On Wednesday, the shares of NeoPolitan Pizza and Foods will make their debut on the BSE SME platform. The company’s shares were trading on the grey market with a GMP of Rs 0 before to the listing.
A flat to negative listing is anticipated for the stock, given the upper price range of Rs 20. It is crucial to remember that grey market premiums are merely a snapshot of the company’s share price distribution in the unlisted market and are liable to fluctuate quickly.
NeoPolitan Pizza Listing Details
- Listing Price: Neopolitan Pizza And Foods had a somewhat lackluster debut as a publicly traded company when its shares were listed on the BSE SME platform for ₹19.25 a share.
- Comparing the Listing Price to the Issue Price: The IPO issue price is slightly more than the listing price. The IPO price of Neopolitan Pizza And Foods was fixed at ₹20 per share.
- Percentage Change: At ₹19.25 on the BSE SME, the listing price represents a 3.75% decrease from the ₹20 issue price.
NeoPolitan Pizza IPO GMP
The IPO’s gray market premium was greater than the listing price. Just prior to the listing, the NeoPolitan Pizza IPO GMP was Rs 0 over the issue price, according InvestorGain. Investors should be aware that an IPO’s GMP is a speculative estimate and does not represent the official price.
About Neopolitan Pizza
The firm is divided into two segments: dealing in agricultural commodities and operating restaurants. In the restaurant industry, the corporation runs franchises in addition to owning and managing its own eateries. It serves Neopolitan-style pizza, a classic Italian dish prepared with farm-fresh ingredients.
There are many different toppings on the menu, and the restaurant has vegetarian and gluten-free options. The name of the business, “Neopolitan Pizza,” was inspired by the little Italian village where pizza first appeared.
