Wednesday, September, 23,2026

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Peshwa Wheat IPO Opens for Subscription on September 24

Mumbai : Peshwa Wheat Limited is an Indore-based integrated grain processing company that mills wheat into Atta – wheat flour, Sortex Wheat, Broken Wheat and Wheat Bran, and also produces Maize Flour and Gram Flour (Besan), proposes to open its Initial Public Offering on Thursday, September 24, 2026. The Company is raising ₹ 53.52 Crore through a fresh issue of 52,99,200 Equity Shares, which will be listed on the BSE SME platform.

Total Issue Size – 52,99,200 Equity Shares of ₹ 10 each

IPO Size – ₹53.52 Lakhs

Price Band - ₹95 - ₹101 Per Share

Lot Size – 1,200 Equity Shares (*Bids can be made for a minimum of 2,400 Equity Shares and in multiple of 1,200 Equity Shares)

The issue size is 53.52 Crores of ₹ 10 each with a price band of ₹ ₹95 - ₹101 Per Share Per Share. The Issue and the Net Issue will constitute 27.85% and 26.30% respectively of the post-issue paid-up equity share capital of the Company, which will stand at 1,90,28,196 Equity Shares against 1,37,28,996 Equity Shares prior to the Issue.

Equity Share Allocation

  • Market Maker Reservation Portion – 2,95,200 Equity Shares

  • Qualified Institutional Buyers – Not more than 49,200 Equity Shares

  • Non-Institutional Investors – Not Less than 24,51,600 Equity Shares

  • Individual Investors – Not Less than 25,03,200 Equity Shares

The net proceeds from the IPO will be utilized towards funding capital expenditure towards the purchase of plant and machineries of ₹ 669.09 Lakhs, civil construction of ₹ 501.20 Lakhs, funding working capital requirements of ₹ 2,650.00 Lakhs and general corporate purposes. The issue will open on Thursday, September 24, 2026 and will close Monday, September 28, 2026. There is no Anchor Investor Portion in the Issue, and the entire Issue constitutes a fresh issue of equity shares with no offer for sale.

The Book Running Lead Manager to the Issue is Finaax Capital Advisors Private Limited. The Registrar to the Issue is Maashitla Securities Private Limited. The Market Maker to the Issue is Bhansali Value Creations Private Limited.

Mr. Rahat Ali Saiyed, Promoter, Chairman & Managing Director of Peshwa Wheat Limited expressed, “The opening of our Initial Public Offering is an important milestone for Peshwa Wheat Limited. Over the last three fiscals we have grown almost entirely by putting our existing plant to fuller use, taking capacity utilisation from 58.73% to 90.10%, while continuing to buy the whole of our wheat within Madhya Pradesh, directly from farmers who bring their samples to our unit at Bijepur, Indore. With utilisation now close to its ceiling, the Net Proceeds will be applied towards a highly automated roller flour mill and a chakki whole wheat atta mill at the same site, taking installed capacity from 56,100 MTPA to 1,02,600 MTPA, together with working capital to support the larger throughput. Our zero waste and zero discharge processing model, under which Broken Wheat and Wheat Bran are monetised into cattle and poultry feed, remains central to how we run the business.”

Mr. Ikshit Shah, Director of Finaax Capital Advisors Private Limited expressed, “Peshwa Wheat Limited has recorded revenue from operations of ₹ 21,593.52 Lakhs in Fiscal 2026 against ₹ 8,812.98 Lakhs in Fiscal 2024, achieved on an installed base that was expanded only once over the period. The proposed deployment of Issue proceeds towards capacity expansion at the existing Indore site and towards working capital is aligned with a demand environment in which the processed food share of India's agri-food exports has risen from 14.9% in FY 2018 to 23.4% in FY 2024.”

About Peshwa Wheat Limited:

Peshwa Wheat Limited is an Indore-based integrated grain processing company. Operations run from a single integrated processing unit at Village Bijepur, Tehsil Depalpur, Indore, Madhya Pradesh, equipped with automated cleaning, sortex and roller-milling lines and an installed capacity of 56,100 MTPA, of which 50,546 MT was produced in Fiscal 2026 at a capacity utilisation of 90.10%. The Company mills and supplies six products — Atta – wheat flour, Sortex Wheat, Broken Wheat, Wheat Bran, Maize Flour and Gram Flour (Besan) — in 30 kg and 50 kg packs.

The whole of the Company's raw material is procured within Madhya Pradesh, direct from farmers who bring samples to the unit for testing, and sales are made in the B2B segment through super stockists, who accounted for ₹ 11,530.95 Lakhs or 53.40% of revenue from operations in Fiscal 2026, and through direct bulk customers at ₹ 10,062.57 Lakhs or 46.60%. Wheat bran arising in milling is sold into cattle and poultry feed, which the Company describes as a zero waste and zero discharge processing model. The unit operates under ISO 22000:2018 food safety management certification and FSSAI licences, with two-stage inbound testing, in-process control and batch-level finished goods checks.

The Company was originally formed as a partnership firm, M/s. Peshwa Wheat, under a Deed of Partnership dated September 13, 2017 and was converted into a public limited company on December 26, 2023. The Promoters are Rahat Ali Saiyed, Sadaf Saiyed, Shehnaj, Mo. Jed and Riyazuddin Qureshi.

In FY26, the Company achieved a Revenue from Operations of ₹ 21,593.52 Lakhs, EBITDA of ₹ 2,273.34 Lakhs & PAT of ₹ 1,580.82 Lakhs.

In FY25, the Company achieved a Revenue from Operations of ₹ 17,153.50 Lakhs, EBITDA of ₹ 1,804.59 Lakhs & PAT of ₹ 1,183.61 Lakhs.

Return on equity stood at 44.96% and return on capital employed at 33.44% in Fiscal 2026, with the debt-equity ratio at 0.55 times and net asset value per equity share at ₹ 31.37 as at 31 March 2026.








 

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Daily Astro

23-09-2026

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Aries

Ganesha says it will be an important day for you, Aries. Your energy and confidence are ready to take you to new heights. Today you will be able to express your thoughts with clarity, which will increase your communication skills. New opportunities may arise in the working areas, which you have to be ready to take advantage of. In social life, you can make new meetings, which will prove beneficial for you in the future. This day will be good for solving family issues, and you will be able to establish better relations with your close ones. In the field of health, take care of your routine and resort to yoga or meditation to relieve mental stress. Controlling your expenses will be a smart move, as any sudden financial need may arise. Overall, this day is for you to stay positive, just use your insight and energy properly.

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Pisces

Ganesha says it is going to be a positive day for you. Your sensitivity and intuition will flourish today, allowing you to establish better connections between yourself and others. It is time to connect with someone or refresh old memories. Try to communicate with people close to you, as it will strengthen your relationships. In the field of work, your creativity will be cyclical today. If you are working on a project, your ideas will be new and full of innovation. Do not be afraid to share your ideas, it will give you positive feedback from your colleagues. In terms of financial condition, avoid any big investments. Small expenses will prove to be justified but think well before making any big decisions for the long term. In terms of health, focus on a balanced diet and regular exercise. For mental health, practicing meditation or yoga will help keep you stress-free.

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Aquarius

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Capricorn

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Sagittarius

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Scorpio

Ganesha says today will be full of enthusiasm and energy. You will move towards achieving your goals, and your hard work will pay off. Social life will also be active; you will get a good chance to spend time with friends and family. In terms of health, take a little caution. Focusing on meditation and exercise will help reduce mental stress. This is also a good time to take up a new hobby, which can unleash your creativity. Take wise steps in terms of money. Make informed decisions while investing. For potential financial gains, take a look at past projects again. Your career is showing good signs of progress. Your ideas may be appreciated at the workplace, which will increase your confidence. Still, some issues may require restraint. Overall, today will prove to be positive and auspicious for you. Spend it with pride with your loved ones.

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Libra

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Virgo

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Leo

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Cancer

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Gemini

Ganesha says there will be a new energy and freshness in your thoughts, which will make your personality even more attractive. Social contacts are likely to increase, which will expand your network. You will be inspired to spend blissful time with your friends and family. Some positive changes can also be seen in the business sector. The results of your hard work will gradually start coming, and this will motivate you to move forward. Keep in mind that while sharing your ideology, work with empathy, this will strengthen your relationship with colleagues. It is important to be health conscious. A little attention and relaxation will give you mental freshness. Practicing yoga or meditation will be beneficial for you. This day will be full of positivity and new possibilities for you. Express your mind openly and do not hesitate to adopt new ideas.

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Taurus

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23-09-2026