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Peshwa Wheat SME IPO Draws 177x QIB Demand
Peshwa Wheat is selling shares to the public through a small-company IPO.
On the first day, large institutional investors placed many more bids than the number of shares set aside for them.
Their bids covered about 177 times the available shares.
The IPO is priced between ₹95 and ₹101 per share.
It will close on September 28, 2026, and is planned to list on the BSE SME platform on October 1, 2026.
An unofficial market indicator called the grey market premium also increased, but it can change quickly and is not regulated.
The company reported ₹15.81 crore in profit after tax for FY26.
It plans to expand its processing capacity and spend the IPO money on business needs.
Peshwa Wheat’s ₹53.52-crore SME IPO received QIB bids for 177 times the shares available on Day 1.
Institutional investors bid for 87.14 lakh shares against 49,200 shares offered in the QIB category.
The IPO comprises 52.99 lakh shares priced between ₹95 and ₹101 each and closes on September 28, 2026.
The grey market premium reportedly rose to ₹85-₹90 from ₹58-₹60 before the issue opened.
Peshwa Wheat plans to use the fresh-issue proceeds for plant and machinery, construction, working capital and general corporate purposes.
- Who
- Peshwa Wheat Limited and investors, including Qualified Institutional Buyers.
- What
- Peshwa Wheat’s ₹53.52-crore SME IPO attracted QIB bids worth about 177 times the available shares on its opening day.
- Where
- The shares are proposed to be listed on the BSE SME platform.
- When
- The IPO opened on the reported Day 1, remains open until September 28, 2026, and is tentatively scheduled to list on October 1, 2026.
- Why
- The company is raising funds for plant and machinery, civil construction, working capital and general corporate purposes.
Key facts
- Issue size
- ₹53.52 crore
- IPO price band
- ₹95-₹101 per share
- QIB subscription
- 177 times; 87.14 lakh shares bid against 49,200 shares offered
- IPO closing date
- September 28, 2026
- Tentative listing date
- October 1, 2026
- FY26 profit after tax
- ₹15.81 crore, up approximately 34% year on year
- Current processing capacity
- 56,100 MTPA, with 90.01% utilisation in FY26
- Planned capacity addition
- 46,500 MTPA, potentially taking total capacity to approximately 1,02,600 MTPA
Sources
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