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IPO Open

Wed, Aug 12, 2026

IPO Close

Fri, Aug 14, 2026

Issue Price

₹115 per share

Market Cap*

₹81.40 Cr

IPO Details

  • IPO Date
    12 to 14 Aug, 2026
  • Listing Date
    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
    22,82,400 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)
    21,67,200 shares (agg. up to ₹25 Cr)
  • Net Offered to Public
    21,67,200 shares (agg. up to ₹25 Cr)
  • Share Holding Pre Issue
    47,96,000 shares
  • Share Holding Post Issue
    70,78,400 shares

IPO Timetable (Tentative)

  • IPO Open
    12 to 14 Aug, 2026
  • Allotment
    Mon, Aug 17, 2026
  • Credit of Shares
    Tue, Aug 18, 2026
  • IPO Close
    Fri, Aug 14, 2026
  • Refund
    Tue, Aug 18, 2026
  • Listing
    Wed, Aug 19, 2026

Issue Reservation

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.

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%

IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

Application Lots Shares Amount
Individual investors (IND) (Min) 2 2,400 ₹2,76,000
Individual investors (IND) (Max) 2 2,400 ₹2,76,000
HNI (Min) 3 3,600 ₹4,14,000

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)

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. (Amount in cr)

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

Recently Listed IPOs in Packaged Foods

Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
Crazy Snacks Ltd. SME ₹31.47 Cr ₹42 11.9 ₹45.67 +8.74% ₹60.00
Astron Multigrain Ltd. SME ₹18.40 Cr ₹63 17.09 ₹47.88 -24.00% ₹15.98
SSMD Agrotech India Ltd. SME ₹34.09 Cr ₹121 13.16 ₹76.65 -36.65% ₹61.20

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # 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

Key Performance Indicator (KPI)

KPI Mar 31, 2026 Mar 31, 2025
ROE 53.95% 57.71%
ROCE 70.88% 60.69%
RoNW 29.72% 38.86%
PAT Margin 9.49% 5.84%
EBITDA Margin 15.27% 10.29%
NAV 20.88 15.01
Price to Book Value 7.66
Check IPO Peer Comparison here.

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 5.70 9.80
P/E (x) 20.18 11.73
Market Cap at Offer Price ₹55Cr. ₹81.40 Cr

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 91.28% 61.85%
Public 8.72% 38.15%
Total 100% 100%

Company Promoters: Nishant Raj Gupta, Khushbu Varshney, Usha Gupta and Rakesh Gupta.

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

IPO Registrar

Skyline Financial Services Pvt.Ltd.

IPO Lead Manager(s)

  1. Corporate Makers Capital Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Q&T Foods Ltd. Address
1/361 SF
Vaishali
Ghaziabad, Uttar Pradesh, 201010

IPO FAQs

Q&T Foods IPO is a SME IPO of 22,82,400 equity shares of the face value of ₹10 aggregating up to ₹26 Crores. The issue is priced at ₹115 per share. The minimum order quantity is 1200.

The IPO opens on Wed, Aug 12, 2026, and closes on Fri, Aug 14, 2026.

Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Angel One customers can apply online in Q&T Foods IPO using UPI as a payment gateway. Angel One customers can apply in Q&T Foods IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Q&T Foods IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Q&T Foods IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Q&T Foods IPO opens on Wed, Aug 12, 2026 and closes on Fri, Aug 14, 2026.

Q&T Foods IPO lot size is 1200, and the minimum amount required for application is ₹2,76,000, with 2 lots being the minimum application size.

You can apply in Q&T Foods IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Q&T Foods IPO will be done on Monday, August 17, 2026, and the allotted shares will be credited to your demat account by Tue, Aug 18, 2026. Check the Q&T Foods IPO allotment status.

The Q&T Foods IPO listing date is not yet announced. The tentative date of listing is Wed, Aug 19, 2026.

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