NEOPOLITAN PIZZA AND FOODS

30 Sep 2024 - 04 Oct 2024 Individual Category SME BSE

Min Investment

₹120000

Price Band

₹20

Issue Size

60 lakhs
Equity Shares

Lot Size

6000

IPO Dates
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30 Sep 2024

Open Date

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04 Oct 2024

Close Date

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07 Oct 2024

Allotment Date

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09 Oct 2024

Listing Date

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.

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About 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.

Founded

2011

Managing Director

Mukund Purohit

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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IPO Allotment

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