Peshwa Wheat IPO: Rs 53.52 Crore Issue Opens September 24; Check Price Band, Lot Size, Listing Date

Peshwa Wheat Ltd is entering the SME IPO market with a Rs 53.52-crore public issue that will open for subscription on September 24. The wheat-processing company has set a price band of Rs 95 to Rs 101 per share, with the bidding window closing on September 28.

Peshwa Wheat IPO Set To Open On September 24; What Investors Need To Know

The shares are proposed to be listed on the BSE SME platform on October 1. One of the key points for retail investors is the relatively high entry amount. At the upper end of the price band, the minimum retail application will require Rs 2,42,400.

The company has fixed a lot size of 1,200 shares. Retail investors have to apply for a minimum of two lots, taking the minimum application size to 2,400 shares. At Rs 101 per share, two lots will cost Rs 2,42,400. Non-institutional investors have a higher minimum requirement of 3,600 shares, which translates into Rs 3,63,600 at the upper price band.

The IPO comprises 52.99 lakh shares, including 50.04 lakh shares through a fresh issue and 2.95 lakh shares reserved for the market maker. Retail investors have been offered 25.03 lakh shares, representing 50.02% of the issue.

A large portion of the fresh funds will go towards strengthening the company's working capital. Peshwa Wheat has allocated Rs 26.50 crore for this requirement. The company plans to use another Rs 6.69 crore for plant and machinery and Rs 5.01 crore for civil construction. The remaining amount is earmarked for general corporate purposes.

The working-capital allocation is particularly relevant for the company's business because wheat processing requires regular spending on raw materials, inventory and other operating requirements.

Finaax Capital Advisors is the book-running lead manager of the issue. Maashitla Securities has been appointed as the registrar, while Bhansali Value Creations will serve as the market maker.

Peshwa Wheat Financial Performance

Peshwa Wheat recorded total income of Rs 215.96 crore in FY26, compared with Rs 171.55 crore in FY25. Its EBITDA increased to Rs 22.73 crore from Rs 18.05 crore, while profit after tax rose to Rs 15.81 crore from Rs 11.84 crore.

The company's FY26 EBITDA margin stood at 10.53%, while its PAT margin was 7.32%. As of March 2026, return on equity was 44.96% and return on capital employed stood at 33.44%.

The company reported a debt-to-equity ratio of 0.55, indicating that it uses debt alongside equity to fund its operations.

What Does Peshwa Wheat Do?

Peshwa Wheat was established in 2023 and operates in the wheat-processing and food-products segment. Its manufacturing facility is located in Indore and has an installed capacity of 56,100 metric tonnes per year.

Unlike a consumer-facing packaged food brand that mainly depends on retail sales, Peshwa Wheat operates largely in the B2B space. It supplies products to institutional and wholesale customers across four states.

The company's ability to increase capacity, manage raw material costs and maintain working-capital efficiency will therefore remain important factors as it seeks to expand its business after the IPO.

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