Peshwa Wheat Limited processes wheat-based products such as Atta, Sortex Wheat, Broken Wheat and Wheat Bran, along with Gram Flour (Besan) and Maize Flour. It also trades potatoes and tomatoes in Madhya Pradesh.
The company operates a 56,100 MTPA integrated flour processing unit in Indore, equipped with modern milling and cleaning technology. It follows strict quality controls and holds FSSAI licences and ISO 22000:2018 certification.
Peshwa Wheat primarily serves the B2B market across Madhya Pradesh, Maharashtra, Karnataka and Gujarat, selling through Super Stockists and directly to bulk customers such as restaurants, bakeries and wholesalers.
Business Model:
- Super Stockists – Products are supplied to super stockists for further distribution.
- Direct Sales – Products and vegetables are sold directly to bulk customers.
The company utilises wheat bran generated as a by-product for cattle feed, helping minimise waste during processing. As of March 31, 2026, Peshwa Wheat reported ₹215.94 crore in revenue from operations, with wheat products contributing 85.79% of revenue and other flour products contributing 10.62%.
As of March 31, 2026, the company has 24 permanent employees.
Peshwa Wheat IPO – Details
| IPO Opening Date | 24 September 2026 |
| IPO Closing Date | 28 September 2026 |
| Issue Type | Book Building IPO |
| Issue Size | Total Issue: 52,99,200 Shares Worth ₹53.52 Crore Fresh Issue: 52,99,200 Shares Worth ₹53.52 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹95 – ₹101 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Maashitla Securities Pvt. Ltd. |
| QIB Shares Offered | 0.98% |
| NII Shares Offered | 48.99% |
| Retail Shares Offered | 50.02% |
Peshwa Wheat IPO – Date Schedule
| IPO Open Date | 24 September 2026 |
| IPO Close Date | 28 September 2026 |
| Basis of Allotment | 29 September 2026 |
| Initiation of Refund | 30 September 2026 |
| Credit of Shares to Demat | 30 September 2026 |
| IPO Listing Date | 01 October 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 28, 2026 |
Peshwa Wheat IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹2,42,400 |
| Retail (Max) | 2 | 2400 | ₹2,42,400 |
| S-HNI (Min) | 3 | 3600 | ₹3,63,600 |
| S-HNI (Max) | 8 | 9600 | ₹9,69,600 |
| B-HNI (Min) | 9 | 10800 | ₹10,90,800 |
Competitive Strength
- Established Promoters and Skilled Management Team.
- Integrated Processing Operations.
- Strategic Procurement Relationship and strong Supply Chain.
- Strong focus on Quality and Food Safety Standards and maintaining Hygienic Processing Standards.
Company Promoters
- Rahat Ali Saiyed
- Sadaf Saiyed
- Shehnaj
- Mo.Jed
- Riyazuddin Qureshi
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹43.81 Cr | ₹37.12 Cr | ₹5.21 Cr | ₹7.93 Cr |
| 31 March 2025 | ₹171.55 Cr | ₹155.51 Cr | ₹11.84 Cr | ₹22.60 Cr |
| 31 March 2026 | ₹215.96 Cr | ₹194.72 Cr | ₹15.81 Cr | ₹23.74 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 44.96% |
| ROCE | 33.44% |
| Debt/Equity | 0.55 |
| RoNW | 36.71% |
| PAT Margin | 7.32% |
| EBITDA Margin | 10.53% |
| NAV | 31.37 |
| Price to Book Value | 3.22 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.51 | 8.31 |
| P/E (x) | 8.77 | 12.15 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| 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. |
✅Strengths
- Integrated Processing with 56,100 MTPA capacity.
- Strong Supply Chain from procurement to distribution.
- Quality Certifications including FSSAI and ISO 22000:2018.
- Established Procurement Network with grain suppliers.
- Capacity Expansion planned to 1,02,600 MTPA.
⚠️Risks
- Raw Material Volatility may impact margins.
- Regional Concentration with 97.21% FY2026 revenue from Madhya Pradesh.
- Intense Competition may pressure pricing.
- Supply Chain Risks could disrupt operations.
- Machinery Dependence may affect production during breakdowns.
Peshwa Wheat IPO Promoter Holding
| Pre-Issue Share Holding | 72.61% |
| Post Issue Share Holding | 52.39% |
Peshwa Wheat IPO Prospectus
Company Contact Information
| Peshwa Wheat Limited 308 The One, A Block RNT Marg, Near Silver Mall, Tukoganj Indore, Madhya Pradesh, 452001 Phone: +91 88788 76796 Email: info@peshwawheat.com Website: https://peshwawheat.com/ |
Peshwa Wheat IPO Registrar
| Maashitla Securities Pvt. Ltd. Phone: 011-45121795 Email: Investor.ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
Peshwa Wheat IPO Lead Manager(s)
| 1. Finaax Capital Advisors Pvt. Ltd. |
Peshwa Wheat IPO FAQ
| What is the Peshwa Wheat IPO? Peshwa Wheat IPO is an SME IPO. The issue is priced at ₹95 – ₹101 per equity share. The IPO is to be listed on BSE SME. |
| When will Peshwa Wheat IPO open? The IPO is to open on 24 September 2026 for QIB, NII and Retail Investors. |
| What is Peshwa Wheat IPO Investors’ Portion? The Investors portion for QIB – 0.98%, NII – 48.99%, and Retail – 50.02%. |
| What is the Peshwa Wheat IPO Size? Peshwa Wheat IPO size is ₹53.52 Crore. |
| What are the Peshwa Wheat IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2400 Shares for ₹2,42,400, while the maximum bid is 2400 Shares for ₹2,42,400. |
| What is the Peshwa Wheat IPO Allotment Date? Peshwa Wheat IPO allotment date is 29 September 2026. |
| What is the Peshwa Wheat IPO Listing Date? Peshwa Wheat IPO listing date is 01 October 2026. The IPO is to be listed on the BSE SME. |
