In Progress
Valuation
Market Cap
₹121.42 Cr
P/E Ratio
11.87x
P/B Ratio
2.06x
Farm Peace IPO Dates
Open
Close
Allotment
Refunds
Credit
Listing
Business Overview
Farm Peace Limited, incorporated in October 2021 and based in Ahmedabad, Gujarat, is an integrated contract farming company specialising in processing-grade potato varieties such as Santana, Frysona, Innovator, Lady Rosetta and Chipsona, supplied to processors of French fries, chips, wafers, flakes and other value-added products. Operating under the "Farm Peace" brand on a 100% buy-back model, it provides farmers certified seeds, agronomic guidance, pest management, harvesting support and pre-agreed pricing that reduce market and yield uncertainty. As of March 31, 2026 it engaged over 850 farmers across roughly 5,660 acres, up from 3,200 acres in FY2024, with an ISO 9001:2015 certified quality system.
Lots & IPO Size
Farm Peace IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 4,000 | ₹2,36,000 |
| Ind (Max) | 2 | 4,000 | ₹2,36,000 |
| Others (Min) | 3 | 6,000 | ₹3,54,000 |
Market Maker Reservation
₹2.72 L
Employee Reservation
₹0.00
Shareholder Reservation
₹0.00
Farm Peace IPO Size
Total
₹32 Cr
Fresh Issue
₹32 Cr
(0.54 Cr
Shares)
Offer For Sale
₹0
(0.00
Shares)
Objects of the Issue
Funding our incremental working capital requirements
Issue Expenses
General Corporate Purposes
Total
Key Risk Factors
The company does not enter into formal written contracts with farmers and operates through verbal arrangements, and the absence of enforceable agreements could adversely affect supply and operations.
Key Risk Factors
The company does not enter into formal written contracts with farmers and operates through verbal arrangements, and the absence of enforceable agreements could adversely affect supply and operations.
The company's business depends on seasonal and climatic conditions for processing-grade potato cultivation, exposing it to risks of reduced yields, crop failure and volatile output.
Concentration of the company's operations in Gujarat exposes it to regional risks, and any loss of business in this region could materially affect its financial performance.
The company's significant dependence on third-party suppliers for seeds exposes it to risks relating to availability, quality, pricing and timely supply of planting material.
The company depends on frozen-potato manufacturers and snack producers for the sale of processing-grade potatoes, and loss of such customers could adversely affect revenue.
Exposure to price fluctuations in seed procurement and processing-grade potato sales may adversely affect the company's cost structure, margins and profitability.
The company's dependence on a limited product portfolio, centred on processing-grade potatoes, may restrict growth and expose it to sector-specific and concentration risks.
The company has experienced negative cash flows in previous fiscals and may continue to report negative cash flows in the future, which could strain liquidity.
Seasonality in the company's business and dependence on specific cropping cycles could result in fluctuations in its results of operations across periods.
The Restated Financial Information in the Prospectus has been provided by the Peer Reviewed Chartered Accountants and any adverse findings could affect investor confidence.
Farm Peace IPO Live Subscription
Live
Updated as on 9/1/2026 10:26:26 AM
| Category | Sub (x) | Offered | Bids | Amount(Cr) |
|---|
Subscription figures exclude Anchor investor and Market Maker portions. Data is sourced from NSE and BSE on an "AS IS" and "AS AVAILABLE" basis without any warranty
Updated as on 9/1/2026 10:26:26 AM
Farm Peace IPO Details Live GMP
GMP
₹0
Est. Price
₹59
Est. Gain
0.00%
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 01 Sep | ₹0 (0%) | ₹59 |
| 31 Aug | ₹0 (0%) | ₹59 |
| 30 Aug | ₹0 (0%) | ₹59 |
| 29 Aug | ₹0 (0%) | ₹59 |
| 28 Aug | ₹0 (0%) | ₹59 |
| 27 Aug | ₹0 (0%) | ₹59 |
Farm Peace IPO Peer Comparison
There are no comparable listed peers in India as per the company
Farm Peace IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue | 90.83 | 79.24 | 62.55 |
| PAT | 7.53 | 6.66 | 6.16 |
| Net Worth | 43.48 | 35.95 | 9.04 |
| Borrowings | 11.28 | 2.46 | 7.12 |
| Assets | 99.84 | 69.32 | 31.76 |
| NAV (₹) | 28.69 | - | - |
| EPS (₹) | 4.97 | 4.63 | 6.11 |
Key Performance Indicators (KPIs)
Debt to Equity
0.26
All the data pertains to FY 2025-26. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Farm Peace IPO Financial Statements
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue from Ops | 90.83 | 79.24 | 62.55 |
| Other Income | 0.01 | 0.73 | 0.20 |
| Total Income | 90.84 | 79.97 | 62.75 |
| Purchases | 65.24 | 74.80 | 55.39 |
| Changes in Inventories | 3.43 | -13.17 | -6.31 |
| Employee Expense | 0.57 | 0.53 | 0.24 |
| Finance Costs | 1.57 | 0.28 | 0.24 |
| Depreciation | 0.08 | 0.06 | 0.04 |
| Other Expenses | 9.10 | 7.83 | 3.93 |
| Total Expenses | 79.99 | 70.33 | 53.53 |
| Profit Before Tax | 10.85 | 9.64 | 9.22 |
| Tax Expense | 3.31 | 2.99 | 3.05 |
| Profit After Tax | 7.54 | 6.65 | 6.17 |
| EPS — Basic (₹) | 4.97 | 4.63 | 6.11 |
| EPS — Diluted (₹) | 4.97 | 4.63 | 6.11 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Equity Share Capital | 15.16 | 3.79 | 2.52 |
| Reserves & Surplus | 28.32 | 32.16 | 6.52 |
| Total Equity | 43.48 | 35.95 | 9.04 |
| Total Borrowings | 11.28 | 2.46 | 7.12 |
| Trade Payables | 30.69 | 25.73 | 12.16 |
| Other Liabilities | 14.40 | 5.18 | 3.44 |
| Total Equity & Liab | 99.85 | 69.32 | 31.76 |
| Fixed Assets | 0.28 | 0.34 | 0.19 |
| Inventories | 19.46 | 22.89 | 9.72 |
| Short-Term Loans & Adv | 18.99 | 19.31 | 1.11 |
| Trade Receivables | 59.95 | 25.67 | 17.18 |
| Cash & Bank Bal | 0.11 | 0.05 | 0.02 |
| Other Assets | 1.06 | 1.05 | 3.54 |
| Total Assets | 99.85 | 69.32 | 31.76 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| CF from Operating Activities | -7.17 | -17.57 | -1.54 |
| CF from Investing Activities | -0.02 | 2.30 | -3.64 |
| CF from Financing Activities | 7.25 | 15.30 | 4.87 |
| Net Change in Cash & Equivalents | 0.06 | 0.03 | -0.31 |
| Cash & Equivalents at End of Period | 0.11 | 0.05 | 0.02 |
Promoter Holding
Promoter
73.96%
Public
26.04%
Sudhir Haribhai Patel
15.20%
Kulin Kiran Patel
13.20%
Girishbhai Faljibhai Patel
12.91%
Sandipkumar Narsinhbhai Patel
11.09%
Others
21.56%
Management
Sandipkumar Narsinhbhai Patel
Age: 39
MD
Remuneration
₹₹1.50 Lakhs per month (as per appointment terms; increments as decided by Board)
Education
B.Tech (Dairy Technology) & MBA (International Agribusiness), Anand Agricultural University
Prior Experience
Around 15 years in agri-processing, contract farming and exports; key roles at Vidya Dairy (Anand) and Diversey India; Managing Partner at Hcube Impex LLP (finance & operations).
Kulin Kiran Patel
Age: 27
CFO
Remuneration
₹₹4.80 Lakhs salary in FY2026 (as per related-party disclosures)
Education
BMS, University of Mumbai; MSc Entrepreneurship & Innovation, Queen Mary University of London
Prior Experience
Approx. 4 years in finance and accounts; previously with Shree Akshar Pharmaceuticals Private Limited.
Registrar & Lead Managers
Registrar
Bigshare Services
Lead Managers (1)
Company Details
Name: Farm Peace Limited
Address: 12, Manu Panchal Industrial Estate, Nr. Indira Nagar, Amraiwadi Road, Ahmedabad – 380 026, Gujarat, India
Number: 079 – 2991 7018
Email: info@farmpeace.in
Website: https://www.farmpeace.in
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Frequently Asked Questions (FAQs)
What is Farm Peace IPO?
Farm Peace IPO is a SME IPO having an issue size of
₹32 Crs.
Farm Peace IPO is priced at
₹59 - ₹59 per
share.
The
issue opens on 01 Sep 26
and
closes on 03 Sep 26.
When will Farm Peace IPO open?
Farm Peace IPO opens on
01 Sep 26 and closes on
03 Sep 26.
What is the GMP of Farm Peace IPO?
The estimated Grey Market Premium of Farm Peace IPO is
₹0 per share (0.00%).
What is the lot size of Farm Peace IPO?
The minimum lot size of Farm Peace IPO is
2000 shares & the minimum application amount
is
Rs.
118000.
When is the allotment of Farm Peace IPO?
The allotment date of Farm Peace IPO is
04 Sep 26.
What is the listing date of Farm Peace IPO?
The listing date of Farm Peace IPO is
08 Sep 26.
What is the subscription of Farm Peace IPO?
Farm Peace IPO is subscribed
-.
What is the price band of Farm Peace IPO?
Farm Peace IPO is priced at
₹59 - ₹59 per
share.
How to check allotment status of Farm Peace IPO?
Click the allotment link on Farm Peace IPO page of IPO360.
How to apply Farm Peace IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Farm Peace IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Farm Peace IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Farm Peace IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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