Q&T Foods Limited manufactures, distributes, markets and sells bakery products under its “American Bakers” brand. Its portfolio includes Milk Bread, White Bread, Multigrain Bread, Brown Bread, Kulcha, Pav, Burger Bun and Pizza Base, with operations primarily focused on Uttar Pradesh.
The company operates an in-house manufacturing facility in Ghaziabad, Uttar Pradesh, spread across 10,750 sq. ft., with an installed capacity of 9,472 TPA. The facility is ISO 22000:2018 and HACCP accredited, supporting efficient production and consistent quality.
The company uses key raw materials including flour, sugar, salt, oils and fats, yeast and fermenting agents, sourced mainly from suppliers in Uttar Pradesh and nearby areas.
The company follows a dealer-led distribution model, with 50+ dealers supplying its products to retailers and end consumers through multi-brand outlets. It also supports dealers through training programmes and sales incentives.
The company plans to expand into higher-margin bakery products such as pizza puffs, sub breads, footlong breads and croissants, while also expanding its customer base and geographical reach beyond Uttar Pradesh.
As of June 30, 2026, Q&T Foods had 37 employees, including 27 in production, supervision, and factory operations.
Q&T Foods IPO – Details
| IPO Opening Date | 12 August 2026 |
| IPO Closing Date | 14 August 2026 |
| Issue Type | Fixed Price IPO |
| Issue Size | Total Issue: 22,82,400 Shares Worth ₹26.25 Crore Fresh Issue: 22,82,400 Shares Worth ₹26.25 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹115 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Skyline Financial Services Pvt. Ltd. |
| NII Shares Offered | 50% |
| Retail Shares Offered | 50% |
Q&T Foods IPO – Date Schedule
| IPO Open Date | 12 August 2026 |
| IPO Close Date | 14 August 2026 |
| Basis of Allotment | 17 August 2026 |
| Initiation of Refund | 18 August 2026 |
| Credit of Shares to Demat | 18 August 2026 |
| IPO Listing Date | 19 August 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 14, 2026 |
Q&T Foods IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹2,76,000 |
| Retail (Max) | 2 | 2400 | ₹2,76,000 |
| S-HNI (Min) | 3 | 3600 | ₹4,14,000 |
Competitive Strength
- 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 Promoters
- Nishant Raj Gupta
- Khushbu Varshney
- Usha Gupta
- Rakesh Gupta
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹40.22 Cr | ₹37.57 Cr | ₹1.96 Cr | ₹9.84 Cr |
| 31 March 2025 | ₹46.83 Cr | ₹43.14 Cr | ₹2.74 Cr | ₹10.11 Cr |
| 31 March 2026 | ₹54.78 Cr | ₹47.83 Cr | ₹5.20 Cr | ₹11.05 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 53.95% |
| ROCE | 70.88% |
| RoNW | 42.49% |
| PAT Margin | 9.49% |
| EBITDA Margin | 15.27% |
| NAV | 25.52 |
| Price to Book Value | 4.51 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.84 | 7.35 |
| P/E (x) | 10.61 | 15.65 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| To finance the Capital expenditure requirements for the purchase of Equipment/Machineries for the existing manufacturing facility. | ₹4.42 |
| To part finance the requirement of Working Capital. | ₹7.50 |
| Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company. | ₹6.75 |
| To meet General corporate purposes. | ₹3.92 |
✅Strengths
- Experienced Promoters & Team.
- In-house Manufacturing Facility.
- ISO 22000:2018 & HACCP Certified.
- 50+ Dealer Network.
- Strong Dealer Relationships.
- Focus on Quality & Timely Delivery.
⚠️Risks
- Raw Material Supply & Price Risk.
- Dependence on Dealer Network.
- Intense Industry Competition.
- Dependence on Single Manufacturing Facility.
- Product Quality Risk.
- Capacity Utilisation Risk.
Q&T Foods IPO Promoter Holding
| Pre-Issue Share Holding | 91.28% |
| Post Issue Share Holding | 61.85% |
Q&T Foods IPO Prospectus
Company Contact Information
| 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 Registrar
| Skyline Financial Services Pvt. Ltd. Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Q&T Foods IPO Lead Manager(s)
| 1. Corporate Makers Capital Limited |
Q&T Foods IPO FAQ
| What is the Q&T Foods IPO? Q&T Foods IPO is an SME IPO. The issue is priced at ₹115 per equity share. The IPO is to be listed on BSE SME. |
| When will Q&T Foods IPO open? The IPO is to open on 12 August 2026 for QIB, NII, and Retail Investors. |
| What is Q&T Foods IPO Investors’ Portion? The investors’ portion for NII – 50%, and Retail – 50%. |
| What is the Q&T Foods IPO Size? Q&T Foods IPO size is ₹26.25 Crore. |
| What are the Q&T Foods IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2400 Shares for ₹2,76,000, while the maximum bid is 2400 Shares for ₹2,76,000. |
| What is the Q&T Foods IPO Allotment Date? Q&T Foods IPO allotment date is 17 August 2026. |
| What is the Q&T Foods IPO Listing Date? Q&T Foods IPO listing date is 19 August 2026. The IPO is to be listed on the BSE SME. |
