Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Fri, Aug 30, 2019 - Wed, Sep 4, 2019
Novateor Research Laboratories IPO is a fixed price issue of ₹4.49 crores. The issue is entirely a fresh issue of 0.19 crore shares of ₹4.49 crore.
Novateor Research Laboratories IPO bidding started from Aug 30, 2019 and ended on Sep 4, 2019. The allotment for Novateor Research Laboratories IPO was finalized on Sep 9, 2019. The shares got listed on BSE SME on Sep 13, 2019.
Novateor Research Laboratories IPO price is ₹24 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹2,88,000.
First Overseas Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Beeline Broking Ltd..
Refer to Novateor Research Laboratories IPO RHP for detailed Information.
IPO Open
Fri, Aug 30, 2019
IPO Close
Wed, Sep 4, 2019
Issue Price
₹24 per share
Market Cap (Pre-IPO)
₹11.60 Cr
| IPO Date | 30 Aug to 4 Sep, 2019 |
| Listed on | Fri, Sep 13, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹24 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,72,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 96,000 shares Beeline Broking Ltd. (agg. up to ₹0.2304 Cr) |
| Fresh Issue (Ex Market Maker) | 17,76,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 17,76,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 29,62,170 shares |
| Share Holding Post Issue | 48,34,170 shares |
| BSE Script Code | 542771 |
| ISIN | INE08JY01013 |
Novateor Research Laboratories IPO comprises a total issue size of 18,72,000 shares. The net offer to the public is 17,76,000 shares, after excluding 96,000 shares allotted on a firm basis. Of the Net offer 8,88,000 (50.00%) allocated to NII 8,88,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,88,000 | 50.00% | 47.44% |
| Retail Shares Offered | 8,88,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 96,000 | 5.13% | |
| Total Shares Offered | 18,72,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,44,000 |
| Retail (Max) | 1 | 6,000 | ₹1,44,000 |
| HNI (Min) | 2 | 12,000 | ₹2,88,000 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Additional Working Capital | 4.24 |
| 2 | To meet the expenses of the Issue | 0.25 |
The Smiloshine IPO is subscribed 1.24 times on September 4, 2019 6:49:04 PM (Day 4). The public issue subscribed 0.67 times in the retail category, [.] times in the QIB category, and 1.8 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.8 | 8,88,000 | 16,02,000 |
| Retail | 0.67 | 8,88,000 | 5,94,000 |
| Total | 1.24 | 17,76,000 | 21,96,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other intermediaries such as Legal Advisorsto the IPO, Registrars and other out of pocket expenses. | 0.20 |
| 2 | Printing & Stationery, Advertisement, Distribution, Postage, etc | 0.03 |
| 3 | Listing Fees, Market Regulatory & other expenses | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹24.00 |
| Open | ₹24.00 |
| Low | ₹24.00 |
| High | ₹25.20 |
| Last Trade | ₹24.15 |
Lead Manager Reports
Novateor Research Laboratories IPO is a SME IPO of 18,72,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹24 per share. The minimum order quantity is 6000.
The IPO opens on Fri, Aug 30, 2019, and closes on Wed, Sep 4, 2019.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Novateor Research Laboratories IPO using UPI as a payment gateway. Zerodha customers can apply in Novateor Research Laboratories IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Novateor Research Laboratories IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Novateor Research Laboratories IPO opens on Fri, Aug 30, 2019 and closes on Wed, Sep 4, 2019.
Novateor Research Laboratories IPO lot size is 6000, and the minimum amount required for application is ₹1,44,000.
You can apply in Novateor Research Laboratories 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 Laboratories IPO will be done on Monday, September 9, 2019, and the allotted shares will be credited to your demat account by Thu, Sep 12, 2019. Check the Novateor Research Laboratories IPO allotment status.
The Novateor Research Laboratories IPO listing date is on Fri, Sep 13, 2019.
