Peshwa Wheat shares hit a 20 percent lower circuit on October 16 after the exchange revised the limit from 5 percent. The stock traded at Rs 53.2 apiece by 11:45 am. Since its October 1, 2026 debut, the company shares have struggled, falling well below the original IPO issue price.
Peshwa Wheat shares hit 20% lower circuit on October 16 after the circuit revision of the SME stock to 20% from 5%.
At 11:45 am on October 16, Peshwa Wheat shares were trading 20% lower at Rs 53.2 apiece.
Peshwa Wheat shares made their stock market debut on October 1, 2026, listing at Rs 100 per share on BSE SME, compared with the IPO issue price of Rs 101 per share. The opening represented a discount of approximately 0.99%.
The listing followed the company’s Rs 53.52 crore SME IPO, which was open for subscription from September 24 to September 28, 2026. The IPO received an overall subscription of 2.77 times. Its price band was fixed at Rs 95 to Rs 101 per share. QIBs recorded 177.12 times subscription, individual investors subscribed 1.72 times, while the NII portion was subscribed 0.35 times.
Peshwa Wheat operates in the food-processing segment and processes wheat and other grain-based products, including atta, Sortex wheat, broken wheat, besan and maize flour.
Ever since its listing, the SME stock has been hitting 5% lower circuit until the circuit was revised to 20%.
Its integrated flour-processing facility in Indore has installed capacity of approximately 56,100 metric tonnes per annum.
Part of the IPO proceeds is earmarked for plant and machinery and civil construction, supporting additional processing infrastructure.
A substantial portion of the issue proceeds is intended to strengthen working capital, an important requirement in grain procurement and processing.