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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 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

IPO Date Aug 30, 2019 to Sep 4, 2019
Listing Date Friday, September 13, 2019
Face Value ₹10 per share
Price ₹24 per share
Lot Size 6000 Shares
Issue Size1,872,000 shares of ₹10
(aggregating up to ₹4.49 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

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

Smiloshine IPO Tentative Timetable

Smiloshine IPO opens on Aug 30, 2019, and closes on Sep 4, 2019. The Smiloshine IPO bid date is from Aug 30, 2019 10.00 A.M. to Sep 4, 2019 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Aug 30, 2019
Closing Date Sep 4, 2019
Basis of Allotment Sep 9, 2019
Initiation of Refunds Sep 11, 2019
Credit of Shares to Demat Sep 12, 2019
Listing Date Sep 13, 2019

Smiloshine IPO Lot Size

The Smiloshine IPO 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
Retail (Min) 1 6000 ₹144,000
Retail (Max) 1 6000 ₹144,000

Smiloshine IPO Promoter Holding

Pre Issue Share Holding 99.35%
Post Issue Share Holding 60.88%

Smiloshine IPO Review

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...


Smiloshine IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
NII1.80
Retail0.67
Total1.24

Smiloshine IPO Prospectus

Smiloshine IPO Rating

120
4.6
Rating:Rated 4.6 stars
Vote Here ...

Smiloshine IPO Listing Date

Listing Date Friday, September 13, 2019
BSE Script Code 542771
NSE Symbol
Listing In MT Group of Securities
ISIN INE08JY01013
IPO Price ₹24 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹24.00
₹24.00
₹24.00
₹25.20
₹24.15

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

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Smiloshine IPO Review

Smiloshine IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews


IPO Broker Recommendations

Smiloshine IPO FAQs

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 Aug 30, 2019, and closes on Sep 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 Aug 30, 2019 and closes on Sep 4, 2019.

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

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.

The Smiloshine IPO listing date is on Friday, September 13, 2019.
Open an Instant Account with Zerodha

Smiloshine IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members

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16 Comments

11. Rajkot Broker Association Arjun |   Link |Nov 22, 2019 8:00:24 PM
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.

10. Master Advice |   Link |Sep 13, 2019 2:15:05 PM
Keep it up promotor well done
9. Master Advice |   Link |Sep 13, 2019 2:14:01 PM
No selling pressure in this company jisne bhi is company me invest kiya hai woh long wale hai is liye selling pressure nai aaya
8. Master Advice |   Link |Sep 13, 2019 2:10:32 PM
Teeth whiteing produt tooth brush many more products in pipe line long term very good share
7. RAJAKUMAR |   Link |Sep 13, 2019 11:32:33 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Dear Small
Tooth brush company but upper circuit 25.2
7.1. Small Investor |   Link |Sep 13, 2019 12:30:14 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Buyer 120000 only maintain issue price today
7.2. Small Investor |   Link |Sep 13, 2019 12:32:34 PM
IPO Guru IPO Guru (1600+ Posts, 900+ 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

6. Master Advice |   Link |Sep 13, 2019 2:33:30 AM
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.
5. Master Advice |   Link |Sep 12, 2019 10:54:27 PM
Listing between 24 to 30 good shares for long term
4. Master Advice |   Link |Sep 3, 2019 10:26:59 PM
What is the view above novateor whether to fillup the sme ipo or not
4.1. Small Investor |   Link |Sep 4, 2019 12:14:24 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Keep Away from this tooth brush company
big avoid this
3. ADITYA DABHI |   Link |Sep 1, 2019 5:14:03 PM
Respected Admin Sir, please re-start the general ipo discussion page as earlier was.
3.1. Team Chittorgarh.com |   Link |Sep 1, 2019 6:23:02 PM
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
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,
@Admin, Team Chittorgarh.com

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3.2. Athar |   Link |Sep 3, 2019 12:05:31 AM
Top Contributor Top Contributor (200+ Posts)
Yes. I am interested in ipo discussion forum
2. Master Advice |   Link |Sep 2, 2019 7:05:50 PM
Hello expert

What is ur view on novateor ipo
1. Nair |   Link |Sep 2, 2019 12:32:48 PM
Hi Experts,

Views on the subject share is awaited yet.

Regards,

Sunil