October 9, 2024
New Delhi, India
IPO Listing
Neopolitan Pizza made its stock market debut on October 9, 2024, with its shares opening at ₹19.25 on the BSE SME, nearly matching its IPO price of ₹20. The company raised ₹12 crore through its IPO, which was 32.72 times oversubscribed during the subscription period from September 30 to October 4, 2024.
Fund Utilization Plans
Proceeds from the IPO will be used to:
- Set up a new manufacturing unit to expand production capabilities.
- Repay or prepay debts to strengthen financial stability.
- Cover land registration costs for property purchased from the promoter.
- Allocate funds for general corporate purposes to support the company’s overall growth.
Company Overview
Neopolitan Pizza operates in two main segments:
- Restaurant Business: It owns and operates Neopolitan-style pizza restaurants, offering a variety of toppings, including gluten-free and vegetarian options. The company operates through a mix of company-owned and franchised outlets.
- Agricultural Commodity Trading: It sources and trades products such as wheat, rice, tomatoes, and onions.
As of December 31, 2023, the company had 19 restaurants across 16 cities in 2 states and union territories in India.
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