Fixed Price IPO | ₹12 Cr | Listed at BSE SME | Mon, Sep 30, 2024 - Fri, Oct 4, 2024
NeoPolitan Pizza IPO is a fixed price issue of ₹12.00 crores. The issue is entirely a fresh issue of 0.60 crore shares of ₹12.00 crore.
NeoPolitan Pizza IPO bidding started from Sep 30, 2024 and ended on Oct 4, 2024. The allotment for NeoPolitan Pizza IPO was finalized on Oct 7, 2024. The shares got listed on BSE SME on Oct 9, 2024.
NeoPolitan Pizza IPO price is ₹20 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Turnaround Corporate Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Mnm Stock Broking Pvt.Ltd..
Refer to NeoPolitan Pizza IPO RHP for detailed Information.
IPO Open
Mon, Sep 30, 2024
IPO Close
Fri, Oct 4, 2024
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹34.00 Cr
| IPO Date | 30 Sep to 4 Oct, 2024 |
| Listed on | Wed, Oct 9, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 60,00,000 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 3,00,000 shares MNM Stock Broking Pvt.Ltd. (agg. up to ₹0.6000 Cr) |
| Fresh Issue (Ex Market Maker) | 57,00,000 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 57,00,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 1,10,00,000 shares |
| Share Holding Post Issue | 1,70,00,000 shares |
| BSE Script Code | 544269 |
| ISIN | INE471R01019 |
NeoPolitan Pizza IPO comprises a total issue size of 60,00,000 shares. The net offer to the public is 57,00,000 shares, after excluding 3,00,000 shares allotted on a firm basis. Of the Net offer 28,50,000 (50.00%) allocated to NII 28,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 28,50,000 | 50.00% | 47.50% |
| Retail Shares Offered | 28,50,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,00,000 | 5.00% | |
| Total Shares Offered | 60,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Incorporated in February 2011, Neopolitan Pizza And Foods Limited has two segments: restaurant operations and agricultural commodity trading.
The company owns and operates restaurants and also operates through a franchise model. It specializes in Neapolitan-style pizza made with fresh ingredients and offers a variety of toppings, including gluten-free and vegetarian options.
Neapolitan Pizza is ISO 22000:2018 certified and offers a variety of soups, salads, bread, pasta, hand-tossed pizza, and desserts. The concept is family-oriented and kid-friendly.
Neapolitan Pizza and Foods Limited also trade agricultural commodities such as wheat, rice, tomatoes, and onions. The aim is to source high-quality products from trusted suppliers and offer them to customers at competitive prices.
The company expanded its global presence by investing $87,500 in its wholly-owned subsidiary, Neoindian Pizza Inc., located in the USA.
As of March 31, 2024, the company operated 21 restaurants in over 16 cities, spanning 2 states and union territories in India.
Competetitve Strength
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 20.41 | 18.12 | 13.01 |
| Total Income | 44.01 | 20.05 | 16.31 |
| Profit After Tax | 2.11 | 1.17 | 0.18 |
| NET Worth | 15.91 | 13.82 | 8.07 |
| Reserves and Surplus | 4.92 | 2.82 | -0.64 |
| Total Borrowing | 0.59 | 0.69 | 2.59 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of the Retail Network by launching 16 new Quick Service Restaurants (QSR) | 7.08 |
| 2 | Security Deposit and Advance Rent | 0.26 |
| 3 | Brokerage Charges | 0.13 |
| 4 | Working Capital Requirements | 3.52 |
| 5 | General Corporate Expenses | 0.71 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 13.23% |
| ROCE | 17.17% |
| Debt/Equity | 0.04 |
| RoNW | 13.15% |
| PAT Margin | 4.75% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.92 | 1.24 |
| P/E (x) | 10.44 | 16.14 |
| Promoter Holding | 72.68% | 47.03% |
| Market Cap | ₹34.00 Cr. |
The NeoPolitan Pizza and Foods IPO is subscribed 32.72 times on October 4, 2024 6:19:07 PM (Day 4). The public issue subscribed 42.62 times in the retail category, [.] times in the QIB category, and 20.72 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 20.72 | 28,50,000 | 5,90,58,000 |
| Retail | 42.62 | 28,50,000 | 12,14,76,000 |
| Total | 32.72 | 57,00,001 | 18,64,92,000 |
Total Application : 35,219
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including other intermediaries’ fees | 0.21 |
| 2 | Regulators Including Stock Exchanges | 0.05 |
| 3 | Advertising and Marketing Expenses | 0.02 |
| 4 | Printing and distribution of Issue Stationary | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹19.25 |
| Low | ₹18.29 |
| High | ₹20.21 |
| Last Trade | ₹20.21 |
Lead Manager Reports
NeoPolitan Pizza IPO is a SME IPO of 60,00,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Mon, Sep 30, 2024, and closes on Fri, Oct 4, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in NeoPolitan Pizza IPO using UPI as a payment gateway. Zerodha customers can apply in NeoPolitan Pizza IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in NeoPolitan Pizza IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The NeoPolitan Pizza IPO opens on Mon, Sep 30, 2024 and closes on Fri, Oct 4, 2024.
NeoPolitan Pizza IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in NeoPolitan Pizza IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for NeoPolitan Pizza IPO will be done on Monday, October 7, 2024, and the allotted shares will be credited to your demat account by Tue, Oct 8, 2024. Check the NeoPolitan Pizza IPO allotment status.
The NeoPolitan Pizza IPO listing date is on Wed, Oct 9, 2024.
