Q&T Foods IPO: dates, price band, lot size and GMP
Q&T Foods IPO listed on 19 Aug at ₹115 (BSE SME). Issue dates 12 – 14 Aug 2026, price band ₹115, lot 1,200 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Q&T Foods listed on 19 Aug 2026 on BSE SME at ₹115, ₹0 (0.0%) against the ₹115 upper band. Q&T Foods IPO listing date, price and gain · Recently listed IPOs
Updated 17 Oct 2026, 22:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 208 IPOs on its calendar; the Q&T Foods IPO has a price band of ₹115, a lot of 1,200 shares and no grey-market premium reported yet as of 17 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 12 – 14 Aug 2026 |
| Price band | ₹115 |
| Lot size | 1,200 shares |
| Issue size | ₹26.25 Cr |
| Fresh issue | ₹24.92 Cr |
| Subscription | 1.42x |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| Lead managers | Corporate Makers Capital Ltd. |
| Status | Listed |
Timeline
- Issue opens: 12 Aug
- Issue closes: 14 Aug
- Allotment: 17 Aug
- Refunds: 18 Aug
- Demat credit: 18 Aug
- Listing: 19 Aug
Live subscription
| Category | Subscribed |
|---|---|
| NII | 0.2x |
| Retail | 2.64x |
| Total | 1.42x |
Last updated 14 Aug 2026, 6:55 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Fixed Price Issue |
| Listing at | BSE SME |
| Market cap at the upper band | ₹81.4 Cr |
| P/E (pre-issue) | 10.61x |
| P/E (post-issue) | 15.65x |
| Fresh issue (shares) | 21,67,200 |
| Total shares offered | 21,67,200 |
| Promoter holding pre-issue | 91.28% |
| Promoter holding post-issue | 61.85% |
| Promoters | Nishant Raj Gupta, Khushbu Varshney, Usha Gupta, Rakesh Gupta |
| Lead managers | Corporate Makers Capital Ltd. |
| Registrar phone | 011-26812682 |
| Registrar email | ipo@skylinerta.com |
| Company website | qtfoods.in |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 2 | 2,400 | ₹2,76,000 |
| Retail (maximum) | 2 | 2,400 | ₹2,76,000 |
| sNII (minimum) | 3 | 3,600 | ₹2,76,000 |
| bNII (minimum) | 3 | 3,600 | ₹11,04,000 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| NII (HNI) | 50% | 10,83,600 | 50% of the Net Issue |
| Retail | 50% | 10,83,600 | 50% of the Net Issue |
| Market Maker | 5.3% | 1,15,200 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 12 Aug | — | 0.07x | — | — | 1.19x | 0.63x |
| Day 2 · 13 Aug | — | 0.09x | — | — | 1.79x | 0.94x |
| Day 3 · 14 Aug | — | 0.20x | — | — | 2.64x | 1.42x |
Key ratios as of 31 Mar 2025
| EPS (pre-issue) | ₹10.84 |
|---|---|
| EPS (post-issue) | ₹7.35 |
| P/E (pre-issue) | 10.61x |
| P/E (post-issue) | 15.65x |
| RoNW | 38.86% |
| RoCE | 60.69% |
| RoE | 57.71% |
| PAT margin | 5.84% |
| EBITDA margin | 10.29% |
| Price / book | 7.66x |
| NAV per share | ₹15.01 |
| Market cap (upper band) | ₹81.4 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 26.57 | 19.68 | 14.34 | +35% |
| Total Income | 54.78 | 46.83 | 40.22 | +17% |
| Profit After Tax | 5.2 | 2.74 | 1.96 | +89.8% |
| EBITDA | 8.37 | 4.82 | 3.77 | +73.7% |
| NET Worth | 12.24 | 7.04 | 2.44 | +73.9% |
| Reserves and Surplus | 7.44 | 2.24 | 2.34 | +232.1% |
| Total Borrowing | 11.05 | 10.11 | 9.84 | +9.3% |
About Q&T Foods
Q&T Foods Limited is a regional bakery products manufacturer operating under its flagship “American Bakers” brand. The company offers a diversified range of everyday bakery products, including Milk Bread, White Bread, Brown Bread, Multigrain Bread, Burger Buns, Pav, Kulcha, and Pizza Bases. It primarily serves Uttar Pradesh and adjoining markets through a distribution network of 50+ dealers . The company operates an ISO 22000:2018 and HACCP-certified manufacturing facility in Ghaziabad, Uttar Pradesh, with an installed capacity of 9,472 TPA . With 37 employees as of May 31, 2026, Q&T Foods is supported by an experienced promoter and an integrated manufacturing setup.
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 its established brand, expanding distribution network, and operational efficiencies.
Objects of the issue
- 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 — ₹7.5 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
Net proceeds: ₹22.59 Cr
Peer comparison
| Company | EPS (Basic) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|
| Q&T Foods Ltd. (issuer) | 10.83 | 25.51 | 10.62x | 42.49% | 4.6 | Restated |
| Mrs.Bectors Foods Specialties Ltd. | 3.87 | 38.29 | 54.37x | 10.11% | 5.53 | Standalone |
* Issue Price is considered as CMP. Source: All the financial information for listed industry peers mentioned above is on a standalone basis sourced from the Annual Reports of the peer company uploaded on the BSE website for the year ended March 31, 2026. Information of the Company is based on restated financial information for the period ended March 31, 2026. Notes: P/E Ratio has been computed based on the closing market price of equity shares on the BSE on August 06, 2026 divided by the Basic EPS.
Offer documents: DRHP (PDF)
Frequently asked questions
When does the Q&T Foods IPO open and close?
The issue is scheduled for 12 – 14 Aug 2026.
What is the Q&T Foods IPO price band?
The price band is ₹115 per share with a lot size of 1,200 shares.
How big is the Q&T Foods IPO?
The total issue size is ₹26.25 Cr.
When will Q&T Foods list?
The tentative listing date is 19 Aug on the SME platform.
How do I apply for the Q&T Foods IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Q&T Foods · as filed with SEBI · bsesme.com
- Registrar allotment page, Skyline Financial Services Pvt.Ltd. · allotment 17 Aug · skylinerta.com
- BSE SME issues page · listing 19 Aug · bsesme.com
- Q&T Foods company website · qtfoods.in
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 19 Aug, 04:01 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Q&T Foods IPO”, https://buyunlistedshares.com/ipo/qt-foods-ipo, as of 17 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 17 Oct 2026.
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