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Q&T Foods Limited, incorporated August 2018 and based in Ghaziabad, Uttar Pradesh, manufactures, distributes, markets and sells savoury bakery products under its flagship 'American Bakers' brand - breads, buns, pav, kulcha and pizza bases. Sells through a network of 50+ dealers who resell to retailers at multi-brand outlets; does not operate its own retail stores. In-house, ISO 22000:2018 and HACCP-accredited manufacturing facility in Ghaziabad. Primarily operates in Uttar Pradesh and nearby markets. Promoters: Nishant Raj Gupta (Chairperson & MD), Usha Gupta, Rakesh Gupta. Entirely fixed-price fresh issue of 22.82 lakh shares. Closed Aug 14, 2026 - final subscription figure pending confirmation from a permitted source. Listed Aug 19, 2026 flat at issue price Rs 115.