Reviewed by BuyUnlistedShares Research Desk
Farm Peace Limited, a Gujarat-based integrated contract farming company that supplies processing-grade potatoes to frozen food, quick-service restaurant, and snack manufacturing customers, is opening its ₹32 crore initial public offering on September 1, 2026. The SME issue is a 100% fixed-price fresh issue of equity shares and closes on September 3, 2026. This review covers the offer structure, financials, business model, and the strengths and risks disclosed in the offer documents, so you can form your own view before the issue closes.
Farm Peace IPO: Quick Overview
Issue Size | ₹32 crore (54,24,000 shares) |
Fresh Issue | 54,24,000 shares — ₹32 crore (100% of the issue) |
Issue Price | ₹59 per equity share (fixed price) |
Face Value | ₹10 per equity share |
Lot Size | 2,000 equity shares |
Minimum Investment | ₹2,36,000 (2 lots / 4,000 shares — minimum for individual investors) |
Open Date | September 1, 2026 |
Close Date | September 3, 2026 |
Bigshare Services Private Limited is the registrar for the IPO and will manage allotment, refunds, and other investor-related processes. Socradamus Capital Private Limited is the lead manager coordinating the issue. The equity shares are proposed to be listed on the BSE SME platform, with a tentative listing date of September 8, 2026.
About Farm Peace
Incorporated in October 2021, Farm Peace Limited is an integrated contract farming company specialising in the supply of processing-grade potato varieties, including Santana, Frysona, Innovators, Lady Rosetta, and Chipsona, to processing firms. The company also supplies processing-grade potatoes to frozen food manufacturers, snack companies, and other processing units.
Farm Peace operates a 100% buy-back model for processing-grade potatoes: it procures farmers' produce at pre-agreed prices and specified quality parameters, which reduces farmers' exposure to open-market price volatility. The company operates primarily in Gujarat, across the districts of Sabarkantha, Aravalli, Mehsana, and Banaskantha, and engaged 853 farmers across these four districts in FY26. As of FY26, the company cultivated over 5,660 acres and produced 61,680 metric tonnes of potatoes annually. Its operations are supported by the Farm Peace mobile application, used for farmer KYC, seed distribution, and recording field-level activities, along with leased cold storage facilities and temperature-controlled logistics in Gujarat. The company holds FSSAI registration and follows protocols consistent with ISO 9001:2015 quality management standards. The promoters are Sandipkumar Narsinhbhai Patel, Sudhir Haribhai Patel, Girishbhai Faljibhai Patel, and Kulin Kiran Patel.
Financial Performance of Farm Peace
Figures below are in ₹ crore, drawn from the company's offer document disclosures for the year ended March 31, 2026.
• Total Income: Grew from ₹79.98 Cr in FY25 to ₹90.84 Cr in FY26, an increase of about 14%.
• Profit After Tax: Grew from ₹6.66 Cr in FY25 to ₹7.53 Cr in FY26, an increase of about 13%.
• EBITDA: ₹12.49 Cr in FY26.
• Borrowings: Outstanding borrowings stood at ₹11.28 Cr as of March 31, 2026.
Strengths of Farm Peace
• Buy-back contract model. The 100% buy-back arrangement with farmers, at pre-agreed prices and quality parameters, provides revenue visibility and helps secure a consistent raw material supply.
• Established farmer network. Engaged 853 farmers across four Gujarat districts in FY26, reflecting a scaled sourcing base built over several growing seasons.
• Technology-enabled operations. The Farm Peace mobile application supports farmer KYC, seed distribution, and field-level activity tracking, aiding traceability and operational control.
• Supporting infrastructure. Leased cold storage and temperature-controlled logistics in Gujarat help manage the perishability of the potato supply chain.
• Quality certifications. FSSAI registration and adherence to ISO 9001:2015-aligned protocols support credibility with processing-industry customers.
Risks of Farm Peace
• Geographic concentration. Operations are concentrated in four districts of Gujarat, making the business sensitive to region-specific weather, water availability, and agricultural conditions.
• Single-crop dependency. Revenue is centred on processing-grade potato varieties, exposing the business to crop-specific yield, pest, and price-realisation risks.
• Customer concentration in processing industry. Reliance on frozen food, QSR, and snack manufacturing customers means demand is tied to a relatively narrow set of end industries.
• Outstanding borrowings. The company carried borrowings of ₹11.28 Cr as of March 31, 2026, alongside its working-capital-intensive agri-supply-chain operations.
• SME listing characteristics. As an SME issue, the stock may see lower post-listing trading volumes compared with mainboard-listed companies.
How to Apply in Farm Peace IPO
1. Log in to your broker's platform or your bank's net banking application that supports ASBA.
2. Search for 'Farm Peace Limited' in the IPO section and open its detail page.
3. Review the issue price, lot size, and dates one more time before applying.
4. Select the number of lots (minimum 2 lots, in multiples of 2,000 shares) at the fixed issue price of ₹59.
5. Submit the application using your registered UPI ID and approve the mandate request when it arrives, before the deadline on the closing date.
The application amount stays blocked in your bank account via ASBA/UPI and is debited only on allotment. You can also apply through net banking ASBA directly.
Frequently Asked Questions
Ques 1: What is Farm Peace IPO?
Ans : Farm Peace IPO is a fixed-price SME issue worth ₹32 crore, priced at ₹59 per share. It opens on September 1, 2026, and closes on September 3, 2026, and is proposed to list on the BSE SME platform. Bigshare Services Private Limited is the registrar.
Ques 2: What is the issue price for Farm Peace IPO?
Ans : Farm Peace IPO is a fixed-price issue set at ₹59 per equity share, with a face value of ₹10 per share.
Ques 3: What is the lot size for Farm Peace IPO?
Ans : The lot size is 2,000 shares, and individual investors must apply for a minimum of 2 lots (4,000 shares).
Ques 4: What is the minimum investment required?
Ans : The minimum investment is ₹2,36,000, based on the fixed issue price for 2 lots (4,000 shares).
Ques 5: When does Farm Peace IPO open and close?
Ans : The IPO opens on September 1, 2026 and closes on September 3, 2026.
Ques 6: When is the Farm Peace IPO allotment date?
Ans : The allotment is expected to be finalised on September 4, 2026.
Ques 7 : When will Farm Peace shares list?
Ans : Farm Peace is expected to list on September 8, 2026, on the BSE SME platform.
Ques 8: Is Farm Peace IPO a fresh issue or an offer for sale?
Ans : It is a 100% fresh issue of 54,24,000 equity shares aggregating up to ₹32 crore, with no offer-for-sale component.
Ques 9: What does Farm Peace do?
Ans : Farm Peace is an integrated contract farming company that supplies processing-grade potato varieties to frozen food manufacturers, snack companies, and other processing units, operating a 100% buy-back model with farmers in Gujarat.
Ques 10: How will the Farm Peace IPO proceeds be used?
Ans : The fresh issue proceeds are proposed to be used for funding incremental working capital requirements and general corporate purposes, as detailed in the offer documents.
Disclaimer:
This is written for educational and informational purposes only. Nothing here constitutes investment advice or a recommendation to buy or sell securities. All data is sourced from publicly available information. Investments in securities markets are subject to market risks — please read all offer documents carefully before investing.