Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Smiloshine IPO is a fixed price issue of Rs 4.49 crores.
Smiloshine IPO bidding started from August 30, 2019 and ended on September 4, 2019. The allotment for Smiloshine IPO was finalized on Monday, September 9, 2019. The shares got listed on BSE SME on September 13, 2019.
Smiloshine IPO price is ₹24 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹144,000.
First Overseas Capital Limited is the book running lead manager of the Smiloshine IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Smiloshine IPO RHP for detailed information.
| IPO Date | August 30, 2019 to September 4, 2019 |
| Listing Date | September 13, 2019 |
| Face Value | ₹10 per share |
| Price | ₹24 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 1,872,000 shares (aggregating up to ₹4.49 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 96,000 shares |
Smiloshine IPO offers 1,872,000 shares. 888,000 (47.44%) to NII, 888,000 (47.44%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 96,000 (5.13%) |
| Other Shares Offered | 888,000 (47.44%) |
| Retail Shares Offered | 888,000 (47.44%) |
| Total Shares Offered | 1,872,000 (100%) |
Smiloshine IPO opens on August 30, 2019, and closes on September 4, 2019.
| IPO Open Date | Friday, August 30, 2019 |
| IPO Close Date | Wednesday, September 4, 2019 |
| Basis of Allotment | Monday, September 9, 2019 |
| Initiation of Refunds | Wednesday, September 11, 2019 |
| Credit of Shares to Demat | Thursday, September 12, 2019 |
| Listing Date | Friday, September 13, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 4, 2019 |
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹144,000 |
| Retail (Max) | 1 | 6000 | ₹144,000 |
| Lot Size Calculator | |||
The promoter of the company are Mr. Navdeep Subhashbhai Mehta and Mrs. Tejal Navdeep Mehta.
| Share Holding Pre Issue | 99.35% |
| Share Holding Post Issue | 60.88% |
Incorporated in 2011, Novateor Research Laboratories Ltd is engaged in developing novel personal care products. The company is mainly known by its teeth whitening products which sold in the market under the brand name of SmiloShine. Their product range includes Whitening Toothbrush, Teeth Whitening Charcoal Gel Strips and Teeth Whitening Strips.
The manufacturing facility of the company is located at Sanand Taluka, Ahmedabad District. Currently, the company have its presence only in Gujrat and Maharashtra. But they also sell their products online through Amazon, Flipcart and Nykaa.com. The company is also planning to tie-up with multiple distributors, dentists and other modern retail for marketing, selling and branding their products. Their manufacturing facility has a semi-automation process which reduces manual labour and material wastage.
Novateor manufactures three different types of teeth whitening strips based on different variants. The company is also planning to extend the business in health care pharma products, speciality pharma and cosmetics in future. Company's customer base consists of well-trained Dentists.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||
|---|---|---|---|---|
| � | 31-March-19 | 31-March-18 | 31-March-17 | |
| Total Assets | 431.61 | 183.77 | 189.81 | |
| Total Revenue | 51.41 | 11.33 | 16.18 | |
| Profit After Tax | 21.85 | 0.09 | (0.30) | |
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
1) Additional Working Capital; and
2) To meet the expenses of the Issue
[Dilip Davda] Financial data does not merit the exorbitant asking price. LM has a poor track record. There is no harm in giving this issue a miss. Read detail review...
The Smiloshine IPO is subscribed 1.24 times on September 4, 2019 6:49:04 PM. The public issue subscribed 0.67 times in the retail category, times in the QIB category, and 1.80 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.80 |
| Retail | 0.67 |
| Total | 1.24 |
| Listing Date | September 13, 2019 |
| BSE Script Code | 542771 |
| NSE Symbol | |
| ISIN | INE08JY01013 |
| Final Issue Price | ₹24 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹24.00 |
| ₹24.00 |
| ₹24.00 |
| ₹25.20 |
| ₹24.15 |
Novateor Research Laboratories Ltd
B-1001,10th Floor, Block B, Titanium City Center,
Nr Sachin Tower, Anandnagar Rd,100 Ft Rd,
Satellite, Ahmedabad 380015, Gujarat, India
Phone: +91 79 4039 5888/ 63533 4
Email: compliancenovateor@gmail.com
Website: http://www.novateor.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide 
Smiloshine IPO is a SME IPO of 1,872,000 equity shares of the face value of ₹10 aggregating up to ₹4.49 Crores. The issue is priced at ₹24 per share. The minimum order quantity is 6000 Shares.
The IPO opens on August 30, 2019, and closes on September 4, 2019.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Smiloshine IPO opens on August 30, 2019 and closes on September 4, 2019.
Smiloshine IPO lot size is 6000 Shares, and the minimum amount required is ₹144,000.
You can apply in Smiloshine IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Smiloshine IPO will be done on Monday, September 9, 2019, and the allotted shares will be credited to your demat account by Thursday, September 12, 2019. Check the Smiloshine IPO allotment status.
Thank you,
Admin @ Chittorgarh.com
ProStocks (Stock Broker) offers Unlimited Trades @ Rs 899 Per Month (or Rs 15 per trade) + Rs 0 Eq Delivery Brokerage + AMC Free Demat + Rs 0 Account Opening Fee. Team Chittorgarh.com guarantee you the best service. Open instant account
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Guru (2000+ Posts, 1000+ Likes)
IPO Mentor (900+ Posts, 1500+ Likes)
BRLM are Sleeping Now...
Retailers Are Mad and Rushing for IPO.
HNIs are selling Huge Quantity in Grey.
Currently Premium Felt to 60/-
Rajkot Counters Are still Having Pending Seller Orders @63/-
Jaipur Delhi All Counters are short.
Looking at This HNI Funding May Not be Available.
However Technical No Problem with Bank.