Issue Price
₹ 20
per equity share
Issue Size
60 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
6000
equity share
Please note
Listing at BSE
NeoPolitan Pizza and Foods
Important Dates
IPO Open Date
30 Sep 2024
IPO Close Date
04 Oct 2024
Allotment Date
07 Oct 2024
Initiation of Refunds
08 Oct 2024
Credit of Shares to Demat Account
08 Oct 2024
IPO Listing Date
09 Oct 2024
UPI Mandate Expiry Date
04 Oct 2024
IPO Details
NeoPolitan Pizza and Foods IPO is open for subscription starting Monday, September 30, 2024, and closing on Friday, October 4, 2024. This upcoming IPO price is Rs 20 per share. The minimum lot size set for the retail category is 6000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 12000 shares. The minimum investment required for retail category investors is Rs 1,20,000 (20 x 6000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,24,000 (20 x 12000 shares). NeoPolitan Pizza and Foods IPO is a book-built issue of Rs 12 crores. This upcoming IPO is an entirely fresh issue of 60 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, October 7, 2024. NeoPolitan Pizza and Foods IPO will be listed on BSE SME on Wednesday, October 9, 2024. Turnaround Corporate Advisors Private Limited is the book-running lead manager, Bigshare Services Private Limited is the registrar, and Mnm Stock Broking is the market maker for this IPO.
Seize the deal, apply for IPO today!
Apply for IPOAbout NeoPolitan Pizza and Foods
Neapolitan Pizza and Foods Limited were incorporated in 2011, and engaged in the business of quick service restaurants. The company’s business had two segments - restaurant operations and agricultural commodity trading. NeoPolitan Pizza and Foods owns and operates restaurants and also operates through a franchise model. It specialises in Neapolitan-style pizza made with fresh ingredients and offers a variety of toppings, including gluten-free and vegetarian options.
The company offers a variety of soups, salads, bread, pasta, hand-tossed pizza, and desserts. The concept is family-oriented and kid-friendly. The company also trades 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 operated 21 restaurants in over 16 cities, spanning 2 states and union territories in India.
Parent Organisation
-
Founded
2011
Managing Director
Mukund Purohit
IPO Objectives
The net funds received from this IPO will be used for the expansion of the retail network by launching 16 new QSR. For paying security deposit, brokerage charges of the new restaurant funds will be used. The remaining funds will be used for working capital needs and fulfilling general corporate purposes.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
Open Demat Account in 5 Minutes
Keep these documents ready
PAN Card | Aadhaar Card | Bank Account Number
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