Farm Peace IPO
Listed +90.0%1–3 Sep 2026
Our IPO analysis
What stands out in the offer document
The five questions
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1How it makes money₹55 of every ₹100 of sales comes from its "Santana" segment.
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2Is it growing, and is profit turning into cash?Sales rose 45% from 2024 to 2026 (₹62.6 cr → ₹90.8 cr). Over 3 years it made ₹20.4 cr of profit and brought in −₹26.3 cr of cash from operations.
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3How much cushion does it have?It owes ₹0.26 for every ₹1 of its own money. The line for cement / steel / metals is ₹2.5.
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4What you pay, and who gets the moneyAll the money raised goes to the company. At ₹59 you pay about ₹12 for every ₹1 of last year's profit.
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5Who controls it, and what is on record?Promoters own 52% now and 39% after the IPO. The document discloses 1 legal matter.
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Latest update:
Listed at ₹112 vs ₹59 issue price (+90.0%) · Day-one close ₹107 · Subscribed 1.21× (NII 1.8× · Retail 0.6×) · Price band ₹59 · Closed 3 Sep 2026 · Listed 8 Sep 2026 (Confirmed)
How it actually listed
₹112 on open, against a ₹59 issue price +90.0%
It ended its first day at ₹107 (+80.5% against the issue price), per the BSE's price archive.
We were not recording a grey-market premium before it listed.
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.
Farm Peace financials
Rs crore · Annual| 2024 | 2025 | 2026 | ||
|---|---|---|---|---|
| Sales | 63 | 79 | 91 | |
| Operating Profit | 9 | 9 | 12 | |
| OPM % | 14.9% | 11.7% | 13.7% | |
| Net Profit | 6 | 7 | 8 | |
| Total Debt | 7 | 2 | 11 |
Farm Peace IPO offer structure
Total issue size: ₹32 cr, all of it a fresh issue.
There is no offer for sale: all the money goes to the company.
Size and split come from a public aggregator rather than the exchange, cross-checked against a second.
Use of proceeds- Funding our incremental working capital requirements: ₹23 cr
- General corporate purposes: ₹5 cr
Farm Peace promoters and holding
- Sandipkumar Narsinhbhai Patel: Managing Director
- Sudhir Haribhai Patel: Chairman and Non-Executive Director
- Girishbhai Faljibhai Patel: Non-Executive Director
- Kulin Kiran Patel: Chief Financial Officer
Farm Peace risks and strengths
- 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)
2 more the company lists
- 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
What was the Farm Peace IPO listing price?
The Farm Peace IPO listed at ₹112, 90% above its issue price of ₹59. The listing price is the opening price set by the pre-open call auction on listing day, as reported by the exchange. Listing price vs GMP for every recent IPO →
When does the Farm Peace IPO open and close?
The Farm Peace IPO opened for bidding on 1 Sep 2026 and closed on 3 Sep 2026. Under the T+3 timetable the basis of allotment is fixed on the working day after the close, refunds and demat credits follow a day later, and the shares list on the third working day after the close. Open, allotment and listing dates for every IPO →
What is the Farm Peace IPO price band?
The Farm Peace IPO is a fixed-price issue at ₹59 per share, so there is no band to bid within: every applicant pays the same price. The minimum investment is one lot at that price, and the shares on offer are allotted at it whatever the demand. What a fixed-price issue is →
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 issue price. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category. Lot size and minimum investment, explained →
How much is the Farm Peace IPO subscribed?
The Farm Peace IPO closed on 3 Sep 2026 subscribed 1.21× in total, the final figure: investors bid for that many times the shares on offer. Each category (QIB, NII and retail) is counted separately, and when retail is oversubscribed its allotment is decided by a lottery for one lot each. What "subscribed 3x" means →
When does the Farm Peace IPO list?
The Farm Peace IPO listed on 8 Sep 2026 on BSE SME. On listing day the shares go through a pre-open call auction from 9 to 10 am that sets the opening price, and normal trading starts at 10 am. Allotted shares reach demat accounts the working day before. Every SME IPO in one place →
How do I check the Farm Peace IPO allotment status?
On the allotment status page published by Bigshare Services, this issue's registrar, and on the exchange's basis of allotment. Those are the primary sources. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. We do not hold allotment data and cannot look yours up. Allotment status links for every recent IPO →
Farm Peace IPO allotment status
Listed 8 Sep 2026. Allotment is decided and published by the registrar, not by us. This issue's registrar is Bigshare Services.
Check your allotment on the registrar's own page ↗
We do not hold allotment data and cannot look yours up. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. How allotment is actually decided →
Check it at the source: The offer document · Bigshare Services (registrar) · BSE public issues · SEBI offer documents
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Source: Farm Peace IPO data, IPO agent by Kredfit, updated 19 Oct 2026. https://ipoagent.kredfit.com/ipo/farm-peace-limited-35127.htmlSource: <a href="https://ipoagent.kredfit.com/ipo/farm-peace-limited-35127.html">Farm Peace IPO data – IPO agent by Kredfit</a> (updated 19 Oct 2026)