Neopolitan Pizza and Foods IPO: Review, Valuation, Date & GMP

Neopolitan Pizza and Foods IPO-Complete Overview

NeoPolitan Pizza and Foods IPO an SME IPO is a fixed price issue of Rs.12 crore by NeoPolitan Pizza and Foods Limited, which was established in February 2011. The company is divided into two segments, restaurant operations and trading in agricultural commodities. 

The company uses a franchising model in addition to owning and running restaurants. With a range of toppings, including gluten-free and vegetarian options, it specializes in freshly produced Neapolitan-style pizza.

With an ISO 22000:2018 certification, Neapolitan Pizza serves a selection of soups, salads, bread, pasta, hand-tossed pizza, and sweets. The idea is kid-friendly and geared at families. In addition, it deals in agricultural products such as rice, wheat, tomatoes, and onions. The goal is to find premium products from reliable vendors and provide them to clients at cost-effective pricing.

The company invested $87,500 in its wholly-owned subsidiary, Neoindian Pizza Inc., situated in the USA to increase its global footprint. The company ran 21 restaurants in more than 16 cities across 2 States and UTs in India as of March 31, 2024.

This NeoPolitan Pizza and Foods IPO is to be launched on 30 September 2024, and its ‘initial public offering’ will close on 04 October 2024.

 

Neopolitan Pizza and Foods IPO Overview

The Rs.12 crore new SME IPO comprises a wholly fresh issue of 60 lac Shares. 

This upcoming IPO date is from September 30-October 04, 2024. NeoPolitan Pizza and Foods Ltd. IPO price is Rs.20 per Share. 

The expected IPO listing date is on Wednesday, 09 October 2024, and listing at BSE and SME.

To open a demat account and apply for the IPO, Click Here.

 

How to get IPO refund?

If you have applied for the IPO but have not allotted the Shares and now looking for “ what to do if IPO refund not received ”, then we have covered the blog which clearly explains the steps to get your IPO refund. Click here to learn more and get the IPO refund.

Company Financial

(Amount in Lac)

 

Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

(Amount in lac)

 

Restaurants-wise Revenue Breakdown 

(Amount in lac)

 

State-wise Revenue Breakdown During The Last Three Fiscals

(Amount in lac)

 

 

 

The Objective of The Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Introduction of 16 additional quick-service restaurants as part of the Retail Network's expansion.

• Advance rent and security deposit.

• Brokerage Fees.

• Requirements for working capital.

• General corporate purposes.

 

Peers of NeoPolitan Pizza and Foods Ltd.

 

Evaluation

The IPO price is Rs.20 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.1.90 from the last year, the resulting P/E ratio is 10.51x.Considering the weighted EPS of Rs.1.48 for the last three years, the P/E ratio is 13.50x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is NA.

IPO's Strengths 

• A track record that has been established and demonstrated

• Utilizing the knowledge of its Promoters.

• An experienced management team and a driven and productive workforce.

• Friendly interactions with its clients.

• Control and quality assurance.

 

IPO Weaknesses

• A downturn in India's economic growth could have a detrimental effect on the company's cash flows, operations, and financial status.

• The operations and financial outcomes of a corporation may be adversely affected by laws, rules, and regulations that undergo modifications, in addition to legal uncertainties such as unfair tax law applications.

• The company's ability to raise finance may be hampered by any independent agency downgrading India's debt rating.

Neopolitan Pizza and Foods IPO GMP Today

NeoPolitan Pizza IPO GMP has not started yet as of 28 September 2024.

IPO Timetable (Tentative)

The IPO date is from September 30 to October 04, 2024, with allotment on October 07, refund initiation on October 08, and listing on October 09, 2024.

 

NeoPolitan Pizza and Foods IPO Details 

The IPO with a Face Value of Rs.10 per share offers a total issue size of 6,000,000 Shares (Rs.12 Cr).

NeoPolitan Pizza and Foods IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (6000 Shares) amounting to Rs.1,20,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (12000 Shares) amounting to Rs.2,40,000.

 

NeoPolitan Pizza and Foods IPO Reservation (% of Net Issue)

 

 

Promoters And Management of NeoPolitan Pizza and Foods Ltd.

• Mr. Mukund Purohit

• Mrs. Arti Mukund Purohit

IPO Lead Managers

• Turnaround Corporate Advisors Private Limited

Dividend Policy

The company has no formal dividend policy.

Conclusion

Under its name, the corporation trades in agricultural goods and QSR restaurants. Both its top and bottom lines showed growth. It competes in a crowded and very competitive market. 

NeoPolitan IPO and FY24 earnings suggest the issue is fully priced. Hope this blog helped you with the information you were seeking.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

DISCLAIMER: The content is purely for educational and information purposes only. We do NOT encourage/advise/suggest our active readers to be involved in any kind of buying or selling securities activities. Always consult your eligible financial advisor for investment-related decisions. The author does NOT through this blog intend to involve readers in trading.

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