Bakery products maker Q&T Foods Ltd has fixed the price at ₹115 per share for its initial public offering, which will open for subscription on August 12, 2026. According to reports from The Hindu BusinessLine, the fixed price IPO will close on August 14, 2026. The ₹26.24 crore IPO is entirely a fresh issue of 22,82,400 equity shares having a face value of ₹10 each. The company has set the lot size at 1,200 shares with a grey market premium of ₹0 as of August 8, 2026. The IPO comprises a Market Maker Reservation of 1,15,200 equity shares while the Net Issue to the Public is 21,67,200 equity shares with no Offer for Sale. Corporate Makers Capital Limited serves as the Lead Manager to the Issue, while Skyline Financial Services Private Limited acts as the Registrar.
The IPO is structured as a book built issue with net offered to public of 21,67,200 shares worth ₹25 crore. Individual investors can apply for minimum 2 lots (2,400 shares) and maximum 2 lots (2,400 shares) with a maximum bid amount of ₹2,76,000. HNI investors can apply for minimum 3 lots (3,600 shares) and maximum 3 lots (3,600 shares) with a maximum bid amount of ₹4,14,000. The basis of allotment is scheduled for August 17, 2026, with refund initiation on August 18, 2026 and share credit to demat accounts on August 18, 2026. The company's shares will be listed on the BSE SME platform with a tentative listing date of August 19, 2026.
As reported by The Hindu BusinessLine, the company proposes to utilize ₹4.42 crore of the net proceeds towards installation of machineries at its existing plant, ₹7.5 crore towards meeting working capital requirements, and ₹6.75 crore towards repayment of loan. The company operates a modern manufacturing facility in Ghaziabad, Uttar Pradesh, spread over approximately 10,750 sq. ft. with an installed production capacity of 9,472 tonnes per annum (TPA). The facility is certified under ISO 22000:2018 and HACCP, enabling the company to maintain stringent food safety and quality standards. Additionally, ₹391.94 lakh (14.93%) will be utilized towards general corporate purposes, while ₹365.62 lakh (13.93%) will be used towards issue-related expenses.
According to reports from The Hindu BusinessLine, for FY2026, the company reported revenue from operations of ₹54.77 crore compared to ₹46.83 crore in FY2025. Profit after tax was ₹5.20 crore against ₹2.73 crore in the previous year, representing a 90.11% year-on-year growth. The company's financial metrics show net worth of ₹25.31 crore as of December 31, 2025, compared to ₹19.68 crore in March 2025. The company manufactures savoury bakery products under the 'American Bakers' brand, with a debt to equity ratio of 1.17 and return on net worth of 38.86%. The company's earnings per share (EPS) is ₹5.83 (basic) with a net asset value (NAV) of ₹15.01.
The IPO is currently trading with a grey market premium of ₹0 as of August 8, 2026, indicating neutral market sentiment. Nishant Raj Gupta, Chairperson & Managing Director of Q&T Foods, stated that the proposed IPO is a significant milestone that will support capacity enhancement at their existing facility, strengthen their working capital and improve operational efficiency. "The proposed IPO is a significant milestone that will support capacity enhancement at our existing facility, strengthen our working capital and improve operational efficiency," Gupta said. "Our journey has been centred on delivering quality bakery products while continuously strengthening our manufacturing capabilities and expanding our market presence."
