Q&T Foods Limited IPO a bakery products manufacturer company has launched its initial public offering (IPO). The company aims to raise ₹26.25 Cr. through this IPO. The Q&T Foods IPO will open for subscription on August 12, 2026, and close on August 14, 2026.
Q&T Foods IPO is a fixed price issue of 22,82,400 shares (₹26.25 Cr.). The issue is a combination of a fresh issue of 22,82,400 shares (₹26.25 Cr.).
The price band for Q&T Foods IPO is fixed at ₹115 per share. The minimum application size is 2 lot (2,400 shares), requiring a retail investor to invest at least ₹2,76,000 (based on the upper price band).
Q&T Foods IPO GMP
| Date | Price | GMP |
|---|---|---|
| 11/08/2026 | ₹115 | ₹0 |
Q&T Foods IPO Subscription
| Category | Day 1 |
|---|---|
| NII | 0.00x |
| RII | 0.00x |
| Total | 0.00x |
Q&T Foods IPO Details
| Open Date | August 12, 2026 |
| Close Date | August 14, 2026 |
| Issue Type | Fixed Price Issue |
| Face Value | ₹10.00 Equity Share |
| Price Band | ₹115.00 Per Share |
| Listing On | BSE, SME |
| Issue Size | ₹26.25 Cr. (22,82,400 Shares) |
| Fresh Issue | ₹26.25 Cr. (22,82,400 Shares) |
| Offer For Sale | Not Applicable |
| Prospectus | Final Prospectus |
Q&T Foods IPO Reservation
| Category | Reservation | Shares Offered |
|---|---|---|
| NII | 50.00% | 11,41,200 |
| RII | 50.00% | 11,41,200 |
| Total | 100.00% | 22,82,400 |
Q&T Foods IPO Market Lot
| Application | Lot | Shares | Amount |
| Retail Minimum & Maximum | 2 | 2,400 | ₹2,76,000 |
| HNI Minimum | 3 | 3,600 | ₹4,14,000 |
Key Performance Indicator
| KPI [March 31, 2026] | Value |
| Market Capitalisation | ₹81.40 Cr. |
| P/E Ratio | 10.61x |
| EPS | ₹10.84 |
| ROE | 53.95% |
| ROCE | 70.88% |
| RoNW | 42.49% |
| Dept/Equity | — |
| EBITDA Margin | 15.27% |
| PAT Margin | 9.49% |
| Net Assets Value | ₹25.52 |
| Price To Book Value | 4.51x |
Q&T Foods IPO Peer Comparison
| Company | P/E | EPS | RoNW | NAV |
| Mrs.Bectors Foods Specialties Limited | 54.37x | ₹3.87 | 10.11% | ₹38.29 |
Q&T Foods IPO Dates
| Open Date | August 12, 2026 |
| Close Date | August 14, 2026 |
| Allotment Date | August 17, 2026 |
| Refund Date | August 18, 2026 |
| Share Credit Date | August 18, 2026 |
| Listing Date | August 19, 2026 |
Q&T Foods Limited Company Financial Report
| Period Ended | Total Assets | Total Income | Total Expenses | Net Worth | Profit After Tax | EBITDA | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|---|---|
| March 2026 | ₹26.57 Cr. | ₹54.78 Cr. | ₹47.83 Cr. | ₹12.24 Cr. | ₹5.20 Cr. | ₹8.37 Cr. | ₹7.44 Cr. | ₹11.05 Cr. |
| March 2025 | ₹19.68 Cr. | ₹46.83 Cr. | ₹43.14 Cr. | ₹7.04 Cr. | ₹2.74 Cr. | ₹4.82 Cr. | ₹2.24 Cr. | ₹10.11 Cr. |
| March 2024 | ₹14.34 Cr. | ₹40.22 Cr. | ₹37.57 Cr. | ₹2.44 Cr. | ₹1.96 Cr. | ₹3.77 Cr. | ₹2.34 Cr. | ₹9.84 Cr. |
Company Promoters
- Nishant Raj Gupta
- Khushbu Varshney
- Usha Gupta
- Rakesh Gupta
| Holding Pre Issue | 91.28% |
| Holding Post Issue | 61.85% |
Q&T Foods IPO Lead Managers
- Corporate Makers Capital Limited
Q&T Foods IPO Registrar
Skyline Financial Services Private Limited
Phone: 011-26812682
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
About Q&T Foods Limited
The company is primarily engaged in the manufacturing, distribution, marketing, and sales of bakery products. Under the brand name “American Bakers“, the snacks category includes breads, buns (pav), pizza bases, kulchas, and other snacks. The company primarily targets local consumers.
The Company was initially incorporated on August 29, 2018 as a private limited company under the Companies Act, 2013 by the name and style “Q&T Foods Private Limited”. Subsequently, the Company was converted into a public limited company pursuant to a resolution passed by the shareholders at an Extra Ordinary General Meeting held on May 27, 2024, and the name of the Company was changed to “Q&T Foods Limited”, and a fresh Certificate of Incorporation dated August 8, 2024 was issued by the Central Processing Centre.
The company offers a diverse product portfolio to suit customers with varying tastes. Under the “Bread Category“, the company manufactures and sells a variety of breads, including milk bread, white bread, multigrain bread, brown bread, and other bakery products, including kulchas, pavs, burger buns, pizza bases etc., primarily in Uttar Pradesh.
The company uses basic raw materials to manufacture its products: flour, sugar, salt, oils and fats, yeast, and fermenting agents. In addition, it also requires improvers, such as ascorbic acid, calcium propionate, and acetic acid. It sources these raw materials from suppliers in Uttar Pradesh and surrounding areas. Its procurement and inventory management processes are designed to ensure uninterrupted supply of raw materials for its manufacturing operations.
Over time, they have built a dealer network of over 50 dealers selling their products, but they do not operate retail stores. Their products are sold to dealers who sell various FMCG products and then sold to retail end-consumers through their dealers, who then resell the products to retailers at a small margin through their multi-brand outlets/stores.
Its promoter, Mr. Nishant Raj Gupta, has been instrumental in the company’s business growth and is actively involved in corporate strategy and planning. The company was founded with a strong vision to maintain high standards of quality, business integrity, and customer satisfaction. Under his guidance, the company has strived to strengthen its manufacturing capabilities, expand its distribution network, and enhance its product offerings. He believes that his industry knowledge, leadership, and strategic vision have significantly contributed to the business’s growth and development.
The company’s operating revenue increased from ₹40.22 Crore in FY 2023-24 to ₹54.78 Crore in FY 2025-26. In particular, its focus on operational efficiency has led to a rapid increase in profits. Its EBITDA increased from ₹3.77 Crore (9.37% margin) in FY 2023-24 to ₹8.37 Crore (15.27% margin) in FY 2025-26.
Company Strength
- Leveraging the experience of Promoter and employees: Its promoters have played a key role in guiding, developing, and growing its business. Under their leadership and experience, the company has seen significant growth. Its promoters have a proven background and experience in the bakery industry. They believe their leadership and vision have been crucial in driving its growth and implementing its business strategy since its inception. They are the guiding force behind all corporate decisions and are responsible for the company’s overall business operations. Their knowledge and understanding of the industry also provides a significant competitive advantage in expanding its business operations and exploring new avenues for growth. The expertise and experience of its promoters, directors, and employees, combined with their client relationships, give it a competitive edge over its competitors.
- In-house manufacturing facility supported by technology driven process: Currently, they conduct all their manufacturing operations at their own manufacturing facility, which is ISO 22000:2018 and HACCP accredited for quality management systems. It is located at Kh No. 378, Dinanathpur, Puti Post Dasna, Ghaziabad, Uttar Pradesh – 201015, spread over an area of 10,750 sq. ft. and has an installed capacity of 9,472 TPA. They believe they have developed an efficient, technology-driven manufacturing process that allows them to produce all types of breads, kulchas, buns, and pizza bases to meet specific requirements and specifications. They currently manufacture their breads and other bakery products, including buns and products for retail consumers, at their own manufacturing facility located at Kh No. 378, Dinanathpur, Puti
- Post Dasna, Ghaziabad, Uttar Pradesh – 201015, spread over an area of 10,750 sq. ft. To ensure that their products meet the required quality standards, they currently manufacture all their products in-house at their manufacturing facility.
- Extensive and well-developed sales and distribution network: They have established a dealer network, and their distribution network supports their business operations. They sell their products through this network of dealers. They conduct periodic training programs for their dealers’ sales staff to ensure proper marketing and showcase of their brands. They also offer sales incentives to their dealers, awarding incentive credits to dealers who achieve sales targets within a specified time frame. Such initiatives encourage their dealers to generate more sales and increase their brand’s visibility.
- Long standing relationship of with dealers: They continuously invest in strengthening relationships with their dealers, who are their customers. Although they typically don’t enter into long-term agreements with their dealers and customers, they have built long-lasting relationships with these dealers. Maintaining strong relationships with their key dealers is crucial to their business strategy and business growth. Due to their strong relationships and product quality, they have been able to retain many dealers across India, ensuring an uninterrupted supply of their products. They believe that their specialized manufacturing facility, their relationships with their customers, and the wide variety of product options they offer their retail customers make them well-positioned to capitalize on the growth opportunities in the bakery business.
- Focus on Quality and Timely Delivery: They believe that meeting deadlines while managing quality is the foundation of a successful strategy. They place a strong emphasis on maintaining and improving quality, and continuously strive to do so. Their focus on quality and innovation helps them succeed in the segment they operate in. Great care is taken to ensure the standards of every material/product shipped. Based on their understanding of the evolving bakery products market in India, they focus on manufacturing and offering a wide variety of breads and other bakery products to their customers in both savory and sweet categories. Furthermore, as a quality assurance certification, their company is ISO (ISO 22000:2018) certified and has HACCP standards, which ensure quality. They believe that their focus on product quality has helped them maintain their business model.
Objects Of The Issue
- To finance the Capital expenditure requirements for the purchase of Equipment/Machineries for existing manufacturing facility. (Estimated Amount ₹4.42 Cr.)
- To part finance the requirement of Working Capital. (Estimated Amount ₹7.50 Cr.)
- Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company. (Estimated Amount ₹6.75 Cr.)
- To meet General corporate purposes. (Estimated Amount ₹3.92 Cr.)
Company Address
Q&T Foods Limited
1/361 SF
Vaishali
Ghaziabad, Uttar Pradesh, 201010
Phone: +91-9355612523
Email: cs@qtfoods.in
Website: https://www.qtfoods.in/
Q&T Foods IPO FAQs
What are the open and close dates of the Q&T Foods IPO?
The IPO will open on August 12, 2026 and will close on August 14, 2026.
What is the price band for Q&T Foods IPO?
The price band for the IPO is fixed at ₹115 per share.
What is the issue size of the Q&T Foods IPO?
The total issue size of the IPO is ₹26.25 Cr., comprising both fresh issue and offer for sale (if applicable).
What is Q&T Foods IPO Minimum and Maximum Lot Size?
The minimum & maximum bid is 2 Lot, 2,400 Shares with ₹2,76,000 amount for the IPO.
What is Q&T Foods IPO Investors Portion?
The investors’ portion for QIB 0%, NII 50%, RII 50% for the IPO.
When will the basis of allotment for the Q&T Foods IPO be finalized?
The the IPO allotment is expected to be finalized on August 17, 2026.
When will the shares of Q&T Foods IPO get listed?
The IPO shares are expected to be listed on the BSE and SME on August 19, 2026.
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| IPO GMP Check Here |
| IPO Subscription Check Here |
| IPO Allotment Check Here |
| IPO Listing Check Here |
This content has been researched and written by the IPO Investors Team…
Disclaimer: Readers are strongly advised to seek guidance from a qualified financial advisor before making any investment decisions. Relying solely on the content presented here for financial choices is done entirely at the reader’s own risk.
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