Peshwa Wheat IPO
Peshwa Wheat LimitedSME
This IPO closed on 28 Sep 2026.
- Open date
- 24 Sep 2026
- Close date
- 28 Sep 2026
- Min. Investment
- ₹2,42,400
- Lot Size
- -
- Fresh Issue
- ₹53.52 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- DRHP - PDF(opens in a new tab)
Subscription rate
- Qualified Institutional Buyers177.12x
- Non-Institutional Investors0.42x
- Retail-Individual Investors1.72x
- Total2.68x
Schedule
- Completed: IPO open date24 Sep 2026
- Completed: IPO close date28 Sep 2026
- Current step: Allotment date29 Sep 2026
- Upcoming: Funds unblock or debit30 Sep 2026
- Upcoming: Tentative listing date1 Oct 2026
About
Promoter shareholding in Peshwa Wheat Limited, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Rahat Ali Sayed | 24,50,000 | 17.85% | 24,50,000 | 12.88% |
| Sadaf Saiyed | 29,00,000 | 21.12% | 29,00,000 | 15.24% |
| Shehnaj | 21,38,000 | 15.57% | 21,38,000 | 11.24% |
| Mo Jed | 6,20,000 | 4.52% | 6,20,000 | 3.26% |
| Riyazuddin Qureshi | 18,60,000 | 13.55% | 18,60,000 | 9.77% |
Peshwa Wheat IPO Strengths & Risks
- 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 Relating to the Business: The company relies on a limited number of customers for its sales, and the loss of any major customer could adversely impact the company's revenue and profitability.
- Risks Relating to the Business: The company relies on a limited number of suppliers for product procurement, and the loss of any key supplier could impact its business operations.
- Risks Relating to the Business: The Company has reported certain negative cash flows from its operating activity, investing activity and financing activity, details of which are given below. Sustained negative cash flows could impact the company's growth and business.
- Risks Relating to the Business: The company's dependence on raw material procurement from a single state exposes it to operational and financial risks.
- Risks Relating to the Business: Wheat, Chana Dal, Maize Kernel and their flours requires controlled storage conditions, and any inadequacies in storage may lead to spoilage, infestation, or loss of product value, which could materially affect the company operations and financial results.
- Risks Relating to the Business: Changing consumer behaviour and preference for alternative grain based products may adversely affect the company's existing product portfolio and market position.
- Risks Relating to the Business: Variations in quality of raw materials may adversely affect overall quality of the company's product.
- Risks Relating to the Business: The company depends on a limited number of States for a significant portion of its revenue from operations. The loss of any of the company's major customer in these States due to any adverse development or significant reduction in business from its major customer may adversely affect the company's business, financial condition, results of operations and future prospects.
- Risks Relating to the Business: If the Company is unable to protect its intellectual property, or if the Company infringes on the intellectual property rights of others, its business may be adversely affected.
- Risks Relating to the Business: The company's Registered Office, Processing Unit and Warehouses from where the company operates are not owned by it but taken on Lease basis. The company's inability to renew the lease agreement or any adverse impact on the title or ownership rights of its owner/landlord in relation to these premises may impede the company operations.
- Risks Relating to the Business: The Company has entered into related party transactions with Riyazuddin Qureshi, one of the Promoters of the Company which are not in ordinary course of business without requisite prior Approvals.
- Risks Relating to the Business: Disruptions or inefficiencies in the company's supply chain and logistics network may adversely affect its operations and financial performance.
- Risks Relating to the Business: The company's Manufacturing facility relies on specialized machinery and any significant breakdown or delay in maintenance could disrupt its production.
- Risks Relating to the Business: The company's business operations are subject to fluctuations in raw material prices.
- Risks Relating to the Business: The company has working capital requirements. If its experience insufficient cash flows to make required payments on the company's debt or fund working capital requirements, there may be an adverse effect on its results of operations.
- Risks Relating to the Business: There are certain delays in filing forms with the RoC under the provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future for non-compliance with provisions of relevant act could impact the financial position of the Company to that extent.
- Risks Relating to the Business: There have been instances of delayed filings in the past with certain regulatory authorities with respect to filings related to GST returns, TDS dues and TCS dues. If the regulatory authorities impose any monitory penalties on it or take any punitive actions against the Company in relation to the same, its business, financial condition and results of operations could be adversely affected.
- Risks Relating to the Business: The company has received a demand notice from the Income Tax Department and a notice intimating discrepancies in its Goods and Services Tax ("GST") returns. Further, certain income tax notices have also been issued to the company's Promoters. Any liability arising pursuant to such notices may adversely affect its financial condition, cash flows, results of operations and reputation.
- Risks Relating to the Business: There have been instances of non-deposit of certain statutory dues i.e. ESIC. Any cognizance being taken by respective authorities on non-compliance in payment of statutory obligations may result in penalties, interest liabilities, or regulatory actions, which could adversely impact the company's business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: Dependence on related parties for procurement of raw materials could adversely affect the company's business, results of operations and financial condition.
- Risks Relating to the Business: The company is dependent on its Promoters, Directors and Key Managerial Personnel for their continuing services, strategic guidance and financial support. The company's success depends upon the continuing services of Promoters, Directors and Key Managerial Personnel who are the natural person in control of the Company.
- Risks Relating to the Business: The Company has unsecured loans which are repayable on demand.
- Risks Relating to the Business: Strikes, work stoppages or increased wage demands by the company's employees or any other kind of disputes with its employees/workmen in future could adversely affect the company's business and results of operations.
- Risks Relating to the Business: If the company is unable to effectively address the increased competition its anticipate, the company may lose market share and experience a decline in profits, which could negatively impact its business, operational results, and financial condition.
- Risks Relating to the Business: The company's business requires it to obtain and renew certain registrations, licenses and permits from government and regulatory authorities and the failures to obtain and renew them in a timely manner may adversely affect its business operations. The company requires a number of approvals, NOCs, licenses, registrations and permits in the ordinary course of its business. Some of the approvals are required to be obtained by its Issuer Company and any failures or delay in obtaining the same in a timely manner may adversely affect the company operations.
- Risks Relating to the Business: The company's Promoter Group Entity is engaged in the similar line of business activities as those undertaken by the Company, which may result in conflict of interest.
- Risks Relating to the Business: Failures to effectively execute the company's business strategy could negatively impact its operations and hinder the company's growth.
- Risks Relating to the Business: The company's insurance coverage may not be adequate to protect it against all potential losses to which the company may be subject to, and this may have a material adverse effect on its business.
- Risks Relating to the Business: If the company is unable to establish and maintain an effective system of internal controls and compliances, its business and reputation could be adversely affected.
- Risks Relating to the Business: The company's Promoter and the Promoter Group will jointly continue to retain majority shareholding in the Company after the Issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
- Risks Relating to the Business: Employee misconduct or errors, which can be difficult to detect, could negatively impact the company's financial condition, operational results, and reputation.
- Risks Relating to the Business: The Company has availed Inter Corporate Deposit from related party that may have adverse effect on the Company's business operations.
- Risks Relating to the Business: The Company has entered into certain related party transactions and may continue to do so in the future.
- Risks Relating to the Business: The average cost of acquisition of Equity shares by the company's Promoters is lower than the Issue price.
- Risks Relating to the Business: The capacity of the company processing unit is not fully utilized. Consequently, if there is also any under-utilization of its capacities in future, it could affect the company's ability to fully absorb fixed costs and thus may adversely impact its financial performance.
- Risks Relating to the Business: Failures to maintain product quality standards or keep up with technological advancements could negatively affect the company's business, financial performance, and operational results.
- Risks Relating to the Business: In addition to receiving regular remuneration, other benefits, and expense reimbursements, its Promoters and Directors have interests in the Company through their shareholding and entitlement to dividends. They are also interested in transactions conducted between the Company and themselves.
- Risks Relating to the Business: A shortage or non-availability of electricity may adversely affect the company processing unit operations and have an adverse effect on its business, results of operations and financial condition.
- Risks Relating to the Business: Dependence on debt and outflow of finance cost leads to outflow of cash flows and reduce overall profitability.
- Risks Relating to the Business: Majority of the company's Directors does not have any prior experience of being a director in any other listed company in India.
- Risks Relating to the Business: Compliance with and changes in safety, health and environmental laws and various labour, workplace and related laws and regulations impose additional costs and may increase the company's compliance costs and a such adversely affect its results of operations and the company's financial condition.
- Risks Relating to the Business: If the company is unable to service its debt obligations in a timely manner or to comply with various financial and other covenants and other terms and conditions of the company's financing agreements, it may adversely affect the company's business, prospects, results of operations and financial condition.
- Risks Relating to the Business: The company's lenders have charge over its movable and immovable properties in respect of finance availed by the company and its promoters, Directors and member of promoters group have provided their personal guarantee for such debt facility availed by the company.
- Risks Relating to the Business: The company intends to utilise the Net Proceeds for funding its capital expenditure requirements and the company is yet to place orders for some of its capital expenditure requirements. There is no assurance that the company would be able to source such capital expenditure requirements in a timely manner or at commercially acceptable prices.
- Risks Relating to the Business: Changes in technology may render the company's current technologies obsolete or requires it to make substantial investments.
- Risks Relating to the Business: The company's ability to pay any dividends will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
- Risks Relating to the Business: Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
- Risks Relating to the Business: The Issue price of the company's Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of the company's Equity Shares may decline below the Issue Price and you may not be able to sell your Equity Shares at or above the Issue Price.
- Risks Relating to the Business: The Objects of the Issue for which funds are being raised, are based on the company's management estimates and the same have not been appraised by any bank or financial institution or any independent agency. The deployment of funds in the project is entirely at the company discretion, based on the parameters as mentioned in the chapter titled as "Objects of the Issue".
- Risks Relating to the Business: In the event there is any delay in the completion of the Issue, or delay in schedule of implementation, there would be a corresponding delay in the completion of the objects of this Issue which would in turn affect the company's revenue and results of operations.
- Risks Relating to the Business: The company has not identified any alternate source of raising the funds required for the object of the Issue and the deployment of funds is entirely at the company discretion and as per the details mentioned in the chapter titled "Objects of the Issue".
- Risks Relating to the Business: The requirements of being a public listed company may strain its resources and impose additional requirements.
- Risks Relating to the Business: There is no guarantee that the company's Equity Shares will be listed on the relevant stock exchange in a timely manner or at all.
- Risks Relating to the Business: Estimates and forward-looking statement may prove to be inaccurate.
