Peshwa Wheat IPO Opens September 24, ₹53.52-Crore Issue Commands ₹58–60 Grey-Market Premium

Mumbai - Peshwa Wheat Ltd will launch a ₹53.52-crore initial public offering (IPO) on September 24, with the BSE SME issue closing on September 28 and listing on October 1. The price band has been set between Rs 95 and Rs 101 per equity share. The issue includes 52.99 lakh shares, with 50.04 lakh shares being a fresh issue and 2.95 lakh reserved for the market maker.

Retail investors have been allotted 25.03 lakh shares, accounting for 50.02 percent of the total offer. The minimum quota for HNIs is 3,600 shares, which would amount to Rs 3,63,600 at the upper price point.

The funds raised will be utilized for plant and machinery, civil construction, and working capital purposes, with the remaining balance allocated for general corporate purposes. Peshwa Wheat reported total income of Rs 215.96 crore in FY26, EBITDA of Rs 22.73 crore, and profit after tax of Rs 15.81 crore. In FY25, revenue was Rs 171.55 crore, EBITDA stood at Rs 18.05 crore, and profit was Rs 11.84 crore.

As of March 2026, return on equity was 44.96 percent, return on capital employed was 33.44 percent, debt-to-equity ratio was 0.55, EBITDA margin was 10.53 percent, and PAT margin was 7.32 percent. Promoter holding is expected to decline to 52.39 percent after the IPO.

Grey-market buzz from offline participants in Ahmedabad, Rajkot, and Surat suggests an unofficial premium of Rs 58–Rs 60 per share. This premium is unregulated and can fluctuate rapidly, with no guarantee of profits upon listing. Peshwa Wheat was founded in 2023, processing wheat-based foods at its 56,100-MTPA Indore facility and supplying institutional and wholesale customers across four states.