By Wealthova | Last Updated: August 27, 2026
Farm Peace Limited, an emerging player in the sustainable agriculture and horticulture sector, is gearing up to make its primary market debut with an upcoming ₹32.00 Crore SME IPO. Headquartered in Ahmedabad, Gujarat, the company focuses on the cultivation of diverse crops, market gardening, and sustainable farming practices, while also integrating eco-friendly agro-tourism experiences. Operating a unique business model that emphasizes community involvement, Farm Peace supplies high-quality agricultural produce while offering serene, nature-focused getaway experiences. The subscription window for this fixed-price issue is upcoming and will be announced shortly. The issue is priced at ₹59 per equity share, comprising entirely of a fresh issue of ₹32.00 Crore (54.24 lakh shares) with absolutely no Offer for Sale (OFS) component. The company plans to utilize the fresh capital primarily to fund its agricultural infrastructure expansion, meet incremental working capital requirements, and for general corporate purposes. Set to list on the BSE SME platform, market participants are closely watching this innovative agro-focused enterprise. Below, we break down the financial health, industry risk factors, and our honest Smart Market Insights to help you decide if you should subscribe to this issue!
September 1, 2026
September 3, 2026
₹59 Fixed Price
2,000 Shares
(Min. 2 Lots for Retail)₹32.00 Cr
₹32.00 Cr
50% Allocation
₹10 Base
SME (BSE SME)
Incorporated in October 2021, Farm Peace Limited is a specialized, integrated contract farming company focused on the cultivation and supply of processed-grade potato varieties. Operating primarily in the agro-climatically favorable region of Gujarat, the company cultivates high-demand potato strains—such as Santana, Frysona, Innovators, Lady Rosetta, and Chipsona—which are strictly utilized by commercial processing companies to manufacture French fries, potato chips, and other value-added snack products.
Their core operational model and business highlights include:
The Farm Peace IPO is a 100% fresh equity issue sized at ₹32.00 Crore. Because there is absolutely no Offer for Sale (OFS) component, all incoming capital will be injected directly into the company to scale its contract farming operations and support its expanding farmer network.
The company intends to deploy the net proceeds across the following strategic objectives:
| 📅 Period Ended | 📈 Total Income | 💼 Net Worth | 💰 PAT | 🏦 Assets |
|---|---|---|---|---|
| FY 2023 | ₹26.30 | ₹2.88 | ₹0.31 | ₹16.79 |
| FY 2024 | ₹62.75 | ₹9.04 | ₹6.16 | ₹31.76 |
| FY 2025 | ₹79.98 | ₹35.95 | ₹6.66 | ₹69.32 |
| Financial KPI (FY25)* | Value |
|---|---|
| Return on Equity (ROE) | 29.61% (FY25) |
| Return on Capital Employed (ROCE) | 33.73% (FY25) |
| EBITDA Margin | 11.68% (FY25) |
| PAT Margin | 8.41% (FY25) |
| Debt to Equity Ratio | 0.07 (FY25) |
| Return on Net Worth (RoNW) | 18.53% (FY25) |
| Earnings Per Share (EPS) | ₹4.39 (Pre-IPO) | ₹3.24 (Post-IPO) |
| Price/Earning (P/E) Ratio | 13.43x (Pre-IPO) | 18.20x (Post-IPO) |
| Net Asset Value (NAV) | ₹24.99 (Pre-IPO) |
| Shareholder Category | Pre-IPO Holding | Post-IPO Holding |
|---|---|---|
| Promoter & Promoter Group | 73.96% | 54.46% |
| Public / Institutional / Others | 26.04% | 45.54% |
Farm Peace Limited is promoted by Sandipkumar Narsinhbhai Patel, Sudhir Haribhai Patel, Girishbhai Faljibhai Patel, and Kulin Kiran Patel. Prior to this issue, the promoter group held a dominant 73.96% equity stake. Post-issue, factoring in the ₹32.00 Crore fresh equity dilution (with absolutely zero Offer for Sale), the promoter holding will adjust to a majority of 54.46%. The allocation of ₹23.00 Crore strictly towards incremental working capital is a highly strategic move to aggressively fund their 100% buy-back contract farming model, ensuring they can scale their potato cultivation footprint and meet the upfront capital requirements for seeds and farmer payouts.
| Company Name | EPS (₹) | P/E Ratio (Post-IPO) | RoNW (%) |
|---|---|---|---|
| Farm Peace Ltd (IPO) | 3.24 | 18.20x | 18.53% |
| Listed Industry Peers | N/A | N/A | N/A |
*As per the official RHP, there are no listed companies in India whose business operations or scale are directly comparable to Farm Peace Limited.
Farm Peace Limited has built an integrated, asset-light contract farming model focused exclusively on high-demand, processed-grade potato varieties (such as Santana, Frysona, and Chipsona). By connecting directly with regional farmers across Gujarat through a 100% buy-back guarantee and offering end-to-end agronomic support, the company ensures a dependable supply chain for commercial potato chip and French fry manufacturers. This specialized B2B focus has fueled rapid business expansion, with total income leaping from ₹26.30 Crore in FY23 to ₹79.98 Crore in FY25, while Profit After Tax (PAT) expanded from ₹0.31 Crore to ₹6.66 Crore over the same timeframe.
Operationally, the company demonstrates exceptional capital efficiency, delivering a Return on Capital Employed (ROCE) of 33.73%, a Return on Equity (ROE) of 29.61%, and a remarkably healthy balance sheet with a debt-to-equity ratio of just 0.07. The ₹32.00 Crore IPO is a 100% fresh equity issue, with ₹23.00 Crore (71.88%) earmarked directly for working capital. This infusion will directly strengthen their ability to scale acreage, procure certified seeds, and fund upfront farmer procurement cycles. However, investors must evaluate core agricultural risks: vulnerability to unseasonal weather and crop diseases, high client concentration among a few large food processors, cold-storage dependency, and the working-capital-intensive nature of guaranteed buy-back agreements.
At the fixed issue price of ₹59 per share, Farm Peace is valued at a post-IPO P/E multiple of 18.20x (based on FY25 post-issue EPS of ₹3.24). For a debt-light agricultural enterprise generating over 33% ROCE with solid top-line momentum, this valuation is reasonably priced and leaves potential upside on the table. Given the SME platform mechanics and a minimum retail application size of ₹2,36,000 (2 lots / 4,000 shares), this issue is best suited for investors with adequate risk tolerance looking for a fundamentally grounded, medium to long-term growth play.
Disclaimer: The information provided above is for educational and informational purposes only and does not constitute financial advice. Initial Public Offerings (IPOs) carry market risks, and equity investments are subject to broader market fluctuations. Wealthova is not a SEBI-registered investment advisor. Always consult with a certified financial planner and conduct your own due diligence before locking up capital in any public issue.
| Role / Entity | Contact & Details |
|---|---|
| 📋 IPO Registrar |
Bigshare Services Private Limited
Office No S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai - 400093, Maharashtra, India
Phone: +91-22-6263-8200
Email: ipo@bigshareonline.com
Website: bigshareonline.com
|
| 🏢 Company Contact |
Farm Peace Limited
12, Manu Panchal Industrial Estate, Nr. Indira Nagar, Amraiwadi Road, Ahmedabad - 380026, Gujarat, India
Phone: +91-98792-45417
Email: info@farmpeace.in
Website: farmpeace.in
|
| 💼 Merchant Bankers |
Corporate Capital Ventures Pvt. Ltd.
Book Running Lead Manager
Phone: +91-11-4182-4066
Email: info@ccvindia.com
Website: ccvindia.com
|