The NeoPolitan Pizza IPO, which closed on October 4, 2024, saw a massive response from investors, with a total subscription of 32.72 times. The IPO is creating quite the buzz, especially as investors eagerly await the allotment status. With the allotment being finalized today, October 7, 2024, after 9:00 PM, it’s crucial to understand how to check the allotment status and what to expect next.
NeoPolitan Pizza operates in two key segments, restaurant business and agricultural commodity trading—making it a diverse player in the market. Whether you’re a new or experienced investor, here’s everything you need to know about this IPO, its allotment process, and how to check the status.
Key Highlights of NeoPolitan Pizza IPO
- IPO Subscription Period:
- Open Date: September 30, 2024
- Close Date: October 4, 2024
- IPO Allotment Date:
- Finalized on October 7, 2024
- Time: After 9:00 PM IST
- Total Subscription:
- Oversubscribed by 32.72 times
- IPO Price Band:
- ₹80 to ₹85 per equity share
- Listing Date:
- Shares will be listed on October 9, 2024
- GMP (Grey Market Premium):
- The GMP post-subscription was around ₹0, indicating neutral market sentiment.
- IPO Size:
- The company issued 1.5 crore shares, with a total offering size of ₹127.5 crores.
- Lead Manager:
- The IPO is managed by Bigshare Services Pvt Ltd, which will handle the allotment process.
- Allocation:
- 50% of the shares are allocated to qualified institutional buyers (QIB), 35% to retail investors, and 15% to non-institutional investors (NII).
Step-by-Step Guide to Check NeoPolitan Pizza IPO Allotment Status
Once the allotment is finalized, investors can easily check their status online using several methods. Follow the steps below to verify whether you’ve received the allotment.
1. Checking Allotment via Bigshare Website
- Step 1: Visit the Bigshare IPO Allotment Page.
- Step 2: Select “NeoPolitan Pizza” from the drop-down menu under the IPO section.
- Step 3: Choose between PAN Number, Application Number, or DP ID.
- Step 4: Enter the necessary details and click “Search.”
- Step 5: The allotment status will be displayed on the screen.
2. Checking Allotment via BSE Website
- Step 1: Go to the BSE IPO Allotment Page.
- Step 2: Select “NeoPolitan Pizza” from the drop-down menu.
- Step 3: Enter your PAN Number, Application Number, or Demat ID.
- Step 4: Click “Search” to view your allotment status.
3. Checking Allotment via Your Demat Account
- Step 1: Log into your Demat account using your broker’s platform (e.g., Zerodha, Upstox, etc.).
- Step 2: Navigate to the “Holdings” section.
- Step 3: Check if the shares are credited under “NeoPolitan Pizza.” If so, you’ve been allotted shares.
4. Checking Allotment via Bank Account
- Step 1: Log into the bank account you used for the IPO application.
- Step 2: Under the Balance Tab, check if the IPO amount is debited or released.
- Step 3: If shares were allotted, the amount will be debited, and you’ll receive a notification (SMS/email) from your bank or broker.
Important Dates to Remember
| Event | Date |
|---|---|
| IPO Open Date | September 30, 2024 |
| IPO Close Date | October 4, 2024 |
| Allotment Finalization | October 7, 2024 |
| Refunds Initiated | October 8, 2024 |
| Shares Credited to Demat | October 8, 2024 |
| IPO Listing Date | October 9, 2024 |
What to Do If You Don’t Receive the Allotment?
If you didn’t get the shares in the allotment, here’s what to do next:
- Check Refund Status: If you haven’t received the allotment, the blocked amount in your bank account will be automatically released.
- Monitor Your Email and SMS: You will receive updates from your bank or broker regarding the refund. Ensure that the refund amount is credited back to your account.
- Look for Upcoming IPOs: Don’t be disheartened if you missed out on NeoPolitan Pizza shares. Keep an eye on the upcoming IPOs and participate early to improve your chances of allocation.
About NeoPolitan Pizza and Foods Limited
NeoPolitan Pizza is a well-established brand in the restaurant business, offering fresh and authentic Italian pizzas across its network of franchise-operated outlets. The company also has a diversified business model, trading in agricultural commodities such as wheat, rice, and onions, adding further stability to its revenue streams.
Founded initially as JRM Fertilizer Pvt Ltd, the company transitioned into its current model of restaurant operations and agricultural trading in 2014. NeoPolitan Pizza now operates a mix of franchise outlets and owns several agricultural trading units, making it a unique player in the market with multiple revenue avenues.
Why Should You Consider NeoPolitan Pizza IPO?
- Strong Business Model: The company’s presence in both the restaurant industry and agricultural commodities offers diverse revenue streams.
- Oversubscription: With a total subscription of 32.72 times, the IPO has garnered significant interest from institutional and retail investors alike.
- Industry Outlook: The quick-service restaurant (QSR) market in India is booming, and NeoPolitan Pizza’s focus on authentic Italian cuisine gives it an edge over competitors.
- Growth Potential: With plans to expand its restaurant chain further and continue strengthening its agricultural trading business, NeoPolitan Pizza is poised for long-term growth.
Conclusion
The NeoPolitan Pizza IPO offers investors an exciting opportunity to invest in a dual-segment company with a robust growth outlook. With the allotment status being finalized today, investors can check their allocation using the methods outlined above. The company’s strong fundamentals and oversubscription rate suggest a promising listing ahead.
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Disclaimer
This article is for informational purposes only and does not constitute financial or investment advice. Always do your own research before making any investment decisions. The author and publisher do not hold any responsibility for financial losses or gains incurred from using this information. Past performance does not guarantee future results.
