SME
IPO ·
BSE SME
Peshwa Wheat Ltd
Listed
Indore wheat processor making atta, sortex wheat and other flours for B2B buyers.
Issue details
Price band
₹95 – ₹101
Face value
₹10
Lot size
1,200 shares
Minimum investment
₹2,42,400
Issue size
₹53.52 Cr
Fresh issue
₹53.52 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
24 Sep 2026
Closes
28 Sep 2026
UPI mandate cut-off
5:00 PM on 28 Sep 2026
Allotment
29 Sep 2026
Refunds
30 Sep 2026
Shares in demat
30 Sep 2026
Listing
1 Oct 2026
Subscription and listing
Subscription
2.77x
Listing price
₹100.05
Registrar
Maashitla Securities Pvt Ltd
Lead manager
Finaax Capital Advisors Pvt Ltd
Subscription by category
QIB (Ex Anchor)
177.12x
NII
0.35x
Retail
1.72x
Total
2.77x
Total applications
1,957
Listing day
Issue price
₹101
Open
₹100.05
High
₹100.05
Low
₹95.05
Day close
₹95.05
Listing gain at open
-0.94%
Issue structure
Shares reserved per category and share of the total issue
QIB
49,200
0.93%
NII
24,51,600
46.26%
bNII > ₹10L
16,34,400
30.84%
sNII < ₹10L
8,17,200
15.42%
Retail
25,03,200
47.24%
Market Maker
2,95,200
5.57%
Total
52,99,200
100.00%
Finaccle’s quick read
Neutral
Numbers screen well (PAT up about 34%, ROE 44.96%, D/E 0.55, post-issue P/E 12.15, 100% fresh), but the company was incorporated in 2023 and income quadrupled from ₹43.81 Cr in FY24.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Peshwa Wheat is an Indore, Madhya Pradesh based food processor making atta, sortex wheat, broken wheat, besan and maize flour, and it also trades potatoes and tomatoes. It sells mainly to business buyers in Madhya Pradesh, Maharashtra, Karnataka and Gujarat. It has 56,100 MTPA of installed capacity, 24 permanent staff and FY26 income of about ₹216 Cr.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
44.96%
ROCE
33.44%
Debt / equity
0.55
PAT margin
7.32%
P/E post issue
12.15
Market cap
₹192.18 Cr
Use of IPO money
Purchase of plant and machinery
₹6.69 Cr
Civil construction
₹5.01 Cr
Working capital
₹26.50 Cr
General corporate purposes
₹8.02 Cr
Issue expenses
₹7.30 Cr
Strengths
✓
Income up about 26% and PAT up about 34% in FY26
✓
ROE of 44.96% with debt/equity of 0.55
✓
Post-issue P/E of 12.15 is modest
✓
Entire issue is fresh capital
Risks to watch
!
Company incorporated only in 2023, so track record is short
!
Income jumped from ₹43.81 Cr to ₹171.55 Cr in one year
!
Low-margin commodity flour business
!
Regional and B2B customer concentration
!
Promoter holding falls to 52.39% post-issue
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.