Farm Peace Ltd IPO
Miscellaneous
Price Band
₹59 – ₹59
Lot Size
2000
Minimum Bid Quantity
4000
Minimum Investment
₹236000
Issue Size
₹32Cr
Opens
2026-09-01
Closes
2026-09-03
Listing
08-09-2026
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE0W2E01010
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Farm Peace Limited is an integrated contract farming company focused on cultivating and supplying processed-grade potato varieties to food processing companies. The company works with farmers under a 100% buy-back model. It provides certified seed varieties, agronomic support and technical assistance covering land preparation, sowing, irrigation, pest management, harvesting and post-harvest handling. Its potato varieties include Santana, Frysona, Innovator, Lady Rosetta and Chipsona, which are used in products such as French fries, potato chips, flakes, powders and other processed potato products. The company also supplies processing-grade potatoes to frozen food manufacturers, snack companies and other processing units. It operates primarily in Gujarat and, as of FY26, cultivated over 5,660 acres and produced 61,680 metric tonnes of potatoes annually. Its operations are supported by the Farm Peace mobile application, which is used for farmer KYC, seed distribution and recording field-level activities. The company also uses leased cold storage facilities and temperature-controlled logistics in Gujarat.
Pros
- • The company operates a 100% buy-back model for processing-grade potatoes. Under this model, it procures farmers’ produce at pre-agreed prices and specified quality parameters, reducing their exposure to open-market price fluctuations.
- • The company operates in potato-growing regions of Gujarat that are suited to processing-grade varieties. It cultivates and procures potatoes in Sabarkantha, Aravalli, Mehsana and Banaskantha, where the prospectus states that soil and climatic conditions are favourable for processing-grade potatoes.
- • The company has expanded its farmer network and cultivation area. Its cultivation area increased from around 1,400 acres with 23,000 metric tonnes of production in FY23 to 5,660 acres with 61,680 metric tonnes in FY26. As of FY26, the company states that more than 800 farmers participated in its farming programme.
Cons
- • The company does not currently enter into formal written contracts with farmers and relies on verbal arrangements for potato procurement. If farmers choose to sell their produce to third parties when market prices are higher than the agreed prices or fail to follow specified cultivation and quality requirements, the company could face supply shortages, quality issues or disputes. This could also require it to procure potatoes from alternate sources at higher prices and affect its ability to meet customer requirements.
- • The company’s processed-grade potato cultivation is dependent on seasonal and climatic conditions, while its operations are geographically concentrated in Gujarat. Events such as droughts, unseasonal rainfall, floods, heat waves, hailstorms, cold waves, pests or crop diseases could reduce potato yields and affect processing quality. A localised crop shortfall in Gujarat could also force the company to procure potatoes from other regions at higher costs, which may affect its margins and ability to meet customer requirements.
- • The company’s contract farming, potato procurement, cultivation, cold storage and supply chain operations are primarily concentrated in Gujarat, with no cultivation or procurement network currently established outside the state. Any adverse political, regulatory, climatic, labour or infrastructure developments in Gujarat could disrupt its cultivation, storage and logistics operations. The company may also face higher transportation and procurement costs if it has to source potatoes from other regions, which could affect its margins and customer supply commitments.
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