Neapolitan Pizza and Foods Limited IPO

NiftyTrader • September 27, 2024

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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

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
Shareholding pre-issue	11,000,000
Shareholding post-issue	17,000,000

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	₹140,400
S-HNI (Min)	2	12000	₹240,000

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

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

Period Ended	31 Mar 2024	31 Jan 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

NeoPolitan Pizza and Foods IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	50% of the Net Issue
Other Shares Offered	50% of the Net Issue

NeoPolitan Pizza and Foods IPO Timeline

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
A 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