Q&T Foods IPO Day 3: Issue subscribed 1.39x so far. Check issue details and key dates

2 min read | Published on 14 Aug 2026, 11:24 AM |Updated on 14 Aug 2026, 05:28 PM

Reviewed by

Ritika DScanX News Team

Key Highlights

Q&T Foods IPO closed on Day 3 with a 1.39x overall subscription. Retail investors led the demand with a 2.5x subscription, while QIB and NII categories remained largely inactive. The issue was priced at ₹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 1.39x. The issue remained fully subscribed, driven almost entirely by retail investors who booked a 2.5x subscription. In contrast, Qualified Institutional Buyers (QIB) and Non-Institutional Investors (NII) showed negligible participation, with subscriptions at 0x and 0.12x respectively. Retail momentum picked up significantly in the final hours, jumping 23.8% from the day-open mark of 2.02x to close at 2.50x. The issue price was fixed at ₹115.00000.

Final Subscription Status

Retail interest accelerated in the final session, pushing the total subscription further 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	0.12x	2.50x	1.39x

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
07:45	0.00x	0.00x	2.25x	1.24x
08:45	0.00x	0.00x	2.36x	1.31x
09:45	0.00x	0.00x	2.50x	1.38x
10:45	0.00x	0.00x	2.50x	1.39x
11:45	0.00x	0.00x	2.50x	1.39x

Category-wise Breakdown

Retail: 2.50x
NII (bHNI): 0.12x
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 participation impact the stock's liquidity and price volatility in the initial weeks post-listing?

Given the reliance on a single leased manufacturing facility in Ghaziabad, what are the potential operational risks if lease renewals are delayed or contested?

Will the allocation of ₹6.75 crores towards debt repayment significantly improve the company's net profit margins compared to the FY 2026 figures?