Farm Peace IPO is a BSE SME fixed-price public issue of Farm Peace Limited. The IPO comprises a fresh issue of 54,24,000 equity shares aggregating to ₹32 crore. The issue price has been fixed at ₹59 per equity share, with the company’s shares proposed to be listed on the BSE SME platform.
The Farm Peace IPO opened for subscription on September 1, 2026 and closed on September 3, 2026. The basis of allotment was scheduled for September 4, followed by refund initiation and credit of shares on September 7. The tentative listing date is September 8, 2026.
Farm Peace Limited is an integrated contract farming company focused on processed-grade potato varieties. The company works with farmers under a buy-back model and supplies potatoes to food processing companies for products such as French fries, potato chips, flakes, powders and other potato-based products.
The company provides farmers with support covering seed selection, cultivation planning, agronomic practices, irrigation, pest management, harvesting and post-harvest activities. Its processed-grade potato varieties include Santana, Frysona, Innovator, Lady Rosetta and Chipsona.
Farm Peace has expanded its farmer network and cultivated area over recent years. During FY2026, the company reported revenue from operations of ₹90.84 crore and profit after tax of ₹7.53 crore. The business has benefited from increasing demand for processed potato products and its integrated farming and procurement model.
Investors should nevertheless consider the risks associated with agriculture and contract farming, including weather conditions, crop yields, commodity prices, farmer participation, working-capital requirements, supply-chain disruptions and customer concentration before making an investment decision.
Table of Contents
Farm Peace IPO Details Information
| Particular | Details |
|---|---|
| IPO Name | Farm Peace IPO |
| Company Name | Farm Peace Limited |
| IPO Type | Fixed Price Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹59 Per Share |
| Issue Size | ₹32 Crore |
| Fresh Issue | ₹32 Crore |
| Offer for Sale | Not Applicable |
| IPO Open Date | 1 September 2026 |
| IPO Close Date | 3 September 2026 |
| Anchor Investor Bidding | Not Applicable |
| Basis of Allotment | 4 September 2026 |
| Refund Initiation | 7 September 2026 |
| Shares Credited to Demat Account | 7 September 2026 |
| Listing Date | 8 September 2026 |
| Listing Exchange | BSE SME |
| Lot Size | 2,000 Equity Shares |
| Registrar | Bigshare Services Private Limited |
| Book Running Lead Manager | Socradamus Capital Private Limited |
The Farm Peace IPO is entirely a fresh issue of 54.24 lakh equity shares at a fixed price of ₹59 per share, aggregating to ₹32 crore. The issue also includes a market maker reservation portion. The company intends to use the IPO proceeds primarily for incremental working capital requirements and general corporate purposes.
Farm Peace IPO Dates
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | Not Applicable |
| IPO Opening Date | 1 September 2026 |
| IPO Closing Date | 3 September 2026 |
| Basis of Allotment | 4 September 2026 |
| Refund Initiation | 7 September 2026 |
| Shares Credited to Demat Account | 7 September 2026 |
| Listing Date | 8 September 2026 |
After the allotment process is completed, successful applicants will receive the allotted shares in their demat accounts before the company’s shares begin trading on the stock exchange. The Farm Peace IPO was scheduled to close on September 3, with allotment on September 4 and listing on September 8, 2026.
Farm Peace IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not Applicable |
| Non-Institutional Investors (NII) | 50% of Net Issue |
| Retail Individual Investors (RII) | 50% of Net Issue |
The Farm Peace IPO does not have a QIB reservation. The net issue is divided between non-institutional investors and retail individual investors, with each category receiving 50% of the net issue. A separate portion is reserved for the market maker.
Farm Peace IPO Lot Size
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 2 Lots (4,000 Shares) | ₹2,36,000 |
| Retail Maximum | 2 Lots (4,000 Shares) | ₹2,36,000 |
| S-HNI Minimum | 3 Lots (6,000 Shares) | ₹3,54,000 |
The application values shown above are calculated using the issue price of ₹59 per equity share. Since the SME IPO requires a minimum retail application of 4,000 shares, the minimum retail investment is ₹2,36,000. The minimum S-HNI application is 6,000 shares, requiring ₹3,54,000.
About Farm Peace Limited
Farm Peace Limited was incorporated in October 2021 and subsequently converted from a private limited company into a public limited company in 2024. The company operates from Ahmedabad, Gujarat and focuses on integrated contract farming of processed-grade potato varieties.
The company’s business model connects farmers with food processing companies through structured cultivation and buy-back arrangements. It provides farmers with suitable seeds, technical assistance and agronomic guidance while purchasing the cultivated produce for supply to processors.
Farm Peace focuses on potato varieties suitable for processing into French fries, chips, flakes, powders and other potato-based food products. Its key varieties include Santana, Frysona, Innovator, Lady Rosetta and Chipsona.
The company has expanded its farmer network and cultivation footprint over the years. The number of farmers engaged increased to 853 in FY2026, while the cultivated area reached approximately 5,660 acres. The company’s revenue from operations also increased to ₹90.84 crore in FY2026.
Business Operations
Farm Peace Limited operates an integrated contract farming model focused on the cultivation and supply of processed-grade potatoes.
• Contract Farming – The company works with farmers under structured farming arrangements and provides support for cultivation and procurement.
• 100% Buy-Back Model – Farm Peace follows a buy-back model intended to provide farmers with a defined market for their processed-grade potato produce.
• Seed Supply – The company provides suitable certified seed varieties based on the requirements of processors and regional farming conditions.
• Agronomic Support – Farmers receive guidance relating to land preparation, sowing, irrigation, crop protection, pest management and harvesting.
• Processed-Grade Potatoes – The company specialises in varieties such as Santana, Frysona, Innovator, Lady Rosetta and Chipsona.
• Post-Harvest Handling – Farm Peace supports grading, storage and post-harvest activities to maintain quality and minimise losses.
• Processor Supply – The company supplies potatoes to food processing companies that use the produce for French fries, chips, flakes, powders and other processed products.
• Technology-Enabled Monitoring – The company has developed the Farm Peace mobile application to support digitalisation and monitoring of its farming activities.
The integrated model enables Farm Peace to coordinate farmers, agricultural inputs, cultivation practices, procurement and processor requirements within its supply chain.
Industry Overview
India’s agriculture and food-processing sectors continue to benefit from changing consumer preferences, increasing demand for packaged foods, growth in organised food processing and rising consumption of processed potato products.
Potatoes are an important raw material for food-processing companies manufacturing French fries, chips, flakes, powders and other value-added products. Consistent quality and reliable procurement are important for processors, creating opportunities for organised agricultural supply-chain businesses.
Contract farming can help processors secure consistent raw-material supply while providing farmers with access to suitable seeds, technical guidance and structured procurement arrangements. The model can also reduce certain supply-chain inefficiencies and improve coordination between farmers and processors.
Farm Peace operates primarily within this processed-potato supply chain. Gujarat provides an important agricultural base for the company because of its suitable agro-climatic conditions for potato cultivation.
However, agricultural businesses remain exposed to weather conditions, crop disease, water availability, input prices, commodity-price movements, transportation costs and fluctuations in demand. Changes in government policies and agricultural regulations may also influence the sector.
Business Strategy
Farm Peace Limited intends to strengthen its integrated contract farming model and expand its farmer network while increasing the supply of processed-grade potatoes to food processing companies.
The company aims to deepen relationships with farmers by providing seeds, agronomic support and technical assistance. Its structured procurement and buy-back arrangements are intended to improve supply consistency and strengthen farmer relationships.
The company also intends to expand its cultivation area and production capacity while improving its post-harvest handling and supply-chain capabilities. Technology and digital tools are expected to support farmer engagement, crop monitoring and operational efficiency.
Farm Peace’s strategy is also focused on strengthening relationships with processors and increasing the availability of processed-grade potato varieties. By expanding its farmer network and improving supply-chain coordination, the company seeks to build a scalable farm-to-processor business model.
Farm Peace IPO Financial Information
A company’s financial performance provides valuable insights into its revenue growth, profitability, operational efficiency and financial stability. Reviewing financial statements over multiple years helps investors understand how the business has expanded and how effectively it has generated earnings from its operations.
Farm Peace Financial Summary
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue from Operations | ₹62.75 Crore | ₹79.98 Crore | ₹90.84 Crore |
| Total Income | ₹62.75 Crore | ₹79.98 Crore | ₹90.84 Crore |
| EBITDA | ₹9.27 Crore | ₹9.26 Crore | ₹12.48 Crore |
| Profit Before Tax (PBT) | ₹8.91 Crore | ₹9.65 Crore | ₹10.58 Crore |
| Profit After Tax (PAT) | ₹6.16 Crore | ₹6.66 Crore | ₹7.53 Crore |
| Net Worth | ₹9.04 Crore | ₹35.95 Crore | ₹43.48 Crore |
| Total Borrowings | ₹7.12 Crore | ₹2.46 Crore | ₹11.28 Crore |
The company has reported growth in revenue and profitability during the last three financial years. Revenue from operations increased from ₹62.75 crore in FY2024 to ₹90.84 crore in FY2026, while PAT increased from ₹6.16 crore to ₹7.53 crore.
Farm Peace’s net worth increased substantially to ₹43.48 crore in FY2026. Borrowings stood at ₹11.28 crore during FY2026, compared with ₹2.46 crore in FY2025. Investors should evaluate these financial results together with working-capital requirements, agricultural risks, customer relationships and future expansion plans.
Farm Peace IPO Key Performance Indicators (KPIs)
Key Performance Indicators help investors assess the company’s profitability, operational efficiency, financial strength and capital utilisation. These financial ratios provide additional insights into the company’s overall business performance.
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 18.96% |
| Return on Capital Employed (ROCE) | 26.64% |
| Return on Net Worth (RONW) | 17.32% |
| EBITDA Margin | 13.74% |
| PAT Margin | 8.41% |
| Debt-to-Equity Ratio | 0.26 |
| Earnings Per Share (EPS) | ₹4.97 |
| Net Asset Value (NAV) Per Share | ₹28.69 |
| Price to Earnings (P/E) | 11.87x |
The company’s FY2026 indicators show an ROE of 18.96%, ROCE of 26.64%, EBITDA margin of 13.74% and PAT margin of approximately 8.41%. The debt-to-equity ratio stood at 0.26.
At the issue price of ₹59 per share, the valuation is approximately 11.87 times FY2026 earnings on the pre-issue EPS calculation. Investors should consider these indicators along with the company’s growth prospects, working-capital needs and agricultural business risks.
Objects of the Farm Peace IPO
The company intends to utilise the net proceeds from the fresh issue for the following purposes:
• Funding incremental working capital requirements.
• General corporate purposes.
A substantial portion of the IPO proceeds is intended to support the company’s incremental working capital requirements. Working capital is important for the company because its operations involve agricultural inputs, farmer-related payments, procurement, storage and supply-chain activities.
The remaining proceeds are proposed to be used for general corporate purposes. Since the IPO is entirely a fresh issue, the funds raised through the issue will be available to the company for the stated purposes after adjusting the applicable issue expenses.
Farm Peace IPO Listing Performance
The listing performance reflects how the company’s shares perform on the stock exchange after the IPO. As the Farm Peace IPO is scheduled to list on September 8, 2026, the actual opening and closing prices are not yet available.
| Particular | Value |
|---|---|
| Listing Exchange | BSE SME |
| Listing Date | 8 September 2026 |
| Issue Price | ₹59 Per Share |
| Listing Price | To be updated |
| Listing Gain | To be updated |
| Listing Gain (%) | To be updated |
The listing performance will be available after the company’s shares commence trading on the BSE SME platform. Investors should focus on the company’s long-term business performance rather than relying solely on short-term listing movements.
Farm Peace IPO Subscription Status
The subscription figures indicate the level of investor participation received during the IPO bidding period. The Farm Peace IPO received demand from non-institutional and retail investors during its three-day bidding period.
The issue was subscribed approximately 1.21 times overall by the close of bidding, with NII participation stronger than retail participation.
Farm Peace IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | Not Applicable |
| Non-Institutional Investors (NII) | 1.83x |
| Retail Individual Investors (RII) | 0.59x |
| Employee Category | Not Applicable |
| Total Subscription | 1.21x |
The final subscription figures indicate that the NII category was subscribed 1.83 times, while the retail category was subscribed 0.59 times. Overall, the net issue received approximately 1.21 times subscription.
Farm Peace IPO Review
Farm Peace Limited operates an integrated contract farming business focused on processed-grade potatoes. Its business model connects farmers with food processing companies and combines cultivation support, procurement, quality management and supply-chain activities.
One of the company’s key strengths is its contract farming and buy-back model. Farm Peace provides farmers with seeds and technical assistance and purchases the harvested produce according to its procurement arrangements. This approach can help create a more structured supply chain for both farmers and food processors.
The company has also expanded its farmer network and cultivation area. During FY2026, it engaged approximately 853 farmers covering around 5,660 acres, while revenue from operations reached ₹90.84 crore. The growth in cultivated area and farmer participation provides a foundation for potential future expansion.
Financial performance has shown steady improvement. Revenue from operations increased from ₹62.75 crore in FY2024 to ₹90.84 crore in FY2026, while PAT increased from ₹6.16 crore to ₹7.53 crore. FY2026 EBITDA stood at ₹12.48 crore.
The company’s profitability indicators are also notable, with ROE of 18.96% and ROCE of 26.64% in FY2026. The debt-to-equity ratio of 0.26 indicates relatively moderate leverage based on the reported FY2026 figures.
At ₹59 per share, the issue is valued at approximately 11.87 times FY2026 earnings on a pre-issue basis. The valuation needs to be assessed alongside the company’s relatively small scale, agricultural exposure, working-capital requirements and the risks associated with weather and crop production.
The IPO received approximately 1.21 times overall subscription, with NII subscription of 1.83 times and retail subscription of 0.59 times. The mixed category-wise response indicates that investor participation was stronger among non-institutional investors than retail applicants.
Overall, Farm Peace IPO provides exposure to an integrated contract farming and processed-potato supply-chain business. The company’s growing farmer network, buy-back model, financial growth and exposure to food-processing demand are positive factors. However, investors should carefully evaluate agricultural risks, working-capital requirements, customer dependence, crop conditions and the company’s relatively small operating scale before making an investment decision.
Farm Peace IPO Strengths
• Integrated contract farming model with structured farmer engagement and buy-back arrangements.
• Focus on processed-grade potato varieties used by food processing companies.
• Growing farmer network, with approximately 853 farmers engaged during FY2026.
• Cultivation footprint increased to approximately 5,660 acres during FY2026.
• End-to-end agricultural support covering seed selection, cultivation, crop management and post-harvest activities.
• Technology-enabled operations supported by the Farm Peace mobile application.
• Revenue from operations increased from ₹62.75 crore in FY2024 to ₹90.84 crore in FY2026.
• FY2026 PAT of ₹7.53 crore and EBITDA of ₹12.48 crore.
• Strong FY2026 ROE and ROCE of 18.96% and 26.64%, respectively.
• Exposure to growing demand for processed potato products such as French fries and chips.
Farm Peace IPO Risk Factors
• Agricultural operations are exposed to adverse weather conditions, crop disease and changes in climatic conditions.
• Lower crop yields could affect the availability and procurement of processed-grade potatoes.
• Rising costs of seeds, fertilisers, labour, transportation and other agricultural inputs may affect profitability.
• The company requires working capital to support farmer-related activities, procurement and supply-chain operations.
• Changes in potato prices and market conditions may affect margins and procurement economics.
• Dependence on food processing companies creates customer and demand-related risks.
• Disruptions in storage, transportation and post-harvest handling may affect product quality and delivery.
• The company operates in a competitive agricultural and food supply-chain environment.
• Changes in government policies, agricultural regulations or procurement practices may affect operations.
• The company has a relatively short operating history compared with established agricultural and food-processing companies.
• Future growth depends on successfully expanding the farmer network, cultivated area, processor relationships and operational capabilities.
Farm Peace IPO Promoters
Farm Peace Limited has been promoted by Sandipkumar Narsinhbhai Patel, Sudhir Haribhai Patel, Girishbhai Faljibhai Patel and Kulin Kiran Patel. The promoters have experience across agriculture, contract farming, pharmaceuticals, trading and related business activities.
Sandipkumar Narsinhbhai Patel serves as the Managing Director and has experience in agriculture processing, contract farming and exports. Sudhir Haribhai Patel is the Chairman and Non-Executive Director, while Girishbhai Faljibhai Patel serves as a Non-Executive Director. Kulin Kiran Patel is the Chief Financial Officer and promoter.
Farm Peace IPO Promoters Details
| Promoter | Designation |
|---|---|
| Sandipkumar Narsinhbhai Patel | Promoter |
| Sudhir Haribhai Patel | Promoter |
| Girishbhai Faljibhai Patel | Promoter |
| Kulin Kiran Patel | Promoter |
The promoters and promoter group held approximately 73.96% of the company before the IPO. Following the fresh issue, the promoter and promoter group shareholding is expected to be diluted to approximately 54.46%.
Farm Peace IPO Management Team
The company is led by a management team with experience in agriculture, contract farming, finance, business operations and corporate governance. The management team oversees the company’s agricultural operations, farmer relationships, procurement activities, financial management and strategic development.
| Name | Designation |
|---|---|
| Sandipkumar Narsinhbhai Patel | Managing Director |
| Sudhir Haribhai Patel | Chairman & Non-Executive Director |
| Girishbhai Faljibhai Patel | Non-Executive Director |
| Maulik Raghuvir Ajara | Independent Director |
| Neha Agarwal | Independent Director |
| Kulin Kiran Patel | Chief Financial Officer |
| Dharaben Chirag Patel | Company Secretary & Compliance Officer |
The management team combines experience in agriculture and contract farming with finance, accounting and corporate governance capabilities. The company’s official management disclosures identify Sandipkumar Narsinhbhai Patel as Managing Director and Kulin Kiran Patel as Chief Financial Officer.
Farm Peace IPO Registrar Details
The registrar is responsible for processing IPO applications, finalising the basis of allotment, crediting equity shares to successful applicants, initiating refunds and handling investor-related services.
| Particular | Details |
|---|---|
| Registrar Name | Bigshare Services Private Limited |
| Website | bigshareonline.com |
| IPO Allotment Status | Bigshare IPO Allotment Status Portal |
| Email ID | [email protected] |
| Contact Number | +91 22 6263 8200 |
Bigshare Services Private Limited is the registrar to the Farm Peace IPO. Investors can check their allotment status through the registrar’s official platform after the basis of allotment is finalised.
Farm Peace IPO Lead Manager Details
The Book Running Lead Manager is responsible for managing the IPO process, coordinating regulatory compliance and assisting the company throughout the public issue.
| Particular | Details |
|---|---|
| Lead Manager | Socradamus Capital Private Limited |
| Contact Number | +91 22 4961 4235 |
| Email ID | Available through the lead manager’s official IPO communication |
| Website | socradamus.in |
Socradamus Capital Private Limited is the Book Running Lead Manager for the Farm Peace IPO.
Farm Peace Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Farm Peace Limited |
| Registered Office | 12, Manu Panchal Industrial Estate, Nr. Indira Nagar, Amraiwadi Road, Ahmedabad – 380 026, Gujarat, India |
| Website | farmpeace.in |
| Email ID | [email protected] |
| Contact Number | 079 – 2991 7018 |
Farm Peace Limited is headquartered in Ahmedabad, Gujarat. The company’s official investor disclosures provide its registered office, contact number and investor communication details.
How to Check Farm Peace IPO Allotment Status
Investors can check the IPO allotment status after the basis of allotment is finalised through the registrar’s website or the BSE IPO portal.
Through Bigshare Services Private Limited
- Visit the official Bigshare IPO allotment portal.
- Select Farm Peace IPO from the IPO list.
- Choose PAN Number, Application Number, or DP/Client ID.
- Enter the required details.
- Click Submit to view the allotment status.
Through BSE
- Visit the official BSE IPO allotment page.
- Select Farm Peace IPO from the list of IPOs.
- Enter your PAN Number or Application Number.
- Complete the verification process if required.
- Click Search to view the allotment result.
The allotment for the Farm Peace IPO was scheduled for September 4, 2026, with refund initiation and share credit scheduled for September 7, 2026.
Farm Peace IPO Conclusion
Farm Peace IPO provides investors with an opportunity to participate in an integrated contract farming company focused on processed-grade potato cultivation and supply.
The company has developed a structured business model connecting farmers with food processing companies and provides agricultural inputs, technical support, procurement and post-harvest assistance. Its farmer network and cultivated area have expanded significantly, supporting the company’s growth strategy.
Farm Peace has also reported steady financial growth, with revenue from operations reaching ₹90.84 crore and PAT reaching ₹7.53 crore in FY2026. The company reported ROE of 18.96%, ROCE of 26.64% and a debt-to-equity ratio of 0.26 for FY2026.
The IPO proceeds are primarily intended to fund incremental working capital requirements and general corporate purposes. Stronger working-capital availability could support expansion of the company’s farmer network and procurement operations.
However, investors should also consider agricultural and operational risks, including weather conditions, crop yields, input costs, working-capital requirements, customer concentration, competition and fluctuations in demand for processed potato products.
A detailed assessment of the company’s financial performance, IPO valuation, business model, industry outlook, promoter background and risk factors can help investors determine whether the Farm Peace IPO is suitable for their investment objectives.
Farm Peace IPO FAQs
What is Farm Peace IPO?
Farm Peace IPO is the SME public issue of Farm Peace Limited. The company operates an integrated contract farming business focused on processed-grade potato varieties and supplies produce to food processing companies.
What is the price of Farm Peace IPO?
The Farm Peace IPO issue price is fixed at ₹59 per equity share.
What is the issue size of Farm Peace IPO?
The total issue size of the Farm Peace IPO is ₹32 crore, consisting of a fresh issue of 54.24 lakh equity shares.
When did the Farm Peace IPO open?
The Farm Peace IPO opened for subscription on September 1, 2026.
When did the Farm Peace IPO close?
The Farm Peace IPO closed for subscription on September 3, 2026.
What is the lot size of Farm Peace IPO?
The market lot size is 2,000 equity shares. However, the minimum retail application requires 4,000 shares, or two lots, resulting in a minimum investment of ₹2,36,000 at the issue price of ₹59.
On which stock exchange will Farm Peace shares be listed?
Farm Peace Limited’s shares are proposed to be listed on the BSE SME platform, with the tentative listing date set for September 8, 2026.
Who is the registrar for the Farm Peace IPO?
Bigshare Services Private Limited is the registrar to the Farm Peace IPO.
What does Farm Peace Limited do?
Farm Peace Limited operates an integrated contract farming business focused on processed-grade potato varieties such as Santana, Frysona, Innovator, Lady Rosetta and Chipsona. It supplies potatoes to food processing companies and provides farmers with seeds, technical assistance and cultivation support.
What are the objects of the Farm Peace IPO?
The company intends to utilise the IPO proceeds primarily for funding its incremental working capital requirements and for general corporate purposes.
