Peshwa Wheat Shares List at 0.99% Discount at ₹100 on BSE SME

Peshwa Wheat shares made their stock market debut on October 1, 2026, listing at ₹100 per share on BSE SME, compared with the IPO issue price of ₹101 per share. The opening represented a discount of approximately 0.99%.

Following the listing, the stock traded at ₹95.05 as of 11:24 AM, down 5.89% from the issue price. During the session, Peshwa Wheat shares touched a high of ₹100 and a low of ₹95.

The listing followed the company’s ₹53.52 crore SME IPO, which was open for subscription from September 24 to September 28, 2026. The IPO received an overall subscription of 2.77 times. Its price band was fixed at ₹95 to ₹101 per share.

Peshwa Wheat operates in the food-processing segment and processes wheat and other grain-based products, including atta, Sortex wheat, broken wheat, besan and maize flour.

Peshwa Wheat IPO Listing Details

Peshwa Wheat IPO was a ₹53.52 crore book-building SME issue comprising an entirely fresh issue of approximately 52.99 lakh equity shares.

The IPO did not include an offer-for-sale component. It opened for subscription on September 24 and closed on September 28, with a price band of ₹95 to ₹101 per share.

The issue was subscribed 2.77 times overall. QIBs recorded 177.12 times subscription, Individual Investors subscribed 1.72 times, while the NII portion was subscribed 0.35 times.

Peshwa Wheat listed at ₹100 per share on BSE SME, compared with its ₹101 issue price. At 11:24 AM, the stock was trading at ₹95.05.

• Issue Price: ₹101 per share

• BSE SME Listing Price: ₹100 per share

• Listing Discount: 0.99%

• Trading Price: ₹95.05 per share

• Change From Issue Price: -5.89%

• Intraday High: ₹100

• Intraday Low: ₹95

• Overall Subscription: 2.77 times

• Fresh Issue: ₹53.52 crore

• Offer for Sale: Nil

• Price Band: ₹95 to ₹101 per share

• IPO Open Date: September 24, 2026

• IPO Close Date: September 28, 2026

• Listing Date: October 1, 2026

• Exchange: BSE SME

First-Day Trading Performance

Listing Price: Peshwa Wheat listed at ₹100 per share on BSE SME against the issue price of ₹101. This represented a listing discount of approximately 0.99%.

Post-listing price: At 11:24 AM, the stock traded at ₹95.05, placing it 5.89% below the IPO issue price and approximately 4.95% below its listing price.

Intraday high: The session high stood at ₹100, which remained approximately 0.99% below the issue price.

Intraday low: Peshwa Wheat touched ₹95, or approximately 5.94% below the ₹101 issue price.

Subscription context: The IPO received overall subscription of 2.77 times during the September 24-28 bidding period. QIB subscription stood substantially above the other investor categories.

Growth Drivers and Challenges

Growth Drivers

Food-Processing Demand: Peshwa Wheat operates in a staple food-processing segment centred on wheat and grain-based products.

Product Portfolio: The company processes and supplies products including atta, Sortex wheat, broken wheat, besan and maize flour.

Installed Processing Capacity: Its integrated flour-processing facility in Indore has installed capacity of approximately 56,100 metric tonnes per annum.

Capacity Investment: Part of the IPO proceeds is earmarked for plant and machinery and civil construction, supporting additional processing infrastructure.

Working-Capital Funding: A substantial portion of the issue proceeds is intended to strengthen working capital, an important requirement in grain procurement and processing.

Challenges

Commodity Price Exposure: Wheat and other agricultural commodity prices can fluctuate and affect input costs.

Working-Capital Intensity: Procurement and inventory requirements can result in significant working-capital needs.

Agricultural Supply Risk: Availability and pricing of grain depend partly on crop output, procurement conditions and supply-chain factors.

Competitive Industry: Flour and wheat-product markets include organised as well as regional and unorganised participants.

Expansion Execution: Planned capital expenditure needs to be commissioned and utilised effectively for the company to benefit from increased infrastructure.

Utilisation of IPO Proceeds

The ₹53.52 crore Peshwa Wheat IPO was entirely a fresh issue. The company intends to deploy the net proceeds across plant and machinery, construction, working capital and general corporate purposes.

Approximately ₹6.69 crore is proposed to be used for the purchase of plant and machinery, while ₹5.01 crore is earmarked for civil construction.

The largest specified allocation is approximately ₹26.50 crore towards working-capital requirements.

Principal uses include:

• ₹6.69 crore for purchase of plant and machinery

• ₹5.01 crore for civil construction

• ₹26.50 crore for working-capital requirements

• General corporate purposes

Business and IPO Overview

Peshwa Wheat Limited operates in the food-processing industry and processes wheat and other grain-based products.

Its portfolio includes atta, Sortex wheat, broken wheat, besan and maize flour. The company supplies processed food ingredients and products to customers through a business model centred on grain procurement, processing and distribution.

Its integrated processing facility is located in Indore and has installed capacity of approximately 56,100 metric tonnes per annum.

The IPO was an entirely fresh issue of approximately 52.99 lakh shares and raised ₹53.52 crore at the upper end of its ₹95-₹101 price band.

The issue received overall subscription of 2.77 times. QIB subscription stood at 177.12 times, while Individual Investors subscribed 1.72 times and NIIs subscribed 0.35 times.

Peshwa Wheat listed at ₹100 on BSE SME, marginally below the ₹101 issue price. At 11:24 AM on October 1, the stock traded at ₹95.05 after moving between ₹95 and ₹100.