In this article, we will discuss in detail the Novateor Research Laboratories IPO dates, size, 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 a 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 advantages. The Promoters of this company are Mr. Navdeep Subhashbhai Mehta and Mrs. Tejal Navdeep Mehta.
The lead manager of the issue is FIRST OVERSEAS CAPITAL LIMITED and the Registrar of this issue is Karvy Fintech Private Limited.
Novateor Research Laboratories IPO Review
The Company intends to expand its business in cosmetics, various healthcare pharma products, and specialty pharma in the near future. Their Customer base consists of will train, highly skilled, and experienced Dentists. Dentists and other end users have found their products to be innovative, user-friendly, safe, pocket-friendly, and have very effective results vis-à-vis traditional teeth whitening products.
Novateor Research Laboratories IPO Date
The opening and 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 the 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 advantages. Their manufacturing facility located at Sanand Taluka, Ahmedabad District is well equipped with state-of-the-art building structure, machinery, and technology.
Through the semi-Automation of their manufacturing processes, they can reduce reliance on manual labor and raw materials wastage. Their current Teeth Whitening products are sold under the brand name ―SmiloShine‖. They manufacture three different variants of Teeth Whitening Strips. Their products are the first of a kind in India in the teeth whitening industry with FDCA approval.
Novateor Research Laboratories – Company Financials
Based on 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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