Peshwa Wheat plans ₹53.52 crore SME IPO to fund flour-processing expansion
Indore-based Peshwa Wheat will open its BSE SME IPO on September 24, targeting up to ₹53.52 crore. Proceeds are earmarked for ₹26.50 crore of working capital, machinery and civil construction as the atta, wheat, besan and maize-flour processor expands across western and southern India.
What happened
Indore-based flour processor Peshwa Wheat plans a ₹53.52 crore BSE SME IPO to fund working capital, machinery and construction, expanding its atta, wheat, besan
Key facts
- IPO size: up to ₹53.52 crore
- Issue: 52.99 lakh shares
- Price band: ₹95-101 per share
- Working capital allocation: ₹26.50 crore
- Plant and machinery: ₹6.69 crore
What changed
Indore-based flour processor Peshwa Wheat plans a ₹53.52 crore BSE SME IPO to fund working capital, machinery and construction, expanding its atta, wheat, besan and maize-flour operations across western and southern India.
Why this matters
Peshwa Wheat’s proposed ₹53.52 crore SME IPO signals a capacity-and-working-capital push that could strengthen its flour-processing reach across western and southern India.
What to watch
- IPO subscription levels, pricing, listing performance and post-listing liquidity on the BSE SME platform.
- Timeline for plant, machinery and civil-construction deployment against the ₹11.70 crore allocation.
- Quarterly changes in wheat prices, gross margins, inventory days, receivable days and working-capital borrowing.
- New distributor appointments, geographic expansion and institutional/private-label customer wins.
- Capacity utilization and revenue growth after commissioning, especially versus pre-IPO operating levels.