NeoPolitan Pizza and Foods is scheduled to hit the market on September 30, 2024 and close on October 3, 2024. NeoPolitan Pizza and Foods plans to raise around ₹12.00 Cr through an IPO with a sale of up to 6,000,000 equity shares of ₹10 each. The Retail offered 50%, Other Offered 50%.
Neopolitan Pizza And Foods Limited started its journey in February 2011 and has two main areas of business: running restaurants and trading agricultural products. The company owns and manages several restaurants and also works on a franchise model. They focus on making authentic Neapolitan-style pizza using fresh ingredients, offering a variety of toppings, including options for gluten-free and vegetarian diets. Besides pizza, their menu includes soups, salads, bread, pasta, and desserts, all in a family-friendly atmosphere.
The company is also involved in trading agricultural commodities like wheat, rice, tomatoes, and onions, ensuring to source high-quality products from reliable suppliers at good prices. As of March 31, 2024, Neopolitan Pizza operates 21 restaurants in over 16 cities across 2 states and union territories in India. They are known for their authentic pizzas made with traditional methods, a diverse menu to suit different tastes, and strong branding. The use of technology for online orders and customer feedback helps improve their services, while well-trained staff ensure a pleasant dining experience for customers.
NeoPolitan Pizza and Foods IPO Details
NeoPolitan Pizza and Foods IPO opens on September 30, 2024, and closes on October 04, 2024. The Listing date for NeoPolitan Pizza and Foods IPO is on October 09, 2024. The price band for IPO is ₹20 per share and lot size of 6000 Shares.
| IPO Date | September 30, 2024 to October 04, 2024 |
| Listing Date | October 09, 2024 |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Issue Size | ₹12.00 Cr |
| Face Value | ₹10 per share |
NeoPolitan Pizza and Foods IPO Tentative Timetable
NeoPolitan Pizza and Foods opening date is September 30, 2024 and close date is October 04, 2024. The IPO allotment date is October 07, 2024. Therefund initiation of IPO is on October 08, 2024. The credit of shares in demat account is on October 08, 2024. The listing date is on October 09, 2024.
| Event | Date |
|---|---|
| IPO Opening | September 30, 2024 |
| IPO Closing | October 04, 2024 |
| IPO Allotment Date | October 07, 2024 |
| Refund Initiation | October 08, 2024 |
| Shares Credit to Demat | October 08, 2024 |
| Lisiting Date | October 09, 2024 |
NeoPolitan Pizza and Foods IPO Lot Size
Lot Size of this IPO is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 6000 | ₹120,000 |
| Retail(Maximum) | 1 | 6000 | ₹120,000 |
| HNI (Minimum) | 2 | 12000 | ₹240,000 |
NeoPolitan Pizza and Foods IPO Promoter Holding
| Pre Issue Share Holding | 72.68% |
| Post Issue Share Holding | 47.03% |
NeoPolitan Pizza and Foods IPO Review
The company is launching its first IPO of 6,000,000 equity shares priced at ₹10 each. The shares will be offered at a fixed price of ₹20 each to raise ₹12 crore.
On the financial performance front, for the last three fiscals, the company has posted a total income/net profit of Rs. 16.31 cr. / Rs. 0.18 cr. (FY22), Rs. 20.05 cr. / Rs. 1.17 cr. (FY23), and Rs. 44.01 cr. / Rs. 2.11 cr. (FY24).
For the last three fiscals, the company has reported an average EPS of Rs. 1.48 and an average RoNW of 9.78%. The issue is priced at a P/BV of 1.38 based on its NAV of Rs. 14.46 as of March 31, 2024, and at a P/BV of 1.18 based on its post-IPO NAV of Rs. 16.95 per share.
If we attribute FY24 earnings on post-IPO fully diluted equity capital, then the asking price is at a P/E of 16.13, and based on FY23 earnings, the P/E stands at 28.99. The issue relatively appears fully priced.
For the reported periods, the company has posted PAT margins of 1.13% (FY22), 5.83 % (FY23), 4.75% (FY24), and RoCE margins of 4.65%, 12.66%, 17.06% respectively for the referred periods.
The company trades in agricultural products and runs quick-service restaurants under its own brand. It has shown growth in both its sales and profits. Based on its earnings for FY24, the stock seems to be fairly valued. The market is very competitive and divided among many players. Savvy investors might consider investing a moderate amount for the long term.
NeoPolitan Pizza and Foods IPO Subscription Status (Bidding Details)
Table not foundNeoPolitan Pizza and Foods IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
NeoPolitan Pizza and Foods IPO FAQs
What is NeoPolitan Pizza and Foods IPO?
NeoPolitan Pizza and Foods is issuing 6,000,000 equity shares with a face value of ₹10 each, totaling up to ₹12.00 Cr. The shares are being offered at a price of ₹20 each, with a minimum order quantity of 800 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When NeoPolitan Pizza and Foods will open?
NeoPolitan Pizza and Foods will open on September 30, 2024 for QIB, NII, and Retail Investors.
When NeoPolitan Pizza and Foods IPO will end?
NeoPolitan Pizza and Foods will end on October 04, 2024.
What is NeoPolitan Pizza and Foods IPO Size?
NeoPolitan Pizza and Foods IPO size is ₹12.00 Cr.
What is NeoPolitan Pizza and Foods IPO Price Band?
NeoPolitan Pizza and Foods price band is ₹20 per share.
What is NeoPolitan Pizza and Foods IPO Allotment Date?
NeoPolitan Pizza and Foods allotment date is October 07, 2024.
What is NeoPolitan Pizza and Foods IPO Listing Date?
NeoPolitan Pizza and Foods listing date is October 09, 2024. The IPO is to be listed on BSE and NSE.
How to NeoPolitan Pizza and Foods IPO through Zerodha?
To apply for the IPO “NeoPolitan Pizza and Foods” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply NeoPolitan Pizza and Foods IPO through Upstox?
To apply for the IPO “NeoPolitan Pizza and Foods” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check NeoPolitan Pizza and Foods IPO Allotment Status?
For NeoPolitan Pizza and Foods IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is NeoPolitan Pizza and Foods IPO GMP?
You can check out here: NeoPolitan Pizza and Foods IPO GMP. Check all IPO GMP here.