Now Reading: Q&T Foods fixes IPO price at Rs 115, opens Aug 12
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Q&T Foods fixes IPO price at Rs 115, opens Aug 12
Q&T Foods, maker of 'American Bakers' savoury bakery products, has fixed the IPO price at Rs 115 per share. The Rs 26.24 crore initial public offering is a fresh issue of 22.82…
The Story in Brief
Q&T Foods, maker of 'American Bakers' savoury bakery products, has fixed the IPO price at Rs 115 per share. The Rs 26.24 crore initial public offering is a fresh issue of 22.82 lakh equity shares of Rs 10 face value each. Subscription opens August 12 and closes August 14, with shares listing on the BSE SME platform tentatively on August 19.
The company will use Rs 4.42 crore for new machinery, Rs 7.5 crore for working capital, and Rs 6.75 crore to repay loans. For FY2026, revenue stood at Rs 54.77 crore against Rs 46.83 crore in FY2025. Profit after tax rose to Rs 5.20 crore from Rs 2.73 crore.
The Indian Opinion
Hype around SME IPOs often paints them as easy money, but Q&T Foods' fixed-price issue at Rs 115 forces a clearer look. Revenue grew 17% to Rs 54.77 crore and profit nearly doubled, suggesting genuine expansion. Yet the entire offer is just Rs 26.24 crore, a tiny float that can swing sharply on listing day. The real test will be the subscription numbers when the book closes on August 14.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
