Farm Peaces IPO Day 2: Check latest GMP, subscription, key dates, issue details
The Farm Peace IPO runs from September 1-3, priced at ₹59 per share. The company is raising ₹32 crore through a fresh issue, primarily for working capital. The allotment will be finalised on September 4, with shares listed on the BSE SME platform on September 8.
The Farm Peace initial public offering (IPO) began on Tuesday, 1 September, and will end on Thursday, 3 September. The Farm Peace IPO price band is set at ₹59 per equity share, with a face value of ₹10 per share.
The Farm Peaces IPO lot size has been fixed at 2,000 equity shares, with bids accepted in multiples of 2,000 shares thereafter.
The Farm Peace IPO allotment is expected to be finalised on Friday, 4 September, with the refund process initiated on Monday, 7 September, and the company's shares likely to be listed on the BSE SME platform on Tuesday, 8 September.
Farm Peace is an integrated contract farming company focused on processed-grade potato varieties such as Santana, Frysona, Innovators, Lady Rosetta and Chipsona. These varieties are primarily supplied to food processing companies for making French fries, potato chips and other value-added products.
Operating under the “Farm Peace” brand, the company works closely with farmers in Gujarat through a 100% buy-back model. It provides certified seeds, agronomic guidance, fertilisers, pesticides and modern farming practices, including drip irrigation, to help farmers improve productivity and minimise cultivation risks. Under the model, Farm Peace assures farmers of purchasing their produce at pre-agreed prices, thereby shielding them from market price fluctuations.
The company supports farmers across the entire cultivation cycle, from seed selection and soil preparation to irrigation, pest management, harvesting and post-harvest handling. Its cold storage facilities and temperature-controlled logistics help maintain product quality and ensure that the harvested potatoes reach processing companies with minimal losses.
Farm Peaces IPO GMP today
Farm Peaces IPO GMP is ₹0, which means shares were trading at their issue price of ₹59 with no premium or discount in the grey market, according to investorgain.com.
Farm Peaces IPO subscription status
Farm Peaces IPO subscription status was 1% on day 1. The retail portion is subscribed 1%, and NII portion has been booked 1%.
The company has received bids for 50,000 shares against 51,52,000 shares on offer, according to chittorgarh.com
Farm Peaces IPO details
The Farm Peace IPO comprises entirely a fresh issue. The company aims to raise ₹32 crore by issuing 54.24 lakh equity shares.
Farm Peace plans to utilise the entire net proceeds from the issue for business requirements. Of this, ₹23 crore has been earmarked to fund incremental working capital needs. Another ₹4.80 crore will be used for general corporate purposes, while around ₹4.20 crore has been allocated towards issue-related expenses.
Socradamus Capital Pvt. Ltd. is the book-running lead manager for the IPO, while Bigshare Services Pvt. Ltd. is acting as the registrar.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.
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