IPO Listed — 19 Aug 2026
Listing Price: ₹115
Q&T Foods SME IPO GMP History | Listing Price ₹115 & Kostak Rate
Q&T Foods SME IPO has been listed on August 19, 2026 at a listing price of ₹115, against the issue price of ₹115 — a gain of ₹0 (+0%). The GMP peaked at ₹15 on 11 August 2026 and reached a low of ₹1 on 19 August 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Q&T Foods SME IPO raised ₹26.25 Cr. through its IPO at a price band of ₹115 per share, with a lot size of 1200 shares. The IPO was open for subscription from 12 Aug 2026 to 14 Aug 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 19 Aug 2026 | ₹ 1 | 0.87% | ₹ 0 | ₹ 0 | |
| 18 Aug 2026 | ₹ 1 | 0.87% | ₹ 0 | ₹ 0 | |
| 17 Aug 2026 | ₹ 1 | 0.87% | ₹ 0 | ₹ 0 | |
| 16 Aug 2026 | ₹ 1 | 0.87% | ₹ 0 | ₹ 0 | |
| 15 Aug 2026 | ₹ 1 | 0.87% | ₹ 0 | ₹ 0 | |
| 14 Aug 2026 | ₹ 1 | 0.87% | ₹ 0 | ₹ 0 | |
| 13 Aug 2026 | ₹ 3 | 2.61% | ₹ 0 | ₹ 0 | |
| 12 Aug 2026 | ₹ 10 | 8.70% | ₹ 0 | ₹ 0 | |
| 11 Aug 2026 | ₹ 15 | 13.04% | ₹ 0 | ₹ 0 | |
| 10 Aug 2026 | ₹ 15 | 13.04% | ₹ 0 | ₹ 0 | |
| 09 Aug 2026 | ₹ 6 | 5.22% | ₹ 0 | ₹ 0 | |
| 08 Aug 2026 | ₹ 6 | 5.22% | ₹ 0 | ₹ 0 |
Q&T Foods SME IPO Dates
| Event | Date |
|---|---|
| Open Date | 12 Aug, 2026 |
| Close Date | 14 Aug, 2026 |
| Allotment Date | 17 Aug, 2026 |
| Refund Date | 18 Aug, 2026 |
| Credit to Demat | 18 Aug, 2026 |
| Listing Date | 19 Aug, 2026 |
Q&T Foods SME IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹115 |
| GMP-Based Estimate (Pre-Listing) | ₹116 (+0.9%) |
| Actual Listing Price | ₹115 (+0%) |
| Listing Gain / Loss | +₹0 per share |
| Listing Date | 19 Aug, 2026 |
Is Q&T Foods SME IPO GMP Reliable?
Grey market premium for Q&T Foods SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Q&T Foods SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Q&T Foods SME IPO IPO Kostak Rate Explained
The Kostak rate for Q&T Foods SME IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Q&T Foods SME IPO
Its product range includes milk bread, white bread, brown bread, multigrain bread, burger buns, pav, kulcha and pizza bases. The company works mainly in Uttar Pradesh and the areas around it, and sells through a network of more than 50 dealers to local shops and retail outlets.
All products are made at the company's own factory in Ghaziabad, Uttar Pradesh, spread over 10,750 square feet with a capacity of 9,472 tonnes per year. The factory holds ISO 22000:2018 and HACCP certification for food safety. Raw materials such as flour, sugar, yeast and oils are bought from suppliers within Uttar Pradesh. As on 30 June 2026 the company had 37 people working in production, sales, quality control and administration.
Strengths & Risks
Strengths
- ✓ Sales have grown steadily for three years, from Rs 40.22 crore in FY2024 to Rs 46.83 crore in FY2025 and Rs 54.78 crore in FY2026.
- ✓ Profit after tax grew 90% in the last year, from Rs 2.74 crore to Rs 5.20 crore, and has almost tripled since FY2024.
- ✓ EBITDA improved from Rs 3.77 crore in FY2024 to Rs 8.37 crore in FY2026, so the margin is getting better as the company grows.
- ✓ Bread and buns are daily use items. Demand is regular through the year and does not depend on festivals or seasons.
- ✓ The company sells under its own brand American Bakers rather than only supplying unbranded product.
- ✓ The factory holds ISO 22000:2018 and HACCP certification, which matters when supplying to organised retail and food chains.
- ✓ It has a dealer network of more than 50 dealers already in place.
- ✓ Rs 6.75 crore of the issue money will repay borrowings, which will bring down interest cost.
Risks
- ⚠ Borrowing is high compared to own funds. Total borrowing was Rs 11.05 crore as on 31 March 2026 against a net worth of only Rs 12.24 crore.
- ⚠ The business is concentrated in Uttar Pradesh and nearby areas, so it depends on one region.
- ⚠ This is a very small company with only 37 employees and a single 10,750 square feet factory in Ghaziabad.
- ⚠ Bread has a very short shelf life of a few days. Unsold stock becomes a direct loss and delivery has to be quick and daily.
- ⚠ Bakery is a low margin business with heavy competition from large national brands as well as local bakeries in every town.
- ⚠ Flour, sugar, yeast and edible oil prices keep changing, and bread prices cannot be raised easily because customers are price sensitive.
- ⚠ This is a fixed price issue at Rs 115 per share, so there is no price discovery through bidding.
- ⚠ This is an SME issue. One lot is 1,200 shares, which is Rs 1.38 lakh at the issue price, and SME shares usually trade in low volume after listing.
Frequently Asked Questions about Q&T Foods SME IPO
What is the GMP of Q&T Foods SME IPO?
The current Grey Market Premium (GMP) of Q&T Foods SME IPO is ₹ 1.
What is the Kostak Price of Q&T Foods SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Q&T Foods SME IPO is currently not available.
What is the Subject to Sauda Price of Q&T Foods SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What was the actual listing price of Q&T Foods SME IPO?
Q&T Foods SME IPO listed on August 19, 2026 at ₹115, against the issue price of ₹115 — a gain of +0%.
How did the GMP of Q&T Foods SME IPO trend before listing?
The GMP of Q&T Foods SME IPO was stable in its final days before listing. The GMP peaked at ₹15 on 11 August 2026. View the day-wise table above for the complete GMP history.
Explore Q&T Foods SME IPO Further
For a complete picture before making your investment decision, explore these resources:
