Farm Peace SME IPO
Farm Peace IPO — date, price band, GMP & allotment 2026
Farm Peace is an integrated contract farming company growing processing grade potato varieties such as Santana, Frysona, Lady Rosetta and Chipsona for French fry and chip makers. It works with Gujarat farmers on a 100% buy-back model, cultivating over 5,660 acres and producing about 61,680 tonnes of potatoes a year.
Stock price
Farm Peace is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 16 September.
- Open 01 Sep 2026
- Close 03 Sep 2026
- Allotment 04 Sep 2026
- Refund/credit 07 Sep 2026
- Listing 08 Sep 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 1 to 3 Sep, 2026 |
|---|---|
| Price Band | ₹59 |
| Face Value | ₹10 |
| Lot Size | 2000 Shares |
| Issue Size | ₹32 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 2,36,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 2000 shares at the ₹59 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 4,000 | ₹2,36,000 |
| Retail (max) | 2 | 4,000 | ₹2,36,000 |
| HNI (min) | 3 | 6,000 | ₹3,54,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 9
- 01Sales have grown every year, from Rs 62.75 crore in FY2024 to Rs 79.98 crore in FY2025 and Rs 90.84 crore in FY2026.
- 02Profit has also grown steadily, from Rs 6.16 crore in FY2024 to Rs 6.66 crore in FY2025 and Rs 7.53 crore in FY2026.
- 03EBITDA improved to Rs 12.48 crore in FY2026 from Rs 9.26 crore the year before.
- 04Return ratios are good, with RoCE of 26.64% and RoNW of 17.32%, and the issue is priced at about 16.12 times earnings on an EPS of Rs 3.66.
- 05Net worth has grown strongly, from Rs 9.04 crore in FY2024 to Rs 43.48 crore in FY2026.
- 06The buy-back model gives the company an assured supply of the exact potato varieties its customers need, which is hard to get from the open market.
- 07It owns cold storage and temperature controlled transport, which reduces spoilage and protects quality till delivery.
- 08Its buyers are processing companies making French fries and chips, which is steady industrial demand rather than seasonal retail demand.
- 09The whole issue is fresh capital, and the stated uses add up to the full issue size of Rs 32 crore.
Risks · 10
- 01The company is very young. It was started only in October 2021, so it has under five years of operating history and has not been tested through a bad crop cycle.
- 02Borrowing jumped more than four times in one year, from Rs 2.46 crore in FY2025 to Rs 11.28 crore in FY2026.
- 03This is farming, so it depends on weather. Poor rain, frost or disease in a season directly reduces yield and there is little the company can do about it.
- 04The 100% buy-back promise cuts both ways. The company must buy the crop at the pre-agreed price even if the market price has fallen below it, so the price risk sits with the company.
- 05The whole business is concentrated in Gujarat, so any local weather, water or regulatory problem affects everything.
- 06The customers are a small set of potato processing companies. If one large processor cuts its intake, a big share of the sales is affected.
- 07Rs 23 crore of the Rs 32 crore issue goes into working capital, which shows how much money stays blocked in seed, inputs and stored crop.
- 08This is a fixed price issue at Rs 59 per share, so there is no price discovery through bidding.
- 09Promoter holding will come down from 73.96% to 54.46% after the issue.
- 10This is an SME issue. One lot is 2,000 shares, which is Rs 1.18 lakh at the issue price, and SME shares usually trade in low volume after listing.
Three years of numbers
All figures in ₹ crore, as reported in the Farm Peace offer document.
| Metric | 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 |
| Reserves and Surplus | 28.32 | 32.16 | 6.52 |
| Total Borrowing | 11.28 | 2.46 | 7.12 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Farm Peace RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Farm Peace IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹3.66 |
| P/E Ratio (x) | 16.12 |
| Market Cap at Offer Price (₹ Cr) | ₹121.39 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹59 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹32.00 Cr of the issue is earmarked to named objects.
About the company
The company works with farmers in Gujarat under a 100% buy-back model. It gives the farmer certified seed, farming guidance, fertilizers, pesticides and modern methods such as drip irrigation, and in return promises to buy the whole crop at a price agreed in advance. This protects the farmer from price falls in the open market.
It supports the farmer at every stage, from choosing the seed and preparing the soil to irrigation, pest control, harvesting and handling after harvest. It also runs cold storage and temperature controlled transport so the potatoes reach the processing companies without spoiling. As on August 2026 it was working mainly in Gujarat under the Farm Peace brand, covering more than 5,660 acres and producing about 61,680 metric tonnes of potatoes a year.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
079 - 2991 7018
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Socradamus Capital Pvt. Ltd.
2 issues handled1 of their issues has listed so far, and 0 opened above the issue price (average -12.4%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Farm Peace?
The current Grey Market Premium is ₹59, or 100.00% over the issue price.
What is the Farm Peace IPO price band?
₹59, on a face value of ₹10.
When is the allotment?
The basis of allotment is 4 September 2026, with listing on 8 September 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
