Farm Peace Ventures into Public Markets with IPO Launch

Farm Peace, an integrated contract farming company, announced on Monday its plans to go public by filing preliminary papers with the BSE's SME platform. The company seeks to raise capital through an initial public offering (IPO), marking a substantial move in its expansion strategy.

The IPO is designed as a fresh issue, comprising 54.24 lakh equity shares, each with a face value of Rs 10, according to the company's statement. The Ahmedabad-based Farm Peace intends to utilize Rs 23 crore from the fresh issue to meet its growing working capital requirements while directing the remainder towards general corporate purposes.

Founded in 2021, Farm Peace has carved a niche in offering processed-grade potato varieties. The company provides all-encompassing support to farmers, managing the entire farming cycle. Key industry figure Neeraj Vishnukumar Gupta, known for founding Meru Cabs, advises the company. With fiscal success, the company reported a revenue of Rs 79.24 crore and a profit after tax of Rs 6.66 crore in FY 25. Farm Peace plans to list the shares on the BSE's SME platform, with Socradamus Capital as the sole book-running lead manager.

(With inputs from agencies.)