Overview
Updated 12 days agoPeshwa Wheat Limited is an Indore-based company engaged in the processing of wheat-based products like Atta, Sortex Wheat, Broken Wheat, and Wheat Bran, as well as trading of vegetables. The company operates a modern, integrated flour processing unit with an installed capacity of 56,100 MTPA and is planning to expand its capacity.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,21,200 |
| bNII (min) | 9 | 10,800 | ₹10,90,800 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 31 Oct, 16:42 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE |
| Segment | SME |
| Sector | Consumer Food |
| Price band | ₹95–101 |
| Final issue price | ₹101.00 |
| Face value | ₹10 per share |
| Lot size | 1,200 shares |
| Minimum investment | ₹1,21,200 |
| Issue size | ₹54.00 Cr |
| Market cap at upper band | ₹192 Cr |
| P/E at upper band | 8.8x |
| Registrar | Maashitla Securities Private Limited |
| Lead managers | Finaax Capital Advisors Private Limited |
| NSE symbol | PESHWA |
| ISIN | INE0SR101016 |
Shareholder quota and promoter holding
Company & business
Peshwa Wheat Limited, originally formed as a partnership firm in 2017 and converted into a public limited company in 2023, is primarily engaged in the processing of wheat-based products such as Atta, Sortex Wheat, Broken Wheat, and Wheat Bran, along with the trading of vegetables. The company operates a modern, integrated flour processing unit in Indore, Madhya Pradesh, with an installed capacity of 56,100 MTPA. Its products are sold in the B2B segment, primarily in Madhya Pradesh, Maharashtra, Karnataka, and Gujarat, catering to large-scale buyers and super stockists. The company emphasizes quality control and food safety, holding ISO 22000-2018 certification and FSSAI accreditation.
Objects of the issue — how the money will be used
- Funding Capital Expenditure towards Purchase of Plant and Machineries (₹6.69 Cr)
- Funding Capital Expenditure towards Civil Construction (₹5.01 Cr)
- Funding Working Capital Requirements (₹26.5 Cr)
- General Corporate Purposes
Key strengths
- Established Promoters and Skilled Management Team
- Integrated Processing Operations
- Strategic Procurement Relationship and strong Supply Chain
- Strong Focus on Quality and Food Safety Standards and maintaining Hygienic Processing Standards
Key risks
- Reliance on a limited number of customers for sales
- Reliance on a limited number of suppliers for raw material procurement
- Negative cash flows from operating, investing, and financing activities in previous years
- Geographical concentration of raw material procurement in Madhya Pradesh
- Requirement for controlled storage conditions for products
- Changing consumer behavior and preference for alternative grain-based products
- Dependence on related parties for raw material procurement
- Delays in filing forms with the RoC and other regulatory authorities
Promoters
Rahat Ali Saiyed, Sadaf Saiyed, Shehnaj, Mo. Jed, Riyazuddin Qureshi
Decoded from the RHP with AI on 01-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 43.79 | -- | 5.21 | 31.17 | 15.42 | 7.93 |
| FY25 | 171.54 | -- | 11.84 | 65.95 | 27.26 | 22.60 |
| FY26 | 215.94 | -- | 15.81 | 80.60 | 43.06 | 23.74 |
Key performance indicators · FY26
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| Peshwa Wheat this issue | 215.9 | 11.51 | 8.8x | 36.71 | 31.37 |
| Baba Foods Processing India Limited | 205.0 | 1.89 | 13.1 | 4.63 | 40.64 |
| Megastar Foods Limited | 532.6 | 8.11 | 40.9 | 8.97 | 90.42 |
This issue is priced at 8.8x P/E against a peer median of 27.0x: a discount of 68%. A measurement, not a verdict.
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Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.