final issue price and minimum bid lot were to be decided in consultation with the Book Running Lead Manager.
Current IPO schedules report the issue opening on 24 September 2026 and closing on 28 September 2026, with listing expected on 1 October 2026.
Peshwa Wheat IPO Dates
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | To be announced |
| IPO Opening Date | 24 September 2026 |
| IPO Closing Date | 28 September 2026 |
| Basis of Allotment | 29 September 2026 |
| Refund Initiation | 30 September 2026 |
| Shares Credited to Demat Account | 30 September 2026 |
| Listing Date | 1 October 2026 |
The Peshwa Wheat IPO is scheduled to open on 24 September 2026 and close on 28 September 2026. The basis of allotment is scheduled for 29 September 2026, followed by refunds and demat credit on 30 September 2026. The proposed listing date is 1 October 2026.
Peshwa Wheat IPO Reservation
The DRHP provides for allocation of the Net Issue in accordance with the applicable SME IPO framework.
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not More Than 50% of the Net Issue |
| Non-Institutional Investors (NII) | Not Less Than 15% of the Net Issue |
| Retail Individual Investors (RII) | Not Less Than 35% of the Net Issue |
| Market Maker Reservation | As specified in the final issue document |
The DRHP states that not more than 50% of the Net Issue may be allocated to QIBs, while not less than 15% is available for Non-Institutional Bidders and not less than 35% for Retail Individual Bidders.
Peshwa Wheat IPO Lot Size
The final minimum bid lot has not yet been published in the currently available issue information. The DRHP states that the price band and minimum bid lot would be decided by the company in consultation with the Book Running Lead Manager and advertised before the issue opens.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | To be announced | To be announced | To be announced |
| Retail Maximum | To be announced | To be announced | To be announced |
| S-HNI Minimum | To be announced | To be announced | To be announced |
| B-HNI Minimum | To be announced | To be announced | To be announced |
The application amount will depend on the final price band and minimum bid lot announced before the IPO opens.
Peshwa Wheat IPO GMP
Grey Market Premium or GMP represents the unofficial premium at which IPO shares may trade in the grey market before their official stock-market listing. GMP is not an official exchange price and is not regulated by the stock exchanges.
The latest available market information is inconsistent, with some unofficial platforms reporting a ₹12 indication while others report no meaningful GMP quotation. Since GMP is unofficial and no reliable official GMP exists, the figure should not be treated as a confirmed market value.
| GMP Date | IPO Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 20 September 2026 | To be announced | Unofficial / Not Confirmed | To be announced |
The GMP should not be considered a guarantee of the actual listing price or listing performance.
About Peshwa Wheat Limited
Peshwa Wheat Limited is engaged in the processing and trading of wheat products, organic wheat flour products and allied flour products. The company was originally established as a partnership firm under the name M/s Peshwa Wheat and was subsequently converted into a public limited company in December 2023.
The company operates from Indore, Madhya Pradesh, and has its processing operations at the Industrial Growth Centre Apparel Cluster in Bijepur, Indore. Its processing facility spans approximately 990 square metres.
The company manufactures a range of wheat-based products including Whole Wheat Flour, Sortex Wheat, Rawa/Suji, Maida and Daliya. It also deals in allied flour products and trades in fruits and vegetables within Madhya Pradesh.
The company markets its wheat products under the brand names Shahi Peshwa, Peshwa Maharaj, Royal Peshwa and Peshwa Gold. The company has filed trademark applications for Shahi Peshwa and Peshwa Maharaj and has stated its intention to apply for registration of Royal Peshwa and Peshwa Gold.
The company has a presence in the small-packing product segment, with products supplied in packaging sizes such as 50 kg, 30 kg, 10 kg and 5 kg.
Business Operations
Peshwa Wheat Limited operates across wheat processing, flour products and agricultural-product trading.
- Wheat Processing – The company procures wheat and processes it into different wheat-based products.
- Whole Wheat Flour – Whole wheat flour is among the company’s principal processed products.
- Sortex Wheat – The company processes and supplies Sortex wheat products.
- Rawa/Suji – Rawa and Suji are included in the company’s product portfolio.
- Maida – The company produces Maida as part of its range of flour products.
- Daliya – The company processes Daliya and other allied wheat products.
- Allied Flour Products – The company also processes and trades products such as Gram Flour and Maize Flour.
- Wheat Bran – Wheat-processing by-products such as wheat bran can be utilised as cattle-feed material.
- Fruits and Vegetables Trading – The company also supplies and distributes fruits and vegetables within Madhya Pradesh.
- Branded Products – The company markets its wheat products under Shahi Peshwa, Peshwa Maharaj, Royal Peshwa and Peshwa Gold.
The company’s business combines manufacturing and processing activities with trading and distribution operations.
Industry Overview
India has a large and established wheat-processing and food-products industry supported by the country’s substantial wheat production and consumption.
The flour-processing industry includes traditional flour mills as well as organised processors producing packaged and branded flour products. Increasing urbanisation, changing consumption patterns and demand for packaged food products have created opportunities for organised food-processing companies.
Consumers and institutional buyers also require different types of wheat products depending on their applications. Products such as atta, Maida, Suji, Daliya and other flour products serve household, commercial and food-processing requirements.
The industry is also influenced by wheat procurement prices, agricultural production, government policies, weather conditions, transportation costs and working-capital requirements.
Companies operating in wheat processing need to maintain consistent product quality, manage raw-material procurement efficiently and maintain reliable distribution channels.
Business Strategy
Peshwa Wheat Limited focuses on expanding its wheat-processing capabilities and increasing production capacity.
The company proposes to utilise IPO proceeds toward purchasing plant and machinery and undertaking civil construction. These investments are intended to support expansion of its processing infrastructure.
A significant portion of the IPO proceeds is also proposed to fund the company’s working-capital requirements. This is important for a business that requires funds for procurement of agricultural commodities, inventory management and operating expenses.
The company also aims to strengthen its branded wheat-product portfolio and expand the distribution of its products.
The company’s future growth will depend on its ability to expand capacity, procure raw materials efficiently, manage working capital, maintain product quality and increase demand for its branded and processed wheat products.
Peshwa Wheat IPO Financial Information
A company’s financial performance provides insights into revenue generation, profitability, asset growth, operational efficiency and financial stability. Peshwa Wheat has reported substantial growth in revenue and profit across the financial periods disclosed in the available financial information.
Peshwa Wheat Financial Summary
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue from Operations | ₹43.81 Crore | ₹171.55 Crore | ₹215.96 Crore |
| EBITDA | ₹6.91 Crore | ₹18.05 Crore | ₹22.73 Crore |
| Profit After Tax | ₹5.21 Crore | ₹11.84 Crore | ₹15.81 Crore |
| Net Worth | ₹15.42 Crore | ₹27.26 Crore | ₹43.06 Crore |
The company’s revenue increased from ₹43.81 crore in FY2024 to ₹171.55 crore in FY2025 and further to ₹215.96 crore in FY2026. Profit after tax increased from ₹5.21 crore in FY2024 to ₹11.84 crore in FY2025 and ₹15.81 crore in FY2026.
EBITDA increased from ₹6.91 crore in FY2024 to ₹18.05 crore in FY2025 and ₹22.73 crore in FY2026. Net worth increased from ₹15.42 crore in FY2024 to ₹27.26 crore in FY2025 and ₹43.06 crore in FY2026.
The financial data indicates growth in both revenue and profitability over the reported periods. Investors should nevertheless consider the company’s working-capital requirements, raw-material costs and business concentration while evaluating the financial performance.
Peshwa Wheat IPO Key Performance Indicators (KPIs)
| KPI | Value |
|---|---|
| Return on Net Worth (RoNW) | 36.71% |
| Return on Capital Employed (ROCE) | 33.44% |
| EBITDA Margin | 10.53% |
| PAT Margin | 7.32% |
| Debt-to-Equity Ratio | 0.55 |
| Earnings Per Share (EPS) | ₹11.51 |
| Net Asset Value (NAV) Per Share | ₹31.37 |
| P/E Ratio | To be announced |
The available FY2026 financial information reports RoNW of 36.71%, ROCE of 33.44% and a debt-to-equity ratio of 0.55. EBITDA was ₹22.73 crore on revenue of ₹215.96 crore.
The company’s financial ratios should be assessed together with the valuation at the final IPO price, the working-capital intensity of the business and the financial performance of comparable listed companies.
Objects of the Peshwa Wheat IPO
The company intends to utilise the net proceeds from the issue for the following purposes:
| Object of the Issue | Amount |
|---|---|
| Purchase of Plant and Machinery | ₹6.69 Crore |
| Civil Construction | ₹5.01 Crore |
| Funding Working Capital Requirements | ₹26.50 Crore |
| General Corporate Purposes | As per final issue document |
The company proposes to allocate ₹6.69 crore toward the purchase of plant and machinery, ₹5.01 crore toward civil construction and ₹26.50 crore toward working-capital requirements.
The proposed capital expenditure is intended to strengthen the company’s processing infrastructure, while the working-capital allocation is expected to support procurement and day-to-day operating requirements.
Peshwa Wheat IPO Listing Performance
The listing performance will reflect how Peshwa Wheat shares perform after they begin trading on the proposed exchange platform.
| Particular | Value |
|---|---|
| Listing Exchange | BSE SME |
| Listing Date | 1 October 2026 |
| Issue Price | To be announced |
| Listing Price | To be updated |
| Listing Gain | To be updated |
| Listing Gain (%) | To be updated |
The final issue price and actual listing price will be available after the IPO price band is announced and the shares commence trading.
Peshwa Wheat IPO Subscription Status
The Peshwa Wheat IPO is scheduled to open for subscription on 24 September 2026 and close on 28 September 2026. Subscription figures are therefore not available yet.
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | To be updated |
| Non-Institutional Investors (NII) | To be updated |
| Retail Individual Investors (RII) | To be updated |
| Employee Category | Not Applicable |
| Total Subscription | To be updated |
The final subscription figures will be available after the IPO bidding begins and closes.
Peshwa Wheat IPO Allotment Status
The basis of allotment for Peshwa Wheat IPO is scheduled for 29 September 2026. Refund initiation and credit of shares to successful applicants are scheduled for 30 September 2026, with listing expected on 1 October 2026.
Investors can check the allotment status after the basis of allotment has been finalised through the registrar’s website using their PAN, application number or DP/Client ID.
Peshwa Wheat IPO Review
Peshwa Wheat Limited operates in the wheat-processing and food-products segment, with a business model combining manufacturing, processing and trading activities.
The company processes wheat into products such as Whole Wheat Flour, Sortex Wheat, Rawa/Suji, Maida and Daliya. It also deals in allied flour products and trades fruits and vegetables in Madhya Pradesh. Its products are marketed under multiple brands, including Shahi Peshwa and Peshwa Maharaj.
The company has reported substantial financial growth. Revenue increased from ₹43.81 crore in FY2024 to ₹215.96 crore in FY2026, while profit after tax increased from ₹5.21 crore to ₹15.81 crore during the same period.
The IPO proceeds are intended to support expansion of the company’s manufacturing infrastructure and working-capital requirements. The company plans to invest ₹6.69 crore in plant and machinery, ₹5.01 crore in civil construction and ₹26.50 crore in working capital.
Working capital is an important consideration because wheat processing requires regular procurement of raw materials and inventory management. The company’s financial performance can therefore be affected by wheat prices, procurement conditions, inventory levels and changes in demand.
The company also operates in a competitive food-processing environment. Larger established brands, regional flour manufacturers and other processors compete across different product categories.
Investors should additionally consider the company’s geographic and sourcing concentration, agricultural commodity risks, customer concentration and the execution of its proposed capacity expansion.
The valuation cannot be fully assessed until the company announces the final price band. Therefore, investors should evaluate the final issue price together with the company’s FY2026 EPS, NAV, return ratios, financial growth and industry peers.
Peshwa Wheat IPO Strengths
- Operates in the established wheat-processing and food-products industry.
- Diversified portfolio covering Whole Wheat Flour, Sortex Wheat, Rawa/Suji, Maida, Daliya and allied flour products.
- Markets wheat products under multiple brands including Shahi Peshwa, Peshwa Maharaj, Royal Peshwa and Peshwa Gold.
- Revenue increased significantly from ₹43.81 crore in FY2024 to ₹215.96 crore in FY2026.
- Profit after tax increased from ₹5.21 crore in FY2024 to ₹15.81 crore in FY2026.
- FY2026 RoNW of 36.71% and ROCE of 33.44%.
- IPO proceeds are proposed to strengthen plant, machinery and civil infrastructure.
- A substantial portion of the issue proceeds is proposed for working-capital requirements to support business operations.
Peshwa Wheat IPO Risk Factors
- The business is exposed to fluctuations in wheat and other agricultural commodity prices.
- Raw-material availability and procurement conditions can affect production and margins.
- The company requires significant working capital for procurement and inventory management.
- Competition from established flour and food-product manufacturers may affect pricing and market share.
- The business is exposed to agricultural and weather-related conditions that can affect raw-material availability.
- Customer concentration and dependence on particular distribution channels may affect revenue if demand changes.
- Expansion of manufacturing infrastructure involves execution and capital expenditure risks.
- A substantial portion of the IPO proceeds is proposed for working capital, which reflects the working-capital-intensive nature of the business.
- SME-listed shares can experience lower liquidity and greater price volatility compared with mainboard-listed companies.
Peshwa Wheat IPO Promoters
Rahat Ali Saiyed, Sadaf Saiyed, Shehnaj, Mo. Jed and Riyazuddin Qureshi are the promoters of Peshwa Wheat Limited.
The promoters have been associated with the development and operation of the company’s wheat-processing business.
Peshwa Wheat IPO Promoters Details
| Promoter | Designation / Status |
|---|---|
| Rahat Ali Saiyed | Promoter |
| Sadaf Saiyed | Promoter |
| Shehnaj | Promoter |
| Mo. Jed | Promoter |
| Riyazuddin Qureshi | Promoter |
The promoters are responsible for the strategic direction and management of the company.
Peshwa Wheat IPO Management Team
The company is managed by a team responsible for production, business operations, financial management, compliance and strategic development.
| Name | Designation |
|---|---|
| Rahat Ali Saiyed | Managing Director |
| Sadaf Saiyed | Director |
| Shehnaj | Director |
| Mo. Jed | Director |
| Riyazuddin Qureshi | Director |
| Ritu Jain | Company Secretary & Compliance Officer |
The management team oversees the company’s manufacturing operations, procurement, distribution, finance, compliance and future expansion plans.
Peshwa Wheat IPO Registrar Details
The registrar is responsible for processing IPO applications, finalising the basis of allotment, handling refunds and crediting shares to successful applicants.
| Particular | Details |
|---|---|
| Registrar Name | Maashitla Securities Private Limited |
| Website | https://maashitla.com |
| IPO Allotment Status | To be updated |
| Email ID | [email protected] |
| Contact Number | +91-11-45121795 |
The DRHP identifies Maashitla Securities Private Limited as the Registrar to the Issue.
Peshwa Wheat IPO Lead Manager Details
The Book Running Lead Manager is responsible for managing the IPO process, coordinating issue-related activities and assisting the company throughout the public offering.
| Particular | Details |
|---|---|
| Lead Manager | Finaax Capital Advisors Private Limited |
The available current IPO information identifies Finaax Capital Advisors as the merchant banker/lead manager for the Peshwa Wheat IPO.
Peshwa Wheat Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Peshwa Wheat Limited |
| Registered Office | 308, The One, A Block, RNT Marg, Near Silver Mall, Tukoganj, Indore – 452001, Madhya Pradesh |
| Website | https://www.peshwawheat.com |
| Email ID | [email protected] |
| Contact Number | +91 88788 76796 |
The company’s DRHP identifies its registered office in Indore, website as www.peshwawheat.com and email as [email protected].
How to Check Peshwa Wheat IPO Allotment Status
Investors can check the Peshwa Wheat IPO allotment status after the basis of allotment has been finalised through the registrar’s website.
Through Maashitla Securities Private Limited
- Visit the official Maashitla IPO allotment portal.
- Select Peshwa Wheat IPO from the IPO list.
- Choose PAN Number, Application Number or DP/Client ID.
- Enter the required details.
- Complete the verification process if required.
- Click Submit to view the allotment status.
The basis of allotment is currently scheduled for 29 September 2026.
Peshwa Wheat IPO Conclusion
Peshwa Wheat IPO provides an opportunity to participate in the public issue of a wheat-processing and food-products company operating from Madhya Pradesh.
The company processes a range of wheat-based products including Whole Wheat Flour, Sortex Wheat, Rawa/Suji, Maida and Daliya and markets products under brands such as Shahi Peshwa and Peshwa Maharaj. It also undertakes trading and distribution of fruits and vegetables within Madhya Pradesh.
The company’s financial performance has shown substantial growth, with revenue increasing from ₹43.81 crore in FY2024 to ₹215.96 crore in FY2026 and profit after tax increasing from ₹5.21 crore to ₹15.81 crore over the same period.
The IPO proceeds are proposed to be used for plant and machinery, civil construction and working capital. The company has earmarked ₹26.50 crore for working-capital requirements, making working-capital management an important factor for future operations.
At the same time, investors should consider risks related to agricultural commodity prices, raw-material procurement, competition, working-capital requirements, customer concentration and the execution of planned expansion.
The final IPO price band and minimum bid lot are important for evaluating the valuation of the issue and have not yet been published in the currently available sources. The DRHP states that these terms would be announced before the IPO opens.
A detailed assessment of Peshwa Wheat’s financial performance, final IPO valuation, business strategy, industry conditions, working-capital requirements and risk factors can help investors assess whether the IPO fits their investment objectives.
Peshwa Wheat IPO FAQs
What is Peshwa Wheat IPO?
Peshwa Wheat IPO is a 100% Book Built SME public issue of Peshwa Wheat Limited. The issue comprises a fresh issue of up to 55,00,000 equity shares of ₹10 face value each.
What is the price band of Peshwa Wheat IPO?
The final price band has not yet been announced in the currently available issue information. The DRHP states that the price band will be decided in consultation with the Book Running Lead Manager before the issue opens.
What is the issue size of Peshwa Wheat IPO?
The DRHP provides for a fresh issue of up to 55,00,000 equity shares. The final rupee value of the issue will depend on the price band announced by the company.
When will the Peshwa Wheat IPO open?
The Peshwa Wheat IPO is scheduled to open for subscription on 24 September 2026.
When will the Peshwa Wheat IPO close?
The IPO is scheduled to close on 28 September 2026.
What is the lot size of Peshwa Wheat IPO?
The final lot size has not yet been announced. The DRHP states that the minimum bid lot will be decided before the issue opens.
What is the minimum investment required for Peshwa Wheat IPO?
The minimum investment cannot be calculated until the company announces the final price band and minimum bid lot.
On which stock exchange will Peshwa Wheat shares be listed?
The latest IPO information indicates that the shares are proposed to be listed on the BSE SME platform, with the expected listing date of 1 October 2026.
Who is the registrar for Peshwa Wheat IPO?
Maashitla Securities Private Limited is the Registrar to the Issue.
What does Peshwa Wheat Limited do?
Peshwa Wheat Limited processes and trades wheat-based products including Whole Wheat Flour, Sortex Wheat, Rawa/Suji, Maida and Daliya. The company also trades and distributes fruits and vegetables within Madhya Pradesh.
What are the objectives of the Peshwa Wheat IPO?
The company proposes to use the IPO proceeds for purchase of plant and machinery, civil construction, working-capital requirements and general corporate purposes. The disclosed amounts include ₹6.69 crore for plant and machinery, ₹5.01 crore for civil construction and ₹26.50 crore for working capital.
What is the GMP of Peshwa Wheat IPO?
There is no officially verified GMP. Unofficial market sources currently provide inconsistent indications, so GMP should be treated only as an unofficial market indicator and not as a confirmed listing-price indication.
