NeoPolitan Pizza and Foods IPO: Day 3 Subscription Status & GMP Revealed – Key Dates You Can’t Miss

The initial public offering (IPO) for NeoPolitan Pizza and Foods started on 30 September 2024. Here’s a simple breakdown of the subscription status, key dates, and important details.

Subscription Status

By the end of the day on 30 September 2024 (4:30 PM), NeoPolitan Pizza and Foods’ IPO was subscribed 0.79 times. The retail category was subscribed 1.46 times, while the Qualified Institutional Buyer (QIB) category did not see any subscriptions. The Non-Institutional Investor (NII) category was subscribed 0.12 times.

Key Dates

• Subscription Period: The IPO started on 30 September 2024 and will close on 4 October 2024.
• Allotment Date: The shares are expected to be allocated on 7 October 2024.
• Listing Date: The shares are tentatively set to list on the BSE on 9 October 2024.

IPO Details

NeoPolitan Pizza and Foods aims to raise ₹12 crore through this IPO, which is a fixed price issue. A total of 60 lakh new shares will be offered at a price of ₹20 per share.

• Minimum Investment: Retail investors need to apply for at least one lot of 6,000 shares, requiring an investment of ₹120,000. High Net-worth Individuals (HNIs) must apply for at least two lots (12,000 shares), with a minimum investment of ₹240,000.

Registrar and Lead Managers

• Registrar: Bigshare Services Pvt Ltd
• Lead Manager: Turnaround Corporate Advisors Private Limited
• Market Maker: Mnm Stock Broking

Grey Market Premium (GMP)

According to information from Investorgain.com, the Grey Market Premium (GMP) for NeoPolitan Pizza and Foods IPO is currently Nil, meaning the shares are trading at the same price as the issue price of ₹20 in the grey market.