Peshwa Wheat Limited has submitted a regulatory filing to BSE Limited pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"). The filing concerns the utilization of funds raised through the company's Initial Public Offering (IPO) for the quarter ended September 30, 2026.
The company confirms that there has been no deviation or variation in the utilization of the IPO proceeds from the objects stated in the offer documents. The statement was reviewed and approved by both the Audit Committee and the Board of Directors at their respective meetings held on November 13, 2026.
Key Financial Details
- IPO Date: September 29, 2026
- Amount Raised: ₹53.52 Crore
- Reporting Period: Quarter ended September 30, 2026
- Monitoring Agency: Brickwork Ratings India Private Limited
- Deviation/Variation: No
Fund Allocation and Utilization
| Object | Original Allocation (₹ Cr.) | Funds Utilized (₹ Cr.) | Deviation/Variation |
| Funding Capital Expenditure towards Purchase of Plant and Machineries | 6.70 | Nil | Not Applicable |
| Funding Capital Expenditure towards Civil Construction | 5.01 | Nil | Not Applicable |
| Funding Working Capital Requirements | 26.50 | Nil | Not Applicable |
| General Corporate Purposes | 8.01 | Nil | Not Applicable |
| Issue Expense | 7.30 | Nil | Not Applicable |
| Total | 53.52 | Nil | Not Applicable |
Explanation for Nil Utilization
The company allotted its equity shares on September 29, 2026, and listed its shares on October 1, 2026. Accordingly, as of September 30, 2026, the IPO proceeds were blocked and were not available for utilization by the company. This explains why no funds were utilized during the quarter and consequently, no deviation or variation was reported.