Q&T Foods Limited, a Ghaziabad-based manufacturer of packaged bakery products under its “American Bakers” brand, is launching its SME IPO in August 2026. This guide lays out the price, dates, lot size and other factual details a beginner needs to understand the offer, along with context for more experienced readers. Nothing in this article is a recommendation to apply for or avoid the issue.
What is Q&T Foods Limited?
Q&T Foods Limited was incorporated in August 2018 and manufactures, markets and distributes savoury bakery products under the “American Bakers” brand. Its product range includes milk bread, white bread, brown bread, multigrain bread, burger buns, pav, kulcha and pizza bases, sold primarily across Uttar Pradesh through a dealer-led network of more than 50 dealers.
The company's manufacturing unit is located in Ghaziabad, Uttar Pradesh, spread over roughly 10,750 sq. ft. with an installed capacity of about 9,472 tonnes per annum. The facility carries ISO 22000:2018 and HACCP certification for food-safety and quality management.
Q&T Foods IPO: Key Details
The table below summarises the core facts of the issue as announced by the company.
IPO Opens | Wednesday, August 12, 2026 |
IPO Closes | Friday, August 14, 2026 |
Issue Type | Fixed Price Issue (Fresh Issue only, no Offer for Sale) |
Issue Price | ₹115 per equity share |
Face Value | ₹10 per equity share |
Fresh Issue Size | 22,82,400 equity shares (~₹26.24–26.25 crore) |
Market Maker Reservation | 1,15,200 equity shares |
Net Offer to Public | 21,67,200 equity shares |
Application Lot Size | 2,400 equity shares (minimum), in multiples of 1,200 shares thereafter |
Minimum Application Amount | ≈ ₹2,76,000 (1 lot of 2,400 shares × ₹115) |
Listing On | BSE SME Platform |
Lead Manager | Corporate Makers Capital Limited |
Registrar to the Issue | Skyline Financial Services Private Limited |
Why it is called a “fixed price” issue, not a price band
Some SME IPOs are offered in a price band (a range within which bidders place bids), while others — like this one — are structured as a fixed price issue, meaning every applicant pays the same, pre-decided price of ₹115 per share. There is no bidding range to select from.
Objects of the Issue: How Q&T Foods Plans to Use the Proceeds
As per the company's disclosures, the net proceeds from the fresh issue are proposed to be allocated as follows:
• Installation of machinery/equipment at the existing manufacturing facility — approximately ₹4.42 crore (about 16.85% of net proceeds).
• Funding working capital requirements — approximately ₹7.50 crore (about 28.57% of net proceeds).
• Repayment or pre-payment, in full or part, of certain existing borrowings — approximately ₹6.75 crore (about 25.72% of net proceeds).
• General corporate purposes — approximately ₹3.92 crore (about 14.93% of net proceeds).
• Issue-related expenses — the remaining portion of the proceeds.
Financial Snapshot (FY26)
FY26 Revenue from Operations | ₹54.78 crore |
FY26 Profit After Tax (PAT) | ₹5.20 crore (up 90.11% YoY) |
Manufacturing Facility | Ghaziabad, Uttar Pradesh — approx. 10,750 sq. ft. |
Installed Capacity | 9,472 tonnes per annum (TPA) |
Certifications | ISO 22000:2018 and HACCP |
These figures are drawn from the company's own disclosures around the IPO announcement. For a complete financial picture, readers should refer to the prospectus filed with the stock exchange, which contains audited financial statements and detailed risk factors.
Indicative IPO Timeline
• Bidding start — IPO opens for subscription: August 12, 2026
• Bidding end — IPO closes for subscription: August 14, 2026
• Allotment — Basis of allotment finalisation: typically within 1–2 working days of the issue closing
• Refunds/credit — Refunds and demat credit: shortly after the allotment is finalised
• Listing — Listing on BSE SME: expected around August 19, 2026 (indicative)
Exact allotment and listing dates are finalised by the exchange and registrar after the subscription period closes and can shift slightly; investors should verify final dates on the BSE website or the registrar's portal (Skyline Financial Services) rather than relying on indicative estimates.
Lot Size and Minimum Investment
The application lot size for this issue has been fixed at 2,400 equity shares, with further applications possible in multiples of 1,200 shares. At the issue price of ₹115 per share, one lot works out to approximately ₹2,76,000. Because it is an SME IPO, minimum investment amounts are typically higher than mainboard IPOs, and the issue is generally accessed through the same demat/UPI-based ASBA application process used for other book-built and fixed-price IPOs in India.
What Makes This an “SME IPO”?
Q&T Foods is proposed to be listed on the BSE SME platform rather than the mainboard. SME (Small and Medium Enterprise) platforms exist under a separate SEBI framework designed for smaller companies, and typically feature:
• Higher minimum lot sizes compared with mainboard IPOs, keeping the investor base more concentrated.
• A market maker (here, linked to the lead manager) that provides two-way quotes to support liquidity after listing.
• Comparatively lower trading volumes and wider bid-ask spreads than mainboard-listed stocks.
• Periodic disclosure norms that differ in some respects from mainboard-listed companies.
These structural features are true of SME IPOs generally, not specific commentary on this company's prospects.
Points Worth Verifying Before Reading Further Into the IPO
• Read the prospectus filed with BSE for full risk factors, related-party transactions and litigation disclosures.
• Confirm live subscription numbers and category-wise demand only from the BSE website, not from unofficial grey-market or “GMP” sources.
• Check allotment status directly on the registrar's (Skyline Financial Services) website once the basis of allotment is finalised.
• Note that SME-platform shares can be less liquid after listing than mainboard shares.
Frequently Asked Questions
1. What is the price of the Q&T Foods IPO?
The issue price is fixed at ₹115 per equity share of face value ₹10. It is a fixed-price issue, so there is no price band or bidding range.
2. What are the Q&T Foods IPO opening and closing dates?
The issue opens for subscription on Wednesday, August 12, 2026, and closes on Friday, August 14, 2026.
3. What is the lot size for the Q&T Foods IPO?
The minimum application lot is 2,400 equity shares, with further shares available in multiples of 1,200. At ₹115 per share, one lot amounts to approximately ₹2,76,000.
4. Is the Q&T Foods IPO a fresh issue or an Offer for Sale (OFS)?
It is entirely a fresh issue of 22,82,400 equity shares. There is no Offer for Sale component, meaning no existing shareholder is selling shares through this issue.
5. What is the total size of the Q&T Foods IPO?
The total issue size is up to approximately ₹26.24–26.25 crore, comprising the net offer to the public and the market maker reservation portion.
6. On which exchange will Q&T Foods shares be listed?
The company proposes to list on the BSE SME platform, a separate segment of the exchange meant for small and medium enterprises.
7. When is Q&T Foods IPO expected to list?
Based on the announced timeline, listing is indicatively expected around August 19, 2026, though the final date is confirmed by the exchange closer to the allotment process.
8. What does Q&T Foods Limited manufacture?
The company manufactures packaged bakery products under the “American Bakers” brand, including breads, buns, pav, kulcha and pizza bases, from its Ghaziabad facility.
9. Who are the lead manager and registrar for this IPO?
Corporate Makers Capital Limited is the lead manager to the issue, and Skyline Financial Services Private Limited is the registrar.
10. How will Q&T Foods use the IPO proceeds?
Proceeds are earmarked for machinery installation at the existing plant, working capital requirements, repayment of certain borrowings, general corporate purposes and issue-related expenses.
Disclaimer:
This is written for educational and informational purposes only. Nothing here constitutes investment advice or a recommendation to buy or sell securities. All data is sourced from publicly available information. Investments in securities markets are subject to market risks — please read all offer documents carefully before investing.