The initial public offering (IPO) of NeoPolitan Pizza and Foods opened for subscription on Monday, September 30. Here’s a look at the subscription status, grey market premium (GMP), and important dates.
Subscription Status
As of 4:30 PM on the first day of bidding, the NeoPolitan Pizza and Foods IPO was subscribed 0.79 times overall. The retail category saw a subscription rate of 1.6 times, while the non-institutional investor (NII) portion was subscribed 0.12 times. There were no bids yet for the qualified institutional buyers (QIB) quota.
Key Details of the IPO
- Subscription Period: The IPO is open from September 30 to October 4.
- Allocation Date: The allocation is expected to be finalized on October 7.
- Tentative Listing Date: Shares are anticipated to be listed on the BSE on October 9.
- Issue Size: The IPO is a fixed-price issue of ₹12 crore, with 60 lakh new shares available.
- Price Per Share: The price is set at ₹20 per share.
- Minimum Lot Size: Retail investors must apply for a minimum of 6,000 shares, requiring an investment of at least ₹120,000. The high-net-worth investor (HNI) category requires a minimum of 12,000 shares, totaling ₹240,000.
Registrar and Lead Managers
Bigshare Services Pvt Ltd is the registrar for the NeoPolitan Pizza and Foods IPO, while Turnaround Corporate Advisors Private Limited serves as the book-running lead manager. MNM Stock Broking is the market maker for this IPO.
Grey Market Premium (GMP)
According to Investorgain.com, the grey market premium for NeoPolitan Pizza and Foods is currently nil, meaning shares are being traded at par with the issue price in the grey market.
