Q&T Foods IPO

Incorporated in August 2018, Q&T Foods Limited is a bakery products manufacturer engaged in producing, distributing, marketing and selling 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 through a network of more than 50 dealers. Its manufacturing facility in Ghaziabad, Uttar Pradesh, is ISO 22000:2018 and HACCP certified and has an installed production capacity of 9,472 tonnes per annum. Q&T Foods offers a diversified product portfolio catering to everyday bakery consumption. The company has demonstrated revenue growth supported by an expanding distribution network, operational efficiencies and an experienced management team.

Q&T Foods Limited IPO Overview

Q&T Foods Limited is launching a fixed-price SME IPO comprising 22,82,400 equity shares aggregating up to ₹26.25 crore. The issue is entirely a fresh issue, with no offer-for-sale component. The IPO will open for subscription on 12 August 2026 and close on 14 August 2026. The basis of allotment is expected to be finalised on 17 August 2026, followed by refund initiation and credit of shares to demat accounts on 18 August 2026. The tentative listing date is 19 August 2026 on BSE SME. The issue price is fixed at ₹115 per share, with a lot size of 1,200 shares. Retail investors must apply for a minimum of two lots, or 2,400 shares, requiring ₹2.76 lakh. HNI investors must apply for at least three lots, or 3,600 shares, requiring ₹4.14 lakh. Corporate Makers Capital Limited is the book-running lead manager, Skyline Financial Services Private Limited is the registrar and Prabhat Financial Services Limited is the market maker.

Q&T Foods Limited IPO Details

Particulars	Details
IPO Date	12 August 2026 to 14 August 2026
Listing Date	19 August 2026
Face Value	₹10 per share
Issue Price	₹115 per share
Lot Size	1,200 Shares
Total Issue Size	22,82,400 shares (aggregating up to ₹26.25 Cr)
Fresh Issue	22,82,400 shares (aggregating up to ₹26.25 Cr)
Offer for Sale	NA
Issue Type	Fixed Price IPO
Listing At	BSE SME
Share Holding Pre Issue	47,96,000 shares
Share Holding Post Issue	70,78,400 shares
Market Maker Portion	1,15,200 shares
Market Maker	Prabhat Financial Services Ltd.
Lead Manager	Corporate Makers Capital Ltd.
Registrar	Skyline Financial Services Pvt. Ltd.

Q&T Foods Limited IPO Reservation

Investor Category	Shares Offered
NII (HNI)	10,83,600 shares / 50.00% of Net Issue
Retail	10,83,600 shares / 50.00% of Net Issue
Market Maker	1,15,200 shares

Q&T Foods Limited IPO Lot Size

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

Q&T Foods Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	91.28%
Post-Issue	61.85%

Q&T Foods Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹10.84
Price/Earnings (P/E) Ratio	10.61x
Return on Net Worth (RoNW)	42.49%
Net Asset Value (NAV)	₹25.52
Return on Equity	53.95%
Return on Capital Employed (ROCE)	70.88%
EBITDA Margin	15.27%
PAT Margin	9.49%
Debt to Equity Ratio	0.90x

Objectives of the Proceeds

1. Capital Expenditure

Finance the purchase of equipment and machinery for the company’s existing manufacturing facility — ₹4.42 crore.

2. Working Capital

Part-finance working capital requirements to support the company’s expanding operational and business needs — ₹7.50 crore.

3. Debt Repayment

Repay or pre-pay certain outstanding borrowings, either fully or partially, to reduce financial obligations — ₹6.75 crore.

4. General Corporate Purposes

Meet general corporate requirements and support the company’s broader business and operational objectives — ₹3.92 crore.

Key Financials (in ₹ crore)

Particulars	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
Reserves and Surplus	7.44	2.24	2.34
Total Borrowings	11.05	10.11	9.84

IPO Strengths

1. Established “American Bakers” brand in the regional bakery market.

2. Modern ISO 22000:2018 & HACCP-certified manufacturing facility.

3. Strong distribution network with 50+ dealers.

4. Focus on quality assurance and timely product delivery.

5. Experienced promoter with deep bakery industry expertise.

6. Fully integrated in-house manufacturing operations.

7. Consistent revenue growth and improving profitability.

8.Diverse product portfolio catering to everyday bakery consumption.

Peer Group Comparison

Company Name	EPS (Basic)	NAV (₹)	P/E (x)	RoNW (%)	P/BV (x)
Q&T Foods Ltd.	10.83	25.51	10.62	42.49	4.60
Peer Group
Mrs. Bectors Food Specialties Ltd.	3.87	38.29	54.37	10.11	5.53