Farm Peace IPO under the SME IPO category is a fixed price issue of Rs. 32 Cr by Farm Peace Limited, which is an integrated contract farming business that specializes in processed-grade potato varieties such as Lady Rosetta, Frysona, Santana, Innovators, and Chipsona. French fries, chips, and other value-added items are made from these potatoes.
The company, which operates under the "Farm Peace" brand, works closely with Gujarati farmers using a 100% buy-back approach. To help farmers increase yields and lower risks, it offers approved seeds, agronomic assistance, fertilizers, herbicides, and contemporary agricultural methods including drip irrigation. In exchange, it guarantees that they would purchase their produce at predetermined prices, shielding them from changes in the market.
Every step of the process—seed selection, soil preparation, irrigation, pest control, harvesting, and post-harvest handling—is supported by the company. It guarantees that high-quality product reaches processors without loss through cold storage and temperature-controlled logistics.
Farm Peace IPO Details
The Farm Peace IPO date of opening is 01 Sep 2026; its initial public offering will end on 03 Sep, IPO allotment on Sep 04 and refund initiation on Sep 07, 2026.
The Rs. 32 crore new SME IPO comprises a wholly fresh issue of 0.54 crore shares.
The Farm Peace IPO listing date (expected) might be Tuesday, Sep 08, 2026, and the listing on the BSE and SME.
The Farm Peace IPO price band is Rs. 59.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Sep 01, 2026 |
|
IPO Closing Date |
Sep 03, 2026 |
|
IPO Allotment Date |
Sep 04, 2026 |
|
Refund Initiation |
Sep 07, 2026 |
|
IPO Listing Date |
Sep 08, 2026 |
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Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
99.84 |
69.32 |
31.76 |
|
Total Income |
90.84 |
79.98 |
62.75 |
|
Profit After Tax |
7.53 |
6.66 |
6.16 |
|
EBITDA |
12.48 |
9.26 |
9.27 |
|
Net Worth |
43.48 |
35.95 |
9.04 |
|
Reserves and Surplus |
28.32 |
32.16 |
6.52 |
|
Total Borrowing |
11.28 |
2.46 |
7.12 |
Cash Flows
(Amount in Lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
(717.29) |
(1,757.16) |
(154.20) |
|
Net Cash Flow Investing Activities |
(2.08) |
230.14 |
(364.34) |
|
Net Cash Flow Financing Activities |
724.79 |
1,530.45 |
487.44 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Funding incremental working capital requirements. ~ Rs. 23 Cr.
- General Corporate Purposes. ~ Rs. 4.80 Cr.
- Issue expenses. ~ Rs. 4.20 Cr.
- General Corporate Purposes.
Listed Peers of Farm Peace Ltd.
No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.
Valuation
|
KPI |
Value (Mar 31, 2026) |
|
ROE |
18.96% |
|
ROCE |
26.64% |
|
Debt/Equity |
0.26 |
|
RoNW |
17.32% |
|
PAT Margin |
8.41% |
|
EBITDA Margin |
13.74% |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 4.97 from the last year, the resulting P/E ratio is 11.87x.
|
Valuation Metric |
Pre IPO |
Post IPO |
|
EPS (₹) |
4.97 |
3.66 |
|
P/E (x) |
11.87 |
16.12 |
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IPO's Strengths
- 100% Buy-Back Guaranteed Contract Farming Model
- Gujarat's Agroclimatic Advantage for Processing-Grade Potato Production
- A robust and growing network of farmers and a long-lasting partnership with Buia
- End-to-end farming assistance that includes post-harvest planning.
IPO's Weaknesses
-
The business depends on verbal agreements with farmers. This could affect procurement and operations and result in non-performance, disagreements, or shortages of supplies, especially if market prices are higher than agreed upon.
-
Certain climatic conditions are necessary for processing-grade potato growth. Crop output and quality may decrease while input prices rise due to droughts, unseasonal rains, floods, heat waves, hailstorms, pests, and illnesses.
-
Gujarat is the primary location for supply-chain operations, contract farming, procurement, agriculture, and cold storage. Operations may be disrupted by regional problems such as unfavorable weather, political or regulatory changes, labor unrest, transportation interruptions, and infrastructure bottlenecks, with limited capacity to relocate to other states because of particular soil and climate needs.
Farm Peace IPO GMP
Farm Peace IPO GMP today is Rs. 0 as of 29 August 2026, while writing this information.
Farm Peace IPO Summary
|
IPO Opening & Closing Date |
01 Sep, 2026 to 03 Sep, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 59 per Share. |
|
Lot Size |
2000 Shares |
|
Issue Size |
54,24,000 Shares (Rs. 32 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
51,52,000 Shares (Rs. 30 Cr) |
|
Market Makers |
2,72,000 Shares (Rs. 2 Cr) |
|
Issue Type |
Fixed Price Issue |
|
Registrar |
Bigshare Services Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (4000 Shares) for Rs. 2,36,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (6000 Shares) for Rs. 3,54,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Farm Peace IPO Allotment Status
To check the Farm Peace IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Farm Peace Ltd.
-
Sandipkumar Narsinhbhai Patel
-
Sudhir Haribhai Patel
-
Girishbhai Faljibhai Patel
-
Kulin Kiran Patel.
|
Pre-Issue Promoter Shareholding |
73.96% |
|
Post-Issue Promoter Shareholding |
54.46% |
IPO Lead Managers
- Socradamus Capital Pvt. Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
Farm Peace IPO offers a 100% buy-back contract farming model, strong ROCE of 26.64%, and consistent profitability, supporting its business fundamentals. However, negative operating cash flows, dependence on Gujarat, climatic risks, and reliance on verbal agreements with farmers remain key concerns. At an issue price of ₹59 and post-IPO P/E of 16.12x, investors should evaluate the company's growth potential alongside these operational and cash-flow risks before investing.
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