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.
| Bidding Dates |
|---|
| 30 Aug 2019 - 04 Sep 2019 |
| Subscription |
|---|
| 1.24x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,44,000 | 1 | 1 | 6000 | 1.9 M | ₹24 | 61.28 % | ₹44.9 M | RHP DOC |
Novateor Research IPO SUBSCRIPTION STATUS
04 Sep '19Novateor Research IPO overall subscription rate was 1.24 times the total available shares
Novateor Research IPO retail subscription rate was 0.67 times in the retail segment
Novateor Research IPO non-institutional investor subscription rate was 1.8 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
04 Sep 2019 (Day 4) | 0.67x | 1.8x | - |
30 Aug 2019 (Day 1) | 0.01x | 0.55x | - |
02 Sep 2019 (Day 2) | 0.01x | 0.55x | - |
03 Sep 2019 (Day 3) | 0.11x | 1.01x | - |
Novateor Research FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY19 | 2.2 | 5.1 | -0.7 | -20.3 |
| FY18 | 0.0 | 1.1 | 0.5 | 0.5 |
| FY17 | 0.0 | 1.6 | 0.1 | -0.1 |
Novateor Research IPO SUBSCRIPTION STATUS DETAILS
Novateor Research had 1.9 M shares on offer
Novateor Research IPO offer price was ₹24
Novateor Research IPO minimum Investment was ₹144000
Novateor Research IPO issue size was ₹ 44.9 M
Novateor Research had a minimum lot size of 6000 Shares per application
Novateor Research NUMBER OF SHARES ON OFFER
Novateor Research IPO IMPORTANT DATES
| Issue Open Date | 30 Aug 2019 |
| Issue close Date | 04 Sep 2019 |
| Allotment Date | 09 Sep 2019 |
| Refund Date | 11 Sep 2019 |
| Demat Account Credit Date | 12 Sep 2019 |
| Listing Date | 13 Sep 2019 |
| Listing on Exchange(s) | BSE |
| Novateor Research Allotment Status | Exchange |
Novateor Research IPO subscription opened on 30 Aug 2019, and closed on 04 Sep 2019
IPO allotment for Novateor Research was finalized on Monday, 09 Sep 2019
IPO listing for Novateor Research was on BSE on Friday, 13 Sep 2019
Novateor Research IPO LISTING GAINS
| Issue Price (adjusted) | 24.0 |
| Listing Open Price | 24.0 |
| Listing Close Price | 24.1 |
| Listing Gain% | 0.0% |
| Current Gain% | 36.9% |
Novateor Research INFORMATION ON IPO ISSUE
About Novateor Research
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.
Object of the Issue
- Additional Working Capital; and
- To meet the expenses of the Issue
Novateor Research - PROMOTERS
| Name |
|---|
| Navdeep Subhashbhai Mehta |
| Tejal Navdeep Mehta. |
Novateor Research Lead Manager to the Issue
First Overseas Capital Limited
mala@focl.in
Novateor Research Registrar to the Offer
Karvy Fintech Private Limited
einward.ris@karvy.com
Novateor Research Strengths
Niche Products
The company Manufacture and Sell Niche Products
Experienced Promoters & Management
The company has experienced Promoters & Management
Novateor Research Risks
Company has not registered name and logo
The company has not registered its name and logo with the Trade Marks Registry of Ahmedabad. The company in future may register it depending on future requirements. Any delay in making an application and/or granting registration or in obtaining registration could result in loss of brand equity and the company`s right to use the said brand.
Statutory and regulatory permits, licenses and approvals
Company operates under several statutory and regulatory permits, licenses and approvals. Failure to obtain and/or renew any approvals or licenses in future may have an adverse impact on business operations.
IPO FAQs
The promoters of the company are Navdeep Subhashbhai Mehta and Tejal Navdeep Mehta..
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 24.0 - 24.0.
The IPO application opens on Aug 30, 2019 and closes on Sep 04, 2019.
The minimum lot size for the IPO is 6000. The maximum lot size for the IPO is 6000.
For all category investors, the minimum application amount for this IPO is Rs. 144,000.0, the maximum value for this IPO is Rs 144,000.0.
This IPO will be allotted on Sep 09, 2019.
The refund will be credited to your account on Sep 11, 2019.
The allotted shares will be credited to your demat on Sep 12, 2019.
Novateor Research Laboratories Ltd.’s shares listed on the stock exchanges on Sep 13, 2019.