Farm Peace Shares List at 90% Premium on BSE SME

Farm Peace shares made a stellar stock market debut on September 8, 2026, listing at ₹112.10 per share on the BSE SME platform. The listing price represented a 90% premium over the IPO issue price of ₹59 per share.

The listing followed the company’s ₹32 crore IPO, which was open for subscription from September 1 to September 3, 2026. The public issue received moderate investor demand and was subscribed around 1.16 times.

Farm Peace’s IPO comprised entirely a fresh issue of 54.24 lakh equity shares.

Incorporated in October 2021, Farm Peace is an integrated contract farming company focused on processed-grade potato varieties supplied primarily to food processing companies.

Farm Peace IPO Listing Details

Farm Peace launched its ₹32 crore fixed-price IPO, comprising entirely a fresh issue of 54.24 lakh equity shares. The bidding window opened on September 1 and closed on September 3, 2026.

The IPO issue price was fixed at ₹59 per equity share, with a face value of ₹10 per share. The market lot was 2,000 shares, while the minimum application was 4,000 shares or two lots, requiring an investment of ₹2,36,000.

The IPO was subscribed around 1.16 times overall. The individual investor category was subscribed 0.59 times, while the NII category received around 1.73 times subscription.

Farm Peace subsequently made its stock market debut at ₹112.10 per share on the BSE SME platform, representing a premium of 90% over its IPO issue price.

• Issue Price: ₹59 per share
• BSE SME Listing Price: ₹112.10 per share
• Listing Premium: 90%
• IPO Size: ₹32 crore
• Fresh Issue: 54.24 lakh equity shares
• Market Lot Size: 2,000 shares
• Minimum Application: 4,000 shares
• Minimum Investment: ₹2,36,000
• IPO Open Date: September 1, 2026
• IPO Close Date: September 3, 2026
• Allotment Date: September 4, 2026
• Listing Date: September 8, 2026
• Listing Platform: BSE SME

First-Day Trading Performance

Listing Price: Farm Peace share price debuted at ₹112.10 per share on the BSE SME platform against its IPO issue price of ₹59, translating into a strong listing premium of 90%.

Following the stellar opening, the stock gave up some of its listing gains during early trading. As of around 10:07 AM on September 8, Farm Peace shares were trading at ₹106.50, remaining 80.51% above the IPO issue price.

At ₹106.50, the stock was around 5% below its ₹112.10 listing price, although investors who received shares at the IPO price continued to sit on substantial gains.

The strong listing came despite relatively modest demand for the company’s ₹32 crore public issue, which was subscribed around 1.16 times overall.

Growth Drivers and Challenges

Growth Drivers

Integrated Farming Model: Manages production through contract farming partnerships.

Processor-Focused Products: Cultivates specialised processed-grade potato varieties.

Large Cultivation Network: Operates across over 5,660 acres.

Buy-Back Model: Provides farmers with assured procurement arrangements.

Cold Chain Infrastructure: Supports quality throughout storage and transportation.

Challenges

Geographic Concentration: Farming operations remain primarily concentrated in Gujarat.

Agricultural Risks: Production remains exposed to weather conditions.

Higher Borrowings: Debt increased considerably during fiscal 2026.

Working Capital Needs: Expansion requires significant incremental working capital.

Customer Demand Exposure: Business depends on food processing demand.

Utilisation of IPO Proceeds

Farm Peace’s ₹32 crore IPO consisted entirely of a fresh issue of 54.24 lakh equity shares.

The company intends to utilise ₹23 crore of the proceeds towards funding incremental working capital requirements. The remaining proceeds are intended for general corporate purposes and issue-related expenses.

The public issue comprised:

• Fresh issue of 54.24 lakh equity shares
• Total IPO size of ₹32 crore
• ₹23 crore for incremental working capital
• General corporate purposes
• Issue-related expenses

Socradamus Capital Private Limited acted as the lead manager for the IPO, while Bigshare Services Private Limited served as the registrar. Shreni Shares Limited acted as the market maker.

Business and IPO Overview

Incorporated in October 2021, Farm Peace Limited is an integrated contract farming company specialising in processed-grade potato varieties such as Santana, Frysona, Innovators, Lady Rosetta and Chipsona.

Operating under the Farm Peace brand, the company works closely with farmers through a 100% buy-back model. It provides seeds, fertilisers and agronomic support to farmers and procures the resulting produce for supply to food processing companies.

The potatoes cultivated through its network are primarily used by processors to manufacture products such as french fries, chips and other potato-based foods.

As of August 2026, the company cultivated more than 5,660 acres and had annual potato production of approximately 61,680 metric tonnes. Its cold storage and temperature-controlled logistics infrastructure supports the movement of produce from farms to processing customers.

Farm Peace reported total income of ₹90.84 crore in FY26, compared with ₹79.98 crore in FY25 and ₹62.75 crore in FY24.

Profit after tax increased to ₹7.53 crore in FY26 from ₹6.66 crore in FY25 and ₹6.16 crore in FY24. Net worth increased to ₹43.48 crore as of March 31, 2026, while total borrowings rose to ₹11.28 crore from ₹2.46 crore in the previous financial year.

Farm Peace entered the public markets through a ₹32 crore fixed-price IPO consisting entirely of a fresh issue of 54.24 lakh equity shares. The issue opened on September 1 and closed on September 3, 2026, with the issue price fixed at ₹59 per share.

The IPO received an overall subscription of around 1.16 times. Individual investors subscribed 0.59 times their reserved portion, while the NII category was subscribed around 1.73 times.

Farm Peace made a stellar stock market debut on September 8, 2026, with shares listing at ₹112.10 on the BSE SME platform, representing a 90% premium over the IPO issue price of ₹59.

Following the listing, the stock gave up some gains during early trade. At around 10:07 AM, shares were trading at ₹106.50, still 80.51% above the IPO issue price.