In this article, we will discuss in details about the Novateor Research Laboratories IPO dates, size, its allotment status, Novateor IPO subscription, grey market premium and its company’s financial status that will help you to conclude whether you should invest or subscribe for this IPO or not.
| Open Date | NA |
| Close Date | NA |
| IPO Price Band | NA |
| Face Value | Rs. 10 |
| No. of Shares | 18,72,000 |
| Share Price | Rs. 24 |
| Share Premium | Rs. 14 |
| IPO Size | Rs. 449.28 lakhs |
Summary – Novateor Research Laboratories Limited
The company 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.
At Novateor Research Facility, we develop products that could provide significant clinical as well as commercial advantage. The Promoters of this company are Mr. Navdeep Subhashbhai Mehta and Mrs. Tejal Navdeep Mehta.
The lead manager to the issue is FIRST OVERSEAS CAPITAL LIMITED and the Registrar to this issue is Karvy Fintech Private Limited.
Novateor Research Laboratories IPO Review
The Company intends to expand its business in cosmetics, various health care pharma products and specialty pharma in the near future. Their Customer base consists of they will trained, highly skilled and experienced Dentists. Dentists and other end users have found their products to be innovative, user friendly, safe, pocket friendly and very effective results vis-à-vis traditional teeth whitening products.
Novateor Research Laboratories IPO Date
The opening and the closing date of Novateor Research Laboratories IPO is not known yet.
Novateor Research Laboratories IPO Subscription
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| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Novateor Research IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Novateor IPO Grey Market Premium
The Novateor Research Laboratories IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Novateor Research Laboratories IPO Price
The face value of each share is Rs 10, but the cash price of the IPO is Rs. 24.
Novateor Research Laboratories IPO Issue Size
Issue of 18,72,000 Equity Shares of face value of Rs.10/- each for cash at a price of Rs. 24/- per Equity Share (including a share premium of Rs.14/- per Equity share) aggregating Rs. 449.28 lakhs.
Novateor Research Laboratories – Company Overview
At Novateor Research Facility, they develop products that could provide significant clinical as well as commercial advantage. Their manufacturing facility located at Sanand Taluka, Ahmedabad District is well equipped with the state of the art building structure, machineries and technology.
Through the semi-Automation of their manufacturing processes, they are able to reduce reliance on manual labors and raw materials wastage. Their current Teeth Whitening products are sold under brand name ―SmiloShine‖. They manufacture three different variants of Teeth Whitening Strips. Their products are first of a kind in India in teeth whitening industry with FDCA approval.
Novateor Research Laboratories – Company Financials
On the basis of Standalone statement:-
| Amount (in INR & lakhs) | |||
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 431.61 | 183.77 | 16.18 |
| Total Revenue | 51.41 | 11.33 | 1,349.02 |
| Total Expense | 21.89 | 11.15 | 15.87 |
| Profit After Tax | 21.85 | 0.09 | (0.30) |
Novateor Research Laboratories IPO Lead Managers
| Lead Managers |
| FIRST OVERSEAS CAPITAL LIMITED 1-2 Bhupen Chambers, Ground Floor, Dalal Street, Mumbai-400 001 Tel. No.: +91 22 40509999 Email: rushabh@focl.in/ satish@focl.in/ mala@focl.in Investor Grievance Email: investorcomplaints@focl.in Website: www.focl.in Contact Person: Mr. Rushabh Shroff/ Mr. Satish Sheth/ Ms. Mala Soneji SEBI Registration No.: INM000003671 |
Novateor Research Laboratories IPO Registrar to Offer
| Registrar to the Offer |
| Karvy Fintech Private Limited Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad 500 032 Tel. No.: 1-800-3454001/ +91 40 6716 2222 Fax No.: +91 40 2343 1551 E-mail: einward.ris@karvy.com Investor Grievance Email: nrll.ipo@karvy.com Website: www.karisma.karvy.com Contact Person: Mr. M Murali Krishna SEBI Registration No.: INR000000221 |
Novateor Research Laboratories IPO Conclusion
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