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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 ₹20.00 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). The minimum lot size investment for 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 Date | September 30, 2024 to October 4, 2024 |
| Listing Date | October 9, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 60,00,000 shares (aggregating up to ₹12.00 Cr) |
| Reserved for Market Maker | 3,00,000 shares Mnm Stock Broking Pvt.Ltd. (aggregating up to ₹0.6000 Cr) |
| Net Offered to Public | 57,00,000 shares (aggregating up to ₹11.40 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,10,00,000 shares |
| Share Holding Post Issue | 1,70,00,000 shares |
NeoPolitan Pizza and Foods IPO offers total 60,00,000 shares. Out of which 28,50,000 (47.50%) allocated to NII, 28,50,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,00,000 (5.00%) |
| NII (HNI) Shares Offered | 28,50,000 (47.50%) |
| Retail Shares Offered | 28,50,000 (47.50%) |
| Total Shares Offered | 60,00,000 (100.00%) |
NeoPolitan Pizza IPO opens on September 30, 2024, and closes on October 4, 2024.
| IPO Open Date | Mon, Sep 30, 2024 |
| IPO Close Date | Fri, Oct 4, 2024 |
| Tentative Allotment | Mon, Oct 7, 2024 |
| Initiation of Refunds | Tue, Oct 8, 2024 |
| Credit of Shares to Demat | Tue, Oct 8, 2024 |
| Tentative Listing Date | Wed, Oct 9, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 4, 2024 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
NeoPolitan Pizza and Foods Limited's revenue increased by 120% and profit after tax (PAT) rose by 80% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,040.5 | 1,811.58 | 1,300.94 |
| Total Income | 4,401.07 | 2,004.61 | 1,630.82 |
| Profit After Tax | 210.72 | 116.8 | 18.44 |
| Net Worth | 1,590.86 | 1,381.61 | 807.39 |
| Reserves and Surplus | 492.33 | 281.61 | -63.9 |
| Total Borrowing | 59.19 | 68.82 | 259.45 |
| Amount in ₹ Lakhs | |||
The market capitalization of NeoPolitan Pizza IPO is ₹34.00 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 13.23% |
| ROCE | 17.17% |
| Debt/Equity | 0.04 |
| RoNW | 13.15% |
| PAT Margin | 4.75% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 1.92 | 1.24 |
| P/E (x) | 10.44 | 16.14 |
The company proposes to utilize the funds being raised through this Issue towards the objects mentioned below.
[Dilip Davda] The company is engaged in the business of trading in agri commodities and QSR outlets under its own brand. It posted growth in its top and bottom lines. Based on FY24 earnings, the issue appears fully priced. It is operating in a highly competitive and fragmented segment. Well-informed investors may park moderate funds for long term. Read detail review...
| Listing Date | October 9, 2024 |
| BSE Script Code | 544269 |
| NSE Symbol | |
| ISIN | INE471R01019 |
| Final Issue Price | ₹20 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹19.25 |
| Low | ₹18.29 |
| High | ₹20.21 |
| Last Trade | ₹20.21 |
NeoPolitan Pizza & Foods Ltd.
434 & 435, SWC Hub
Opp. Rajpath Complex, Vasna Bhayli Road
Vadodara – 391410
Vadodara, Gujarat
Phone: +91 95740 00428
Email: csneo@neopolitanpizza.in
Website: https://www.neopolitanpizza.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
NeoPolitan Pizza IPO is a SME IPO of 60,00,000 equity shares of the face value of ₹10 aggregating up to ₹12.00 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on September 30, 2024, and closes on October 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 September 30, 2024 and closes on October 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 Tuesday, October 8, 2024. Check the NeoPolitan Pizza IPO allotment status.
The NeoPolitan Pizza IPO listing date is on Wednesday, October 9, 2024.
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