Q&T Foods IPO
Updated 11 Sept 2026, 5:03 pm.
Minimum investment (Individual investors (IND))
₹2,76,000
2 lots · 2,400 shares at the upper price band
Price band
₹115
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹24.91 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- SME
- Price band
- ₹115
- Issue size
- ₹24.91 Cr
- Lot size
- 1,200
- Opens
- 12 Aug 2026
- Closes
- 14 Aug 2026
- Allotment
- 17 Aug 2026
- Listing
- 19 Aug 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Skyline Financial Services Pvt.Ltd.
- Minimum investment
- ₹2,76,000 (2 lots · 2,400 shares)
- Face value
- ₹10 per share
- Issue type
- Fixed Price IPO
- Sale type
- Fresh capital only
- Listing at
- BSE SME
- Refunds
- 18 Aug 2026
- Shares credited
- 18 Aug 2026
- Promoter holding
- 91.28% before · 61.86% after
- Lead managers
- Corporate Makers Capital Ltd.
Offer documents & links
Subscription by category
As of 14 Aug 2026, 1:24 pm.
Total subscription
1.42x
Full issue details
Details as published for this issue, read 11 Sept 2026, 5:00 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 12 to 14 Aug, 2026 |
|---|---|
| Listed on | Wed, Aug 19, 2026 |
| Face Value | ₹ 10 per share |
| Issue Price | ₹115 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 22,81,200 shares (agg. up to ₹ 26 Cr) |
|---|---|
| Reserved for Market Maker | 1,15,200 shares (agg. up to ₹ 1 Cr) Prabhat Financial Services Ltd. |
| Fresh Issue (Ex Market Maker) | 21,66,000 shares (agg. up to ₹ 25 Cr) |
| Net Offered to Public | 21,66,000 shares (agg. up to ₹ 25 Cr) |
| Share Holding Pre Issue | 47,96,000 shares |
| Share Holding Post Issue | 70,77,200 shares |
| BSE Script Code | 544872 |
| ISIN | INE13G401012 |
IPO Timetable
- IPO Open
- Wed, Aug 12, 2026
- IPO Close
- Fri, Aug 14, 2026
- Allotment
- Mon, Aug 17, 2026
- Refund
- Tue, Aug 18, 2026
- Credit of Shares
- Tue, Aug 18, 2026
- Listing
- Wed, Aug 19, 2026
Issue Reservation
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) | 10,83,600 | 50.00% | 47.48% |
| Retail | 10,83,600 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker | 1,15,200 | — | 5.05% |
| Total | 22,82,400 | 100.00% | 100.00% |
Q&T Foods IPO comprises a total issue size of 22,82,400 shares. The net offer to the public is 21,67,200 shares, after excluding 1,15,200 shares allotted on a firm basis. Of the Net offer 10,83,600 (50.00%) allocated to NII 10,83,600 (50.00%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,76,000 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,76,000 |
| HNI (Min) | 3 | 3600 | ₹4,14,000 |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
IPO Subscription Details
About Q&T Foods Ltd.
Incorporated in August 2018, Q&T Foods Limited is a bakery products manufacturer engaged in the production, distribution, marketing, and sale of breads, buns, pizza bases, kulchas, pav, and other bakery products under its flagship brand "American Bakers".
The company primarily operates in Uttar Pradesh and nearby regions, offering a diversified portfolio of bakery products including Milk Bread, White Bread, Brown Bread, Multigrain Bread, Burger Buns, Pav, Kulcha, and Pizza Bases. Its products are distributed through a network of 50+ dealers, catering to local consumers and retail outlets.
Q&T Foods manufactures all products at its ISO 22000:2018 and HACCP-certified manufacturing facility located in Ghaziabad, Uttar Pradesh, spread across 10,750 sq. ft. with an installed capacity of 9,472 TPA. The company follows stringent quality control processes and procures key raw materials such as flour, sugar, yeast, oils, and additives from suppliers across Uttar Pradesh.
The company has demonstrated steady growth, with revenue from operations increasing from ₹36.85 crore in FY23 to ₹46.83 crore in FY25, supported by expanding distribution reach and operational efficiencies.
As of June 30, 2026, Q&T Foods employed 37 personnel across production, sales, quality control, administration, and support functions.
Strengths:
Established "American Bakers" brand in the regional bakery market.
Modern ISO 22000:2018 & HACCP-certified manufacturing facility.
Strong distribution network with 50+ dealers.
Focus on quality assurance and timely product delivery.
Experienced promoter with deep bakery industry expertise.
Fully integrated in-house manufacturing operations.
Consistent revenue growth and improving profitability.
Diverse product portfolio catering to everyday bakery consumption.
Company Financials (Restated)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 26.57 | 19.68 | 14.34 |
| Total Income | 54.78 | 46.83 | 40.22 |
| Profit After Tax | 5.20 | 2.74 | 1.96 |
| EBITDA | 8.37 | 4.82 | 3.77 |
| NET Worth | 12.24 | 7.04 | 2.44 |
| Reserves and Surplus | 7.44 | 2.24 | 2.34 |
| Total Borrowing | 11.05 | 10.11 | 9.84 |
| Amount in ₹ Crore |
Q&T Foods Ltd.'s revenue increased by 17% and profit after tax (PAT) rose by 90% between the financial year ending with March 31, 2026 and March 31, 2025.
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|---|---|---|---|---|---|---|---|
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IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To finance the Capital expenditure requirements for the purchase of Equipment/Machineries for existing manufacturing facility | 4.42 |
| 2 | To part finance the requirement of Working Capital | 7.50 |
| 3 | Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company | 6.75 |
| 4 | To meet General corporate purposes | 3.92 |
| Total | 22.59 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 53.95% | 57.71% |
| ROCE | 70.88% | 60.69% |
| RoNW | 42.49% | 38.86% |
| PAT Margin | 9.49% | 5.84% |
| EBITDA Margin | 15.27% | 10.29% |
| NAV | 25.52 | 15.01 |
| Price to Book Value | 4.51 | 7.66 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 10.84 | 7.35 |
| P/E (x) | 10.61 | 15.65 |
| Market Cap at Offer Price | ₹55Cr. | ₹77.32 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 91.28% | 61.86% |
| Public | 8.72% | 38.14% |
| Total | 100% | 100% |
Company Promoters: Nishant Raj Gupta, Khushbu Varshney, Usha Gupta and Rakesh Gupta.
Q&T Foods IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 1 |
| Members | 0 | 0 | 0 | 0 |
IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| NII * | 0.20 | 10,83,600 | 2,18,400 | 0 |
| Individual Investor | 2.64 | 10,83,600 | 28,65,600 | 0 |
| Total | 1.42 | 21,67,200 | 30,84,000 | 1,265 |
The Q&T Foods IPO is subscribed 1.42 times on August 14, 2026 6:54:56 PM (Day 3). The public issue subscribed 2.64 times in the individual investors category, [.] times in the QIB category, and 0.20 times in the NII category. Check Day by Day Subscription Details (Live Status)
Reload
Total Applications: 1,265
*Market Maker portion is not included to NII/HNI.
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.75 |
| 2 | Underwriting Commission | 1.31 |
| 3 | Advertising Expenses | 0.04 |
| 4 | Fees Payable to Registrar to the Issue | 0.01 |
| 5 | Fees Payable to Legal Advisors | 0.02 |
| 6 | Printing and distribution of Issue stationary | 0.01 |
| 7 | Commission/processing fee for SCSBs, Sponsor Banks and Banker to the Issue | 0.02 |
| 8 | Brokerage, commission and selling commission, Registered Brokers, RTAs and DPs | 0.03 |
| 9 | Expenses and fees payable for marketing, promotion & distribution, Market Making etc. | 1.37 |
| 10 | Printing and distribution of issue stationery | 0.01 |
| 11 | Listing Fees | 0.01 |
| 12 | BSE Processing Fee | 0.03 |
| 13 | BSE software Fee | 0.04 |
| 14 | Depository Fee | 0.02 |
| Total | 3.66 |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹ 115.00 |
| Open | ₹ 115.00 |
| Low | ₹ 109.25 |
| High | ₹ 115.00 |
| Last Trade | ₹ 109.25 |
Check IPO Performance…
IPO Registrar
Skyline Financial Services Pvt.Ltd.
011-26812682
ipo@skylinerta.com
IPO Lead Manager(s)
Corporate Makers Capital Ltd.
Contact Details
Q&T Foods Ltd. Address
1/361 SF
Vaishali
Ghaziabad, Uttar Pradesh , 201010
+91-9355612523
cs@qtfoods.in
Q&T Foods IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
NSE SME Q&T Foods treads water on market debut
Business Standard · 19 Aug 2026
Q&T Foods IPO Allotment Status August 2026: What to Expect
Univest · 18 Aug 2026
Q&T Foods IPO share allotment in focus today: GMP, steps to check allotment status online
Livemint · 17 Aug 2026
Q&T Foods IPO subscribed 1.42x raised ₹26.25cr allotment 17 August
NewsBytes · 17 Aug 2026
