NeoPolitan Pizza and Foods IPO Subscription Status began on Monday, September 30, 2024, and will close on October 4, 2024. Notably, the IPO aims to raise approximately ₹12.00 crores. In terms of allocation, the retail quota is set at 50%, while Qualified Institutional Buyers (QIB) will receive 0%, and Non-Institutional Investors (NII) will account for the remaining 50%. Furthermore, the price band is fixed at ₹20 per equity share.
The IPO consists of a minimum market lot of 6000 Shares requiring an application amount of ₹120,000. NeoPolitan Pizza and Foods is an SME IPO that will be listed on the BSE.
Also read: NeoPolitan Pizza and Foods IPO: Dates, Pricing and Allotment 2024
Table of contents
About Company
Neopolitan Pizza and Foods Limited, located at 434 & 435, SWC Hub, Opposite Rajpath Complex, Vasna Bhayli Road, Vadodara – 391410, Gujarat, India, originally established itself as JRM Fertilizer Private Limited on February 5, 2011, under the Companies Act, 1956. Later, the company converted into a Public Limited Company under the Companies Act, of 2013, and on October 22, 2014, it officially changed its name to Neopolitan Pizza Limited, receiving a new Certificate of Incorporation.
Moreover, the company listed itself on the Emerge ITP Platform of the National Stock Exchange (NSE) on November 3, 2014. It operates in two major segments: the restaurant business and the trading of agricultural commodities. Specifically, it owns and manages restaurants through a franchise model, offering Italian pizzas made with fresh ingredients. Additionally, in the agricultural segment, the company trades products such as wheat, rice, tomatoes, onions, and more.
Moreover, Neopolitan Pizza and Foods Limited has strategically expanded its global presence through an investment of $87,500 in its wholly-owned subsidiary, Neoindian Pizza Inc., located in the USA. This investment aims to foster strong relationships with customers and effectively meet their needs and preferences globally.
IPOGMP.IN View
We recommend that investors consider applying for the IPO with a long-term perspective. Moreover, it is essential for investors to review the QIB, NII, and retail numbers before making an investment.
NeoPolitan Pizza and Foods IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 | Day 4 |
|---|---|---|---|---|
| NII | 0.12 | 0.44 | 1.94 | 20.72 |
| RII | 1.54 | 5.12 | 16.90 | 42.62 |
| Total | 0.83 | 2.78 | 9.42 | 32.72 |
NeoPolitan Pizza and Foods IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for NeoPolitan Pizza and Foods
- May Apply
NeoPolitan Pizza and Foods IPO Form
To apply for the NeoPolitan Pizza and Foods, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 30, 2024, for QIB, NII, and retail investors.
You can choose ASBA or non-ASBA options. Apply online through your bank account or download and submit the form.
Furthermore, you can visit our portal for hourly updated live IPO subscription numbers from official websites.
Firstly, To apply through Zerodha, log in to the Zerodha Console, go to Portfolio, click on IPO, select “NeoPolitan Pizza and Foods,” enter your UPI ID, quantity, and price, and submit. Then, approve the mandate in your UPI app.
In the same way, login to the Upstox app, select the IPO “NeoPolitan Pizza and Foods,” click on the Bid button, confirm your application, and approve the mandate in your UPI app.
Follow IPOGMP.IN for Upcoming IPO news and IPO GMP. Connect with us on Twitter, Facebook, and Instagram.
