Peshwa Wheat IPO Sees 177x QIB Demand, ₹53.52-Crore Issue Draws Strong Day-1 Bids
Mumbai: Peshwa Wheat Limited’s Rs 53.52-crore SME IPO witnessed strong institutional demand on its opening day, with the Qualified Institutional Buyer (QIB) portion receiving bids for around 177 times the shares available. The company received QIB bids for 87.14 lakh shares against 49,200 shares on offer in the category. The value of institutional bids stood at around ₹88 crore. IPO Price And…
Mumbai saw strong institutional demand for Peshwa Wheat Limited’s Rs 53.52-crore SME IPO on its first day of trading. Qualified Institutional Buyer (QIB) portion received bids for around 177 times the shares available, with 87.14 lakh shares sought against 49,200 shares on offer. The QIB bids totaled approximately ₹88 crore. The company's IPO comprises 52.99 lakh equity shares with a face value of Rs 10 each, priced between Rs 95 and Rs 101 per share.
Listing on the BSE SME platform is planned for October 1, 2026. The IPO is open until September 28. The grey market premium (GMP) also surged, reaching Rs 85-Rs 90 per share, indicating strong market sentiment. At the upper price band, this corresponds to an unofficial reference price of around Rs 186-Rs 191 per share. Peshwa Wheat reported a profit after tax of Rs 15.81 crore for FY26, with earnings per share of Rs 11.51.
The company plans to expand its capacity from 56,100 MTPA to 1,02,600 MTPA, with the IPO proceeds allocated towards plant and machinery, civil construction, working capital, and general corporate purposes.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
