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 Open	Aug 30, 2019 - Sep 4, 2019
Issue Type	Fixed Price Issue IPO
Issue Size	1,872,000 Eq Shares of Rs 10 (aggregating up to Rs 4.49 Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 24 Per Equity Share
Market Lot	6000 Shares
Min Order Quantity	6000 Shares
Listing At	BSE SME

Smiloshine IPO Tentative Date / Timetable

Bid/Offer Opens On	Aug 30, 2019
Bid/Offer Closes On	Sep 4, 2019
Finalisation of Basis of Allotment	Sep 9, 2019
Initiation of Refunds	Sep 11, 2019
Credit of Shares to Demat Acct:	Sep 12, 2019
IPO Shares Listing Date:	Sep 13, 2019

Smiloshine IPO Promoter Holding

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

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

› Draft Prospectus
› Red Herring Prospectus

Smiloshine IPO Rating

120

4.6

Rating:

Vote Here ...

Smiloshine IPO Listing Date

Listing Date	Friday, September 13, 2019
BSE Script Code	542771
NSE Symbol
Listing In	MT
ISIN	INE08JY01013
Issue Price	Rs 24 Per Equity Share
Face Value	Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume

BSE SME
Rs 24.00
Rs 24.00
Rs 24.00
Rs 25.20
Rs 24.15
216,000

Smiloshine IPO Reviews / Ratings

Dilip Davda - Avoid

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 Lead Manager(s)

First Overseas Capital Limited

Lead Manager Reports

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Useful Articles

Smiloshine IPO Review / Comments

10. Master Advice Sep 13, 2019 13:15

Keep it up promotor well done

9. Master Advice Sep 13, 2019 13:14

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 Sep 13, 2019 13:10

Teeth whiteing produt tooth brush many more products in pipe line long term very good share

7. RAJAKUMAR Sep 13, 2019 10:32

3 |

IPO Guru (1100+ Posts, 700+ Likes)

Dear Small
Tooth brush company but upper circuit 25.2

7.1. Small Investor Sep 13, 2019 11:30

IPO Mentor (800+ Posts, 300+ Likes)

Buyer 120000 only maintain issue price today

7.2. Small Investor Sep 13, 2019 11:32

IPO Mentor (800+ Posts, 300+ 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 Sep 13, 2019 01:33

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 Sep 12, 2019 21:54

Listing between 24 to 30 good shares for long term

4. Master Advice Sep 3, 2019 21:26

What is the view above novateor whether to fillup the sme ipo or not

4.1. Small Investor Sep 4, 2019 11:14

IPO Mentor (800+ Posts, 300+ Likes)

Keep Away from this tooth brush company
big avoid this

3. ADITYA DABHI Sep 1, 2019 16:14

Respected Admin Sir, please re-start the general ipo discussion page as earlier was.

3.1. Team Chittorgarh.com Sep 1, 2019 17:23

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

3.2. Athar Sep 2, 2019 23:05

Yes. I am interested in ipo discussion forum

2. Master Advice Sep 2, 2019 18:05

Hello expert

What is ur view on novateor ipo

1. Nair Sep 2, 2019 11:32

Hi Experts,

Views on the subject share is awaited yet.

Regards,

Sunil

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