QIB Portion on the first day received bids for 87.14 lakh shares against 49,200 shares on offer – QIB Portion got bids for Rs. 88 crore alone on first daywhile offline GMP reportedly jumps to ₹85–₹90

Peshwa Wheat Steals the SME IPO Spotlight: QIB Book Crosses 177 times, Issue Touches Full Subscription Within Hours

QIB Portion on the first day received bids for 87.14 lakh shares against 49,200 shares on offer – QIB Portion got bids for Rs. 88 crore alone on first daywhile offline GMP reportedly jumps to ₹85–₹90

Mumbai: In one of the busiest SME IPO weeks of the year, Peshwa Wheat Limited has emerged as the early standout, with institutional investors driving extraordinary demand within hours of the issue opening. India currently has around 10 SME IPOs open for subscription, while 13 SME issues are scheduled to tap the market during the September 21–25 week alone, making the competition for investor capital unusually intense. (IPOMarkets) Against that crowded backdrop, Peshwa Wheat’s ₹53.52-crore BSE SME issue moved to around full subscription on its very first day, led almost entirely by the Qualified Institutional Buyer boo

QIB Portion on the first day received bids for 177 times of the shares on offer. Against 49,200 shares available for QIB portion company received bids for 87.14 lakh shares with Rs. 88 crore bids for the QIB.

The Company is proposed to be listed on the BSE SME platform, with the tentative listing date scheduled for October 1, 2026. The IPO Price band is Rs. 95 – 101 per share of the issue of 52.99 lakh Equity Shares of face value Rs. 10 each, aggregating Rs. 53.52 crore. Exchange-linked subscription trackers showed Peshwa approaching 2 times overall subscription at day 1,

The real story, however, is institutional participation. At around 1 PM, Peshwa Wheat had attracted bids for roughly 48.5 lakh shares from QIBs, a figure almost equivalent to the company’s entire net public offer of roughly 50 lakh shares. Depending on the live update and the treatment of category allocations, contemporaneous trackers showed the QIB book at roughly 98–103 times subscribed, while the overall issue was between approximately 0.97x and 1.00x. (IPO Premium) That means institutional bid volume alone was sufficient to cover almost the entire issue in share terms, even though actual allotment remains restricted to the shares reserved for the QIB category.