Peshwa Wheat IPO: ₹54 Cr Plan to Boost Processing Power

Peshwa Wheat, an integrated grain processing company, has announced plans to raise ₹54 crore through an Initial Public Offering (IPO) on the BSE SME exchange. The company will issue new equity shares within a price band of ₹95 to ₹101 per share.

The proceeds from this public offering are earmarked for strategic investments. Specifically, ₹7 crore will be utilized for purchasing plant and machinery, ₹5 crore for civil construction, and a significant ₹26 crore will bolster the company's working capital requirements. The remaining funds will be allocated for general corporate purposes.

Established in 2023, Peshwa Wheat specializes in processing and supplying wheat-based products such as Atta, Sortex Wheat, and Besan. The company operates a state-of-the-art, integrated flour processing facility in Indore, Madhya Pradesh, with an installed annual capacity of 56,100 MTPA.

Its B2B business model caters to wholesalers, retailers, restaurants, and bulk buyers across Madhya Pradesh, Maharashtra, Karnataka, and Gujarat. Peshwa Wheat also engages in trading potatoes and tomatoes within Madhya Pradesh.

The company's operational model emphasizes sustainability, with wheat bran by-products being utilized as cattle feed, supporting a zero-waste approach. The IPO aims to enhance operational capabilities and strengthen the company's market presence.