About Farm Peace
Farm Peace Limited is launching a fixed-price SME IPO. Incorporated in October 2021, the company is an integrated contract farming business focused on producing processed-grade potato varieties (such as Santana, Frysona, Innovator, Lady Rosetta, and Chipsona) supplied to major manufacturers for French fries and potato chips.
Business & Operations
Core Business: Works with farmers primarily across Gujarat (Sabarkantha, Aravalli, Mehsana, and Banaskantha districts) under a 100% buy-back contract farming model.
Support System: Provides certified seed potatoes, agronomic advice, fertilizers, and technology-driven post-harvest handling to farmers, purchasing the yield back at pre-agreed prices.
Scale: Cultivates over 5,660 acres producing roughly 61,680 metric tonnes of potatoes annually.
Strengths: Fully integrated 100% buy-back model, established buyer demand in the QSR/snack industry, and strong agro-climatic presence in Gujarat.
Risks
Heavy geographic concentration in Gujarat.
Contracts with farmers are largely based on verbal agreements rather than legally binding contracts.
Reliance on a limited product line (processing-grade potatoes) and weather dependence.
Past instances of negative operating cash flows.
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