NeoPolitan Pizza and Foods IPO Day 3: Check Subscription Status, GMP Today

NeoPolitan Pizza and Foods IPO: The initial public offering of NeoPolitan Pizza and Foods Ltd, which was opened on September 30, will be closed on Friday, October 4. The price of the Rs 12-crore SME IPO has been fixed at Rs 20 per share for the public issue. Till 11:11 am on the third day of bidding on Thursday, the SME IPO received a 5.58 times subscription garnering bids for 3,18,12,000 shares as against the 57,00,001 shares on offer.

The category for non-institutional investors received 0.96 times subscription, while the portion for retail individual investors (RIIs) got subscribed 10.21 times.

The IPO will be closed on October 4.

NeoPolitan Pizza and Foods IPO: Key Dates

The IPO is available for public subscription between September 30 and October 4. The share allotment of the NeoPolitan Pizza and Foods IPO will likely be finalised on October 7, while its shares will be listed on the BSE SME on October 9.

NeoPolitan Pizza and Foods IPO: Price Band

The price of the Rs 12-crore SME IPO has been fixed at Rs 20 per share for the public issue.

NeoPolitan Pizza and Foods IPO: GMP Today

According to market observers, unlisted shares of NeoPolitan Pizza and Foods Ltd are trading at the same price as its issue price of Rs 20, thus zero GMP. The zero GMP indicates no listing gains from the IPO.

The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

NeoPolitan Pizza and Foods IPO: More Details

The NeoPolitan Pizza and Foods IPO is entirely a fresh issue of 60 lakh shares.

NeoPolitan Pizza and Foods IPO bidding opened for subscription on September 30, 2024 and will close on October 4, 2024. The allotment for the NeoPolitan Pizza and Foods IPO is expected to be finalized on Monday, October 7, 2024. NeoPolitan Pizza and Foods IPO will list on BSE SME with tentative listing date fixed as Wednesday, October 9, 2024.

NeoPolitan Pizza and Foods IPO price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to ₹240,000.

Turnaround Corporate Advisors Private Limited is the book running lead manager of the NeoPolitan Pizza and Foods IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for NeoPolitan Pizza and Foods IPO is Mnm Stock Broking.