Peshwa Wheat is launching its ₹53.5 crore SME IPO on the BSE platform, with bidding open from September 24 to September 28. The Indore-based grain processor intends to use the funds for working capital and capacity expansion, following a period of revenue growth. Investors should be aware of the inherent risks associated with SME public offerings.
Peshwa Wheat, an Indore-based company focused on grain processing, is preparing for its Initial Public Offering (IPO) on the BSE SME platform. The company aims to raise ₹53.5 crore by issuing 52.99 lakh equity shares. The price band for the issue has been fixed between ₹95 and ₹101 per share. Investors will be able to bid for the shares starting September 24, 2026, and the subscription window will remain open until September 28, 2026.
The capital raised is primarily designated for growth and operational needs. The company plans to allocate ₹26.50 crore toward working capital requirements, which is essential for managing daily business operations and inventory. Additionally, ₹6.69 crore will be spent on new plant and machinery, while ₹5.01 crore is earmarked for civil construction projects. This indicates the firm is in a phase of scaling its physical infrastructure to support its B2B grain processing business.
Founded in 2023, Peshwa Wheat manages an integrated facility with an annual processing capacity of 56,100 metric tonnes. Its product portfolio includes common staples such as wheat flour (atta), maize flour, besan, and broken wheat. The company has reported financial expansion recently, with total income rising to ₹215.96 crore in the fiscal year 2026, up from ₹171.55 crore in the previous year. Profit after tax also improved, reaching ₹15.81 crore from ₹11.84 crore in the prior fiscal period.
Investors considering SME IPOs should note that these companies often have a shorter operational history, and Peshwa Wheat, established only in 2023, is no exception. Companies in the grain processing sector are also susceptible to raw material price volatility, which can influence profit margins. Furthermore, SME shares typically experience lower trading volumes compared to mainboard stocks, potentially impacting the ease of buying or selling shares in the secondary market. Managing Director Rahat Ali Saiyed noted that the fresh capital is aimed at improving operational efficiency and expanding the company's footprint in the competitive B2B market.
Finaax Capital Advisors is managing the issue, with Maashitla Securities serving as the registrar. The company’s shares are tentatively scheduled to debut on the BSE SME platform on October 1, 2026. Investors should track the post-listing performance and the company's ability to execute its expansion plans within the projected timeline.