Peshwa Wheat IPO
Peshwa Wheat IPO Details
-
Open Date
24 Sep 2026
-
Close Date
28 Sep 2026
- IPO Price Range
₹ 95 to ₹101
- IPO Size
₹ 53.52 Cr
Peshwa Wheat IPO Timeline
Peshwa Wheat IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 24-Sep-2026 | 177.12 | 0.13 | 0.04 | 1.82 |
Last Updated: 24 September 2026 6:35 PM by 5paisa
Peshwa Wheat Limited is an Indore-based food-processing company engaged primarily in processing wheat and other grain-based products. Its portfolio includes Atta or wheat flour, Sortex Wheat, Broken Wheat, Gram Flour or Besan and Maize Flour. Wheat bran generated during processing is also utilised for cattle feed, supporting the company's zero-waste approach.
The company operates an integrated flour-processing facility at Bijepur, Indore, Madhya Pradesh, with an installed capacity of 56,100 MTPA. Its processing operations include automated cleaning, sorting and milling. The company holds FSSAI licences and ISO 22000:2018 certification for food safety management.
Peshwa Wheat primarily operates in the B2B segment. Products are sold through super stockists, which further supply wholesalers and retailers, as well as directly to bulk buyers such as restaurants, bakeries and wholesalers. The company primarily serves Madhya Pradesh, Maharashtra, Karnataka and Gujarat and also trades vegetables, mainly potatoes and tomatoes, within Madhya Pradesh.
Established in: 2023
Chairman and Managing Director: Rahat Ali Saiyed
Peers:
Baba Foods Processing India Limited
Megastar Foods Limited
Peshwa Wheat Objectives
The net proceeds from the fresh issue are proposed to be utilised towards:
1. Funding capital expenditure for the purchase of plant and machinery
2. Funding capital expenditure towards civil construction
3. Funding the company's working capital requirements
4. General corporate purposes
Approximately ₹6.69 crore is proposed to be used for plant and machinery, ₹5.01 crore for civil construction and ₹26.50 crore for working capital requirements.
Peshwa Wheat IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹53.52 Cr |
| Offer For Sale | – |
| Fresh Issue | ₹53.52 Cr |
Peshwa Wheat IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Individual Investors (IND) (Min) | 2 | 2400 | ₹228000 |
| Individual Investors (IND) (Max) | 2 | 2400 | ₹242400 |
| HNI (Min) | 3 | 3600 | ₹342000 |
| S-HNI (Max) | 8 | 9600 | ₹969600 |
| B-HNI (Min) | 9 | 10800 | ₹1026000 |
Peshwa Wheat IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 177.12 | 49,200 | 87,14,400 | 88.015 |
| Non-Institutional Buyers | 0.13 | 24,51,600 | 3,08,400 | 3.115 |
| bNII (> ₹10L) | 0.18 | 16,34,400 | 2,95,200 | 2.982 |
| sNII (< ₹10L) | 0.02 | 8,17,200 | 13,200 | 0.133 |
| Retail | 0.04 | 25,03,200 | 91,200 | 0.921 |
| Total** | 1.82 | 50,04,000 | 91,14,000 | 92.051 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 43.79 | 171.53 | 215.94 |
| EBITDA | 6.91 | 18.04 | 22.73 |
| PAT | 5.21 | 11.84 | 15.81 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 31.17 | 65.95 | 80.60 |
| Share Capital | 6.86 | 13.73 | 13.73 |
| Total Liabilities | 31.17 | 65.95 | 80.60 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (Used In) Operating Activities | (2.02) | (13.10) | 15.64 |
| Net Cash Generated From / (Used In) Investing Activities | (1.69) | (0.29) | 0.12 |
| Net Cash Generated From / (Used In) Financing Activities | 5.03 | 13.55 | 0.04 |
| Net Increase / (Decrease) In Cash And Cash Equivalents | 1.33 | 0.15 | 15.81 |
Strengths
1. The company operates an integrated flour-processing facility with an installed capacity of 56,100 MTPA and automated cleaning and milling operations.
2. Its processing model covers procurement, processing, quality control and finished-product dispatch, giving it greater control over the production process.
3. Peshwa Wheat has established procurement relationships with farmers and suppliers and sources key agricultural inputs directly within Madhya Pradesh.
4. The company holds applicable FSSAI licences and ISO 22000:2018 certification, supporting its food-safety and quality-control framework.
5. Capacity utilisation stood at around 90.10% in FY26, while revenue from operations increased to ₹215.94 crore.
Weaknesses
1. Customer concentration is significant. The top 10 customers contributed 71.14% of FY26 revenue from operations, while the top five accounted for 64.14%.
2. Raw-material procurement is geographically concentrated, with 100% of wheat, chana dal and maize requirements sourced from Madhya Pradesh in FY26.
3. Revenue is also geographically concentrated, with Madhya Pradesh accounting for approximately 97.21% of FY26 revenue from operations.
4. Supplier concentration remains material, with the top 10 suppliers accounting for 52.16% of FY26 purchases.
5. The business has substantial working-capital requirements, reflected in the proposed ₹26.50 crore allocation from IPO proceeds towards working capital.
Opportunities
1. The proposed investment in plant and machinery and civil construction can support expansion of the company's processing infrastructure.
2. Additional working capital from the IPO can support higher procurement and sales volumes as operations scale.
3. Expanding distribution beyond its core Madhya Pradesh market can reduce geographic concentration and widen its addressable customer base.
4. The company's super-stockist network and direct bulk-sales channel provide two routes for expanding B2B distribution.
5. A broader product portfolio across wheat, maize and gram-based products provides scope to serve different categories of institutional and bulk customers.
Threats
1. Wheat, maize and chana are agricultural commodities whose availability, quality and prices can be affected by weather, crop output and other agricultural factors.
2. Dependence on a single state for raw materials exposes the business to localised supply disruptions and adverse agricultural conditions.
3. Flour and grain products require appropriate storage conditions, with inadequate storage creating risks of infestation, spoilage and loss of product value.
4. Competition from organised and unorganised flour processors can affect pricing, market share and margins.
5. Changing consumer preferences towards alternative grains and other food products could affect demand for parts of the company's existing portfolio.
1. Revenue from operations increased from ₹43.79 crore in FY24 to ₹215.94 crore in FY26, while PAT rose from ₹5.21 crore to ₹15.81 crore over the same period.
2. The company operates an integrated processing facility with installed capacity of 56,100 MTPA and reported capacity utilisation of around 90.10% in FY26.
3. Peshwa Wheat has both super-stockist and direct-sales channels, providing access to wholesalers, retailers and institutional or bulk customers.
4. Its product portfolio spans wheat-based products as well as maize flour and gram flour, while wheat bran generated during processing is utilised as cattle feed.
5. The IPO is entirely a fresh issue, with proceeds proposed for plant and machinery, civil construction, working capital and general corporate purposes.
India's wheat-processing industry is supported by the country's large wheat-production base and the recurring consumption of wheat flour and related staple products. The sector includes both organised processors and a sizeable network of regional and unorganised mills, creating opportunities for businesses that can build distribution, standardise quality and expand packaged and institutional sales.
Peshwa Wheat operates primarily in the B2B segment, with wheat products accounting for the majority of its operations. Its installed processing capacity stood at 56,100 MTPA in FY26, with capacity utilisation of around 90.10%. The company's growth strategy includes expanding processing infrastructure, strengthening distribution and improving operating efficiency.
The IPO proposes ₹6.69 crore for plant and machinery and ₹5.01 crore for civil construction. These investments, together with ₹26.50 crore earmarked for working capital, are intended to support the next phase of operations. Geographic diversification remains relevant given the company's current concentration in Madhya Pradesh.
- Companies
- Type
- Opening On
- Nityas Gems & Jewellery Ltd
- Mainboard
- 30th Sep
- Pre-Book
-
SRIT India
- Mainboard
-
28th Sep
- Pre-Book
-
Pind Hospitality
- SME
-
28th Sep
- Pre-Book
-
Bench Mark Infotech Services
- SME
- 25th Sep
- Pre-Book
-
Shah Investors Home
- Mainboard
-
28th Sep
- Pre-Book
Open Free Demat Account
Be a part of 5paisa community - The first listed discount broker of India.
By proceeding, you agree to all T&C*
FAQs
Peshwa Wheat IPO opens from 24 September 2026 to 28 September 2026.
The size of the Peshwa Wheat IPO is approximately ₹53.52 crore.
The price band of Peshwa Wheat IPO is fixed at ₹95 to ₹101 per share.
1. Login to your 5paisa demat account and select the issue in the current IPO section.
2. Enter the number of lots and the price at which you wish to apply for the Peshwa Wheat IPO.
3. Enter your UPI ID and click on submit. Your bid will then be placed with the exchange.
4. You will receive a mandate notification to block funds in your UPI app.
The bid lot is 1,200 shares, while the minimum eligible Individual Investor application is two lots, or 2,400 shares. This requires an investment of ₹2,28,000 at the floor price of ₹95 per share.
The basis of allotment for the Peshwa Wheat IPO is expected to be finalised on 29 September 2026.
The Peshwa Wheat IPO is tentatively scheduled to list on the BSE SME platform on 1 October 2026.
Finaax Capital Advisors Private Limited is the book-running lead manager to the Peshwa Wheat IPO.
The net proceeds from the fresh issue are proposed to be utilised towards:
1. ₹6.69 crore for the purchase of plant and machinery
2. ₹5.01 crore towards civil construction
3. ₹26.50 crore towards working capital requirements
4. General corporate purposes