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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.
The promoter of the company are Mr. Navdeep Subhashbhai Mehta and Mrs. Tejal Navdeep Mehta.
| 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
| IPO Opening Date | Aug 30, 2019 |
| IPO Closing Date | Sep 4, 2019 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹24 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | BSE SME |
| Issue Size | 1,872,000 Eq Shares of ₹10 (aggregating up to ₹4.49 Cr) |
The Smiloshine IPO open date is Aug 30, 2019, and the close date is Sep 4, 2019. The issue may list on Sep 13, 2019.
| IPO Open Date | Aug 30, 2019 |
| IPO Close Date | Sep 4, 2019 |
| Basis of Allotment Date | Sep 9, 2019 |
| Initiation of Refunds | Sep 11, 2019 |
| Credit of Shares to Demat Account | Sep 12, 2019 |
| IPO Listing Date | Sep 13, 2019 |
The Smiloshine IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹144,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹144,000 |
| Maximum | 1 | 6000 | ₹144,000 |
| Pre Issue Share Holding | 99.35% |
| Post Issue Share Holding | 60.88% |
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 Sep 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) |
|---|---|
| NII | 1.80 |
| Retail | 0.67 |
| Total | 1.24 |
| Listing Date | Friday, September 13, 2019 |
| BSE Script Code | 542771 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE08JY01013 |
| IPO Price | ₹24 per equity share |
| Face Value | ₹10 per equity share |
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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/
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
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 equity share. The minimum order quantity is 6000 Shares.
The IPO opens on Aug 30, 2019, and closes on Sep 4, 2019.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Smiloshine IPO opens on Aug 30, 2019 and closes on Sep 4, 2019.
Smiloshine IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.
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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Smiloshine IPO will be done on Sep 9, 2019, and the allotted shares will be credited to your demat account by Sep 12, 2019. Check the Smiloshine IPO allotment status.
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