The NeoPolitan Pizza and Foods IPO will open on September 30, 2024, and close on October 4, 2024. This IPO is a Fixed Price Issue, with the company looking to raise around ₹12.00 crores. This includes a fresh issue of ₹12.00 crores and an offer for sale of up to [.] equity shares, each having a face value of ₹10.
The price for each share in the NeoPolitan Pizza and Foods IPO is set at ₹20. The retail quota is 50%, while the Qualified Institutional Buyers (QIB) quota is 0%, and the High Net-worth Individuals (HNI) quota is 50%. The shares will be listed on the Bombay Stock Exchange (BSE) on October 9, 2024. The allotment date for the IPO is October 7, 2024.
In terms of performance, the company reported a revenue of ₹44.01 crores in 2024, compared to ₹20.05 crores in 2023. The profit was ₹2.101 crores in 2024, up from ₹1.17 crores in 2023. Based on these financial results, it is recommended that investors consider applying for this IPO for the long term.
NeoPolitan Pizza and Foods IPO Details
| IPO Open Date: | September 30, 2024 |
| IPO Close Date: | October 4, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹20 Per Share |
| Issue Size: | Approx ₹12.00 Crores |
| Fresh Issue: | Approx ₹12.00 Crores |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than 00% |
| NII Quota: | Not more than 50% |
NeoPolitan Pizza and Foods IPO Market Lot
The minimum market lot for the NeoPolitan Pizza and Foods India IPO is 6,000 shares, with an application amount of ₹120,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 6,000 | ₹ 1,20,000 |
| Retail Maximum | 1 | 6,000 | ₹ 1,20,000 |
| HNI Minimum | 2 | 12,000 | ₹ 2,40,000 |
NeoPolitan Pizza and Foods IPO Dates
The NeoPolitan Pizza and Foods India IPO opens on September 30, 2024, and closes on October 4, 2024. The allotment for the NeoPolitan Pizza and Foods India IPO will be finalized on October 9, 2024, with the IPO listing scheduled for October 1.
| IPO Open Date: | September 30, 2024 |
| IPO Close Date: | October 4, 2024 |
| Basis of Allotment: | October 7, 2024 |
| Refunds: | October 8, 2024 |
| Credit to Demat Account: | October 8, 2024 |
| IPO Listing Date: | October 9, 2024 |
Promoters of NeoPolitan Pizza and Foods IPO
The promoters of NeoPolitan Pizza and Foods are Mr. Mukund Purohit and Mrs. Arti Mukund Purohit.
About NeoPolitan Pizza and Foods IPO
NeoPolitan Pizza and Foods Limited is located at 434 & 435, SWC Hub, Opp. Rajpath Complex, Vasna Bhayli Road, Vadodara – 391410, Gujarat, India. The company was originally incorporated as a Private Limited Company named “JRM Fertilizer Private Limited” on February 5, 2011, under the Companies Act of 1956. It was later converted into a Public Limited Company under the Companies Act of 2013, and its name was changed to “NeoPolitan Pizza Limited” following a fresh Certificate of Incorporation on October 22, 2014.
The company was listed on the Emerge ITP Platform of the National Stock Exchange of India Limited (NSE) on November 3, 2014. NeoPolitan Pizza and Foods operates in two main segments: the restaurant business and the trading of agricultural commodities. The restaurant segment operates through a franchise model and specializes in Italian pizzas made with fresh ingredients. The agricultural segment deals in products like wheat, rice, tomatoes, onions, and more.
Additionally, NeoPolitan Pizza and Foods Limited has strategically expanded its global presence with an investment of $87,500 in its wholly-owned subsidiary, Neoindian Pizza Inc., located in the USA. The company’s primary goal is to build strong relationships with customers and meet their needs and preferences.
NeoPolitan Pizza and Foods Limited Financial Information (Restated Consolidated)
NeoPolitan Pizza and Foods Limited experienced a 120% increase in revenue and an 80% rise in profit after tax (PAT) for the financial year ending March 31, 2024, compared to the previous year ending March 31, 2023.
Amount in Lakhs
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
| Assets | 2,040.50 | 1,811.58 | 1,300.94 | |
| Revenue | 4,401.07 | 2,004.61 | 1,630.82 | |
| Profit After Tax | 210.72 | 116.8 | 18.44 | |
| Net Worth | 1,590.86 | 1,381.61 | 807.39 | |
| Reserves and Surplus | 492.33 | 281.61 | -63.9 | |
| Total Borrowing | 59.19 | 68.82 | 259.45 |
NeoPolitan Pizza and Foods IPO Key Performance Indicator
Check NeoPolitan Pizza and Foods India IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | NA |
| ROCE: | 17.06% |
| EBITDA Margin: | 7.36% |
| PAT Margin: | 4.75% |
| Debt to equity ratio: | 0.18 |
| Earning Per Share (EPS): | ₹1.90 (Basic) |
| Price/Earning P/E Ratio: | 10.51 |
| Return on Net Worth (RoNW): | 13.15% |
| Net Asset Value (NAV): | ₹ 14.46 |
Objects of the Issue
Expanding the retail network by opening 16 new Quick Service Restaurants
Security deposits and advance rent
Brokerage charges
Working capital needs
General corporate expenses
NeoPolitan Pizza and Foods IPO Registrar
- Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: Bigshare IPO Status
IPO Lead Managers (Merchant Bankers)
Turnaround Corporate Advisors Private Limited
Company Address
- NeoPolitan Pizza and Foods Limited
- 434 & 435, SWC Hub
- Opp. Rajpath Complex, Vasna Bhayli Road
- Vadodara – 391410
- Phone: +91 95740 00428
- Email: csneo@neopolitanpizza.in
- Website: NeoPolitan Pizza
NeoPolitan Pizza and Foods India IPO FAQs
What is the NeoPolitan Pizza and Foods India IPO?
The NeoPolitan Pizza and Foods India IPO is an SME IPO. The company aims to raise ₹12.00 crores through this IPO, priced at ₹20 per equity share. The IPO will be listed on the BSE.
When will the NeoPolitan Pizza and Foods India IPO open for subscription?
The IPO will open for subscription on September 30, 2024, for QIBs, NIIs, and retail investors, and will close on October 4, 2024.
What is the investor portion for the NeoPolitan Pizza and Foods India IPO?
The investors’ portion is allocated as follows: QIB 0%, NII 50%, and Retail 50%.
How to apply for the NeoPolitan Pizza and Foods India IPO?
You can apply for the NeoPolitan Pizza and Foods India IPO via ASBA online through your bank account. You can also apply using UPI through your stock brokers or by filling out an offline form with your stock brokers.
What is the issue size of the NeoPolitan Pizza and Foods India IPO?
The issue size for the NeoPolitan Pizza and Foods India IPO is ₹12.00 crores.
What is the price band for the NeoPolitan Pizza and Foods India IPO?
The price band for the NeoPolitan Pizza and Foods India IPO is ₹20.
What is the lot size for the NeoPolitan Pizza and Foods India IPO?
The minimum bid is for 6,000 shares, amounting to ₹120,000.