Neopolitan Pizza IPO: Open/Close Date, Price, Lot Size, Allotment & Subscription

IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

Up to 60,00,000 equity shares aggregating up to ₹ 1,200 lakh

Investor category and sub category

Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) | Eligible employees |

About Neopolitan Pizza Limited

Neopolitan Pizza Limited, formerly known as JRM Fertilizer Private Limited, started its journey on February 5, 2011, in Gujarat, India, before transitioning to its current name on June 19, 2012. Founded by Mukund Purohit, the company revolutionised the Indian food scene by bringing the beloved Italian dish, pizza, to the country, tailored to local tastes.

Listed on the Emerge ITP Platform of the National Stock Exchange of India Limited on November 3, 2014, Neopolitan Pizza Limited operates in two segments: restaurants and agricultural commodity trading. Specialising in Neopolitan-style pizza, the company offers a diverse menu including gluten-free and vegetarian options.

In addition to its restaurant business, Neopolitan Pizza engages in trading agricultural commodities such as wheat, rice, and tomatoes. This diversification strategy allows the company to leverage its food industry expertise while expanding revenue streams.

With ISO 22000:2018 certification and a focus on quality ingredients, Neopolitan Pizza ensures a consistent dining experience across its outlets, including its franchise locations. In future, the company plans to expand its presence across India and internationally, exemplified by its investment in Neoindian Pizza Inc., a subsidiary based in the USA.

Industry Outlook:

During the financial year spanning April 2022 to January 2023, agricultural exports saw a steady rise, increasing by 6.04% to reach a total of $40.90 billion. Notably, wheat exports surged to $1519.69 lakh in FY 2022-23, with projections indicating they could surpass 10 lakh metric tons by the end of the fiscal year. Given Neapolitan Pizza's expertise in food production, sourcing, and quality control, it can effectively leverage this scenario to trade agricultural commodities.
With urban households experiencing a 33.5% rise in average monthly per capita consumption expenditure since 2011-12, reaching ₹3,510, and rural India witnessing a 40.42% increase to reach ₹2,008 over the same period, there's a surge in disposable income available for dining out.

Neopolitan Pizza Limited IPO Details

Neopolitan Pizza Limited IPO Dates

The exact dates are yet to be announced.

Neopolitan Pizza Limited IPO Price Band

The exact price range is yet to be announced.

Neopolitan Pizza Limited IPO Lot Size

The exact lot size is not announced yet.

Neopolitan Pizza Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

The company plans to utilise 59.00% of the total issue size (₹ 708 lakh) to launch 25 new Quick Service Restaurants (QSR), aiming to expand the market reach and enhance brand presence.
The company intends to allocate 2.17% of the total issue size (₹ 26 lakh) for securing rental spaces, ensuring smooth establishment of new outlets and operational readiness.
The company aims to set aside 1.08% of the total issue size (₹ 13 lakh) to cover brokerage charges associated with financial transactions related to the issue.
Allocating 29.33% of the total issue size (₹ 352 lakh) to fulfil working capital needs, ensuring seamless day-to-day operations and business continuity.
Allocating 5.92% of the total issue size (₹ 71 lakh) for general corporate expenses, including administrative costs and overheads essential for business operations.

Peer Details

As there are no other companies in India that provide products or services across the same diverse business segments as Neopolitan Pizza Limited, making a direct comparison is not feasible.

How to Check the Allotment Status of the Neopolitan Pizza Limited IPO?

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Contact Details of Neopolitan Pizza Limited IPO

Registered office: 434 & 435, SWC Hub, Opp. Rajpath Complex, Vasna Bhayli Road, Vadodara –391410, Gujarat, India
Phone: +91 73591 93272
E-mail:csneo@neopolitanpizza.in

IPO Financials

Particulars	As at December 31, 2023	Year ending on March 31, 2023	Year ending on March 31, 2022	Year ending on March 31, 2021
Revenue from Operations (in ₹ lakh)	3032.70	2003.54	1629.57	670.68
Profit After Tax (PAT) (in ₹ lakh)	160.13	116.80	18.44	11.61
Cash and Cash Equivalents (in ₹ lakh)	21.12	22.64	4.24	2.79
Return on Net Worth (%)	NA	8.45%	2.28%	5.32%
Debt-Equity Ratio	0.03	0.05	0.32	1.20
Return on Equity (%)	13.85%	8.45%	2.28%	5.32%
Return on Capital Employed (RoCE) (%)	18.02%	12.66%	4.65%	5.47%
EBITDA (in ₹ lakh)	246.38	225.63	92.45	44.90

Know before investing

Strengths

Neopolitan Pizza Limited is renowned for its authentic Neopolitan-style pizza, offering a unique taste in the Indian market. The diverse menu caters to various tastes and dietary preferences, including vegetarian, vegan, salads, pasta, burgers, sandwiches, and desserts.
The company has built a strong brand identity through consistent branding and efficient operational processes. Its efficient systems ensure quick and reliable service, even during peak hours, enhancing customer satisfaction.
Neopolitan Pizza Limited has effectively implemented a franchise model, enabling rapid expansion across India. A strong emphasis on customer service, well-trained staff, and personalised attention fosters positive customer experiences and loyalty.
In the agricultural commodity trading segment, the company sources quality products directly from farmers and suppliers, ensuring freshness and sustainability. By diversifying the product line, establishing commercial alliances, utilising technology, encouraging sustainability, and cooperating with other industries, there is a chance to gain market share.

Risks

Neopolitan Pizza Limited faces the risk of business disruption caused by public health emergencies like the COVID-19 pandemic. Temporary closures mandated by governments and reduced consumer spending during such crises can adversely affect revenue and profitability.
The company's Quick Service Restaurant (QSR) segment is vulnerable to economic downturns, leading to decreased consumer spending. Fluctuations in agricultural commodity prices may impact trading segment profitability, affecting overall financial performance.
Neopolitan Pizza Limited operates in highly competitive industries with numerous established players. Failure to effectively compete with competitors could result in market share loss, decreased revenue, and profitability, posing significant threats to the company's financial performance.
Compliance with food safety and quality regulations is essential for Neopolitan Pizza Limited's operations. Any failure to comply could lead to legal penalties, negative publicity, and loss of customer trust. Similarly, quality issues in traded agricultural commodities may damage the company's reputation and incur financial losses.