From Oven to IPO: Neopolitan Pizza’s Culinary Adventure
The long-awaited IPO of Neopolitan Pizza, a beloved Indian restaurant chain known for its unlimited pizza buffet, has arrived. Neopolitan started as a small restaurant and has grown into a popular chain. As the company slices into the stock market, investors are eager to savor the opportunity to join this flavorful journey.
Neopolitan Pizza shares opened at ₹19.25, nearly matching its IPO price of ₹20. Looking further investment avenues, watch all the Upcoming & Live IPOs to get in on the ground floor of promising companies.
Topics Covered
- About the company
- Conclusion
About the company
Mukund Purohit, the founder and CEO of Neopolitan Pizza Limited (India), dreamed of offering Indians unlimited Italian food. In 2012, he turned his passion into business by opening the first Neopolitan Pizza restaurant.
In the vibrant state of Gujarat, India, Neopolitan Pizza established itself as the premier destination for unlimited Italian pizza. With its roots firmly planted in Gujarat, a region filled with rich heritage and tradition, Neopolitan Pizza has expanded its reach across India, becoming a household name in the culinary landscape. The brand’s journey from a local favorite to a national sensation is proof of its exceptional quality, innovative offerings, and strong commitment to customer satisfaction.
Neopolitan Pizza is a popular restaurant chain known for its delicious pizza and excellent service. They have been providing customers with high-quality Italian food since 2012. Their goal is to offer memorable dining experiences, and their name is inspired by the birthplace of pizza, Naples, Italy.
The company has successfully expanded its operations to the United States by establishing its subsidiary, Neoindindian Pizza Inc. This strategic move has allowed the company to reach a wider global audience. As of March 2024, the company operated 21 restaurants in India, spread across multiple cities and states.
For FY24 the company’s revenue increased by 120% and Profit After Tax(PAT) rose by 80%.
IPO Details-
Face Value: ₹10 per share
Price: ₹20 per share
Lot Size: 6000 shares
Fresh Issue: 6,000,000 shares
Listing Date: October 09, 2024
Conclusion
Neopolitan Pizza’s journey from a small local spot to a national sensation highlights its commitment to quality and innovation. Now, as a public company, Neopolitan Pizza presents a unique opportunity for investors to share in its flavorful success. With remarkable growth, international expansion, and a loyal customer base, Neopolitan Pizza is poised to continue delivering exciting growth opportunities. Don't miss your chance to invest in a brand that's revolutionizing the culinary landscape and join Neopolitan Pizza on its vibrant journey to continued success.
Check out the IPOs Performance in 2024 So Far and know the process of IPO in India. Your willingness to invest must consider How to Apply for an IPO. Also, watch why you should invest in an IPO.
Disclaimer: This blog is posted solely for educational purposes. The securities mentioned are examples and not recommendations. It is based on various secondary sources from the internet and is subject to change. Please consult an expert before making any related decisions.
