Q&T Foods IPO share allotment due today, listing on August 19

Share allotment for the Q&T Foods IPO is expected to be finalised on Monday, August 17. The initial public offering, a fresh issue of 22.82 lakh shares at Rs 115 each aggregating Rs 26.25 crore, closed on August 14 with an overall subscription of 1.42 times, livemint.com reports.

Successful bidders will have shares credited to their demat accounts on August 18, and those not allotted will receive refunds the same day. The company, which manufactures and sells bakery products such as breads, buns, and pizza bases under the brand American Bakers, will list on the BSE SME on August 19.

According to market sources, the grey market premium of Q&T Foods shares on Monday morning was Re 1, indicating an estimated listing price of Rs 116, a premium of nearly 1 percent.