Farm Peace IPO

The Farm Peace SME IPO opens for subscription on 1 Sept 2026 and closes on 3 Sept 2026, offered at an issue price of ₹59 per share, and is set to list on BSE. In total, the issue aims to mobilise ₹32 crore. Retail investors bid in lots of 2000 shares, a minimum application of ₹2,36,000.

Issue structure

The IPO is structured entirely as a fresh issue of ₹30.4 crore, so the full proceeds flow to the company to fund its stated objects of the issue.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward funding incremental working capital requirements (₹23 crore), alongside general corporate purposes (₹4.8 crore). In all, 3 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Farm Peace reported revenue of ₹90.84 crore and a net profit of ₹7.53 crore. Revenue grew from ₹62.75 crore in FY2024 to ₹90.84 crore in FY2026 (+45.0%). Net worth stood at ₹43.48 crore at the end of FY2026. At the upper band, that puts the issue at roughly 11.9× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 16.12× post-issue earnings and 2.06× book value, against a return on net worth of 17.32% and a debt-to-equity ratio of 0.26. These ratios come from the offer document and are for comparison, not a recommendation.

Promoters

The promoters of the company are <p>Sandipkumar Narsinhbhai Patel, Sudhir Haribhai Patel, Girishbhai Faljibhai Patel, Kulin Kiran Patel</p>. Promoter holding stands at 73.96% before the issue and comes down to 54.46% after listing.

Grey market premium (GMP)

In the unofficial grey market, Farm Peace shares are quoted at a premium of ₹5 implying an expected listing around ₹64, about +8.5% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

Subscription

The Farm Peace IPO was subscribed 1.16 times overall. The strongest demand came from non-institutional investors (NII) at 1.73 times, with retail investors at 0.59×.

What to weigh

When evaluating the Farm Peace IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Farm Peace

Farm Peace is an integrated contract farming company focused on processed-grade potato varieties like Santana, Frysona, Innovators, Lady Rosetta, and Chipsona. These potatoes are supplied to processing companies for French fries, chips, and other value-added products. Operating under the &ldquo;Farm Peace&rdquo; brand, the company work closely with farmers in Gujarat through a 100% buy-back model . It provide certified seeds, agronomic support, fertilizers, pesticides, and modern farming techniques like drip irrigation to help farmers improve yields and reduce risks. In return, it assure them of buying their produce at pre-agreed prices, protecting them from market fluctuations. The company support farmers at every stage&mdash;seed selection, soil preparation, irrigation, pest management, harvesting, and post-harvest handling. With cold storage and temperature-controlled logistics, it ensure quality produce reaches processors without losses. As of March 2025, it cultivate 5,100 acres , produce 55,000 metric tonnes of potatoes annually, and achieved revenues of ₹7,924.22 lakhs with a net profit of ₹666.17 lakhs . Contract Farming Model with 100% Buy-Back Assurance Agro-Climatic Advantage of Gujarat for Processing-Grade Potato Cultivation Strong and Expanding Farmer Network and Building long lasting relationship End-to-End Farming Support covering planning to post-harvest Experienced Promoters and Management Team