Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹24.00 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). The minimum lot size investment for 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 Date | August 30, 2019 to September 4, 2019 |
| Listing Date | September 13, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹24 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,72,000 shares (aggregating up to ₹4.49 Cr) |
| Reserved for Market Maker | 96,000 shares Beeline Broking Ltd. (aggregating up to ₹0.2304 Cr) |
| Net Offered to Public | 17,76,000 shares (aggregating up to ₹4.26 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 29,62,170 shares |
| Share Holding Post Issue | 48,34,170 shares |
Smiloshine IPO offers total 18,72,000 shares. Out of which 8,88,000 (47.44%) allocated to NII, 8,88,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 96,000 (5.13%) |
| NII (HNI) Shares Offered | 8,88,000 (47.44%) |
| Retail Shares Offered | 8,88,000 (47.44%) |
| Total Shares Offered | 18,72,000 (100.00%) |
Novateor Research Laboratories IPO opens on August 30, 2019, and closes on September 4, 2019.
| IPO Open Date | Fri, Aug 30, 2019 |
| IPO Close Date | Wed, Sep 4, 2019 |
| Tentative Allotment | Mon, Sep 9, 2019 |
| Initiation of Refunds | Wed, Sep 11, 2019 |
| Credit of Shares to Demat | Thu, Sep 12, 2019 |
| Tentative Listing Date | Fri, Sep 13, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 4, 2019 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| 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 Company Novateor Research Laboratories IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Additional Working Capital | 4.24 |
| 2 | To meet the expenses of the Issue | 0.25 |
[Dilip Davda] Financial data does not merit the exorbitant asking price. LM has a poor track record. There is no harm in giving this issue a miss. Read detail review...
| Listing Date | September 13, 2019 |
| BSE Script Code | 542771 |
| NSE Symbol | |
| ISIN | INE08JY01013 |
| Final Issue Price | ₹24 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹24.00 |
| Open | ₹24.00 |
| Low | ₹24.00 |
| High | ₹25.20 |
| Last Trade | ₹24.15 |
Novateor Research Laboratories Ltd.
B-1001,10th Floor, Block B, Titanium City Center,
Nr Sachin Tower, Anandnagar Rd,100 Ft Rd,
Satellite,
Ahmedabad, Gujarat, 380015
Phone: +91 79 4039 5888/ 63533 4
Email: compliancenovateor@gmail.com
Website: http://www.novateor.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Novateor Research Laboratories IPO is a SME IPO of 18,72,000 equity shares of the face value of ₹10 aggregating up to ₹4.49 Crores. The issue is priced at ₹24 per share. The minimum order quantity is 6000.
The IPO opens on August 30, 2019, and closes on September 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 August 30, 2019 and closes on September 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 Thursday, September 12, 2019. Check the Novateor Research Laboratories IPO allotment status.
The Novateor Research Laboratories IPO listing date is on Friday, September 13, 2019.
Useful Articles
RHP