Q&T Foods Ltd IPO

FMCG

🔔 Get WhatsApp Alerts

Price Band

₹115 – ₹115

Lot Size

1200

Minimum Bid Quantity

2400

Minimum Investment

₹276000

Issue Size

₹26.25Cr

Opens

2026-08-12

Closes

2026-08-14

Listing

19-08-2026

IPO Details

Issue Type

EQUITY

Face Value

₹10

Tick Size

1

ISIN

INE13G401012

Pre-Apply Available

No

Daily Bidding Time

10:00:00 - 17:00:00

About the Company

Q&T Foods Limited is a food processing company primarily engaged in the business of manufacturing, distribution, marketing, and selling of bakery products in the savoury category. The company offers a diversified product portfolio under its brand 'American Bakers', which includes varieties of breads such as Milk Bread and Multigrain Bread, and other bakery products like Kulcha, Pav, Burger Bun, and Pizza Base, targeted primarily at local consumers in Uttar Pradesh.

Pros

  • • The company has achieved significant revenue and profit growth, with revenue from operations growing from Rs. 40.22 Crores in FY24 to Rs. 54.78 Crores in FY26, and Profit After Tax increasing from Rs. 1.96 Crores to Rs. 5.20 Crores in the same period.
  • • Profitability margins have shown substantial improvement, with EBITDA margin expanding from 9.37% in FY24 to 15.27% in FY26, and PAT margin more than doubling from 4.87% to 9.49% over the same period, indicating enhanced operational efficiency.
  • • The 'Bread' category is the cornerstone of the company's revenue, with its contribution increasing from 89.46% of total revenue in FY24 to a dominant 99.91% in FY26, demonstrating strong focus and market acceptance of its core product line.

Cons

  • • The company's operations are extremely concentrated geographically, with 100% of its revenue in FY26 generated from just two states: Uttar Pradesh (99.25%) and Haryana (0.75%), making it highly susceptible to local economic or regulatory changes.
  • • There is a significant dependence on a small number of customers, with the top 10 clients contributing 25.01% of the total revenue from operations in FY26. The loss of any of these customers could adversely impact revenues as the company does not have long-term agreements.
  • • The company and its promoters are involved in 5 outstanding criminal proceedings for cheque bounce cases under Section 138 of the Negotiable Instruments Act, with a total alleged amount involved of Rs. 0.51 Crores, which could result in financial penalties and reputational damage.

Get real-time IPO alerts on WhatsApp

Opening reminders • Subscription updates • GMP alerts • Allotment results

Start WhatsApp Alerts