Q&T Foods IPO
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Q&T Foods IPO details
Schedule of Q&T Foods
| Issue open date | 12 Aug 2026 |
| Issue close date | 14 Aug 2026 |
| UPI mandate deadline | 14 Aug 2026 (5 PM) |
| Allotment finalization | 17 Aug 2026 |
| Refund initiation | 18 Aug 2026 |
| Share credit | 18 Aug 2026 |
| Listing date | 19 Aug 2026 |
| Mandate end date | 29 Aug 2026 |
| Lock-in end date for anchor investors (50%) | 15 Sep 2026 |
| Lock-in end date for anchor investors (remaining) | 14 Nov 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Q&T Foods
Q&T Foods Limited is primarily engaged in the business of manufacturing, distributing, marketing, and selling a variety of bakery products under its brand, ‘American Bakers’. The company’s offerings are targeted mainly at local consumers in the state of Uttar Pradesh. Its diversified product portfolio includes a range of breads such as Milk, White, Multigrain, and Brown Bread, alongside other bakery items like Kulcha, Pav, Burger Buns, and Pizza Bases. All products are manufactured at its in-house facility in Ghaziabad, Uttar Pradesh, which is accredited with ISO 22000:2018 and HACCP certifications for quality management. The company generates revenue by selling its products to a network of over 50 dealers, who then resell them to retail end-consumers through various multi-brand outlets and stores. Q&T Foods does not operate its own retail stores.
Financials of Q&T Foods
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 26.25 |
| Fresh Issue – Proceeds go to the company | 26.25 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capex for purchasing machinery at the existing facility |
4.42 (16.84%) |
| Part-finance working capital requirements | 7.5 (28.57%) |
| Repay or pre-pay certain borrowings availed by the company | 6.75 (25.71%) |
| General corporate purposes and Issue-related expenses | 7.58 (28.88%) |
Strengths
- Experienced Promoters with a proven track record in the bakery industry, driving corporate strategy and business expansion.
- In-house, quality-certified manufacturing facility in Ghaziabad accredited with ISO 22000:2018 and HACCP standards.
- Well-developed distribution network supported by sales training and incentive programs for dealers.
- Long-standing relationships with a network of over 50 dealers ensure uninterrupted supply.
- Focus on strict quality control and timely delivery across raw material procurement and finished product distribution.
Risks
- Pending legal proceedings involving the company and its promoters could adversely affect its reputation and financials.
- Manufacturing operations are on leased premises, exposing the company to risk if agreements are not renewed.
- High revenue dependence on the top 10 customers, contributing around 25% of total revenue in Fiscal 2026.
- Geographic concentration of revenue and manufacturing operations in the state of Uttar Pradesh.
- Heavy revenue reliance on the bread segment, which accounted for over 99% of revenue in recent fiscal years.