Novateor IPO Dates, GMP, Allotment, Bid Details, Subscribe, Price & Size

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 DateNA
Close DateNA
IPO Price BandNA
Face ValueRs. 10
No. of Shares18,72,000
Share PriceRs. 24
Share PremiumRs. 14
IPO SizeRs. 449.28 lakhs

IPO - 100% Allotment


Summary – Novateor Research Laboratories Limited

Novateor Research Laboratories IPOThe 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

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day – 
3rd Day – 
4th Day – 
5th Day – 
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-1931-Mar-1831-Mar-17
Total Assets431.61183.7716.18
Total Revenue51.4111.331,349.02
Total Expense21.8911.1515.87
Profit After Tax21.850.09(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

 


Novateor research laboratories IPO News


 

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