NeoPolitan Pizza and Foods IPO: The initial public offering of NeoPolitan Pizza and Foods opened for subscription on Monday, September 30. Read below for details on subscription status, GMP and key dates
NeoPolitan Pizza and Foods IPO: Subscription status
The IPO of NeoPolitan Pizza and Foods was subscribed 0.79 times on the first day of the bidding process as of 4:30 pm. The retail category was subscribed 1.6 times and the non-institutional investor (NII) portion 0.12 times. The qualified institutional buyers (QIB) quota did not see any bids yet
October 4 is the last day of the NeoPolitan Pizza and Foods IPO subscription period, which started on September 30. It is expected that the allocation for NeoPolitan Pizza and Foods IPO would be finished on Monday, October 7.
The shares of NeoPolitan Pizza and Foods IPO are scheduled to list on the BSE on Wednesday, October 9, which is the tentative listing date.
The IPO price of NeoPolitan Pizza and Foods is ₹20 per share. An application must have a minimum lot size of 6,000 shares. Retail investors thereby are required to invest a minimum of ₹120,000.
HNI quota requires a minimum investment of two lots, or 12,000 shares, totalling ₹240,000
NeoPolitan Pizza and Foods Initial Public Offering:
Lead and Registrar Bigshare Services Pvt Ltd is the registrar for the NeoPolitan Pizza and Foods IPO, while Turnaround Corporate Advisors Private Limited is the book-running lead manager. The market maker for NeoPolitan Pizza and Foods IPO is MNM Stock Broking.
NeoPolitan Pizza and Foods IPO: GMP or grey market premium Based on data sourced from Investorgain.com, the IPO price of NeoPolitan Pizza & Foods had a zero gross margin percentage.
As a result, at this time, the grey market is offering NeoPolitan Pizza and Foods shares for zero more than the issue price.