SME

IPO ·

BSE SME

Q&T Foods Ltd

Listed

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

Issue details

Price band

₹115

Face value

₹10

Lot size

1,200 shares

Minimum investment

₹2,76,000

Issue size

₹26.23 Cr

Fresh issue

₹24.91 Cr

Offer for sale

—

Issue type

Fixed Price

Exchange

BSE SME

Key dates

Opens

12 Aug 2026

Closes

14 Aug 2026

UPI mandate cut-off

5:00 PM on 14 Aug 2026

Allotment

17 Aug 2026

Refunds

18 Aug 2026

Shares in demat

18 Aug 2026

Listing

19 Aug 2026

Subscription and listing

Subscription

1.42x

Listing price

₹115

Registrar

Skyline Financial Services Pvt Ltd

Lead manager

Corporate Makers Capital

Subscription by category

Total

1.42x

Total applications

1,247

Listing day

Issue price

₹115

Open

₹115.00

High

₹115.00

Low

₹109.25

Day close

₹109.25

Listing gain at open

0.00%

Issue structure

Shares reserved per category and share of the total issue

NII

10,83,600

47.48%

Retail

10,83,600

47.48%

Market Maker

1,15,200

5.05%

Total

22,82,400

100.00%

Finaccle’s quick read

Neutral

FY26 income up 17%, PAT up 90%, ROE 53.95%, post-issue P/E 15.65x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

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.

Founded

2018

2018

Promoters

Nishant Raj Gupta, Khushbu Varshney,

Nishant Raj Gupta, Khushbu Varshney,

Promoter holding

91.28% pre-issue; 61.86% post-issue

91.28% pre-issue; 61.86% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

FY26

FY26

54.78

54.78

8.37

5.20

5.20

12.24

11.05

11.05

26.57

FY25

FY25

46.83

46.83

4.82

2.74

2.74

7.04

10.11

10.11

19.68

FY24

FY24

40.22

40.22

3.77

1.96

1.96

2.44

9.84

9.84

14.34

ROE

53.95%

ROCE

70.88%

Debt / equity

—

PAT margin

9.49%

P/E post issue

15.65

Market cap

₹81.40 Cr

Use of IPO money

To finance the Capital expenditure requirements for the purchase of Equipment/Machineries for existing manufacturing facility

₹4.42 Cr

To part finance the requirement of Working Capital

₹7.50 Cr

Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company

₹6.75 Cr

To meet General corporate purposes

₹3.92 Cr

Strengths

✓

Revenue up 17% in FY26 to ₹54.78 Cr

✓

PAT up 90% in FY26 to ₹5.20 Cr

✓

ROE of 53.95% and ROCE of 70.88%

Risks to watch

!

SME platform: large lot size and thinner trading liquidity

!

Modest PAT margin of 9.49%

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.