Neapolitan Pizza and Foods Limited IPO

NeoPolitan Pizza and Foods Limited IPO opens on September 30, 2024 and closes on October 4, 2024. The allotment for the NeoPolitan Pizza and Foods IPO is expected to be 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.

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 Details

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.

NeoPolitan Pizza and Foods IPO Objectives

The company proposes to utilize the funds being raised through this Issue towards the objects mentioned below.

1. Expansion of the Retail Network by launching 16 new Quick Service Restaurants
2. Security Deposit and Advance Rent
3. Brokerage Charges
4. Working Capital Requirements
5. General Corporate Expenses

About NeoPolitan Pizza and Foods Limited

Incorporated in February 2011, Neopolitan Pizza And Foods Limited operates in two main segments: restaurant operations and agricultural commodity trading. The company runs a chain of restaurants specializing in authentic Neapolitan-style pizza made with fresh ingredients, including gluten-free and vegetarian options. It is ISO 22000:2018 certified and offers a diverse menu featuring soups, salads, pasta, and desserts in a family-friendly atmosphere. Additionally, the company trades agricultural commodities like wheat, rice, tomatoes, and onions, ensuring high-quality sourcing at competitive prices. With 21 restaurants across over 16 cities in India and a global expansion through its U.S. subsidiary, Neoindian Pizza Inc., Neopolitan Pizza is recognized for its strong brand identity, diverse menu, and commitment to customer service, enhanced by technology for online ordering and feedback.

NeoPolitan Pizza and Foods Limited Financial Information

NeoPolitan Pizza and Foods IPO Reservation

NeoPolitan Pizza and Foods IPO Timeline

NeoPolitan Pizza and Foods IPO opens on September 30, 2024, and closes on October 4, 2024.