Q&T Foods Limited
Q&T Foods Limited is an SME IPO listing on BSE SME, offering bakery products under the 'American Bakers' brand, with a fixed issue price of ₹115 per share and a total issue size of ₹26.25 crores.
Overview
About the Company
Q&T Foods Limited was incorporated in August 2018 and is engaged in the manufacturing, distribution, marketing, and sale of bakery products under its flagship brand 'American Bakers'. The company offers a broad range of products including Milk Bread, White Bread, Brown Bread, Multigrain Bread, Burger Buns, Pav, Kulcha, and Pizza Bases, primarily serving Uttar Pradesh and nearby regions through a network of 50+ dealers. Its manufacturing facility in Ghaziabad, Uttar Pradesh spans 10,750 sq. ft. and holds ISO 22000:2018 and HACCP certifications, with an installed capacity of 9,472 TPA. Revenue from operations grew from ₹36.85 crore in FY23 to ₹46.83 crore in FY25, and further to ₹54.78 crore in FY26, reflecting consistent growth. As of June 30, 2026, the company employed 37 people across various functions.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Funding capital expenditure for the procurement of equipment and machinery to upgrade the existing manufacturing facility (₹4.42 Cr).
- › Partially financing the working capital requirements of the company (₹7.50 Cr).
- › Repayment or prepayment, in full or in part, of certain outstanding borrowings of the company (₹6.75 Cr).
- › Meeting general corporate purposes (₹3.92 Cr).
✅ Strengths
- ✓ Well-established 'American Bakers' brand with strong regional recognition in the bakery segment.
- ✓ Modern manufacturing facility certified under ISO 22000:2018 and HACCP standards.
- ✓ Extensive distribution network comprising 50+ dealers covering Uttar Pradesh and surrounding areas.
- ✓ Rigorous in-house quality control processes ensuring consistent product standards.
- ✓ Promoters bring deep domain knowledge and hands-on experience in the bakery industry.
- ✓ Fully integrated manufacturing operations conducted entirely in-house.
- ✓ Consistent upward trajectory in revenue and profitability over recent financial years.
- ✓ Diversified bakery product portfolio addressing everyday consumer demand.
⚠️ Risks
- ! Operations are concentrated in Uttar Pradesh and nearby regions, making the business vulnerable to regional economic or regulatory disruptions.
- ! The bakery products market is highly competitive, with both organised and unorganised players exerting pricing pressure.
- ! Raw material costs such as flour, sugar, yeast, and oils are subject to price volatility and supply chain uncertainty.
- ! As an SME IPO, post-listing liquidity may be limited compared to mainboard listings.
- ! The company carries total borrowings of ₹11.05 crore as of March 2026, and any increase in interest rates could affect profitability.
- ! Bakery products have a short shelf life, exposing the company to inventory and wastage risks.
- ! A small workforce of 37 employees may constrain scalability and operational capacity.