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. NeoPolitan Pizza and Foods IPO will list on BSE SME with tentative listing date fixed as Wednesday, 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.
NeoPolitan Pizza and Foods IPO Details
| IPO Date | September 30, 2024 to October 4, 2024 |
| Listing Date | [.] |
| 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 Reservation
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 Timeline (Tentative Schedule)
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 |
NeoPolitan Pizza and Foods IPO Lot Size
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 | |||
NeoPolitan Pizza and Foods IPO Promoter Holding
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% |
About NeoPolitan Pizza and Foods Limited
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
- Neapolitan Pizza And Foods Limited is known for its authentic Neapolitan-style pizza made using traditional techniques and ingredients.
- Diverse menu to cater to different tastes and dietary preferences.
- Strong brand identity through consistent branding across all its outlets and marketing channels.
- The company uses technology in many parts of its operations, like online ordering, tracking deliveries, and getting feedback from customers.
- Neopolitan Pizza And Foods Limited emphasizes customer service through well-trained staff, prompt service, and personalized attention, creating a positive customer experience and fostering loyalty.
Company Financials
NeoPolitan Pizza and Foods Limited Financial Information (Restated Consolidated)
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 | ||||||||||||||||||||||||||||||
Key Performance Indicator
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 |
Check NeoPolitan Pizza and Foods IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.92 | 1.24 |
| P/E (x) | 10.44 | 16.14 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
Objects of the Issue (NeoPolitan Pizza and Foods IPO Objectives)
The company proposes to utilize the funds being raised through this Issue towards the objects mentioned below.
- Expansion of the Retail Network by launching 16 new Quick Service Restaurants
- Security Deposit and Advance Rent
- Brokerage Charges
- Working Capital Requirements
- General Corporate Expenses
NeoPolitan Pizza and Foods IPO Review (May apply)
[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…
NeoPolitan Pizza and Foods IPO Subscription Status (Bidding Detail)
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)
NeoPolitan Pizza and Foods IPO Prospectus
NeoPolitan Pizza and Foods Limited Contact Details
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/
NeoPolitan Pizza and Foods IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html