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NeoPolitan Pizza and Foods IPO is a fixed price issue of Rs 12.00 crores. The issue is entirely a fresh issue of 60 lakh shares.
NeoPolitan Pizza and Foods IPO bidding started from September 30, 2024 and ended on October 4, 2024. The allotment for NeoPolitan Pizza and Foods IPO was finalized on Monday, October 7, 2024. The shares got listed on BSE SME on October 9, 2024.
NeoPolitan Pizza and Foods IPO price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to ₹240,000.
Turnaround Corporate Advisors Private Limited is the book running lead manager of the NeoPolitan Pizza and Foods IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for NeoPolitan Pizza and Foods IPO is Mnm Stock Broking.
Refer to NeoPolitan Pizza and Foods IPO RHP for detailed information.
| IPO Date | September 30, 2024 to October 4, 2024 |
| Listing Date | October 9, 2024 |
| Face Value | ₹10 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 6,000,000 shares (aggregating up to ₹12.00 Cr) |
| Fresh Issue | 6,000,000 shares (aggregating up to ₹12.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 11,000,000 |
| Share holding post issue | 17,000,000 |
| Market Maker portion | 300,000 shares Mnm Stock Broking |
NeoPolitan Pizza and Foods IPO offers 60,00,001 shares. 28,50,000 (47.5%) to NII, 28,50,000 (47.5%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 3,00,000 (5%) |
| Other Shares Offered | 28,50,000 (47.5%) |
| Retail Shares Offered | 28,50,000 (47.5%) |
| Total Shares Offered | 60,00,001 (100%) |
NeoPolitan Pizza and Foods IPO opens on September 30, 2024, and closes on October 4, 2024.
| IPO Open Date | Monday, September 30, 2024 |
| IPO Close Date | Friday, October 4, 2024 |
| Basis of Allotment | Monday, October 7, 2024 |
| Initiation of Refunds | Tuesday, October 8, 2024 |
| Credit of Shares to Demat | Tuesday, October 8, 2024 |
| Listing Date | Wednesday, October 9, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 4, 2024 |
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹120,000 |
| Retail (Max) | 1 | 6000 | ₹120,000 |
| HNI (Min) | 2 | 12,000 | ₹240,000 |
| Lot Size Calculator | |||
Mr. Mukund Purohit and Mrs. Arti Mukund Purohit are the promoters of the company.
| Share Holding Pre Issue | 72.68% |
| Share Holding Post Issue | 47.03% |
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 | |||||||||||||||||||||||||||
| Revenue | 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 and Foods IPO is Rs 34 Cr.
KPI as of March 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...
The NeoPolitan Pizza and Foods IPO is subscribed 32.72 times on October 4, 2024 6:19:07 PM. 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) |
|---|---|
| Other | 20.72 |
| Retail | 42.62 |
| Total | 32.72 |
Total Application : 35,219 (74.15 times)
| Listing Date | October 9, 2024 |
| BSE Script Code | 544269 |
| NSE Symbol | |
| ISIN | INE471R01019 |
| Final Issue Price | ₹20 per share |
NeoPolitan Pizza and Foods Limited
434 & 435, SWC Hub
Opp. Rajpath Complex, Vasna Bhayli Road
Vadodara � 391410
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
SME Company Owners
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Check our SME IPO Guide 
NeoPolitan Pizza and Foods IPO is a SME IPO of 6,000,000 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 Shares.
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 and Foods IPO using UPI as a payment gateway. Zerodha customers can apply in NeoPolitan Pizza and Foods IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in NeoPolitan Pizza and Foods IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The NeoPolitan Pizza and Foods IPO opens on September 30, 2024 and closes on October 4, 2024.
NeoPolitan Pizza and Foods IPO lot size is 6000 Shares, and the minimum amount required is ₹120,000.
You can apply in NeoPolitan Pizza and Foods IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for NeoPolitan Pizza and Foods 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 and Foods IPO allotment status.
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