Farm Peace

Farm Peace Limited was incorporated in 2021 and operates an integrated contract farming model focused on processed-grade potatoes. Its key varieties include Santana, Frysona, Innovator, Lady Rosetta and Chipsona, which are used in French fries, potato chips, flakes and other value-added food products. The company works with farmers through a 100% buy-back arrangement and provides certified seeds, agronomic guidance, crop management support, fertilizers, pesticides and assistance with irrigation and harvesting. As of FY2026, the company had expanded cultivation to approximately 5,660 acres, worked with more than 800 farmers and sold approximately 61,680 metric tonnes of potatoes. Its competitive strengths include a structured farmer network, end-to-end agricultural support, suitable agro-climatic conditions in Gujarat and established relationships with food-processing customers. The promoters are Sandipkumar Narsinhbhai Patel, Sudhir Haribhai Patel, Girishbhai Faljibhai Patel and Kulin Kiran Patel. :contentReference[oaicite:5]{index=5}

Farm Peace IPO is a fixed-price BSE SME issue of ₹32 Cr comprising an entirely fresh issue of 54.24 lakh equity shares at ₹59 per share. The IPO opens on September 1, 2026 and closes on September 3, 2026, with tentative listing on September 8, 2026. The company proposes to use ₹23 Cr for incremental working capital, ₹4.80 Cr for general corporate purposes and ₹4.20 Cr towards issue expenses. FY2026 revenue was ₹90.84 Cr and PAT was ₹7.53 Cr, with ROCE of 26.64%, RoNW of 17.32% and Debt/Equity of 0.26. The pre-issue P/E is approximately 11.87x while the post-issue P/E is approximately 16.12x, making the valuation more moderate on a pre-issue basis but fuller after dilution. Key risks include agricultural yield variability, potato price and demand fluctuations, dependence on food-processing customers, working-capital requirements and the execution of the contract-farming model. :contentReference[oaicite:6]{index=6}