Farm Peace IPO
Farm Peace LtdSME
This IPO is now Live.
- Open date
- 1 Sep 2026
- Close date
- 3 Sep 2026
- Min. Investment
- ₹2,36,000
- Lot Size
- -
- Fresh Issue
- ₹32.00 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- DRHP - PDF(opens in a new tab)
Subscription rate
- Qualified Institutional Buyers0.00x
- Non-Institutional Investors0.00x
- Retail-Individual Investors0.00x
- Total0.00x
Schedule
- Completed: IPO open date1 Sep 2026
- Current step: IPO close date3 Sep 2026
- Upcoming: Allotment date4 Sep 2026
- Upcoming: Funds unblock or debit7 Sep 2026
- Upcoming: Tentative listing date8 Sep 2026
About
Promoter shareholding in Farm Peace Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Sandipkumar Narsinhbhai Pate | 16,80,000 | 11.09% | 16,80,000 | 8.16% |
| Sudhir Haribhai Patel | 23,04,000 | 15.20% | 23,04,000 | 11.20% |
| Girishbhai Faljibhai Patel | 19,56,000 | 12.91% | 19,56,000 | 9.50% |
| Kulin Kiran Patel | 20,00,000 | 13.20% | 20,00,000 | 9.72% |
| Hina Dinesh Patel | 8,28,336 | 5.47% | 8,28,336 | 4.03% |
| Chaudhari Dishantkumar Dineshb | 1,60,000 | 1.06% | 1,60,000 | 0.78% |
| Desai Jitendrakumar Narpatbhai | 1,60,000 | 1.06% | 1,60,000 | 0.78% |
| Sudhirkumar Pravinbhai Patel | 1,60,000 | 1.06% | 1,60,000 | 0.78% |
| Viraj Hasmukhbhai Patel | 9,20,000 | 6.07% | 9,20,000 | 4.47% |
| Vaibhavbhai J. Patel | 80,000 | 0.53% | 80,000 | 0.39% |
| Bimla Tiwari | 4,80,000 | 3.17% | 4,80,000 | 2.33% |
| Poonam Shandliya | 1,60,000 | 1.06% | 1,60,000 | 0.78% |
| Vivek Suresh Trivedi | 80,000 | 0.53% | 80,000 | 0.39% |
| Rajeshkumar V. Patel | 1,60,000 | 1.06% | 1,60,000 | 0.78% |
| Tusharkumar Narendrabhai Chaud | 80,000 | 0.53% | 80,000 | 0.39% |
Farm Peace IPO Strengths & Risks
- 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 Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the 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.
- Risks Relating to the Business: 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.
- Risks Relating to the 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: The company's dependence on a limited product portfolio may restrict growth and expose it to sector-specific risks.
- Risks Relating to the Business: The company has experienced negative cash flows in previous Fiscals and may continue to have negative cash flows in the future.
- Risks Relating to the Business: Seasonality in the company's business and dependence on specific cropping cycles could result in fluctuations in the company's results of operations.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: Differences identified in lender submissions and related statutory reconciliations may expose the Company to financing, tax and regulatory risks.
- Risks Relating to the Business: The Company does not have any listed peer operating in the same line of business, and industry comparisons may not accurately reflect its performance.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: Absence of insurance coverage for the company's cold storage operations and produce may expose it to significant risks and potential losses.
- Risks Relating to the Business: Any future penalties or demands raised by statutory authorities may adversely impact the financial position of the Company.
- Risks Relating to the Business: Farmer dissatisfaction, disputes, or competing alternatives could reduce participation in future crop cycles and affect continuity of supply.
- Risks Relating to the Business: Losses incurred by the company's Group Companies may have an indirect adverse impact on its business and financial condition.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: High inventory holding periods could strain the company's liquidity, increase working capital requirements, and adversely affect its financial condition and result of operations.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: Post-harvest losses due to inadequate handling, logistics, or storage may adversely affect the company's results of operations.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: Dependence on leased cold storage facilities could affect continuity of operations, results of business, and financial condition.
- Risks Relating to the Business: Dependence on climatic conditions and exposure to natural risks may materially affect crop yields, operations, and financial performance.
- Risks Relating to the Business: 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").
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: Inadequate adoption of recommended modern farming practices by farmers may affect crop yields, quality, and supply consistency may impact the company's operations.
- Risks Relating to the Business: Failures of IT systems, data security breaches, or loss of data may disrupt operational monitoring and decision-making processes.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: The company's success depends largely upon the knowledge and experience of its Promoters.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: The company's Directors and Promoters may enter into ventures which are in businesses similar to its.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: The company has presented certain supplemental information of its performance and liquidity which is not prepared under or required under AS.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
