Q&T Foods Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | 0.20x | 1,083,600 | 218,400 | ₹12 Cr |
| Retail | 2.64x | 1,083,600 | 2,865,600 | ₹12 Cr |
| Market Maker | — | 115,200 | — | ₹1 Cr |
| Σ Total | 1.42x | 2,167,200 | 3,084,000 | ₹25 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹138,000 |
| Retail (Max) | 13 | 15,600 | ₹1,794,000 |
| S-HNI (Min) | 14 | 16,800 | ₹1,932,000 |
| B-HNI (Min) | 67 | 80,400 | ₹9,246,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 55 | 47 | 40 |
| EBITDA | 8 | 5 | 4 |
| Profit After Tax | 5 | 3 | 2 |
| Net Worth | 12 | 7 | 2 |
| Total Assets | 27 | 20 | 14 |
| Reserves & Surplus | 7 | 2 | 2 |
| Total Borrowing | 11 | 10 | 10 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To finance the Capital expenditure requirements for the purchase of Equipment/Machineries for 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
Company Overview
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 June 30, 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.