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

IPO Opening DateAug 30, 2019
IPO Closing DateSep 4, 2019
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹24 per equity share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Listing AtBSE SME
Issue Size1,872,000 Eq Shares of ₹10
(aggregating up to ₹4.49 Cr)

Smiloshine IPO Tentative Timetable

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 DateAug 30, 2019
IPO Close DateSep 4, 2019
Basis of Allotment DateSep 9, 2019
Initiation of RefundsSep 11, 2019
Credit of Shares to Demat AccountSep 12, 2019
IPO Listing DateSep 13, 2019

Smiloshine IPO Lot Size

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).

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)

The Smiloshine IPO is subscribed 1.24x times on Sep 4, 2019 18:49. The public issue subscribed 0.67x in the retail category, in the QIB category, and 1.80x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
NII

1.80x

RII

0.67x

Total

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 Group of Securities
ISININE08JY01013
IPO Price₹24 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO 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

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

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

Smiloshine IPO FAQs

  1. What is Smiloshine IPO?

    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.

  2. When Smiloshine IPO will open?

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

  3. What is the lot size of Smiloshine IPO?

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

  4. How to apply for Smiloshine IPO?

    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.

  5. 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.

  6. When is Smiloshine IPO listing date?

    The Smiloshine IPO listing date is on Friday, September 13, 2019.

Smiloshine IPO Message Board

Ranked Members  Ranked Members

Loading...
11. Rajkot Broker Association Arjun |Nov 22, 2019 19:00
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 |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
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
Dear Small
Tooth brush company but upper circuit 25.2
7.1. Small Investor |Sep 13, 2019 11:30
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
Buyer 120000 only maintain issue price today
7.2. Small Investor |Sep 13, 2019 11:32
IPO Guru IPO Guru (1400+ Posts, 700+ 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 Guru IPO Guru (1400+ Posts, 700+ 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
Top Contributor Top Contributor (300+ Posts, 500+ 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,

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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