Farm Peace IPO
smeclosedAbout the company
Farm Peace IPO will open for subscription on September 1, 2026, followed by listing on BSE SME platform on September 8. The company is a vertically integrated contract farming business that primarily grows processing-grade potatoes, which it sells to processing firms for the production of French fries, chips, and other potato products. The company grows five different varieties of processing-grade potatoes: Santana, Fry Sona, Innovator, Lady Rosetta, and Chipsona, each suitable for particular product types. The company offers seed certification, agronomic support, and technical assistance through the life cycle of the crop from land preparation to harvesting. The company’s business is based on a 100% buyback contract farming arrangement where farmers are guaranteed the purchase of all their crops at mutually agreed prices and quality standards. The company farms more than 5,660 acres of land and grows 61,680 metric tonnes of potatoes every year using 853 farmers in 4 districts in Gujarat. The number of farmers used increased from 498 in FY24 to 853 in FY26. Santana is the biggest revenue generator, increasing its share from 16.60% of total revenues in FY24 to 54.62% in FY26. Seed sales accounted for 19.91% of total revenues in FY26. Lady Rosetta’s share dropped from 33.84% in FY24 to 10.54% in FY26. The company has an order book of ₹35.90 crore through five customers for Santana and Frysona varieties, with full realisation anticipated by March 31, 2027.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 03 Sep | ₹0 | ₹59 | -3 |
| 02 Sep | ₹3 | ₹62 | +1 |
| 01 Sep | ₹2 | ₹61 | 0 |
| 31 Aug | ₹2 | ₹61 | +1 |
| 30 Aug | ₹1 | ₹60 | +1 |
| 29 Aug | ₹0 | ₹59 | -3 |
| 28 Aug | ₹3 | ₹62 | -1 |
| 27 Aug | ₹4 | ₹63 | 0 |
Strengths
- 100% buy-back model: Provides greater procurement visibility and reduces farmers’ exposure to open-market price fluctuations.
- Strong presence in Gujarat: Benefits from an agro-climatic environment suited to processing-grade potato cultivation.
- Growing farmer network: Expanded to 853 farmers cultivating 5,660 acres as of FY26.
- End-to-end farming support: Provides farmers with seeds, agronomic guidance, field monitoring and post-harvest support.
- Diversified customer segments: Supplies processing-grade potatoes to frozen food, snack and starch/potato-processing companies.
- Consistent financial growth: Revenue increased from ₹62.55 crore in FY24 to ₹90.83 crore in FY26, while PAT rose from ₹6.16 crore to ₹7.53 crore.
Risks
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed01 Sept 2026Bidding starts for all investor categories
IPO Closes
In Progress03 Sept 2026Last day to place your bid
1d since ClosesToday · 04 Sept 20261d to Basis of AllotmentBasis of Allotment
Upcoming05 Sept 2026Share allotment finalised
Refund Initiation
Upcoming06 Sept 2026Refunds credited for non-allottees
Credit to Demat
Upcoming07 Sept 2026Allotted shares credited to demat account
Listing on Exchange
Upcoming08 Sept 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 2000 | ₹118,000 | 1 | ₹118,000 | 1 lot only |
| HNI | 2 | 4000 | ₹236,000 | 2 | ₹236,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 2,711,865 | 16 | 0 | 0.00x | 100% |
| NII | 15% | 813,559 | 4.8 | 8,136 | 0.01x | 100% |
| Retail | 35% | 1,898,305 | 11.2 | 18,983 | 0.01x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
Date-wise daily subscription (all categories)
| Date / Day | Retail (x) | QIB (x) | NII (x) | EMP (x) | OTHER (x) | Total (x) | Total |
|---|---|---|---|---|---|---|---|
01 Sep Day 1 | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
02 Sep Day 2 | 0.01x | 0.00x | 0.01x | 0.00x | 0.00x | 0.01x | 0.03x |
03 Sep Day 3 | 0.01x | 0.00x | 0.01x | 0.00x | 0.00x | 0.01x | 0.03x |
Date-wise cumulative subscription figures per category, refreshed each bidding day.