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Peshwa Wheat Shares Plunge 20 Percent After Circuit Revision
- •Peshwa Wheat shares hit a 20 percent lower circuit on October 16 following a circuit limit revision from 5 percent.
- •The SME stock has declined by 46 percent since its market debut on October 1, 2026, when it listed at a slight discount.
- •The company operates in the food-processing segment, offering products like atta, besan, and maize flour from its Indore facility.
- •The IPO raised Rs 53.52 crore with an overall subscription of 2.77 times, driven heavily by qualified institutional buyers.
- •A major portion of the IPO proceeds, around Rs 26.50 crore, is allocated toward strengthening working capital needs.
Key Questions Answered
Peshwa Wheat shares hit a 20 percent lower circuit at Rs 53.2 apiece on October 16, 2026, after the SME stock's circuit limit was revised from 5 percent to 20%. Since making its stock market debut on October 1, 2026, the stock has declined by 46 percent.
The Rs 53.52 crore SME IPO received an overall subscription of 2.77 times. Qualified institutional buyers recorded 177.12 times subscription, individual investors subscribed 1.72 times, and the NII portion saw a 0.35 times subscription.
Peshwa Wheat processes wheat and grain-based products like atta, besan, and maize flour via its integrated facility in Indore, which has a capacity of 56,100 metric tonnes per annum. The company allocated approximately Rs 26.50 crore for working capital, Rs 6.69 crore for plant and machinery, and Rs 5.01 crore for civil construction.
