Q&T Foods IPO Day 3: Issue subscribed 1.14x so far. Check issue details and key dates
Q&T Foods IPO closed with a 1.14x subscription, led by retail investors at 2.16x. QIB and NII categories saw minimal interest. The fixed issue price was ₹115.00000. Allotment and listing dates are pending announcement.
*this image is generated using AI for illustrative purposes only.
Q&T Foods Limited’s initial public offering concluded on Day 3 with a total subscription of 1.14x. The issue remained fully subscribed, driven almost entirely by retail investors who booked a 2.16x subscription. In contrast, Qualified Institutional Buyers (QIB) and Non-Institutional Investors (NII) showed negligible participation, with subscriptions at 0x and 0.01x respectively. The issue price was fixed at ₹115.00000.
Final Subscription Status
Retail interest picked up pace in the final hours, pushing the total subscription above the 1x mark. Here is the day-wise breakdown:
| Day | Date | QIB | NII (bHNI) | NII (sHNI) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 | 13-08-2026 | 0.00x | 0.00x | 0.01x | 1.79x | 0.90x |
| Day 2 | 14-08-2026 | 0.00x | 0.00x | 0.01x | 2.16x | 1.14x |
Intra-day timeline on 14-08-2026
| Time (IST) | QIB | NII (bHNI) | Retail | Total |
|---|---|---|---|---|
| 05:45 | 0.00x | 0.00x | 2.02x | 1.06x |
| 06:45 | 0.00x | 0.00x | 2.16x | 1.14x |
Category-wise Breakdown
- Retail: 2.16x
- NII (bHNI): 0.01x
- NII (sHNI): 0x
- QIB: 0x
- Employees: 0x
About the Company
Q&T Foods Limited is primarily engaged in manufacturing, distribution, marketing and selling of bakery products in savoury category including breads, buns, pizza bases, and Kulcha under the brand 'American Bakers'. Founded in 2018, the company operates through an in-house manufacturing facility in Ghaziabad, Uttar Pradesh. Key management includes MD Nishant Raj Gupta and CEO Khushbu Varshney.
Financial Highlights
The company has shown consistent revenue growth over the last three years.
| Particulars | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Revenue from operations (₹ crores) | 40.22 | 46.83 | 54.78 |
| Total Profit (₹ crores) | 1.96 | 2.74 | 5.20 |
| Total Equity (₹ crores) | 2.44 | 7.04 | 12.24 |
Revenue scaled from ₹40.22 crores in FY 2024 to ₹54.78 crores in FY 2026. Total profit also increased from ₹1.96 crores to ₹5.20 crores during the same period.
Objects of the Issue
- Capital expenditure requirements for the purchase of Equipment/Machineries for existing manufacturing facility: ₹4.42 crores
- Part finance the requirement of Working Capital: ₹7.50 crores
- Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company: ₹6.75 crores
- General corporate purposes: ₹3.92 crores
Risk Factors
- Outstanding Litigation Proceedings involving Rs. 51.11 lakhs against the company.
- Delays in Payment of Statutory Dues including Employee Provident Fund and Employee State Insurance.
- Manufacturing Facility on Leased Premises which may impact operations if lease agreements are not renewed.
What's Next
Allotment date and listing date are yet to be announced. Investors should check the basis of allotment once declared by the registrar.
How might the complete absence of QIB and NII participation impact the stock's liquidity and price stability in the initial weeks post-listing?
Given the reliance on leased manufacturing premises, what is the company's contingency plan if lease renewals are delayed or denied after listing?
Will the allocation of ₹6.75 crores towards debt repayment significantly improve the company's net interest coverage ratio and overall credit profile?
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