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Peshwa Wheat Launches Rs 53.5 Crore SME IPO for Expansion
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News18•21-09-2026, 20:00
Peshwa Wheat Launches Rs 53.5 Crore SME IPO for Expansion
- •Peshwa Wheat is set to open a Rs 53.5 crore SME IPO on September 24 to fund the expansion of its processing infrastructure and strengthen its B2B presence.
- •The IPO will run from September 24 to September 28, with shares listed on the BSE SME platform and a tentative listing date of October 1, 2026.
- •The price band for the IPO is fixed at Rs 95-101 per share, with the issue being entirely a fresh issue of up to 52.99 lakh equity shares.
- •Proceeds will be used for working capital (Rs 26.50 crore), plant and machinery purchases (Rs 6.69 crore), civil construction (Rs 5.01 crore), and general corporate purposes.
- •Peshwa Wheat, incorporated in 2023, processes and supplies various wheat-based products, reporting a total income of Rs 215.96 crore in FY26 and a profit after tax of Rs 15.81 crore.
Key Questions Answered
The initial public offering for Peshwa Wheat is scheduled to open for public subscription on September 24 and will conclude on September 28, 2026.
The price band for the IPO has been fixed at Rs 95-101 per share, with the company aiming to raise approximately Rs 53.5 crore through a fresh issue of up to 52.99 lakh equity shares.
Peshwa Wheat will allocate Rs 26.50 crore toward working capital requirements, Rs 6.69 crore to purchase plant and machinery, and Rs 5.01 crore for civil construction, with the remainder designated for general corporate purposes.
