Peshwa Wheat IPO
Peshwa Wheat IPO is an SME IPO raising ₹54 Cr at ₹95 – ₹101 a share. It listed on 1 Oct 2026 at ₹100, −0.9% against its issue price of ₹101, and trades at ₹37 today (−63.4% since issue). It was subscribed 2.67× in total.
2.7 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs101 + OFS by subtraction from exchange total Rs54 Cr. Checked: exchange issue size Rs54 Cr vs derived Rs54 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 67% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Baba Foods Processing India Limited | 13.1× | 4.63% | ₹1.89 |
| Megastar Foods Limited | 40.93× | 8.97% | ₹8.11 |
| This issue | 8.8× | 36.71% | ₹11.51 |
derived: cut-off price Rs101 / stated EPS Rs11.51 (FY ending March 31, 2026, basic & diluted EPS (post bonus), restated consolidated). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.