Schedule of Neopolitan Pizza and Foods
| Issue open date | 30 Sep 2024 |
| Issue close date | 04 Oct 2024 |
| UPI mandate deadline | 04 Oct 2024 (5 PM) |
| Allotment finalization | 07 Oct 2024 |
| Refund initiation | 08 Oct 2024 |
| Share credit | 08 Oct 2024 |
| Listing date | 09 Oct 2024 |
| Mandate end date | 19 Oct 2024 |
| Lock-in end date for anchor investors (50%) | 06 Nov 2024 |
| Lock-in end date for anchor investors (remaining) | 05 Jan 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Neopolitan Pizza and Foods
Established in 2011, NeoPolitan Pizza and Foods operates in two segments, namely the restaurant business and the trading of agricultural commodities. In the restaurant business, The company offers Neopolitan-style pizza, which is a traditional Italian pizza made with fresh ingredients. The menu includes a variety of toppings, and the company offers gluten-free and vegetarian options like a variety of Soups, exotic salads, freshly baked Bread, Pasta, Hand Tossed Pizza, and Desserts including such popular items as flatbread pizzas. It is an ISO 22000:2018 Certified company. In its agricultural commodities trading business, It provides quality agricultural commodities to its customers by sourcing products like cereals, pulses, fruits, and vegetables directly from farmers and suppliers.
Financials of Neopolitan Pizza and Foods
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹12 crores |
| Fresh Issue | ₹12 crores |
| Offer for sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Expansion of retail network by launching 25 new QSRs | 7.08 (59%) |
| Working capital requirements | 3.52 (29.33%) |
| Security deposit and advance rent | 0.26 (2.17%) |
| Brokerage charges | 0.13 (1.08%) |
| Issue related expenses | 0.30 (2.5%) |
| General corporate purposes | 0.71 (5.92%) |
Strengths
- The company owns and operates its restaurants and has successfully implemented a franchise model, with a total of 18 franchises operating on the Franchisee Owned Franchisee Operated (FOFO) model.
- It places a strong emphasis on customer service, which is evident in its well-trained staff, prompt service, and personalized attention to customer needs. This helps to create a positive customer experience and fosters customer loyalty.
- The company leverages technology in various aspects of its operations, such as online ordering, delivery tracking, and customer feedback. This not only enhances the customer experience but also improves operational efficiency.
- It has built a strong brand identity through consistent branding across all its outlets and marketing channels. This has helped to create a sense of trust and familiarity among customers, which in turn drives repeat business.
Risks
- The QSR segment is particularly sensitive to changes in the economy, and any economic downturn could result in decreased customer spending on dining out. Similarly, fluctuations in the market prices of agricultural commodities could impact its trading segment’s profitability.
- The Company previously got listed on the Emerge ITP Platform of National Stock Exchange of India Limited (NSE) and the same stood voluntarily delisted.
- The QSR and agricultural commodities trading industries are highly competitive, with numerous well-established players in the market. The company faces intense competition from local and international competitors.
- QSR segment is subject to food safety and quality regulations, and any failure to comply with these regulations could result in legal penalties, negative publicity, and loss of customer trust. Similarly, any quality issues with the agricultural commodities traded could lead to reputational damage and financial losses.
- The franchise model for its QSR segment involves partnering with third-party franchisees, and any failure by these franchisees to maintain brand standards or operate effectively could damage the brand image and reputation.