{
  "id": 307251,
  "title": "Q&T Foods fixes IPO price at ₹115 a share; offer to open on Aug 12",
  "url": "https://urgent.news/2026/08/08/q-t-foods-fixes-ipo-price-at-115-a-share-offer-to-open-on-aug-12",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-08T12:11:24.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/qt-foods-fixes-ipo-price-at-115-a-share-offer-to-open-on-aug-12/article71321455.ece"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "The ₹26.24 crore IPO is entirely a fresh issue of 22,82,400 equity shares having a face value of ₹10 each",
  "key_points": [
    "Q&T Foods sets IPO price at ₹115 per share",
    "Offer opens for subscription on August 12",
    "₹26.24 crore IPO for capacity enhancement and working capital"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}