From Flour to the Stock Market, Peshwa Wheat’s IPO to Open on September 24
Peshwa Wheat’s Big Market Move, Company to Raise ₹53.52 Crore Through IPO
A New Growth Journey for the Wheat Business, Peshwa Wheat IPO to Open on September 24
Mumbai (Anil Bedag): Peshwa Wheat Limited, a company engaged in the processing and supply of wheat-based products, is set to launch its ₹53.52 crore Initial Public Offering (IPO) on September 24, 2026. The issue will close on September 28, with the company’s equity shares proposed to be listed on the BSE SME platform. The price band for the IPO has been fixed at ₹95 to ₹101 per equity share.
The company is offering a total of 52.99 lakh equity shares, including a fresh issue of 50.04 lakh shares. The lot size for the IPO is 1,200 shares. At the upper price band, the minimum investment required for retail investors will be ₹1,21,200.
According to the company, the proceeds from the IPO will be utilised towards various business requirements, including ₹6.69 crore for plant and machinery, ₹5.01 crore for civil construction and ₹26.50 crore towards working capital requirements.
Rahat Ali Syed, Managing Director of the company, said, “The IPO marks an important milestone in our growth journey. Through investments in plant, infrastructure and working capital, we aim to strengthen our operational capabilities and expand our market reach.”
According to the company, offline market participants in Ahmedabad, Rajkot and Surat are indicating a grey-market premium of around ₹58–60 per share for the IPO.
