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Open
30 Aug to 4 Sep, 2019
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Close
30 Aug to 4 Sep, 2019
3
Allotment
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Listing
Fri, Sep 13, 2019
Price Band
₹24 per share
Issue Size
18,72,000 shares (agg. up to ₹4 Cr)
Lot Size
6,000 Shares
Listing Date
Fri, Sep 13, 2019
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.17x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2019 | 31 Mar 2018 | 31 Mar 2017 |
|---|---|---|---|
| Assets | 4.32 | 1.84 | 1.90 |
| Total Income | 0.51 | 0.11 | 0.16 |
| Profit After Tax | 0.22 | 0.00 | -0.00 |
| NET Worth | 4.08 | 0.93 | 0.93 |
| Reserves and Surplus | 1.11 | 0.88 | 0.88 |
| Total Borrowing | 0.01 | 0.01 | 0.04 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Additional Working Capital | 4.24 |
| 2 | To meet the expenses of the Issue | 0.25 |
About Novateor Research Laboratories IPO
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.+ Read More
Contact Details
Novateor Research Laboratories Ltd. AddressB-1001, 10th Floor, Block B, Titanium City CenterNr Sachin Tower, Anandnagar Rd, 100 Ft RdSatelliteAhmedabad, Gujarat, 380015+91 79 4039 5888/ 63533 4compliancenovateor@gmail.comVisit Website