Q&T Foods came to market through an SME IPO that opened on 12 August 2026 and closed on 14 August 2026, and the shares listed on 19 August 2026 on BSE SME. The price band was ₹115 per share and one lot was 1200 shares, so the minimum application was ₹1,38,000. The issue size was ₹26.25 crore. The whole issue was fresh shares, so the money raised went to the company.
It listed at ₹115, flat against the issue price of ₹115. Skyline Financial Services Pvt.Ltd was the registrar to the issue, and Corporate Makers Capital Ltd was the lead manager.
As of 14 August 2026.
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Overall the issue was subscribed 1.48 times.
Incorporated on August 2018, Q&T Foods Limited is a bakery products company that specializes in manufacturing, distributing, marketing and selling of breads, buns, pizza bases, kulchas, pav, and other bakery products under the brand name American Bakers. Q&T Foods Limited mainly operates in the region of Uttar Pradesh, and the range of bakery products offered by it includes Milk Bread, White Bread, Brown Bread, Multigrain Bread, Burger Buns, Pav, Kulcha, and Pizza Bases.
These are distributed using the services of 50+ dealers. All bakery products are manufactured in the company's ISO 22000:2018 and HACCP certified manufacturing plant located in Ghaziabad, Uttar Pradesh, occupying an area of 10,750 sq. ft. with a capacity of 9,472 TPA. The company practices a very rigorous process of quality control while procuring the main raw materials of bakery products from suppliers of Uttar Pradesh which include flour, sugar, yeast, oils, and additives.
As of May 31, 2026, Q&T Foods Limited had 37 employees working for the company.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Nishant Raj Gupta, Khushbu Varshney, Usha Gupta, Rakesh Gupta. Promoter holding 91.28% before the issue and 61.85% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Q&T Foods IPO was a ₹26.25 crore fixed-price issue, made up entirely of a fresh issue. It was priced at ₹115 per share with a lot size of 1,200 shares; the minimum retail application was 2,400 shares (₹2,76,000). The IPO was open from August 12 to August 14, 2026 and was subscribed 1.48x. Shares listed on BSE SME on August 19, 2026 at ₹115, in line with the issue price of ₹115. Skyline Financial Services Pvt. Ltd. is the registrar.
Corporate Makers Capital Ltd. is the book running lead manager.
The issue price of Q&T Foods IPO is ₹115 per share (fixed price).
The lot size of Q&T Foods IPO is 1200 shares.
The minimum investment for Q&T Foods IPO is approximately ₹2,76,000 based on the issue price.
The allotment date of Q&T Foods IPO is Aug 17, 2026.
You can check Q&T Foods IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Q&T Foods IPO allotment status on Rupix for quick and easy access.
₹115 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,38,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,38,000, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 12 August 2026 and closed on 14 August 2026.
The basis of allotment was published on 17 August 2026 by Skyline Financial Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 19 August 2026 on BSE SME, opening at ₹115.
The issue size was ₹26.25 crore. The fresh issue was 22,82,400 shares (aggregating up to ₹26.25 crore).
It listed at ₹115 against an issue price of ₹115, a gain of 0 percent on listing day.