Peshwa Wheat IPO Day 2: GMP ₹0

Welcome back, investors! It’s the second day of the Peshwa Wheat SME IPO on the BSE, and we’re here to bring you the latest on its subscription status and Grey Market Premium (GMP). As of today, September 25, 2026, the IPO, which opened yesterday, September 24th, and is set to close on September 28th, is seeing a subscription level of 0x across all categories. The issue price remains steady at ₹101 per share, with an expected listing price also at ₹101, and the GMP is currently at ₹0, unchanged from yesterday. Let’s dive deeper into what this means for you.

Subscription Status

Looking at the category-wise subscription, it’s a clean slate across the board. Retail investors, High Networth Individuals (HNIs) or Non-Institutional Investors (NIIs), and Qualified Institutional Buyers (QIBs) have all recorded 0x subscription so far. This means that as of Day 2, no shares have been applied for in any of these segments. Typically, by the second day, we’d expect to see at least some traction, especially in the retail segment. A 0x subscription across all categories at this stage can indicate a few things. It might suggest that investors are taking a wait-and-watch approach, perhaps waiting for more momentum or news before committing their funds. Alternatively, it could mean that the IPO is yet to gain significant visibility or generate buzz among potential applicants. For a SME IPO, which often relies on building investor confidence gradually, this initial slow uptake isn’t necessarily a red flag yet, but it’s something to keep a close eye on. The lot size for Peshwa Wheat is 1200 shares, so a single lot application would involve ₹1,21,200 (1200 shares * ₹101 issue price).

GMP Update

Now, let’s talk about the Grey Market Premium (GMP). The current GMP for Peshwa Wheat IPO stands at ₹0. Yesterday, it was also at ₹0. This lack of movement and the absence of any premium suggests that the market sentiment, at least in the unofficial GMP circles, is currently neutral. A positive GMP usually indicates strong demand and anticipation of a listing gain. A GMP of ₹0, especially when unchanged, means that the market isn’t pricing in any immediate gains over the issue price of ₹101. This could be a reflection of the subdued subscription numbers or a general market sentiment towards SME IPOs at this moment. The expected listing price remains at ₹101, which aligns perfectly with the GMP being at zero. This is a crucial point for potential investors to consider – the current market perception doesn’t point towards a significant listing pop.

Should You Apply?

So, the big question: should you apply for the Peshwa Wheat IPO? Based on the data from Day 2, it’s a mixed bag. The subscription figures are currently non-existent, and the GMP is flat at ₹0. This suggests a cautious market sentiment and no immediate speculative interest. However, it’s important to remember that this is a SME IPO, and they often build momentum in the final days of the subscription period. The fact that the GMP is ₹0 and the expected listing is at the issue price means there’s no immediate premium to chase. If you’re an investor looking for quick listing gains, this IPO might not be the most attractive option right now, given the current GMP. On the other hand, if you believe in the long-term prospects of Peshwa Wheat and its business model, and you’re comfortable with the risk associated with SME IPOs, then the current valuation might be an entry point. As always, it’s wise to do your own thorough research into the company’s fundamentals, financials, and future prospects. Remember, SEBI advisors often recommend investing based on strong fundamentals rather than just GMP or subscription levels. The bottom line is, proceed with caution and make an informed decision.

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