Peshwa Wheat IPO

About Peshwa Wheat IPO

The offer consists of a fresh issue. The fresh issue will include up to 55,00,000 equity shares of ₹10/- each aggregating to ₹ [-] crores. The total number of shares and aggregate amount are up to 55,00,000 equity shares of ₹10/- each aggregating to ₹ [-] crores.

Peshwa Wheat Price is set at TBA per share. The lot size for an application is TBA. The minimum amount fo investment required by retail investors is ₹XX (XX shares) (based on upper price). The minimum lot size investment for HNI is TBA.

The Peshwa Wheat IPO opens on TBA and closes on TBA. The allotment of shares will take place on TBA. The credit of shares to the demat account will take place on TBA. The initiation of refunds will take place on TBA. The listing of shares will take place on TBA.

Peshwa Wheat is engaged in the business of processing wheat based products such as Atta – wheat flour, Sortex Wheat, Broken Wheat, and processing of other flour products such as Gram Flour (Besan) and Maize Flour. The company has a presence in the packing product segment (50 kg and 30 kg). They also utilize the by-products and waste materials, such as wheat bran generated during our manufacturing process for cattle feed. This approach ensures that their processing unit operates with zero waste and zero discharge.

Objectives of Peshwa Wheat IPO

• Funding capital expenditure towards purchase of plant and machinery.
• Funding capital expenditure towards civil construction.
• Funding working capital requirements.
• General corporate purposes.

Industry Outlook

The ‘Agriculture and Allied Activities’ sector has long been the backbone of the Indian economy, playing a vital role in national income and employment. This sector contributes approximately 16 per cent of the country’s GDP for FY241 (PE) at current prices and supports about 46.1 per cent of the population. Not only does its performance directly impact food security, but it also influences other sectors, sustaining livelihoods and supporting economic growth. In recent years, the agriculture sector in India has shown robust growth, averaging 5 percent annually from FY17 to FY23, demonstrating resilience despite challenges. In the second quarter of the FY25 year, the agriculture sector recorded a growth rate of 3.5 percent.

Peshwa Wheat Company Information

The company currently operates with a modern, integrated flour processing unit equipped with advanced milling and cleaning technology located in Indore, Madhya Pradesh with an installed capacity of 56100 MTPA. Their operations are rooted in delivering good quality and hygienically processed flour products, supported by stringent quality control measures.

Their products are sold to Super Stockists who supply to wholesalers and further the same is distributed among retailers and to customers who purchase their products in bulk quantity. This model allows us to cater to the needs of large scale buyers and establish long term business relationships. Their company is also engaged in the business of trading vegetables such as potatoes and tomatoes.

Strengths of Peshwa Wheat

• 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.

Risks of Peshwa Wheat

• The company relies on a limited number of customers for its sales.
• The company relies on a limited number of suppliers for product procurement.
• Dependence on raw material procurement from a single state.
• Changing consumer behaviour and preference for alternative grain based products.
• Business operations are subject to fluctuations in raw material prices.

**The Company was a Partnership Firm until 25th December 2023 and was subsequently converted into a Public Limited Company under the name 'Peshwa Wheat Limited. For comparative purposes, the full financial figures for the FY 2023- 24 have been considered.

Notes: i. Source-All the financial information for listed industry peers are sourced from their audited financial results for the year ended March 31, 2025 as available on the stock exchange.
ii. Market Price for the listed peer mentioned above is sourced from stock exchange data dated December 11, 2025 to compute the corresponding financial ratios.
iii. P/E Ratio is based on the current market price of the respective scripts.
iv. The EPS, NAV, RoNW and Total Income of the Company are taken as per Restated Financial Statement.
v. NAV per share for listed peers is computed as the Total Equity as on March 31, 2025 divided by the outstanding number of equity shares as on March 31, 2025.
vi. RoNW has been computed as net profit after tax divided by closing net worth.
vii. Net worth has been computed in the manner as specifies in Regulation 2(1) (hh) of SEBI (ICDR) Regulations, 2018.
**The details shall be provided post the fixing of the price band by the Company at the stage of the Red Herring Prospectus or the filing of the price band advertisement.

Anchor Investor Bidding Date: TBA

Registrar: Maashitla Securities Private Limited
Book Running Lead Managers: Finaax Capital Advisors Private Limited

Peshwa Wheat Business Model

The company earns its revenue through the processing of wheat based products such as Atta – wheat flour, Sortex Wheat, Broken Wheat and processing of other flour products such as Gram Flour (Besan) and Maize Flour. They also engage in the business of trading vegetables such as potatoes and tomatoes. They sell their products through Super Stockists and Direct to Customers.

Peshwa Wheat Growth Trajectory

The company’s Total Income was ₹171.549 crores in FY2025, ₹43.807 crores in FY2024, and ₹14.189 crores in FY2023.

Their Profit After Tax was ₹11.836 crores in FY2025, ₹5.211 crores in FY2024, and ₹0.533 crores in FY2023.

EBITDA was ₹18.046 crores in FY2025, ₹6.905 crores in FY2024, and ₹1.777 crores in FY2023.

Peshwa Wheat Market Position

The Company benefits from fully integrated processing operations, which encompass the entire value chain—from procurement of raw material to production, packaging, storage, and dispatch of finished products. This integrated model enhances operational efficiency, ensures consistent product quality, and strengthens cost competitiveness.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹171.549 crores, ₹11.836 crores, and ₹18.046 crores, respectively.

How to apply for Peshwa Wheat IPO?

• Step 1: Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.