Farm Peace Ltd IPO
Status: Closed
Overview
IPO date
01 Sept 2026 to 03 Sept 2026
Face value
₹ 0 per share
Price
₹ 59 to ₹59 per share
Issue Size
5,424,000 shares
(aggregating up to ₹ 32 Cr)
(aggregating up to ₹ 32 Cr)
Allotment Date
04 Sept 2026
Listing at
NSE
Issue type
Fixed Price - SME
Sector
Miscellaneous
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T&C*
Strengths vs Risks of Farm Peace Ltd
Know the pros & cons
Strengths
- 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.
Risks
- The Company does not enter into formal contracts with farmers and operates through verbal arrangements. Absence of formal contracts with farmers and reliance on informal arrangements may result in non-performance, disputes, or supply shortfalls, which could affect its business, financial condition, and results of operations.
- Dependence on seasonal and climatic conditions for processed-grade potato cultivation may expose it to risks of reduced yield, which could affect the company's operations, financial performance, and results of business.
- Concentration of the company's operations in Gujarat exposes it to regional risks, and any loss of business in this region could adversely affect its business, results of operations, and financial condition.
- Any significant dependence on third-party suppliers for seeds may expose it to risks relating to availability, quality, and timely supply of inputs, and any disruption could adversely affect the company's operations, financial condition, and results of business.
- The company's dependence on frozen potato manufacturers and snack producers for the sale of processed-grade potatoes may expose it to risks arising from limited market coverage and reliance on a few buyers, and any disruption in such relationships could adversely affect its financial condition, business. and results of operations.
- Exposure to price fluctuations in seed procurement and processed-grade potato sales may adversely affect the company's cost structure, margins, financial performance, and overall results of operations.
- The company's dependence on a limited product portfolio may restrict growth and expose it to sector-specific risks.
- The company has experienced negative cash flows in previous Fiscals and may continue to have negative cash flows in the future.
- Seasonality in the company's business and dependence on specific cropping cycles could result in fluctuations in the company's results of operations.
- The Restated Financial Information provided in this Prospectus has been provided by the Peer Reviewed Chartered Accountants who are not the Statutory Auditors of the Company.
- There are outstanding legal proceedings involving the Company, Promoters, Directors, Key Managerial Personnel, Senior Managerial Personnel and Group Companies. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- Fluctuations in demand, pricing, or export policies for processed potato products, including frozen products, chips and dehydrated potato segments may impact the company's business, financial condition, and results of operations.
- The company has not implemented the audit trail feature in past, which may increase the risk of inadequate tracking of changes in accounting records, unauthorized modifications, and potential challenges in ensuring data integrity, internal controls, and compliance with applicable statutory requirements.
- Differences identified in lender submissions and related statutory reconciliations may expose the Company to financing, tax and regulatory risks.
- The Company does not have any listed peer operating in the same line of business, and industry comparisons may not accurately reflect its performance.
- Failures to maintain quality standards in crop procurement, storage, and distribution, or any non-compliance with regulatory and certification requirements, may lead to disputes, liabilities, and reputational impact.
- The company has applied for registration of its logo under the Trademarks Act, 1999. However, the same has not yet been registered. Failures to protect its intellectual property rights may adversely affect the company's competitive business position, financial condition and profitability.
- There has been delay in filing of forms with the Registrar of Companies as per the stipulated timelines prescribed under the Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for delay in such compliances could impact the reputation and financial position of the Company to that extent.
- Absence of insurance coverage for the company's cold storage operations and produce may expose it to significant risks and potential losses.
- Any future penalties or demands raised by statutory authorities may adversely impact the financial position of the Company.
- Farmer dissatisfaction, disputes, or competing alternatives could reduce participation in future crop cycles and affect continuity of supply.
- Losses incurred by the company's Group Companies may have an indirect adverse impact on its business and financial condition.
- The company's business is working-capital intensive and dependent on timely availability of financing; failures to maintain adequate working capital may adversely affect its business, financial condition, and results of operations.
- High inventory holding periods could strain the company's liquidity, increase working capital requirements, and adversely affect its financial condition and result of operations.
- A significant share of the company's current assets is tied up in trade receivables. Any delay in customer payments may lead to working capital mismatches and affect the short-term financial position of the company.
- The company has incurred indebtedness which exposes it to various risks which may have an adverse effect on the company's business, results of operations and financial conditions. Conditions and restrictions imposed on it by the agreements governing its indebtedness could adversely affect the company's ability to operates its business.
- The company has unsecured loans outstanding from its Directors and Promoters, which may be recalled at any time and could adversely affect the company's financial condition.
- The company's revenue and profitability is subject to fluctuations due to agricultural cycles, climatic variations, and seasonality, which may adversely impact its financial results.
- Non-compliance with and changes in any of the applicable laws, rules or regulations may adversely affect the company's business, results of operations and financial condition and cash flows.
- The company requires certain approvals, licenses, registrations and permits for conducting its business and the company's inability to obtain, retain or renew them in a timely manner, or at all, may adversely affect its business, results of operations and financial condition.
- The Objects of the Issue for which the funds are being raised have not been appraised by any bank or financial institutions. Any variation in the utilization of the company's Net Proceeds as disclosed in this Prospectus would be subject to certain compliance requirements, including prior Shareholders approval.
- The Objects of the Issue include funding incremental working capital requirements, which is based on certain assumptions and estimates. Any failures in arranging adequate working capital for the company's operations may adversely affect its business, results of operations, cash flows and financial conditions.
- Heavy reliance on farmers and their agricultural practices may expose it to operational risks, which could affect the company's business, financial condition, and results of operations.
- Post-harvest losses due to inadequate handling, logistics, or storage may adversely affect the company's results of operations.
- Dependence on third-party logistics and potential disruptions in transportation may materially affect the timely movement of processed-grade potatoes and impact the company's business, financial condition, and results of operations.
- Dependence on leased cold storage facilities could affect continuity of operations, results of business, and financial condition.
- Dependence on climatic conditions and exposure to natural risks may materially affect crop yields, operations, and financial performance.
- The industry in which the company operates possess various risks and challenges as provided in the Industry Report titled "Report on Contract Farming (Focus: Processed Variety of Potato) in India" dated September 19, 2025, which is exclusively prepared for the purposes of the Offer and issued by D&B and is commissioned and paid for by the Company ("D&B Report").
- The company's business depends on sustaining long-term relationships with farmers, and any dissatisfaction over pricing, seed supply, or crop outcomes may reduce their participation. A decline in farmer engagement could disrupt its sourcing model, leading to supply shortfalls and an adverse impact on the company's operations and financial performance.
- The company's business is highly dependent on the seamless functioning of an integrated supply chain covering procurement of seeds and agri-inputs, distribution to farmers, post-harvest storage, and transportation of produce to customers. Any disruption or inefficiency in this supply chain could materially and adversely affect its business operations, financial condition, and results of operations.
- If the company fails to maintain an effective system of internal controls, the company may not be able to successfully manage, or accurately report, its financial risks. Despite the company's internal control systems, its may be exposed to operational risks, including fraud, petty theft and embezzlement, which may adversely affect the company's reputation, business, financial condition, results of operations and cash flows.
- Inadequate adoption of recommended modern farming practices by farmers may affect crop yields, quality, and supply consistency may impact the company's operations.
- Failures of IT systems, data security breaches, or loss of data may disrupt operational monitoring and decision-making processes.
- The company's registered office is owned by its Group company, Hcube Impex LLP. The company's inability to continue operating from such premises, or to seek renewal or extension of such lease may adversely affect its business and results of operations.
- Any withdrawal, modification or discontinuation of special tax benefits available to the Company may adversely affect its profitability and financial position if such benefits are availed by it in the future.
- Any inability to expand the company's business into new regions and markets in India or the sub-optimal performance of its new facilities could adversely affect the company's business, prospects, results of operations, financial condition and cash flows.
- The company's insurance coverage may not be adequate to protect it against all potential losses, which may have a material adverse effect on the company's business, financial condition, cash flows and results of operations.
- The company has commissioned an industry report from Dun & Bradstreet Information Services India Private Limited, which has been used for industry related data in this Prospectus.
- The company's Promoters and Promoter Group exercise significant influence over the management and policies of the Company, which may not always align with the interests of minority shareholders. Any adverse developments relating to their reputation, financial standing, or withdrawal of support could materially impact its business operations and investor confidence.
- The company's success depends largely upon the knowledge and experience of its Promoters.
- The company's Promoters and Promoter Group will continue to retain a majority shareholding in the Company after the Issue, which will allow them to exercise significant influence over it.
- The company's Directors and Promoters may enter into ventures which are in businesses similar to its.
- The company has entered, and will continue to enter, into related party transactions which may involve conflicts of interest. Further, its Promoters, Directors and Key Managerial Personnel may have interests in it other than reimbursement of expenses incurred and normal remuneration or benefits.
- The determination of the Issue Price is based on various factors and assumptions and the Issue Price of the Equity Shares may not be indicative of the market price of the Equity Shares upon listing on the Stock Exchange.
- The company has presented certain supplemental information of its performance and liquidity which is not prepared under or required under AS.
- Significant differences exist between Indian GAAP and other accounting principles, such as U.S. GAAP and IFRS, which investors may be more familiar with and may consider material to their assessment of the company's financial condition.
- Pursuant to listing of the Equity Shares, the company may be subject to pre-emptive surveillance measures like Additional Surveillance Measure (ASM) and Graded Surveillance Measures (GSM) by the Stock Exchange in order to enhance market integrity and safeguard the interest of investors.
How to check the allotment status of Farm Peace Ltd IPO?
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Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
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The IPO opens on 01 Sept 2026 & closes on 03 Sept 2026.
Farm Peace Limited was incorporated as a private limited Company as 'Farm Peace Private Limited' vide certificate of incorporation dated October 20, 2021 issued by the Deputy Registrar of Companies, Central Registration Centre. Further, company was converted from a private limited Company to a public limited Company, and the name of the Company was changed to 'Farm Peace Limited' dated October 14, 2024 via fresh Certificate of Incorporation issued by the Registrar of Companies.
Farm Peace is an integrated contract farming company specializing in processed-grade potato varieties like Santana, Frysona, Innovators, Lady Rosetta, and Chipsona, supplying processing companies for manufacturing French fries, chips, and other potato-based products. It offer comprehensive support to farmers, including seed selection, soil preparation, irrigation, pest management, and harvesting guidance. By aligning with regional agro-climatic conditions, we help farmers adopt suitable varieties, boosting productivity and reducing post-harvest losses. In Gujarat, Company cultivate 5,100 acres, producing 55,000 metric tonnes annually.
The story began in October 2021 with a simple idea from the start, whereby the Company chose to focus on processing grade potato varieties which in turn are the key ingredients for frozen products like French fries, potato chips, and other value-added products. The Company provide farmers with certified seed varieties, agronomic support, and technical assistance throughout the life cycle of growing the processed-grade potatoes, while assuring them of buying their produce at pre-agreed prices. This helps them improve yield quality, reduce post-harvest losses, and ensure consistent supply of quality raw material for processing applications.
Apart from this, Company provide high-yielding hybrid seed varieties selected for traits such as pest resistance, environmental adaptability, and processing suitability. In addition, it extend agronomic support and technical assistance across the processing potato crop cycle from land preparation and sowing to cultivation, harvesting, and post-harvest handling. It then supply processing-grade potatoes to a diverse food processing industry. These potatoes are cultivated to meet stringent quality parameters, including size, shape, and dry matter content, making them suitable for industrial processing lines.
Company is planning the IPO of 54,24,000 equity shares having the face value Rs 10 through Fresh Issue.
Farm Peace Ltd IPO will close on 03 Sept 2026.
- 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.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Sandipkumar Narsinhbhai Pate | 1680000 | 11.09 | 1680000 | 8.16 |
| 2 | Sudhir Haribhai Patel | 2304000 | 15.2 | 2304000 | 11.2 |
| 3 | Girishbhai Faljibhai Patel | 1956000 | 12.91 | 1956000 | 9.5 |
| 4 | Kulin Kiran Patel | 2000000 | 13.2 | 2000000 | 9.72 |
| 5 | Hina Dinesh Patel | 828336 | 5.47 | 828336 | 4.03 |
| 6 | Chaudhari Dishantkumar Dineshb | 160000 | 1.06 | 160000 | 0.78 |
| 7 | Desai Jitendrakumar Narpatbhai | 160000 | 1.06 | 160000 | 0.78 |
| 8 | Sudhirkumar Pravinbhai Patel | 160000 | 1.06 | 160000 | 0.78 |
| 9 | Viraj Hasmukhbhai Patel | 920000 | 6.07 | 920000 | 4.47 |
| 10 | Vaibhavbhai J. Patel | 80000 | 0.53 | 80000 | 0.39 |
| 11 | Bimla Tiwari | 480000 | 3.17 | 480000 | 2.33 |
| 12 | Poonam Shandliya | 160000 | 1.06 | 160000 | 0.78 |
| 13 | Vivek Suresh Trivedi | 80000 | 0.53 | 80000 | 0.39 |
| 14 | Rajeshkumar V. Patel | 160000 | 1.06 | 160000 | 0.78 |
| 15 | Tusharkumar Narendrabhai Chaud | 80000 | 0.53 | 80000 | 0.39 |
- The Company does not enter into formal contracts with farmers and operates through verbal arrangements. Absence of formal contracts with farmers and reliance on informal arrangements may result in non-performance, disputes, or supply shortfalls, which could affect its business, financial condition, and results of operations.
- Dependence on seasonal and climatic conditions for processed-grade potato cultivation may expose it to risks of reduced yield, which could affect the company's operations, financial performance, and results of business.
- Concentration of the company's operations in Gujarat exposes it to regional risks, and any loss of business in this region could adversely affect its business, results of operations, and financial condition.
- Any significant dependence on third-party suppliers for seeds may expose it to risks relating to availability, quality, and timely supply of inputs, and any disruption could adversely affect the company's operations, financial condition, and results of business.
- The company's dependence on frozen potato manufacturers and snack producers for the sale of processed-grade potatoes may expose it to risks arising from limited market coverage and reliance on a few buyers, and any disruption in such relationships could adversely affect its financial condition, business. and results of operations.
- Exposure to price fluctuations in seed procurement and processed-grade potato sales may adversely affect the company's cost structure, margins, financial performance, and overall results of operations.
- The company's dependence on a limited product portfolio may restrict growth and expose it to sector-specific risks.
- The company has experienced negative cash flows in previous Fiscals and may continue to have negative cash flows in the future.
- Seasonality in the company's business and dependence on specific cropping cycles could result in fluctuations in the company's results of operations.
- The Restated Financial Information provided in this Prospectus has been provided by the Peer Reviewed Chartered Accountants who are not the Statutory Auditors of the Company.
- There are outstanding legal proceedings involving the Company, Promoters, Directors, Key Managerial Personnel, Senior Managerial Personnel and Group Companies. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- Fluctuations in demand, pricing, or export policies for processed potato products, including frozen products, chips and dehydrated potato segments may impact the company's business, financial condition, and results of operations.
- The company has not implemented the audit trail feature in past, which may increase the risk of inadequate tracking of changes in accounting records, unauthorized modifications, and potential challenges in ensuring data integrity, internal controls, and compliance with applicable statutory requirements.
- Differences identified in lender submissions and related statutory reconciliations may expose the Company to financing, tax and regulatory risks.
- The Company does not have any listed peer operating in the same line of business, and industry comparisons may not accurately reflect its performance.
- Failures to maintain quality standards in crop procurement, storage, and distribution, or any non-compliance with regulatory and certification requirements, may lead to disputes, liabilities, and reputational impact.
- The company has applied for registration of its logo under the Trademarks Act, 1999. However, the same has not yet been registered. Failures to protect its intellectual property rights may adversely affect the company's competitive business position, financial condition and profitability.
- There has been delay in filing of forms with the Registrar of Companies as per the stipulated timelines prescribed under the Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for delay in such compliances could impact the reputation and financial position of the Company to that extent.
- Absence of insurance coverage for the company's cold storage operations and produce may expose it to significant risks and potential losses.
- Any future penalties or demands raised by statutory authorities may adversely impact the financial position of the Company.
- Farmer dissatisfaction, disputes, or competing alternatives could reduce participation in future crop cycles and affect continuity of supply.
- Losses incurred by the company's Group Companies may have an indirect adverse impact on its business and financial condition.
- The company's business is working-capital intensive and dependent on timely availability of financing; failures to maintain adequate working capital may adversely affect its business, financial condition, and results of operations.
- High inventory holding periods could strain the company's liquidity, increase working capital requirements, and adversely affect its financial condition and result of operations.
- A significant share of the company's current assets is tied up in trade receivables. Any delay in customer payments may lead to working capital mismatches and affect the short-term financial position of the company.
- The company has incurred indebtedness which exposes it to various risks which may have an adverse effect on the company's business, results of operations and financial conditions. Conditions and restrictions imposed on it by the agreements governing its indebtedness could adversely affect the company's ability to operates its business.
- The company has unsecured loans outstanding from its Directors and Promoters, which may be recalled at any time and could adversely affect the company's financial condition.
- The company's revenue and profitability is subject to fluctuations due to agricultural cycles, climatic variations, and seasonality, which may adversely impact its financial results.
- Non-compliance with and changes in any of the applicable laws, rules or regulations may adversely affect the company's business, results of operations and financial condition and cash flows.
- The company requires certain approvals, licenses, registrations and permits for conducting its business and the company's inability to obtain, retain or renew them in a timely manner, or at all, may adversely affect its business, results of operations and financial condition.
- The Objects of the Issue for which the funds are being raised have not been appraised by any bank or financial institutions. Any variation in the utilization of the company's Net Proceeds as disclosed in this Prospectus would be subject to certain compliance requirements, including prior Shareholders approval.
- The Objects of the Issue include funding incremental working capital requirements, which is based on certain assumptions and estimates. Any failures in arranging adequate working capital for the company's operations may adversely affect its business, results of operations, cash flows and financial conditions.
- Heavy reliance on farmers and their agricultural practices may expose it to operational risks, which could affect the company's business, financial condition, and results of operations.
- Post-harvest losses due to inadequate handling, logistics, or storage may adversely affect the company's results of operations.
- Dependence on third-party logistics and potential disruptions in transportation may materially affect the timely movement of processed-grade potatoes and impact the company's business, financial condition, and results of operations.
- Dependence on leased cold storage facilities could affect continuity of operations, results of business, and financial condition.
- Dependence on climatic conditions and exposure to natural risks may materially affect crop yields, operations, and financial performance.
- The industry in which the company operates possess various risks and challenges as provided in the Industry Report titled "Report on Contract Farming (Focus: Processed Variety of Potato) in India" dated September 19, 2025, which is exclusively prepared for the purposes of the Offer and issued by D&B and is commissioned and paid for by the Company ("D&B Report").
- The company's business depends on sustaining long-term relationships with farmers, and any dissatisfaction over pricing, seed supply, or crop outcomes may reduce their participation. A decline in farmer engagement could disrupt its sourcing model, leading to supply shortfalls and an adverse impact on the company's operations and financial performance.
- The company's business is highly dependent on the seamless functioning of an integrated supply chain covering procurement of seeds and agri-inputs, distribution to farmers, post-harvest storage, and transportation of produce to customers. Any disruption or inefficiency in this supply chain could materially and adversely affect its business operations, financial condition, and results of operations.
- If the company fails to maintain an effective system of internal controls, the company may not be able to successfully manage, or accurately report, its financial risks. Despite the company's internal control systems, its may be exposed to operational risks, including fraud, petty theft and embezzlement, which may adversely affect the company's reputation, business, financial condition, results of operations and cash flows.
- Inadequate adoption of recommended modern farming practices by farmers may affect crop yields, quality, and supply consistency may impact the company's operations.
- Failures of IT systems, data security breaches, or loss of data may disrupt operational monitoring and decision-making processes.
- The company's registered office is owned by its Group company, Hcube Impex LLP. The company's inability to continue operating from such premises, or to seek renewal or extension of such lease may adversely affect its business and results of operations.
- Any withdrawal, modification or discontinuation of special tax benefits available to the Company may adversely affect its profitability and financial position if such benefits are availed by it in the future.
- Any inability to expand the company's business into new regions and markets in India or the sub-optimal performance of its new facilities could adversely affect the company's business, prospects, results of operations, financial condition and cash flows.
- The company's insurance coverage may not be adequate to protect it against all potential losses, which may have a material adverse effect on the company's business, financial condition, cash flows and results of operations.
- The company has commissioned an industry report from Dun & Bradstreet Information Services India Private Limited, which has been used for industry related data in this Prospectus.
- The company's Promoters and Promoter Group exercise significant influence over the management and policies of the Company, which may not always align with the interests of minority shareholders. Any adverse developments relating to their reputation, financial standing, or withdrawal of support could materially impact its business operations and investor confidence.
- The company's success depends largely upon the knowledge and experience of its Promoters.
- The company's Promoters and Promoter Group will continue to retain a majority shareholding in the Company after the Issue, which will allow them to exercise significant influence over it.
- The company's Directors and Promoters may enter into ventures which are in businesses similar to its.
- The company has entered, and will continue to enter, into related party transactions which may involve conflicts of interest. Further, its Promoters, Directors and Key Managerial Personnel may have interests in it other than reimbursement of expenses incurred and normal remuneration or benefits.
- The determination of the Issue Price is based on various factors and assumptions and the Issue Price of the Equity Shares may not be indicative of the market price of the Equity Shares upon listing on the Stock Exchange.
- The company has presented certain supplemental information of its performance and liquidity which is not prepared under or required under AS.
- Significant differences exist between Indian GAAP and other accounting principles, such as U.S. GAAP and IFRS, which investors may be more familiar with and may consider material to their assessment of the company's financial condition.
- Pursuant to listing of the Equity Shares, the company may be subject to pre-emptive surveillance measures like Additional Surveillance Measure (ASM) and Graded Surveillance Measures (GSM) by the Stock Exchange in order to enhance market integrity and safeguard the interest of investors.
The Issue type of Farm Peace Ltd is Fixed Price - SME.
The minimum application for shares of Farm Peace Ltd is 4000.
The total shares issue of Farm Peace Ltd is 5424000.
Initial public offering of 54,24,000 equity shares of face value of Rs. 10/- each ("Equity Shares") for cash at a price of Rs. 59/- per equity share (including a premium of Rs. 49/- per equity share) ("Issue Price") aggregating to Rs. 32 Crores ("the Issue"). The issue constitute 26.36% of the post-issue paid up equity share capital of the company.
The issue includes a reservation of 2,72,000 equity shares aggregating to Rs. 1.60 Crores (constituting up to 1.32% of the post issue paid-up equity share capital of the company) for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion is hereinafter referred to as the "Net Issue". The issue and the net issue will constituted 26.36% and 25.03% respectively, of the post-issue paid-up equity share capital of the company.
The face value of the equity shares is Rs. 10/- each.
Issue price of Rs. 59/- per equity share.
The issue price is 5.9 times of the face value of the equity shares.
Application can be made for a minimum of 4,000 equity shares and in multiples of 2,000 equity shares thereafter.