The equity shares of Q&T Foods (Scrip Code: 544872) made their market debut on NSE SME today at ₹115, exactly matching the IPO price of ₹115 per share. As per Business Standard, the stock is currently trading flat compared to its listing price, with the counter hitting a high of ₹115 and low of ₹115. About 1.96 lakh shares changed hands at the counter during the debut session, indicating moderate trading activity on the first day of trading.
The Q&T Foods IPO was a fresh issue of 22,82,400 shares priced at ₹115 per share, aggregating to ₹26.25 crore. As reported, Corporate Makers Capital Limited served as the book-running lead manager, while Skyline Financial Services Private Limited acted as the registrar of the issue. The IPO was subscribed 1.40 times with the issue opening for bidding on 12 July 2026 and closing on 14 August 2026. The promoter and promoter group shareholding diluted to 61.85% from 91.28% pre-offer following the public issue.
According to the company's financial data, Q&T Foods demonstrated strong revenue growth over the past three fiscal years. The company's revenue from operations increased from ₹40.22 crore in FY24 to ₹54.78 crore in FY26, representing a significant growth trajectory. Similarly, profit figures showed substantial improvement, rising from ₹1.96 crore in FY24 to ₹5.20 crore in FY26. This consistent growth pattern reflects the company's expanding market presence and operational efficiency. The company recorded revenue from operations of ₹54.78 crore and net profit of ₹5.20 crore for the period ended 31 March 2026.
The company intends to utilize the net proceeds to finance the capital expenditure requirements for the purchase of equipment/machineries for existing manufacturing facility, to part-finance the requirement of working capital, to repay/pre-pay, in full or in part, certain borrowings availed by the company and to meet general corporate purposes. As per Business Standard, Q&T Foods manufactures, markets and sells savoury bakery products under the American Bakers brand, including breads, buns, pizza bases, pav and kulcha. The company's diversified product portfolio primarily serves local consumers in Uttar Pradesh with 37 employees as of 30 June 2026.
According to market sources, the grey market premium (GMP) of Q&T Foods shares was ₹1 on Monday morning. Considering the issue price of ₹115, the estimated listing price of the stock is ₹116, representing a premium of nearly 1%. However, the stock's debut performance shows it trading flat at ₹115, matching the IPO price exactly. This modest GMP and flat debut suggest cautious investor sentiment ahead of the listing, though the strong subscription indicates genuine interest in the bakery products manufacturer.
