NeoPolitan Pizza and Foods IPO Subscription Status

NeoPolitan Pizza and Foods' initial public offering (IPO) has garnered significant investor interest, with subscription rates increasing steadily over the four-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in an 11.50 times oversubscription by 10:35:08 AM on day four. This response underscores the strong market appetite for NeoPolitan Pizza and Foods' shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 30th September 2024, has seen significant growth in investor participation, primarily driven by Retail Investors. NeoPolitan Pizza and Foods attracted bids for 6,55,50,000 equity shares amounting to ₹131.10 crore.

The Retail Investors segment, in particular, has shown overwhelming demand, followed by moderate interest from Non-Institutional Investors (NII).

Subscription Status of NeoPolitan Pizza and Foods IPO for Days 1, 2, 3, and 4:

Note: Market Maker portion is not included in NII/HNI.

Here are the final subscription details for NeoPolitan Pizza and Foods IPO as of Day 4 (4th October 2024, 5:07:07 PM)

Total Applications: 35,219

Note: The total amount is calculated based on the upper price of the issue price range.

Key Highlights:

• The IPO of NeoPolitan Pizza and Foods closed with an exceptional 32.71 times subscription, showing tremendous demand from both Retail and Non-Institutional Investors.
• Retail investors demonstrated overwhelming interest, with a final subscription ratio of 42.62 times.
• Non-Institutional Investors (NII) showed strong enthusiasm, with a final subscription ratio of 20.72 times.
• The overall subscription trend increased dramatically on the final day, indicating high investor confidence and positive sentiment towards the issue.

NeoPolitan Pizza and Foods IPO - Day 3 Subscription at 9.42 Times

Key Highlights:

• On Day 3, NeoPolitan Pizza and Foods' IPO was subscribed 9.42 times, with strong demand from Retail Investors.
• Retail investors showed significantly increased interest with a subscription ratio of 16.90 times.
• Non-Institutional Investors (NII) showed increased interest with a subscription ratio of 1.94 times.
• The overall subscription trend indicated building momentum, with retail category showing significant increased participation.

NeoPolitan Pizza and Foods IPO - Day 2 Subscription at 2.78 Times

Key Highlights:

• On Day 2, NeoPolitan Pizza and Foods' IPO was subscribed 2.78 times, with strong demand from Retail Investors.
• Retail investors showed increased interest with a subscription ratio of 5.12 times.
• Non-Institutional Investors (NII) showed minimal interest with a subscription ratio of 0.44 times.
• The overall subscription trend indicated growing momentum, with retail category showing significant increased participation.

NeoPolitan Pizza and Foods IPO - Day 1 Subscription at 0.83 Times

Key Highlights:

• The IPO of NeoPolitan Pizza and Foods was subscribed 0.83 times on Day 1, with initial demand primarily from Retail Investors.
• Retail investors showed early interest with a subscription ratio of 1.54 times.
• Non-Institutional Investors (NII) showed minimal initial interest with a subscription ratio of 0.12 times.
• The first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About NeoPolitan Pizza and Foods Limited:

NeoPolitan Pizza and Foods Limited, incorporated in February 2011, operates in two primary segments: restaurant operations and agricultural commodity trading. The company specializes in Neapolitan-style pizza, offering a diverse menu of soups, salads, pasta, and desserts across 21 restaurants in 16 cities spanning 2 states and union territories in India. ISO 22000:2018 certified, NeoPolitan Pizza emphasizes authentic recipes, fresh ingredients, and a family-friendly dining experience.

The company also engages in trading agricultural commodities such as wheat, rice, tomatoes, and onions. For the financial year ending 31st March 2024, the company reported revenue of ₹44.01 crore, a 120% year-on-year increase, with profit after tax (PAT) rising 80% to ₹2.11 crore. NeoPolitan Pizza's competitive strengths lie in its authentic food offerings, diverse menu, strong brand identity, and effective use of technology in operations. The company's recent expansion into the USA through its wholly-owned subsidiary, Neoindian Pizza Inc., highlights its global ambitions in the competitive quick-service restaurant sector.

Read more about NeoPolitan Pizza and Foods IPO

Highlights of the NeoPolitan Pizza and Foods IPO:

• IPO Date: 30th September 2024 to 4th October 2024
• Listing Date: 9th October 2024 (Tentative)
• Face Value: ₹10 per share
• Price: ₹20 per share (Fixed Price Issue)
• 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
• Book Running Lead Manager: Turnaround Corporate Advisors Private Limited
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Mnm Stock Broking