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 Date | Aug 30, 2019 - Sep 4, 2019 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 1,872,000 Eq Shares of ₹10 (aggregating up to ₹4.49 Cr) |
| 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 |
| 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 |
| 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% |
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 |
| Listing Date | Friday, September 13, 2019 |
| BSE Script Code | 542771 |
| NSE Symbol | |
| Listing In | MT |
| ISIN | INE08JY01013 |
| IPO Price | ₹24 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
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/
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 is a SME IPO 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.
The Smiloshine IPO opens on Aug 30, 2019 and closes on Sep 4, 2019.
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.
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.
Smiloshine IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.
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