Q&T Foods fixes IPO price at ₹115 a share; offer to open on Aug 12
The ₹26.24 crore IPO is entirely a fresh issue of 22,82,400 equity shares having a face value of ₹10 each
Q&T Foods Ltd has set the initial public offering price for its bakery products at ₹115 per share, with the offer opening for subscription on August 12, according to a statement released on Saturday. The ₹26.24 crore IPO consists of 22,82,400 equity shares, each bearing a face value of ₹10. The company, known for its American Bakers brand, has fixed the issue price at ₹115 per share, making the total issue size up to ₹26.24 crore.
Shares will be listed on the BSE SME platform with a tentative listing date of August 19, 2026. Q&T Foods plans to use ₹4.42 crore of the net proceeds for machinery installation at its existing plant, ₹7.5 crore to meet working capital needs, and ₹6.75 crore for loan repayment. The IPO is portrayed as a crucial step to support capacity enhancement, bolster working capital, and enhance operational efficiency.
Nishant Raj Gupta, the company's Chairperson & Managing Director, highlighted the significance of this milestone. For the fiscal year 2026, Q&T Foods reported ₹54.77 crore in revenue from operations, up from ₹46.83 crore in FY2025, with a profit after tax of ₹5.20 crore compared to ₹2.73 crore in the previous year.
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