Farm Peace IPO: Price Band, Lot Size, Financials & Review
Farm Peace IPO listed on BSE on Tue, 8 Sep 2026. The issue was subscribed 1.21x overall.
- Open Date
- 1 Sep 2026
- Close Date
- 3 Sep 2026
Last updated
- Issue price
- ₹59
- Lot size
- 2,000 shares
- Min. investment
- ₹2,36,000
- Issue size
- ₹32 Cr
- Last GMP
- +₹59
- Subscribed
- 🔥 1.21x
Farm Peace IPO details
Farm Peace IPO is a ₹32 Cr fixed price IPO on the SME segment, listing on BSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue was open from Tue, 1 Sep 2026 to Thu, 3 Sep 2026. Allotment was finalised on Fri, 4 Sep 2026, and the shares listed on BSE on Tue, 8 Sep 2026.
The issue price is ₹59 per share and the lot size is 2000 shares, so the minimum retail application is ₹2,36,000. Retail investors can apply for up to 2 lots (4,000 shares, ₹2,36,000).
Bigshare Services Pvt Ltd is the registrar, and Socradamus Capital Private Limited is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last Farm Peace IPO GMP before listing was +₹59 (+100.00% against the upper price band of ₹59), implying an estimated listing price of ₹118. Across 10 days of tracking, GMP ranged from 0 (30 Aug) to +₹59 (07 Sep).
| Last GMP | +₹59 |
|---|---|
| GMP vs upper band | +100.00% |
| Estimated listing price | ₹118 |
| Highest (07 Sep) | +₹59 |
| Lowest (30 Aug) | 0 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Farm Peace IPO day-wise GMP.
Subscription
Day-wise subscription →Farm Peace IPO was subscribed 1.21x overall: NII 1.83x and retail 0.59x.
| Category | Subscribed |
|---|---|
| NII | 1.83x |
| Retail | 0.59x |
| Total | 1.21x |
Final figures at the close of bidding on 3 Sep 2026. Category-wise bids, application-wise breakup and allotment chances are on the Farm Peace IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Non-Institutional | 25,76,000 | 50.00% |
| Retail Investors | 25,76,000 | 50.00% |
| Total | 51,52,000 | 100.00% |
Farm Peace IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,36,000 |
| Retail (Max) | 2 | 4,000 | ₹2,36,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,54,000 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
At the upper price band of ₹59, the issue is priced at 11.87x pre-issue earnings and 16.12x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Promoter holding falls from 73.96% before the issue to 54.46% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹4.97 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 11.87x |
| EPS (post-issue) EPS on the enlarged share capital | ₹3.66 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 16.12x |
| Promoter holding (pre-issue) | 73.96% |
| Promoter holding (post-issue) | 54.46% |
Farm Peace Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹79.98 Cr to ₹90.84 Cr, and profit after tax rose from ₹6.66 Cr to ₹7.53 Cr. The PAT margin for 31 Mar 2026 was 8.29%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 99.84 | 69.32 | 31.76 |
| Total Income | 90.84 | 79.98 | 62.75 |
| Profit After Tax | 7.53 | 6.66 | 6.16 |
| EBITDA | 12.48 | 9.26 | 9.27 |
| Net Worth | 43.48 | 35.95 | 9.04 |
| Reserve & Surplus | 28.32 | 32.16 | 6.52 |
| Total Borrowings | 11.28 | 2.46 | 7.12 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 18.96 | 29.61 | 103.38 |
| ROCE % | 26.64 | 33.74 | 88.04 |
| Debt / Equity | 0.26 | 0.07 | 0.79 |
| RoNW % | 17.32 | 18.53 | 68.15 |
| Pat Margin % | 8.29 | 8.41 | 9.85 |
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding incremental working capital requirements 23.00 2 General Corporate Purposes 4.80 3 Issue expenses 4.20 Total 32.00 |
About Farm Peace Limited
Incorporated in October 2021, Farm Peace Ltd is an integrated contract farming company focused on cultivating and supplying processing-grade potatoes to the food processing industry. The company primarily operates in Gujarat and cultivates varieties such as Santana, Frysona, Innovator, Lady Rosetta and Chipsona, which are used in French fries, potato chips, wafers, flakes, starch and other value-added products.
Operating under the “Farm Peace” brand, the company follows a 100% buy-back model, working closely with farmers and assuring procurement at pre-agreed prices. This model helps farmers reduce exposure to market price fluctuations while providing them with greater visibility over their produce.
Farm Peace supports farmers throughout the entire crop cycle, including seed selection, soil preparation, irrigation, crop monitoring, pest management, harvesting and post-harvest handling. It provides certified seeds, fertilizers, pesticides, agronomic guidance and modern farming practices such as drip irrigation to improve productivity and crop quality.
The company also manages key post-harvest activities through grading, leased cold-storage facilities and temperature-controlled logistics, helping maintain the quality of potatoes until delivery to processing companies. Its Farm Peace mobile application further supports field-level monitoring and traceability.
As of FY2026, Farm Peace covered approximately 5,660 acres, engaged 853 farmers and sold 61,680 metric tonnes of potatoes. Production per acre increased to 10.90 tonnes, compared with 10.16 tonnes in FY2024. The company reported ₹90.83 crore revenue in FY2026, with the Santana variety contributing 54.62% of revenue and seed sales contributing 19.91%.
As of 25 August 2026, Farm Peace had a confirmed order book of ₹35.90 crore, primarily comprising supply contracts for Santana, Frysona and Lady Rosetta potatoes. As of 31 July 2026, the company had 14 permanent employees.
Key Strengths
100% Buy-Back Contract Farming Model providing farmers with pre-agreed procurement prices
Strong Presence in Gujarat, offering favourable agro-climatic conditions for processing-grade potato cultivation
Growing Farmer Network, with 853 farmers engaged as of FY2026
End-to-End Farming Support covering cultivation planning, crop management, harvesting and post-harvest activities
Integrated Supply Chain supported by grading, cold storage and temperature-controlled logistics
Technology-Enabled Monitoring through the Farm Peace mobile application
Experienced Promoters and Management Team with expertise in contract farming and agricultural operations
Promoters
- Sandipkumar Narsinhbhai Patel
- Sudhir Haribhai Patel
- Girishbhai Faljibhai Patel
- Kulin Kiran Patel
Contact details
Farm Peace Ltd.
12, Manu Panchal Industrial Estate,
Nr. Indira Nagar, Amraiwadi Road
Ahmedabad, Gujarat, 380026
Phone: 079 - 2991 7018
Email: investors@farmpeace.in
Website: https://www.farmpeace.in/
Farm Peace IPO FAQs
- What is the Farm Peace IPO price band?
- Farm Peace IPO is a fixed price issue at ₹59 per share.
- What is the Farm Peace IPO lot size and minimum investment?
- The Farm Peace IPO lot size is 2000 shares. The minimum retail investment is ₹2,36,000 for one lot at the upper price band. Retail investors can apply for up to 2 lots (4,000 shares), costing ₹2,36,000.
- When was Farm Peace IPO open for subscription?
- Farm Peace IPO was open for subscription from Tue, 1 Sep 2026 to Thu, 3 Sep 2026.
- What is the Farm Peace IPO subscription status?
- Farm Peace IPO was subscribed 1.21x overall: NII 1.83x and retail 0.59x. Day-wise and category-wise figures are on the subscription page.
- What was the Farm Peace IPO GMP before listing?
- The last Farm Peace IPO GMP before listing was +₹59 (+100.00% against the upper price band of ₹59), implying an estimated listing price of ₹118. Across 10 days of tracking, GMP ranged from 0 (30 Aug) to +₹59 (07 Sep). GMP is an unofficial grey market indicator and can change quickly.
- What is the Farm Peace IPO allotment date?
- The Farm Peace IPO basis of allotment was finalised on Fri, 4 Sep 2026. You can check your allotment status on the Bigshare Services Pvt Ltd website.
- What is the Farm Peace IPO listing date?
- Farm Peace IPO listed on BSE on Tue, 8 Sep 2026.
- Is the Farm Peace IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the Farm Peace IPO?
- The registrar for the Farm Peace IPO is Bigshare Services Pvt Ltd, and the book running lead manager is Socradamus Capital Private Limited.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.