The recently launched initial public offering (IPO) of NeoPolitan Pizza and Foods Ltd has generated substantial interest, particularly among retail investors. With the subscription period concluding, applicants are now eagerly anticipating the allotment results.
The allotment for the NeoPolitan Pizza IPO is expected to be announced today, October 7. The public offering was open for subscription from September 30 through October 4, providing investors with a short window to engage.
Today marks a significant milestone as the company is set to determine the basis of the IPO allotment for NeoPolitan Pizza and Foods. Following this announcement, shares are slated for listing on the BSE SME on October 9, highlighting the company’s entry into the public markets through this SME IPO.
Investors looking to check their allotment status can do so conveniently online. The allotment information will be available on the BSE website, as well as through the official platform of the IPO registrar, Bigshare Services Pvt Ltd, which oversees the NeoPolitan Pizza and Foods IPO process.
To facilitate a smooth verification of the NeoPolitan Pizza IPO allotment status, investors can follow these simple steps:
Steps to Check NeoPolitan Pizza and Foods IPO Allotment Status:
Step 1: Navigate to the IPO registrar’s website.
Step 2: From the dropdown menu, select ‘NeoPolitan Pizza and Foods Limited’.
Step 3: Choose your preferred identification method from ‘Application No, Beneficiary ID, and PAN’.
Step 4: Fill in the required details based on the selection made in the previous step.
Step 5: Enter the Captcha code and hit ‘Search’ to view your allotment status.
Your allotment status for the NeoPolitan Pizza and Foods IPO will be displayed on the screen for your review.
Grey Market Premium (GMP) for NeoPolitan Pizza and Foods IPO
As per the latest reports, shares of NeoPolitan Pizza and Foods are exhibiting a subdued trend in the unlisted market. Today’s grey market premium (GMP) for NeoPolitan Pizza stands at ₹0, indicating that the shares are trading neither at a premium nor a discount relative to the issue price, which could suggest stable investor sentiment.
Overview of NeoPolitan Pizza and Foods IPO
NeoPolitan Pizza and Foods commenced its IPO subscription on September 30 and concluded on October 4. The long-awaited allotment results are expected today, while shares will officially be listed on October 9 on the BSE SME channel. This IPO marks a significant step for the company, enabling it to tap into public funding for growth and expansion.
The IPO price band for NeoPolitan Pizza was fixed at ₹20 per share, and the company successfully raised ₹12 crore through this offering, consisting solely of a fresh issue of 60 lakh equity shares, reflecting strong investor confidence.
This IPO witnessed an impressive overall subscription of 32.72 times, with retail investors participating robustly—indicated by a subscription rate of 42.62 times in that segment, while the other category saw a subscription of 20.72 times.
Turnaround Corporate Advisors Private Limited acted as the book running lead manager for the NeoPolitan Pizza and Foods IPO, facilitating the process and ensuring a streamlined experience for investors, while Bigshare Services Pvt Ltd continues to serve as the IPO registrar.
Disclaimer: The opinions and recommendations herein are those of individual analysts or brokerage firms and do not represent the views of Mint. Investors must conduct their own research and consult certified professionals before making any investment decisions.
