Farm Peace
Farm Peace is a contract farming company based in Gujarat that specializes in growing processed-grade potatoes for food processing companies. The firm provides end-to-end agronomic support, certified seeds, and a 100% buy-back guarantee to its partner farmers.
Price Band
₹59 - ₹59
Lot Size
4000 Shares
Issue Size
₹32.00 Cr
Fresh Issue
₹32.00 Cr
OFS
N/A
Registrar
AI Sentiment Score
Listing Price
₹112.10
vs Issue: ₹59 (+90.00%)
📅 IPO Timeline
✓
Open
Sep 1
✓
Close
Sep 3
✓
Allotment
Sep 4
✓
Refund
Sep 7
✓
Demat
Sep 7
✓
Listing
Sep 8
✨ AI Analysis & Prediction
+101.5%
predicted listing gain
The predicted gain is adjusted downward from the GMP of 61.58% primarily due to the absolute absence of QIB demand (0.0x) and low retail interest. However, the risk is mitigated by a very small float size creating a potential scarcity squeeze and a strong 100% fresh issue structure with low debt.
💪 Strengths
- Strong ROCE of 26.64%
- Low Debt-to-Equity ratio of 0.26
- 100% Fresh Issue structure
⚠️ Weaknesses
- Zero QIB interest in the subscription phase
- Dependence on a single crop (potatoes)
🚀 Opportunities
- Expansion of processed food market in India
- Scaling contract farming to other regions
🛡️ Threats
- Agricultural risks such as pest attacks or climate change
- Fluctuations in raw material costs for farmers
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Funding incremental working capital requirements | ₹23.00 |
| General Corporate Purposes | ₹4.80 |
| Issue expenses | ₹4.20 |
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 62.55 Cr | Rs 79.24 Cr | Rs 90.47 Cr |
| Net Profit / PAT (₹ Cr) | Rs 6.16 Cr | Rs 6.66 Cr | Rs 7.53 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 9.27 Cr | Rs 9.26 Cr | Rs 12.48 Cr |
| Borrowings (₹ Cr) | Rs 7.12 Cr | Rs 2.46 Cr | Rs 11.28 Cr |
| Total Assets (₹ Cr) | Rs 31.76 Cr | Rs 69.32 Cr | Rs 99.85 Cr |
| ROCE % | 89.64% | 36.39% | 26.64% |
Company P/E
11.9x
Debt/Equity
0.26
📋 Live Subscription Status
QIB
0.00x
NII
1.73x
Retail
0.59x
Total
1.16x
Updated: Sep 8, 2026 5:03 PM
💼 Reservation Quota
QIB
0.00%
Retail
50.00%
NII
50.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Founded in October 2021, Farm Peace has rapidly evolved into a specialized player in the contract farming ecosystem. The company focuses on the cultivation of high-value, processed-grade potato varieties, including Santana, Frysona, Innovators, Lady Rosetta, and Chipsona, which are essential for the production of French fries and potato chips.
Its business model is built on a strategic partnership with farmers in Gujarat. Farm Peace minimizes farming risks by providing comprehensive support, including the supply of certified seeds, fertilizers, pesticides, and modern farming techniques. This vertically integrated approach ensures that the final produce meets the strict quality standards required by industrial food processors.
Operationally, the company manages the entire lifecycle of production, from initial soil preparation and seed selection to irrigation, pest management, and post-harvest handling. By guaranteeing the purchase of all potatoes produced under its contracts, the company secures a consistent supply chain for its B2B customers in the food processing sector.
The company is led by a promoter group consisting of Sandipkumar Narsinhbhai Patel, Sudhir Haribhai Patel, Girishbhai Faljibhai Patel, and Kulin Kiran Patel. Their combined expertise in the regional agricultural landscape has allowed the company to scale its operations and revenue consistently since its inception.
Farm Peace is launching a Fixed Price IPO to raise approximately ₹32 Crore, consisting entirely of a fresh issue. The IPO is priced at ₹59 per share with a minimum market lot of 4,000 shares, requiring an application amount of ₹2,36,000. The issue opened on September 1, 2026, and closed on September 3, 2026, with listing scheduled for September 8, 2026, on the BSE SME platform.
The proceeds from the fresh issue are earmarked for strategic growth, with ₹23.00 Crore allocated toward funding incremental working capital requirements, ₹4.80 Crore for general corporate purposes, and ₹4.20 Crore toward issue expenses. This 100% fresh issue structure is a positive signal as it indicates capital infusion into the business rather than promoter exits.
Financially, the company has demonstrated steady growth. Revenue increased from ₹62.75 Crore in 2024 to ₹90.84 Crore in 2026. Similarly, the Profit After Tax (PAT) grew from ₹6.16 Crore in 2024 to ₹7.53 Crore in 2026, reflecting a consistent upward trajectory in both top and bottom lines.
From a valuation perspective, the IPO is priced at a P/E ratio of 11.87 based on FY2026 earnings, which appears reasonable. However, the lack of listed peers makes a direct comparative valuation difficult. The company boasts a healthy ROCE of 26.64% and a low Debt-to-Equity ratio of 0.26, indicating efficient capital use and a strong balance sheet.
While the business model provides stability through buy-back guarantees and processed-grade specialization, investors should consider the inherent risks of contract farming, including crop failure due to weather or pests. Overall, the issue presents a growth-oriented opportunity in the agri-tech space with a conservative valuation.