Q&T Foods IPO GMP, Date, Price Band & Review

Q&T Foods IPO Details

Q&T Foods IPO is a fixed-price fresh issue of ₹26.25 crore, with no offer for sale (OFS) component, and a face value of ₹10 per share. The company filed its Draft Red Herring Prospectus (DRHP) with SEBI in mid-2025 and has now finalised its SME listing schedule following regulatory approval.

The issue price is fixed at ₹115 per share and the market lot for an application is 1,200 shares. The minimum amount of investment required by an individual (retail) investor is ₹2,76,000 (2 lots of 1,200 shares each, i.e., 2,400 shares). The IPO will be open for subscription from August 12 to 14, 2026 on the BSE SME platform, with a tentative listing date fixed as August 19, 2026. The book-running lead manager of the issue is Corporate Makers Capital Limited, while the registrar to the issue is Skyline Financial Services Private Limited.

Q&T Foods IPO Date & Timeline

The Q&T Foods IPO is officially set to open for subscription on August 12, 2026 and will close on August 14, 2026. The company initially filed its DRHP in 2025 and has now finalised its schedule following SEBI approval. Once the subscription window closes, the basis of allotment is expected to be finalised on August 17, 2026. Following this, the firm will initiate refunds and credit shares to successful investors’ demat accounts on August 18, 2026. Finally, shares of Q&T Foods Limited are tentatively scheduled to list on the BSE SME platform on August 19, 2026.

Company Background

Q&T Foods Limited is a Ghaziabad-based manufacturer and distributor of savoury bakery products under its flagship brand “American Bakers.” The company was incorporated to undertake the business of manufacturing, selling and distributing a wide range of bakery and food products, with a focus on value-added savoury items for retail and institutional channels. Its registered office and primary manufacturing facility are located in Ghaziabad, Uttar Pradesh.

Over the years, Q&T Foods has built a presence in the North Indian bakery market by offering ready-to-eat savoury products that cater to changing consumer preferences for convenient, packaged snacks. The company’s conversion into a public limited entity and pursuit of an SME listing marks its next phase of growth and brand consolidation.

Operations and Product Range

Q&T Foods Limited operates as a focused player in the savoury bakery segment, engaged in the production and distribution of packaged snack items. The company’s product portfolio primarily includes:

• • Core savoury bakery products: Namkeen, bhujia, mathri and related traditional Indian snacks.
• • Value-added items: Extruded snacks, flavoured twists and other modern snack formats under the “American Bakers” brand.
• • Beverages & Desserts: The company’s current focus remains on savoury snacks; any sweet or beverage lines are secondary to its core savoury portfolio.

The company sources raw materials such as flour, edible oils, pulses and spices from established suppliers and processes them at its Ghaziabad manufacturing unit before distributing through wholesale and retail channels.

Facilities and Capacity

The main operational hub of Q&T Foods Limited is its manufacturing facility in Ghaziabad, Uttar Pradesh. This plant houses the machinery for mixing, extrusion, frying/roasting, seasoning and packaging of savoury bakery products. As of the latest disclosures, the company runs a single integrated production line that supports its current scale of operations.

To support planned growth, part of the IPO proceeds are earmarked for capital expenditure, including installation of additional machinery and related infrastructure at the existing facility. This is expected to enhance capacity, improve automation and support higher throughput as distribution expands.

Brands and Market Presence

The “American Bakers” brand is the company’s primary consumer-facing identity in the savoury bakery category. Q&T Foods distributes its products through a network of distributors, wholesalers and retail outlets across North India, with Ghaziabad and surrounding NCR regions forming a key market.

While the company’s current footprint is concentrated in North India, it aims to leverage the public listing to strengthen its brand visibility and explore new geographies over time. Its go-to-market approach relies on a mix of traditional trade partners and selective modern retail/e-commerce channels.

Revenue Streams and Business Model

The main source of income for Q&T Foods is generated from the sale of savoury bakery products marketed under the “American Bakers” brand. The company operates on an integrated manufacturing and distribution model, where it procures raw materials, processes them into finished goods and sells through a distributor-led network.

Revenue growth has been driven by expanding product variants, improving distribution reach and increasing order volumes from existing institutional and wholesale buyers. As an SME, the company benefits from a relatively lean cost structure and close promoter oversight of operations and working capital.

Financial Performance

Q&T Foods Limited reported strong financial performance in FY26, achieving revenue from operations of ₹54.78 crore. Revenue grew from ₹40.22 crore in FY24 to ₹46.83 crore in FY25 and ₹54.78 crore in FY26, while profit after tax (PAT) increased from ₹1.96 crore to ₹2.74 crore and ₹5.20 crore over the same period. This represents a 53.95% ROE in FY26. Driven by improved product mix and operating efficiency, net profit surged by 90% year-on-year to reach ₹5.20 crore, up from ₹2.74 crore in FY25. EBITDA grew to ₹8.37 crore in FY26 compared to ₹4.82 crore in FY25, with EBITDA margin expanding to 15.27% from 10.29% in FY25.

Management and Shareholding

Q&T Foods Limited is led by its core promoters, Mr. Nishant Raj Gupta and Ms. Khushbu Varshney, who hold a significant majority of the company’s equity before the public issue. The IPO is a 100% fresh issue, so post-listing, the promoters’ stake will be diluted in proportion to the new shares issued, but they will continue to retain control over management and strategic decisions.

Board and Key Management

The board of Q&T Foods Limited comprises executive and non-executive directors who collectively oversee governance, strategy and operations. Mr. Nishant Raj Gupta serves as Managing Director and Chairperson, providing strategic direction and overall leadership. Ms. Khushbu Varshney is an Executive Director, focusing on execution, business development and operational oversight. Ms. Usha Gupta is a Non-Executive Director on the board. The board also includes other directors and non-executive independent directors who ensure strong corporate governance and independent oversight.

Together, this leadership team leverages its experience in food manufacturing, distribution and quality control to scale the “American Bakers” brand, optimise production processes and expand the company’s market reach.