{
  "type": "article",
  "title": "Peshwa Wheat Sets Rs 53.52-Crore SME IPO to Open on September 24: Check Lot Size, Price Band, and Key Details",
  "summary": "Wheat processor Peshwa Wheat has announced its Rs 53.52-crore SME initial public offering scheduled to open on September 24 at a price band of Rs 95 to Rs 101 per share.",
  "content": "Agri-processing company Peshwa Wheat Ltd is scheduled to launch its Rs 53.52-crore initial public offering on September 24, seeking to raise funds for its working capital requirements and production facility upgrades. The bidding window for market participants will remain open through September 28, paving the way for the company to enter the public markets via the small and medium enterprises platform.\n\nPrice Band, Lot Size, and Investment Thresholds\nThe company has established a price band ranging between Rs 95 and Rs 101 per equity share for the issue. Its equity shares are slated for quotation on the BSE SME platform, with listing expected to take place on October 1. Because SME offerings follow distinct market mechanisms compared to standard mainboard listings, prospective participants face a considerably higher capital commitment.\n\nThe issue specifies a market lot size of 1,200 shares. Individual retail applicants are mandated to apply for a minimum of two lots, establishing an entry threshold of 2,400 shares per retail bid. Calculated at the ceiling valuation of Rs 101 per share, meeting this minimum two-lot obligation requires an outlay of Rs 2,42,400. For non-institutional bidders, the entry hurdle is set even higher at 3,600 shares, translating into a financial commitment of Rs 3,63,600 at the upper end of the stated price band.\n\nIssue Structure and Intermediaries\nThe total offering encompasses 52.99 lakh equity shares. This transaction is structured entirely around fresh capital formation, comprising 50.04 lakh shares issued directly by the company, alongside an allotment of 2.95 lakh shares earmarked specifically for market-making obligations.\n\nWithin the fresh offering, the retail category has been allocated 25.03 lakh shares, representing 50.02% of the net public issuance. Management of the transaction is being handled by Finaax Capital Advisors, which serves as the sole book-running lead manager. Registry and allocation processing duties have been entrusted to Maashitla Securities, while Bhansali Value Creations has been engaged to act as the issue's designated market maker.\n\nAllocation of Proceeds and Operational Focus\nManagement plans to channel the lion's share of the net capital raised toward stabilizing and expanding day-to-day operations. Out of the total fresh proceeds, Rs 26.50 crore has been specifically earmarked to satisfy working capital demands. In the agricultural processing sector, regular cash liquidity is essential for purchasing bulk raw wheat, maintaining inventory, and handling processing lead times before receivable realization.\n\nIn addition to balance sheet liquidity, capital expenditure has been scheduled to enhance production capacity and civil infrastructure. Peshwa Wheat has allocated Rs 6.69 crore toward procuring and installing plant and machinery, while Rs 5.01 crore is budgeted for civil construction activities. Any financial balance remaining after funding these core requirements will be deployed toward general corporate activities to support long-term corporate initiatives.\n\nFinancial Performance and Operational Metrics\nAudited figures demonstrate rapid revenue and profit expansion across recent fiscal periods. For FY26, Peshwa Wheat booked total income of Rs 215.96 crore, marking notable top-line expansion against the Rs 171.55 crore recorded in FY25.\n\nOperational profitability kept pace with revenue gains. Earnings before interest, taxes, depreciation, and amortization (EBITDA) expanded to Rs 22.73 crore in FY26 from Rs 18.05 crore in the prior fiscal period. Net profit after tax (PAT) moved higher as well, advancing from Rs 11.84 crore in FY25 to Rs 15.81 crore in FY26.\n\nThese operational results translated into an EBITDA margin of 10.53% and a net PAT margin of 7.32% for FY26. Return ratios remained elevated; by March 2026, the company posted a return on equity (ROE) of 44.96% alongside a return on capital employed (ROCE) of 33.44%. Its balance sheet reflected a debt-to-equity ratio of 0.55, illustrating a manageable leverage profile where operational expansion is financed via a blend of debt facilities and accumulated net worth.\n\nBusiness Profile and Commercial Prospects\nEstablished in 2023, Peshwa Wheat operates in the core agricultural milling and processed food sector. The enterprise functions from an industrial manufacturing site located in Indore, which maintains an annual installed processing capacity of 56,100 metric tonnes. Operating within Madhya Pradesh places the business in direct proximity to prominent wheat-growing belts and grain trading markets.\n\nIn contrast to consumer-packaged food producers that rely heavily on branded supermarket retail channels, Peshwa Wheat directs its output predominantly through wholesale B2B pipelines. The firm supplies bulk processed flour and grain derivatives to commercial enterprises, bakeries, and wholesale distributors spanning four Indian states.\n\nFollowing its market debut, the company's long-term commercial trajectory will depend heavily on its ability to effectively scale capacity utilization at its Indore facility, shield margins from open-market grain price volatility, and maintain strict working capital discipline across its distribution network.\n\nWhat this means for you\nThe capital requirements and structure of the Peshwa Wheat SME IPO directly govern investor accessibility and regional commercial trade.\n\n• For retail stock investors: Retail applicants must commit at least Rs 2,42,400 for 2,400 shares across two market lots at the upper band. This substantially higher financial threshold restricts entry compared to standard mainboard IPOs where ticket sizes typically hover around Rs 15,000.\n• In Madhya Pradesh and Indore: Expansion of the 56,100 metric tonne processing plant provides agricultural markets in Indore with sustained institutional demand for raw grains. This helps support regional supply chain activity and logistics employment around local grain trade hubs.\n• For B2B commercial buyers: Channeling Rs 26.50 crore directly into operational working capital allows the processor to secure raw inventory reliably across four states. Wholesale commercial clients gain improved supply dependability for high-volume grain derivatives.\n• For market participants: With 50.02% of the net issue reserved for retail bidders and 2.95 lakh shares allocated to the designated market maker, secondary market liquidity will depend heavily on market-maker participation following the October 1 listing.\n\nWhy this happened\nPeshwa Wheat is tapping the public capital markets to secure ongoing operational liquidity and finance key facility upgrades.\n\n• Intensive working capital demands: Agricultural milling necessitates substantial upfront cash deployment to purchase raw wheat crops in bulk and maintain stable warehouse reserves. Allocating Rs 26.50 crore toward working capital directly addresses these ongoing cash cycle demands.\n• Plant modernization and civil expansion: To support operations at its 56,100 metric tonne facility in Indore, the enterprise requires capital investment in modern infrastructure. The business has earmarked Rs 6.69 crore for machinery procurement alongside Rs 5.01 crore for civil construction.\n• Scaling off recent financial gains: Strong fiscal growth, featuring FY26 revenue of Rs 215.96 crore and net profit of Rs 15.81 crore, provided the operational platform for public listing. High return on equity of 44.96% and manageable leverage of 0.55 positioned the company to seek equity capital.\n\nQuestions & Answers\n\n1. When does the Peshwa Wheat IPO open and close for subscription?\nThe issue opens for public subscription on September 24 and closes on September 28.\n\n2. What is the price band established for the public issue?\nThe company has set a price band ranging from Rs 95 to Rs 101 per equity share.\n\n3. What is the minimum application size required for retail investors?\nRetail bidders must apply for at least two market lots comprising 2,400 shares, which costs Rs 2,42,400 at the upper price limit.\n\n4. Where will the shares be listed and what is the expected listing date?\nThe equity shares are scheduled to list on the BSE SME platform on October 1.\n\n5. How does the company plan to deploy the net proceeds from the IPO?\nThe firm will allocate Rs 26.50 crore to working capital, Rs 6.69 crore to plant and machinery, Rs 5.01 crore to civil construction, and the remainder to general corporate purposes.\n\n6. What were the financial results recorded by the company for FY26?\nPeshwa Wheat reported total income of Rs 215.96 crore and a profit after tax of Rs 15.81 crore for FY26.",
  "url": "https://trendkia.com/en/money/peshwa-wheat-ka-53-52-karora-rupaye-ka-sme-ipo-24-sitnbara-ko-khulega-jane-price-band-aura-lot-size-ki-puri-janakari-35933",
  "category": "Money",
  "publishedAt": "2026-09-21",
  "tags": [
    "Peshwa Wheat",
    "SME IPO",
    "BSE SME",
    "Price Band",
    "Stock Market",
    "Indore"
  ],
  "language": "en",
  "site": "TrendKia"
}