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27 September 2024

NeoPolitan Pizza and Foods Limited IPO, GMP, Details, Price, And Review

Formerly known as JRM Fertilizer Private Limited, Neopolitan Pizza Limited was incorporated as a Private Limited Company on February 5th 2011. Since the name change on June 19, 2012, the company commenced the business to bring the most beloved food, Pizza, to the world. Combining India’s rich heritage and giving Pizza a unique twist, Neopolitan Pizza, Mukund Purohit's founded company, completely revolutionized the Indian food scenario, contributing to the local taste.

Listed on the National Stock Exchange of India’s Emerge ITP Platform, on November 3, 2014, the company operates in 2 segments,

● Agricultural Commodity Trading- tomatoes, rice and wheat

● Restaurants

The company's diversification strategy allowed it to leverage its food industry expertise while expanding its revenue streams.

Currently, with the ISO 22000:2018 certification and a better focus on quality ingredients, the company ensures, via varied outlets, a consistent dining experience. In the future, the company plans to expand across India and worldwide. It has already begun its international journey by making investments in the USA-based subsidiary, Neoindian Pizza Inc.

NeoPolitan Pizza and Foods IPO Overview:

● IPO Size: ₹12.00 crores
● Issue Type: Fresh issue of shares
● Total Shares Offered: 60 lakh shares
● Price per Share: ₹20
● Minimum Lot Size: 6,000 shares
● Subscription Period:
○ Opens: September 30, 2024
○ Closes: October 4, 2024

Key Participants:

● Book Running Lead Manager: Turnaround Corporate Advisors Private Limited
● Registrar: Bigshare Services Pvt Ltd
● Market Maker: Mnm Stock Broking

NeoPolitan Pizza and Foods Limited IPO And GMP

WHAT IS GMP?

GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.

A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.

NeoPolitan Pizza and Foods Limited IPO GMP

GMP Date	IPO Price	GMP	Last Updated
	20	-

**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**

NeoPolitan Pizza and Foods IPO Overview

Detail	Description
IPO Date	September 30, 2024 to October 4, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹20 per share
Lot Size	6000 Shares
Total Issue Size	6,000,000 shares (aggregating up to ₹12.00 Cr)
Fresh Issue	6,000,000 shares (aggregating up to ₹12.00 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	BSE SME
Shareholding pre issue	11,000,000
Shareholding post issue	17,000,000
Market Maker portion	300,000 shares

NeoPolitan Pizza and Foods IPO Timeline (Tentative Schedule)

Detail	Description
IPO Open Date	Monday, September 30, 2024
IPO Close Date	Friday, October 4, 2024
Basis of Allotment	Monday, October 7, 2024
Initiation of Refunds	Tuesday, October 8, 2024
Credit of Shares to Demat	Tuesday, October 8, 2024
Listing Date	Wednesday, October 9, 2024
Cut-off time for UPI mandate confirmation	5 PM on October 4, 2024

NeoPolitan Pizza and Foods Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	6000	₹120,000
Retail (Max)	1	6000	₹120,000
HNI (Min)	2	12,000	₹240,000

NeoPolitan Pizza and Foods Limited IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	50% of the Net Issue
Other Shares Offered	50% of the Net Issue

NeoPolitan Pizza and Foods IPO Promoter Holding

Share Holding Pre Issue	72.68%
Share Holding Post Issue	47.03%

Company Financials

The company saw consistent increases in revenue from operations and its profit after tax. While the revenue increased from FY22’s Rs 16.29 crore to Rs 20.03 crore in FY23, it saw a significant increase in FY24, contributing to Rs 44 crore. As for the PAT, it increased to Rs 1.17 crore in FY23 from FY22’s Rs 0.18 crore. Later, in FY24, it reached Rs 2.11 crore.

NeoPolitan Pizza and Foods Limited Financial Information (Restated Consolidated)

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,040.5	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
Amount in ₹ Lakhs

Key Performance Indicator

KPI	Values
ROE	13.23%
ROCE	17.17%
Debt/Equity	0.04
RoNW	13.15%
PAT Margin (%)	4.75

	Pre IPO	Post IPO
EPS (Rs)	1.92	1.24
P/E (x)	10.44	16.14

Objectives of NeoPolitan Pizza and Foods IPO

The raised funds from the issue are expected to be used towards the following objectives,

● Retail Network expansion with the launch of 16 New Quick Service Restaurants.

● Brokerage charges

● General Corporate Expenses

● Working Capital Requirements

● Security Deposit and the Advance Rent

Our Overview

It will be updated soon.

Company’s Competitive Strengths:

● Offered authentic Neapolitan-style pizza made with the use of traditional ingredients and techniques.
● Catering to varied tastes and dietary preferences with a diverse menu.
● Consistent branding that offers a stronger brand identity across all its outlets and marketing channels.
● Use of tech in varied operating parts, including online orders, tracking deliveries, and getting customer feedback.
● Emphasis upon customer service via prompt services, well-trained staff and personalized attention. It helps to create a positive experience for customers, thereby fostering loyalty.

FAQs for Neopolitan Pizza and Foods IPO

Which IPO is being launched by Neopolitan Pizza and Foods?

The company is launching an SME IPO that will be listed on the BSE. It is expected to raise ₹12.00 Crores through the issue that’s priced at ₹20 per equity share.
When does the subscription for Neopolitan Pizza and Foods IPO open?

The subscription for the QIB, NII, and Retail Investors opens on September 30, 2024, and closes on October 4, 2024.
What is Neopolitan Pizza and Foods IPO Investors Portion?

The investors’ portion for QIB is 0%, NII is 50%, and Retail is 50%.
What is the issue size of Neopolitan Pizza and Foods IPO?

₹12.00 crore is Neopolitan Pizza and Foods IPO issue size.
What is the Price Band for Neopolitan Pizza and Foods IPO?

₹20 is the Price Band for Neopolitan Pizza and Foods IPO.
What is the lot size of Neopolitan Pizza and Foods IPO?

6000 Shares with ₹120,000 amount is the lot size.
What is the Allotment date for Neopolitan Pizza and Foods IPO?

October 7, 2024, is the allotment date for Neopolitan Pizza and Foods IPO.
What is the listing date for the Neopolitan Pizza and Foods IPO?

October 9, 2024, is the listing date for Neopolitan Pizza and Foods. The IPO will be listed on the BSE.
What is Neopolitan Pizza and Foods current GMP?

The current GMP of Neopolitan Pizza and Foods is ---.