Novateor Research Laboratories IPO (SmiloShine IPO)

SmileoShine IPOSmiloShine IPO description - Novateor Research Laboratories is leading the development of novel personal care products that are intended to provide safe, easy and innovative approach to the existing traditional personal care solutions.

The company’s current teeth whitening products are sold under brand name ―SmiloShine. It manufactures three different variants of teeth whitening strips for home based usage with Activated Charcoal and Menthol Flavor. Its products are first of a kind in India in teeth whitening industry with FDCA approval. The company intends to expand its business in cosmetics, various health care pharma products and specialty pharma in the near future.

The company’s manufacturing facility is located at Sanand Taluka, Ahmedabad district and is well equipped with the state of the art building structure, machineries and technology.

Novateor Research Laboratories promoters – Mr Navdeep Subhashbhai Mehta and Mrs Tejal Navdeep Mehta
SmiloShine - Upcoming IPO details
Subscription Dates30 August - 4 September 2019
IPO Price bandINR24 per share
Fresh issue 1,872,000 shares (INR4.49 crore)
Offer for sale Nil
Total IPO size1,872,000 shares (INR4.49 crore)
Minimum bid (lot size)6,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnBSE SME platform
SmiloShine IPO: Use of funds
  • Working capital requirements - INR4.24 crore
  • Issue expenses - INR0.25 crore
Novateor Research Laboratories' financial performance (in INR lakh)
FY2017FY2018FY2019
Total revenue16.211.351.4
Total expenses15.911.221.9
Profit after tax-0.30.121.9
Novateor Research Laboratories Contact Details

Novateor Research Laboratories Limited 
B-1001,10th Floor, Block B, Titanium City Center
Nr Sachin Tower, Anandnagar Rd
100 Ft Rd, Satellite, Ahmedabad 380015

Phone: +91 79 4039 5888
Email: [email protected]
Website: www.novateor.com

Novateor Research Laboratories IPO Subscription Details
Day

Subscription (no. of times)

Day 10.28
Day 20.53
Day 31.17
SmiloShine Valuation (as of 31 March 2019)

Earnings Per Share (EPS): INR0.74

Price/Earnings (P/E) ratio: 32.43

Return on Net Worth (RONW): 5.36%

Net Asset Value (NAV): INR13.76 per share

Registrar of SmiloShine IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
[email protected]
Website: www.karvycomputershare.com

SmiloShine IPO Allotment Status

SmiloShine IPO allotment status is now available on Karvy website. Click on this link to get allotment status.

Listing performance of SmiloShine

IPO Opening Date: 30 August 2019

IPO Closing Date: 4 September 2019

Listing Date: 13 September 2019

Listing Price on BSE SME: INR24 per share (no change from IPO price)

Closing Price on BSE SME: INR24.15 per share (up 0.63% from IPO price)

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