NeoPolitan Pizza IPO opens for subscription today: Check the price band, offer size and other details here

NeoPolitan Pizza and Foods IPO opened for subscription on September 30 and closes on October 4. The allotment for the NeoPolitan Pizza and Foods IPO is expected to be finalised on Monday, October 7.. NeoPolitan Pizza and Foods IPO will list on BSE SME with a tentative listing date fixed as Wednesday, October 9.

The IPO is an entirely fresh issue of 60 lakh shares worth ₹12 crores.

NeoPolitan Pizza and Foods IPO price is ₹20 per share. The minimum amount of investment required by retail investors is ₹1,20,000 with a minimum lot size of 6000 shares for an application. The minimum lot size investment is 2 lots (12,000 shares) for HNI investors amounting to ₹2,40,000.

The company has reserved 50% of the net issue for retail investors and the remaining 50% for other investor categories. The IPO offer size also includes a market maker portion of 3,00,000 shares.

The book running lead manager of the NeoPolitan Pizza and Foods IPO is Turnaround Corporate Advisors Private Limited and the registrar for the issue is Bigshare Services Private Limited. Mnm Stock Broking is the market maker for NeoPolitan Pizza and Foods IPO.

The share allotment status for NeoPolitan Pizza and Foods IPO is expected to be finalised on October 7.. Upon finalisation, shares will be credited to the demat accounts of successful bidders, and refunds for unsuccessful bidders will be processed by October 8. NeoPolitan Pizza and Food Limited shares are set to be listed on the BSE SME platform, with a tentative listing date of October 9.

The company plans to use the raised funds to expand its retail presence, cover operational costs like rent and security deposits, and support day-to-day business activities. This will enable the company to increase its market share and revenue.

Incorporated in February 2011, Neapolitan Pizza and Foods Limited operates in two segments: restaurant management and agricultural commodity trading. The company runs restaurants directly and through franchises, offering Neapolitan-style pizzas alongside soups, salads, and more. The company also trades commodities such as wheat, rice, tomatoes, and onions. As of March 31, 2024, the company managed 21 restaurants across 16 cities in India and invested in a U.S. subsidiary.