NeoPolitan Pizza and Foods IPO Overview
The NeoPolitan Pizza and Foods India IPO is a significant offering set to open on September 30, 2024, and close on October 4, 2024. This IPO provides a unique opportunity for investors to participate in a company that operates in the vibrant food sector, known for its Italian cuisine, especially pizzas made with fresh ingredients. The IPO aims to raise approximately ₹12.00 crores by pricing shares at ₹20 each, reflecting the company’s growth trajectory and commitment to expanding its market presence.
IPO Details
| IPO Open Date: | September 30, 2024 |
| IPO Close Date: | October 4, 2024 |
| Face Value: | ₹10 per equity share |
| IPO Price Band: | ₹20 per share |
| Issue Size: | Approximately ₹12.00 crores |
| Fresh Issue: | Approximately ₹12.00 crores |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than 0% |
| NII Quota: | Not more than 50% |
Market Lot Information
The minimum market lot for the NeoPolitan Pizza and Foods IPO is set at 6000 shares, requiring an application amount of ₹120,000. Investors can apply for one market lot at a minimum, while HNI investors can opt for at least two lots.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 6,000 | ₹120,000 |
| Retail Maximum | 1 | 6,000 | ₹120,000 |
| HNI Minimum | 2 | 12,000 | ₹240,000 |
Important IPO Dates
The important timeline for the NeoPolitan Pizza and Foods IPO is as follows:
| IPO Open Date: | September 30, 2024 |
| IPO Close Date: | October 4, 2024 |
| Basis of Allotment: | October 7, 2024 |
| Refunds: | October 8, 2024 |
| Credit to Demat Account: | October 8, 2024 |
| IPO Listing Date: | October 9, 2024 |
About NeoPolitan Pizza and Foods
NeoPolitan Pizza and Foods Limited has carved a niche in the restaurant industry since its inception as “JRM Fertilizer Private Limited” in 2011, later transforming into a public company in 2014. The company operates under a franchise model, serving fresh Italian pizzas while also engaging in the trading of agricultural commodities such as wheat and rice. Its vision extends beyond Indian markets, particularly with its wholly-owned subsidiary, Neoindian Pizza Inc. located in the USA, aimed at cultivating robust customer relationships.
Company Financial Performance
In its financial report, NeoPolitan Pizza and Foods has shown commendable growth, with revenues increasing from ₹20.05 crores in 2023 to ₹44.01 crores in 2024. Profits also saw an upturn, rising from ₹1.17 crores to ₹2.101 crores during the same period:
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹16.31 | ₹15.38 | ₹0.18 | ₹13.01 |
| 2023 | ₹20.05 | ₹17.79 | ₹1.17 | ₹18.12 |
| 2024 | ₹44.01 | ₹40.75 | ₹2.11 | ₹20.41 |
Valuation Metrics for FY2024
Investors can review the following valuation metrics for NeoPolitan Pizza and Foods, which reflect its strong financial health:
| KPI | Values |
| ROE: | NA |
| ROCE: | 17.06% |
| EBITDA Margin: | 7.36% |
| PAT Margin: | 4.75% |
| Debt to equity ratio: | 0.18 |
| Earning Per Share (EPS): | ₹1.90 (Basic) |
| Price/Earning P/E Ratio: | 10.51 |
| Return on Net Worth (RoNW): | 13.15% |
| Net Asset Value (NAV): | ₹14.46 |
Peer Comparison
When assessing the market position of NeoPolitan Pizza and Foods, it is crucial to consider its performance in comparison to peer companies:
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Restaurant Brands Asia Ltd | (4.40) | NA | (37.65)% | 12.67 | – Cr. |
| Barbeque-Nation Hospitality Ltd | (3.44) | NA | (2.84)% | 100.58 | – Cr. |
Use of IPO Proceeds
The funds raised from the IPO will primarily be allocated toward:
- Expansion of the retail network through the launch of 16 new Quick Service Restaurants
- Covering security deposits and advance rent expenses
- Brokerage charges
- Working capital requirements
- General corporate expenses
IPO Review Summary
The expert consensus on the NeoPolitan Pizza and Foods IPO indicates a cautious optimism, with a general recommendation to May Apply. The IPO is supported by several reputable financial entities, demonstrating investor confidence in the company’s future growth potential.
Company and Registrar Information
The NeoPolitan Pizza and Foods Limited’s headquarters is located at:
NeoPolitan Pizza and Foods Limited
434 & 435, SWC Hub
Opp. Rajpath Complex, Vasna Bhayli Road
Vadodara – 391410
Phone: +91 95740 00428
Registrar:
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
