The much-anticipated NeoPolitan Pizza and Foods IPO has officially opened for subscription, commencing on September 30, 2024. Investors are keen to gather insights into the IPO’s dynamics, including subscription status, grey market premium (GMP), and essential dates. This article will provide a comprehensive overview of everything you need to know about NeoPolitan Pizza and Foods IPO.
Subscription Status of NeoPolitan Pizza and Foods IPO
As of September 30, 2024, at 4:30 PM, the IPO of NeoPolitan Pizza and Foods has seen a total subscription of 0.79 times. Breaking it down further:
- Retail Category: Subscribed 1.46 times
- Qualified Institutional Buyers (QIB): Subscribed Nil times
- Non-Institutional Investors (NII): Subscribed 0.12 times
Key Details of NeoPolitan Pizza and Foods IPO
The subscription period for the NeoPolitan Pizza and Foods IPO is set between September 30, 2024, to October 4, 2024. Investors can expect the allocation process for the IPO to be completed by October 7, 2024, with a tentative listing date scheduled for October 9, 2024, on the Bombay Stock Exchange (BSE).
Subscription Details of NeoPolitan Pizza and Foods IPO
The NeoPolitan Pizza and Foods IPO is valued at ₹12.00 crore and involves a fixed price offering. The IPO comprises a fresh issuance of 60 lakh shares, providing a promising investment opportunity in the growing food industry.
Investment Requirements for NeoPolitan Pizza and Foods IPO
The IPO price for NeoPolitan Pizza and Foods is set at ₹20 per share. Investors must note that:
- The minimum application lot size is 6000 shares, requiring a minimum investment of ₹120,000 for retail investors.
- High Net Worth Individuals (HNIs) need to invest at least ₹240,000, which equates to two lots or 12,000 shares.
Registrar and Lead Managers for NeoPolitan Pizza and Foods IPO
The registrar for the NeoPolitan Pizza and Foods IPO is Bigshare Services Pvt Ltd, while the book running lead manager is Turnaround Corporate Advisors Private Limited. Mnm Stock Broking serves as the market maker, ensuring liquidity and transparency in trading the shares post-IPO.
Grey Market Premium (GMP) for NeoPolitan Pizza and Foods IPO
Current information from Investorgain.com reveals that the Grey Market Premium (GMP) for the NeoPolitan Pizza and Foods IPO stands at Nil. This indicates that shares are being offered at their issue price of ₹20 in the grey market, suggesting a neutral market sentiment towards the IPO.
Disclaimer: The opinions expressed above are those of individual analysts or brokerage firms and do not reflect the views of Mint. We advise investors to consult certified experts before making any investment decisions.
