NeoPolitan Pizza and Foods IPO allotment likely on October 7: Here’s how to check status on BSE, Bigshare Services

Quick service restaurant NeoPolitan Pizza and Foods Limited is expected to finalise its IPO share allotment status on Monday, October 7.

The ₹12-crore initial public offering (IPO) of NeoPolitan Pizza and Foods Limited was subscribed around 32.77 times on the last day of bidding on Friday. The BSE SME issue was open for subscription from September 30 to October 4.

The IPO investors are now awaiting the finalisation of share allotment status by the company. Successful bidders will be updated about the allotment status through SMS and emails. However, investors can also check the allotment status on the website of IPO registrar Bigshare Services Pvt Ltd and on the BSE by following a few simple steps.

Steps to check Neopolitan Pizza and Foods IPO share allotment status on the registrar website

• Visit Bigshare Services Pvt Ltd website at https://www.bigshareonline.com
• Click on IPO allotment status www.bigshareonline.com/ipo_Allotment.html
• Select any server from 3 options
• Click on Neopolitan Pizza and Foods Ltd from the list for company names
• Enter details of any one of these- Application number, PAN, or beneficiary id
• Complete the 'captcha' to verify
• Click the "Search" button to check the allotment status

Here’s how to check Neopolitan Pizza and Foods IPO share allotment on the BSE

• Open BSE website (https://www.bseindia.com )
• Click on Public Issues
• Click on Application Status (https://www.bseindia.com/investors/appli_check.aspx )
• Select Issue Type as ‘Equity’
• Select Neopolitan Pizza and Foods Ltd from the list
• Enter PAN details or application number
• Click ‘Submit’ to check details

NeoPolitan Pizza and Foods IPO details

The ₹12-crore NeoPolitan Pizza and Foods IPO was a fixed price issue. The public offer comprised a fresh issue of 60 lakh shares and no Offer-for-Sale (OFS) component.

The QSR company fixed the IPO price at ₹20 per share. The minimum lot size was 6,000 shares. The minimum amount of investment was ₹1,20,000 for retail investors for a single lot size. Turnaround Corporate Advisors was the book-running lead manager for the BSE SME issue.

NeoPolitan Pizza and Foods IPO subscription

At the close of bidding on October 4, the public offer of Gujarat-based NeoPolitan Pizza and Foods Limited was booked 32.77 times. Applications for 18.67 crore shares are received against 57 lakh shares on offer.

Retail investors’ portion was booked more than 42 times. Applications for over 12.14 crore shares were received from retail applicants against 28.5 lakh shares on offer.

The non-retail category was booked around 20 times. Applications for over 6.53 crore shares were received against 28.5 lakh shares on offer.

The Qualified Institutional Buyers (QIBs) placed bids for 59.58 lakh shares while Non-Institutional Investors placed bids for 5.93 crore shares, according to the BSE data.

NeoPolitan Pizza and Foods IPO listing on Oct 9

NeoPolitan Pizza and Foods is expected to initiate refunds and credit of shares to demat accounts on October 8, 2024. The company has proposed to list shares on the BSE SME platform on Wednesday, October 9.

NeoPolitan Pizza and Foods IPO objectives

The company plans to utilise IPO proceeds for financing its expansion projects to enhance the market presence. The Gujarat-based pizza chain looks to expand the retail network by launching 16 new Quick Service Restaurants.

The company will also use the funds for meeting Working Capital Requirements.