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Farm Peace

Upcoming
BSE SME via aggregator

1–3 Sep 2026

Expected Allotment 4 SepRefund 7 SepListing 8 Sep
Price band ₹59
GMP
Subscribed
Min to apply (retail) ₹2,36,000 2000 shares, one lot at the cap
↓ Download IPO analysis PDF

Updated 2026-08-28 (IST)

Offer document (PROSPECTUS) ↗not cross-checked

What Farm Peace does

We are an integrated contract farming company specializing in processed-grade potato varieties like Santana, Frysona, Innovators, Lady Rosetta, and Chipsona, supplying processing companies for manufacturing French fries, chips, and other potato-based products.

EBITDA margin
13.7%
Debt / Equity
0.26x
OFS share
0%
[!] Low promoter holding: Promoters hold 38.6% after the issue. Promoters hold under half the company after the issue.
[~] Profit not converting to cash: Operating cash flow is -95% of profit after tax. Less than half of reported profit arrived as cash — usually receivables or inventory build.
[+] Strong revenue growth: Revenue compounded 20% a year over 2 years. Revenue compounding above 20% a year.
[~] Margins compressing: EBITDA margin declined across the reported years.

Farm Peace financials

Rs crore  ·  Annual

Latest year highlighted in green. Sparklines show the trend.

202420252026
Sales 637991
Operating Profit 9912
OPM % 14.9%11.7%13.7%
Net Profit 678
Total Debt 7211

Farm Peace IPO offer structure

Fresh issue: ₹32 cr

The offer-for-sale component is not stated in what we extracted from the offer document, so the full issue size and the split between the two are unknown. This figure is the fresh issue alone, not the total raise. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.

Issue size and split come from a public aggregator rather than the exchange, cross-checked against a second one. The offer document states the offer-for-sale as a share count against a blank amount, so it cannot be read from the document itself.

Use of proceeds

Farm Peace promoters and holding

Before IPO 52.4%
After IPO 38.6%

Farm Peace strengths and risks

Company-stated strengths and disclosed risk factors from the offer document.

Strengths
  • Contract Farming Model with 100% Buy-Back Assurance (p.189)
  • Agro-Climatic Advantage of Gujarat for Processing-Grade Potato Cultivation (p.190)
  • Strong and Expanding Farmer Network and Building long lasting relationship (p.190)
  • End-to-End Farming Support covering planning to post-harvest (p.191)
  • Experienced Promoters and Management Team (p.192)
Risks
  • Our Company does not enter into formal contracts with farmers and operates through verbal arrangements. (p.26)
  • Dependence on seasonal and climatic conditions for processed-grade potato cultivation may expose us to risks of reduced yield. (p.27)
  • Concentration of our operations in Gujarat exposes us to regional risks. (p.28)
  • Any significant dependence on third-party suppliers for seeds may expose us to risks relating to availability, quality, and timely supply of inputs. (p.28)
  • Our dependence on frozen potato manufacturers and snack producers for the sale of processed-grade potatoes may expose us to risks arising from limited market coverage. (p.29)

Farm Peace market and competition

The competitive landscape of contract farming is shaped by the increasing involvement of agribusiness corporations, cooperatives, and multinational companies aiming to secure consistent, high-quality raw materials. As companies like ITC, HyFun Foods, PepsiCo, McCain, etc. are major players in this, there is increasing number of SMEs as well which will increase the competition in industry.

Farm Peace outlook, as the document states it

We plan to expand our acreage under contract farming to over 7,000 acres, engaging 1100+ farmers by FY 2027. Our company intends to deepen engagement with existing processing clients and simultaneously onboard new institutional buyers, particularly in the French fry, snack, and starch manufacturing segments. We will explore crop diversification (e.g., groundnut and watermelon) to enable multi season utilization of resources.

Farm Peace IPO: common questions

When does the Farm Peace IPO open and close?

The Farm Peace IPO is open from 1 Sep 2026 to 3 Sep 2026.

What is the Farm Peace IPO price band?

The price band is ₹59 per share.

What is the lot size and minimum investment for the Farm Peace IPO?

One lot is 2000 shares, and a retail application must be at least one lot. That is about ₹2,36,000 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.

When are the Farm Peace IPO allotment and listing dates?

Not published yet. Derived from the close date on the usual timetable: allotment around 4 Sep 2026, refund/unblock around 7 Sep 2026 and listing around 8 Sep 2026. Treat these as estimates until the exchange confirms them.

How do I apply for the Farm Peace IPO?

Through any broker app or your bank's net banking, using a demat account and a PAN. You bid in lots at a price inside the band, or at cut-off. The money is blocked in your account, not debited, until allotment. One application per PAN. Bidding opens 1 Sep 2026. We do not recommend brokers and carry no broker links. How to apply, start to finish →

Sources & method

Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.

Grey-market premium (GMP) is unregulated.

Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → Has GMP actually been right? →

How often do these actually open above the issue price?

Of the 701 SME IPOs that have listed on the NSE since 2016, 557 (79%) opened above their issue price, at a median of +11%. That is the segment's own record, not a forecast for this issue.