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Q&T Foods IPO
Price Band
₹
Issue Size
₹26.25 Cr
Lot Size
1,200 shares
Min Investment
₹276,000
2 LOTS MIN
GMP
+₹1.0 (0.87%)
Issue Price
₹115.0
Subject to Sauda
₹900
Paid only if allotted
Q&T Foods IPO AI Summary
- Q&T Foods IPO is listed on BSE SME in the Packaged Foods sector.
- Subscription window: 12 Aug–14 Aug 2026, listing on 19 Aug 2026.
- Current GMP is +₹1.0 (0.87%) — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
1.42x
| Category | Subscription | Status |
|---|---|---|
| NII (HNI) |
0.20x
|
0.20x |
| Retail (RII) |
2.64x
|
2.64x |
| Total | 1.42x | 1.42x |
Auto-updated every 5 min · As of 14th Aug 2026 18:56
Q&T Foods IPO Grey Market Premium (GMP) Today
GMP
+₹1.0
GMP %
+0.87%
Est. Listing
₹116.0
Updated: 19 Aug 2026 09:30
GMP Trend (Last 11 Days)
About the Company
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 May 31, 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 (₹ Cr)
As of 2026-03-31
| 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 |
Key Ratios
EPS
₹10.84
NAV
₹15.01
ROE
57.71%
ROCE
60.69%
RoNW
38.86%
P/B Value
7.66
P/E Ratio
10.61
Market Cap
₹81.40 Cr
PAT Margin
5.84%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Mrs.Bectors Foods Specialties Ltd. | 38.29 | 10.11% | 54.37 | 3.87 |
| Q&T Foods Ltd. This IPO | 25.51 | 42.49% | 10.62 | 10.83 |
Promoters
Nishant Raj Gupta, Khushbu Varshney, Usha Gupta, Rakesh Gupta
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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue from operations increased from ₹40.22 crore in FY24 to ₹46.83 crore in FY25, and further to ₹54.78 crore by FY26. This demonstrates a steady growth trajectory over the three periods.
Profit Trend
Profit After Tax rose from ₹1.96 crore in FY24 to ₹2.74 crore in FY25, and then to ₹5.20 crore in FY26. This indicates a significant improvement in profitability over the periods.
Valuation
Q&T Foods is priced at a P/E ratio of 10.62 at the issue price, compared to peers like Mrs. Bectors Foods Specialties Ltd., which has a P/E of 54.37. This implies that Q&T Foods is priced at roughly 0.20 times the trailing earnings of its peer group.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand and supply of shares in the grey market prior to the official listing. A positive GMP suggests that the market expects the shares to list at a premium to the issue price.
Subscription Demand
As of 14th August 2026, the IPO was subscribed 1.42 times overall, with the retail category subscribed 2.64 times and the NII (HNI) category subscribed 0.2 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth potential and market position.
Who May Want to Wait
Investors who prefer stable, established companies with consistent earnings and lower risk profiles may find this IPO less appealing due to its relatively shorter operating history and potential market fluctuations.
IPO Timeline, Explained
The IPO opens for subscription on 12th August 2026 and closes on 14th August 2026. Allotment of shares is expected to be finalized by 17th August 2026, with shares listed on the stock exchange on 19th August 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the listing day. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and company performance. It's essential to be aware of the risks involved in trading on the listing day.
This evaluation is generated from Q&T Foods's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Q&T Foods IPO GMP today?
Q&T Foods IPO GMP today is +₹1.0 (0.87%). GMP is an unofficial grey-market indicator and can change daily.
When does Q&T Foods IPO open and close?
Q&T Foods IPO opens on 12 August 2026 and closes on 14 August 2026.
When does Q&T Foods IPO list on the stock exchange?
Q&T Foods IPO listed on 19 August 2026 at ₹116.0.
What is the lot size for Q&T Foods IPO?
The lot size for Q&T Foods IPO is 1200 shares, requiring a minimum investment of ₹276,000 (2 lots).
What is the lot size for this IPO?
The lot size for Q&T Foods IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹276,000.
What is the issue price of the shares?
The issue price of the shares is ₹115.0.
When is the listing date?
The listing date is scheduled for 19th August 2026.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected premium on the listing price of the shares.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
12 Aug 2026
Close
14 Aug 2026
Allotment
17 Aug 2026
Listing
19 Aug 2026
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