Novateor Research Laboratories Ltd (Smiloshine IPO)

Offer PeriodAug 30, 2019 – Sep 04, 2019

Aug 30, 2019 – Sep 04, 2019

BSE - SMEListed

Listed Price:

₹24.00

(+0.00%)

Price Band₹24 - ₹24

Lot Size6,000 Shares

Allotment DateSep 10, 2019

Listing DateSep 13, 2019

Subscription-

Issue Size₹4.49 Cr

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IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹0
(0.00%)

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The Initial Public Offering of Novateor Research Laboratories Ltd (Smiloshine IPO)'s culminated in its successful listing on Sep 13, 2019 at the BSE trading platform. The company secured 18,72,000 Shares through this capital market exercise, withTBD allocated to new capital formation.

Investors participated within the price parameters of ₹24 to ₹24, with minimum investment requirements of 6000 shares. The subscription period from Aug 30, 2019 to Sep 04, 2019 witnessed active investor engagement across categories.

Following the subscription closure, share allotment was processed on Sep 10, 2019. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.

Novateor Research IPO Details

IPO Date

Aug 30, 2019 to Sep 04, 2019

Allotment Date

Sep 10, 2019

List Date

Sep 13, 2019

Lot Size

6,000 share

Issue Price

₹24 - ₹24

Issue Size

18,72,000 (aggregating up to 4.49 Cr)

Fresh Issue

Offer For Sale

Listing At

BSE

Share Holding Pre-Issue

29,62,170

Share Holding Post-Issue

48,34,170

Market Marker Portion

96,000

First time applying for an IPO? Read our guide on How to Apply for an IPO & Bidding Timings.

Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

Category	Lot(s)	Qty	Amount

Category	Lot(s)	Qty	Amount
Retail (Min)	1	6000	1,44,000
HNI	2	12000	2,88,000

IPO Reservation

Shares96,000

Market Maker

100.00%(96,000)

Total

100.00%(96,000)

Novateor Research IPO Key Performance Indicators

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KPI

KPI
No data

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Company Financials (in Lakhs)

Period Ended	31-March-19	31-March-18	31-March-17

Period Ended	31-March-19	31-March-18	31-March-17
Assets	431.61	183.77	189.81
Revenue	51.41	11.33	16.18
Net Worth	0	0	0
profit After Tax	21.85	0.09	0.30
Reserves And Surpluse	0	0	0
Total Borrowing	0	0	0

Novateor Research IPO About Company

Novateor Research Laboratories Ltd, incorporated in 2011, focuses on developing innovative personal care products and is best known for its teeth whitening range sold under the brand name SmiloShine. Their product lineup includes Whitening Toothbrushes, Teeth Whitening Charcoal Gel Strips, and Teeth Whitening Strips. The company’s manufacturing facility is located in Sanand Taluka, Ahmedabad District, and operates through a semi-automated process that helps reduce manual labor and material wastage. Currently, Novateor’s products are available in Gujarat and Maharashtra, but they also sell online through platforms like Amazon, Flipkart, and Nykaa. The company plans to expand its reach by partnering with distributors, dentists, and modern retail outlets to enhance its marketing and branding efforts. Novateor offers three variants of teeth whitening strips and aims to expand into healthcare, specialty pharma, and cosmetic products in the future. Their primary customer base includes well-trained dentists who support and recommend their offerings.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

✅Novateor Research IPO Strength Factors

⚠️Novateor Research IPO Risk Factors

🏦Novateor Research IPO Lead Manager(s)

First Overseas Capital Limited

👤Novateor Research IPO Promoter(s)

Mr. Navdeep Subhashbhai Mehta
Mrs. Tejal Navdeep Mehta

🏢Novateor Research IPO Company Details

Novateor Research Laboratories Ltd (Smiloshine IPO)

Email:compliancenovateor@gmail.com

Phone:+91 79 4039 5888

Website:http://www.novateor.com/

address:B-1001,10th Floor, Block B, Titanium City Center, Nr Sachin Tower, Anandnagar Rd,100 Ft Rd, Satellite, Ahmedabad 380015, Gujarat, India

📋Novateor Research IPO Registrar

Kfin Technologies Limited

Name:Kfin Technologies Limited

Phone:04067162222

Email:einward.ris@karvy.com

Website:https://kosmic.kfintech.com/ipostatus/

❓Novateor Research IPO FAQs

Novateor Research IPO is a main-board IPO of 0 equity shares of the face value of ₹10 per share aggregating up to ₹0.00 crore shares. The issue is priced at ₹24 - ₹24 per share. The minimum order quantity is .The IPO opens on Aug 30, 2019, and closes on Sep 04, 2019. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.

Zerodha customers can apply online in Novateor Research IPO using UPI as a payment gateway. Zerodha customers can apply in Novateor Research IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Novateor Research IPO through Zerodha (1) Visit the Zerodha website and login to Console. (2) Go to Portfolio and click the IPOs link. (3) Go to the 'Novateor Research IPO' row and click the 'Bid' button. (4) Enter your UPI ID, Quantity, and Price. (5) Submit IPO application form. (6) Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.

The Novateor Research IPO opens on Aug 30, 2019 and closes on Sep 04, 2019.

You can apply in Novateor Research IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Novateor Research IPO will be done on Sep 10, 2019, and the allotted shares will be credited to your demat account by Sep 10, 2019

Novateor Research IPO's listing date is Sep 13, 2019.

Novateor Research Laboratories Ltd (Smiloshine IPO)

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹0(0.00%)

Premium (ELP)

₹0
(0.00%)