NeoPolitan Pizza and Foods’ IPO is a fixed-price issue valued at Rs 12.00 crores. The entire issue consists of a fresh offering of 60 lakh shares.
The subscription for the NeoPolitan Pizza and Foods IPO opens on September 30, 2024, and closes on October 4, 2024. The allotment of shares is expected to be finalized on Monday, October 7, 2024. The company plans to list on the BSE SME, with a tentative listing date set for Wednesday, October 9, 2024.
NeoPolitan Pizza and Foods operates in two main sectors: the restaurant sector and the agricultural commodities trading sector. In the restaurant business, they own and operate their own restaurants as well as operate through a franchise model.
The price of the NeoPolitan Pizza and Foods IPO is ₹20 per share. Investors must apply for a minimum lot size of 6,000 shares, which requires a minimum investment of ₹120,000 for retail investors. High-net-worth individuals (HNIs) need to invest in at least 2 lots (12,000 shares), amounting to ₹240,000.
Turnaround Corporate Advisors Private Limited is the book-running lead manager for the NeoPolitan Pizza and Foods IPO, while Bigshare Services Pvt Ltd is the registrar. The market maker for the IPO is Mnm Stock Broking.
NeoPolitan Pizza and Foods IPO Details:
| Company Name | NeoPolitan Pizza and Foods Limited |
| Sector | Restaurant |
| IPO Type | SME |
| IPO Open date | 30th Sep 2024 |
| IPO Close date | 04th Oct 2024 |
| OFS | |
| Listing Exchanges | BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
NeoPolitan Pizza and Foods IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 800 | 1,21,600 |
| HNI (Min) | 2 | 1600 | 2,43,200 |
NeoPolitan Pizza and Foods IPO Timeline:
| IPO Open Date | 30th Sep 2024 |
| IPO Close Date | 04th Oct 2024 |
| Basis of Allotment | 07th Oct 2024 |
| Refund Initiation Date | 08th Oct 2024 |
| Shares Credit to Demat | 08th Oct 2024 |
| Listing Date | 09th Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review NeoPolitan Pizza and Foods’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Restaurant Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in NeoPolitan Pizza and Foods and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
