Peshwa Wheat IPO
Peshwa Wheat IPO Listing Day Performance
Peshwa Wheat listed on BSE SME on 01 October 2026 at ₹100.05, a 0.94% discount to the issue price of ₹101. A retail investor allotted the minimum application of 2,400 shares (2 lots) lost ₹2,280 at the listing price.
Demand going into listing
| Subscribed overall | 2.83× |
| QIB | 177.12× |
| NII | 0.47× |
| Retail | 1.72× |
Market Sentiment
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Final |
|---|---|---|---|
| QIB | 177.12x | 177.12x | 177.12x |
| NII | 0.13x | 0.22x | 0.47x |
| bNII > ₹10L | 0.18x | 0.22x | 0.34x |
| sNII 2-10L | 0.02x | 0.21x | 0.75x |
| Retail | 0.04x | 0.49x | 1.72x |
| Total | 1.82x | 2.09x | 2.83x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 43.81 | 171.55 | 215.96 |
| Expense | 37.12 | 155.51 | 194.72 |
| Profit (PAT) | 5.21 | 11.84 | 15.81 |
| Total Assets | 31.17 | 65.95 | 80.60 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Peshwa Wheat This IPO | 11.51 | - | 36.71 | 31.37 | - |
| Baba Foods Processing India Limited | 1.89 | 13.10 | 4.63 | 40.64 | 205.04 Cr |
| Megastar Foods Limited | 8.11 | 40.93 | 8.97 | 90.42 | 532.58 Cr |
Strengths & Risks
- Strong institutional (QIB) demand — 177.1x.
- Revenue grew 26% in the latest reported year.
- Strong return on equity — 45%.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
From this issue's live data. Not investment advice — read the RHP.
Company Information
Peshwa Wheat at a glance
From the company's description: “Since its foundation in 2023, Peshwa Wheat has been involved in the processing of wheat-based products like Atta (wheat flour), Sortex Wheat, Broken Wheat, and other flour products such as Gram Flour (Besan) and Maize Flour.”
Peshwa Wheat is raising ₹53.52 crore through an IPO on the BSE SME. All of it is a fresh issue: there is no offer for sale, so every rupee raised goes to the company rather than to selling shareholders. Main stated uses of the fresh money: Funding working capital requirements of the Company (₹26.5 crore), Funding Capital Expenditure towards Purchase of Plant and Machineries (₹6.69 crore) and Funding Capital Expenditure towards Civil Construction (₹5.01 crore).
Revenue went from ₹43.81 crore in 2024 to ₹216 crore in 2026, up 393% over 2 years. Profit after tax went from ₹5.21 crore to ₹15.81 crore, a net margin of 7.3% in the latest year.
Debt stands at 0.55 times equity.
Written from the issue's offer-document figures shown on this page. Not investment advice.
Company Contact Information
Peshwa Wheat Ltd., 308 The One, A Block RNT Marg,, Near Silver Mall, Tukoganj, Indore, Madhya Pradesh, 452001
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Funding Capital Expenditure towards Purchase of Plant and Machineries | 6.69 |
| Funding Capital Expenditure towards Civil Construction | 5.01 |
| Funding working capital requirements of the Company | 26.50 |
| General Corporate Purposes | - |
Resources & Documents
Peshwa Wheat IPO - Quick Take
Peshwa Wheat has set a price band of Rs 95–Rs 101 per share for an issue size of Rs 54 crore. The stock listed with a 0.94% discount versus its issue price on October 01, 2026.
The issue is promoted by Rahat Ali Saiyed, Sadaf Saiyed, Shehnaj, Mo.Jed and Riyazuddin Qureshi with Finaax Capital Advisors Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards funding Capital Expenditure towards Purchase of Plant and Machineries (Rs 7 crore) and funding Capital Expenditure towards Civil Construction (Rs 5 crore).
On fundamentals, the company is posting revenue growth of 25.9%, a profit margin of 7.3%, return on equity of 45.0% in its most recent reported period. Listed peers in this segment include Baba Foods Processing India Limited (P/E 13.10x) and Megastar Foods Limited (P/E 40.93x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read weak — several key indicators are reading below average. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Peshwa Wheat IPO: Lead Manager & Registrar Track Record
How the firm running this issue and its registrar have fared on the other IPOs we track. Each firm's figures leave out Peshwa Wheat itself, so they describe what came before it.
- Peshwa Wheat listed at −0.9% on day one; the median of 193 listings was +1.7% (better than 25% of them).
- Subscribed 2.83x against a median of 4.03x across 192 issues (higher than 45%).
- Average listing-day move across all 194 SME listings we track: +11.6%.
| Firm | Other IPOs | Listed at / above issue | Avg move | Median |
|---|---|---|---|---|
| Finaax Capital Advisors Pvt. Ltd. Lead manager | 1 0 MB · 1 SME | 100% 1 of 1 | +6% | +6% |
| Maashitla Securities Pvt. Ltd. Registrar | 32 0 MB · 32 SME | 81% 26 of 32 | Check allotment → | |
Recent listings managed by Finaax Capital Advisors Pvt. Ltd. (1)
| IPO | Listed | Listing-day move |
|---|---|---|
| Fractal Industries | 24 Feb 2026 | +6% |
A SEBI-registered merchant banker that runs the issue: due diligence, drafting the offer document, setting the price band with the company, and marketing the IPO to investors.
Finalises the basis of allotment, credits shares to demat accounts, releases blocked funds for unsuccessful bids and handles investor queries about the issue.
Listing-day move = exchange opening price vs issue price (band ceiling where the final price isn't recorded). Counts cover IPOs we track only. Past listings don't predict this one; this is not investment advice.
Frequently Asked Questions
Peshwa Wheat IPO GMP — What It Means
No grey market premium was recorded for Peshwa Wheat before it listed.
See the full Peshwa Wheat GMP history and trend, or learn how grey market premium works and how reliable it is.
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