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Novateor Research Laboratories Ltd IPO (Smiloshine IPO) Detail

Aug 30, 2019 - Sep 4, 2019

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.

Company Promoters:

The promoter of the company are Mr. Navdeep Subhashbhai Mehta and Mrs. Tejal Navdeep Mehta.

Company Financials:

Summary of financial Information (Restated)
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)

Objects of the Issue:

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

Smiloshine IPO Details

Issue OpenAug 30, 2019 - Sep 4, 2019
Issue TypeFixed Price Issue IPO
Issue Size1,872,000 Eq Shares of ₹10
(aggregating up to ₹4.49 Cr)
Face Value₹10 Per Equity Share
Issue Price₹24 Per Equity Share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Listing AtBSE SME

Smiloshine IPO Tentative Date / Timetable

Bid/Offer Opens OnAug 30, 2019
Bid/Offer Closes OnSep 4, 2019
Finalisation of Basis of AllotmentSep 9, 2019
Initiation of RefundsSep 11, 2019
Credit of Shares to Demat AcctSep 12, 2019
IPO Shares Listing DateSep 13, 2019

Smiloshine IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum16000₹144,000
Maximum16000₹144,000

Smiloshine IPO Promoter Holding

Pre Issue Share Holding99.35%
Post Issue Share Holding60.88%

Smiloshine IPO Subscription Status (Bidding Detail)

Smiloshine IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

888,000

888,000

1,776,000

Sep 4, 2019 18:49

1.80x

0.67x

1.24x

Smiloshine IPO Prospectus

Smiloshine IPO Rating

120
4.6
Rating:Rated 4.6 stars

Vote Here ...

Smiloshine IPO Listing Date

Listing DateFriday, September 13, 2019
BSE Script Code542771
NSE Symbol
Listing InMT
ISININE08JY01013
Issue Price₹24 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE SME
₹24.00
₹24.00
₹24.00
₹25.20
₹24.15
216,000

Smiloshine IPO Reviews / Ratings

Company Contact Information

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/

Smiloshine IPO Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: einward.ris@karvy.com
Website: https://karisma.karvy.com/

Smiloshine IPO FAQs

  1. 1. What is Smiloshine IPO?

    Smiloshine IPO is a SME initial public offering of 1,872,000 equity shares of the face value of ₹10 aggregating up to ₹4.49 Crores.

    The issue price of the IPO is ₹24 Per Equity Share. The minimum order quantity is 6000 Shares per application and the offer type is Fixed Price Issue.

    The IPO opens on Aug 30, 2019 and closes on Sep 4, 2019.

    Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

  2. 2. When Smiloshine IPO will open?

    The Smiloshine IPO opens on Aug 30, 2019 and closes on Sep 4, 2019.

  3. 3. How to apply for Smiloshine IPO?

    Smiloshine IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Smiloshine IPO allotment?

    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.

  5. 5. When is Smiloshine IPO listing date?

    The Smiloshine IPO listing date is on Friday, September 13, 2019, at BSE SME.
  6. 6. What is the lot size of Smiloshine IPO?

    Smiloshine IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.

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Smiloshine IPO Review / Comments

Rajkot Broker Association Arjun
11. Rajkot Broker Association Arjun  Nov 22, 2019 20:00 I Like It. | Report Abuse
Issue Is Subscribed.
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.

Master Advice
10. Master Advice  Sep 13, 2019 14:15 I Like It. | Report Abuse
Keep it up promotor well done
Master Advice
9. Master Advice  Sep 13, 2019 14:14 I Like It. | Report Abuse
No selling pressure in this company jisne bhi is company me invest kiya hai woh long wale hai is liye selling pressure nai aaya
Master Advice
8. Master Advice  Sep 13, 2019 14:10 I Like It. | Report Abuse
Teeth whiteing produt tooth brush many more products in pipe line long term very good share
RAJAKUMAR
7. RAJAKUMAR  Sep 13, 2019 11:32 I Like It. 3 | Report Abuse
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
Dear Small
Tooth brush company but upper circuit 25.2
Small Investor
7.1. Small Investor  Sep 13, 2019 12:30 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Buyer 120000 only maintain issue price today
Small Investor
7.2. Small Investor  Sep 13, 2019 12:32 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Only 2 lot trade at upper circuit so far , trading exp not cover at this price so far
let's see next time and days

Master Advice
6. Master Advice  Sep 13, 2019 02:33 I Like It. | Report Abuse
Aajtak maine itne sme ipo dekhe par kisi mai bhi Qib application nai aayi 1st time mene novateor me 48k ki Qib application dekhi hai jab jab Qib part leti hai tab tab long story hoti hai.
Master Advice
5. Master Advice  Sep 12, 2019 22:54 I Like It. | Report Abuse
Listing between 24 to 30 good shares for long term
Master Advice
4. Master Advice  Sep 3, 2019 22:26 I Like It. | Report Abuse
What is the view above novateor whether to fillup the sme ipo or not
Small Investor
4.1. Small Investor  Sep 4, 2019 12:14 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Keep Away from this tooth brush company
big avoid this
ADITYA DABHI
3. ADITYA DABHI  Sep 1, 2019 17:14 I Like It. | Report Abuse
Respected Admin Sir, please re-start the general ipo discussion page as earlier was.
Team Chittorgarh.com
3.1. Team Chittorgarh.com  Sep 1, 2019 18:23 I Like It. | Report Abuse
Dear Sir,

Are you looking for following page?

https://www.chittorgarh.com/ipo/ipo_discussions.asp

It was fixed yesterday.

If you are looking for anything else, please let us know.

Thank you,

Chittorgarh.com Admins

Athar
3.2. Athar  Sep 3, 2019 00:05 I Like It. | Report Abuse
Yes. I am interested in ipo discussion forum
Master Advice
2. Master Advice  Sep 2, 2019 19:05 I Like It. | Report Abuse
Hello expert

What is ur view on novateor ipo
Nair
1. Nair  Sep 2, 2019 12:32 I Like It. | Report Abuse
Hi Experts,

Views on the subject share is awaited yet.

Regards,

Sunil



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