Neopolitan Pizza specializes in take-out and delivery of pizza, using the freshest and top-quality ingredients. Additionally, the company engages in the trading of agricultural commodities, dealing with products such as wheat, rice, tomatoes, onions, and other similar items.

The Neopolitan Pizza IPO is a Fixed Price Issue amounting to ₹12.00 Crores, comprising entirely of a Fresh Issue of 60.00 Lakh Shares. The subscription period opens on September 30, 2024, and closes on October 04, 2024. The allotment is expected to be finalized on or about Monday, October 07, 2024, with a tentative listing on the BSE SME scheduled for Wednesday, October 09, 2024.

The share price for the Neopolitan Pizza IPO is set at ₹20 per equity share, with a minimum lot size of 6,000 shares. Retail investors must invest a minimum of ₹1,20,000, while High-Net-Worth Individuals (HNIs) are required to invest a minimum of 2 lots (12,000 shares), totaling ₹2,40,000.

TURNAROUND CORPORATE ADVISORS PRIVATE LIMITED is the book-running lead manager, while BIGSHARE SERVICES PRIVATE LIMITED serves as the registrar for the issue. MNM Stock Broking Private Limited is the sole Market Maker for Neopolitan Pizza.

The Grey Market Premium (GMP) for Neopolitan Pizza and Foods Limited is currently expected to be around ₹0, based on the company’s financial performance. It’s essential to note that no real trading is conducted based on the GMP, leading to no genuine price discovery prior to the shares' listing. The GMP reflects demand and supply in an unregulated market and is included for educational purposes only.

As the subscription opens on September 30, 2024, investors can check the live subscription status at the BSE for real-time updates.

The allotment date for the Neopolitan Pizza IPO is scheduled for October 07, 2024. Investors can check their allotment status online by navigating to the IPO allotment status page, selecting Neopolitan Pizza and Foods Limited IPO from the dropdown list, and entering their application number, PAN, or DP Client ID.

The proceeds from the fresh issue will be utilized for the following objectives:

₹708.00 Lakhs will fund the expansion of their retail network by launching 16 new Quick Service Restaurants (QSR).

₹26.00 Lakhs will be allocated for security deposits and advance rent.

₹13.00 Lakhs will cover brokerage charges.

₹352.00 Lakhs will meet working capital requirements.

₹71.00 Lakhs will be used for general corporate purposes.

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