About the Company:
Novateor Research Laboratories is into development of novel personal care products that are intended to provide safe, easy and innovative approach to the existing traditional personal care solutions.
Company’s manufacturing facility located at Sanand Taluka, Ahmedabad District is well equipped with the state of the art building structure, machineries and technology.
Company’s products like Teeth Whitening products are sold under brand name ―SmiloShine. Company manufactures three different variants of Teeth Whitening Strips.
Company’s products are first of a kind in India in teeth whitening industry with FDCA approval.
Company intends to expand its business in cosmetics, various health care pharma products and specialty pharma in the near future.
Company sells its branded products via distributors located in Gujarat and a super stockiest located in Mumbai. Beside this, they also market and sell the products through e-commerce platforms- Amazon, Flipkart and Nykaa.com.
Management Team:
- Mr. Navdeep Subhashbhai Mehta (Designation: Managing Director)
- Mrs. Tejal Navdeep Mehta (Designation: Whole Time Director)
Objectives of the Issue:
- Additional Working Capital.
- To meet the expenses of the Issue.
Financials of the Company: (in Lakhs)
| (in Lakhs) | FY 17 | FY 18 | FY 19 |
|---|---|---|---|
| Revenue | 16.18 | 11.33 | 51.41 |
| Net Profit | (-0.30) | 0.09 | 21.85 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 30th August 2019 |
| Issue Closes on:. | 4th September 2019 |
| Issue Price | Rs.24 |
| Face Value | Rs.10 |
| Minimum Lot | 6000 Shares |
| Minimum Investment | Rs.1,44,000 |
| Issue Constitutes | 38.72% |
| Issue Size | Rs.4.49 cr |
| Market Cap | Rs.11.6 cr |
| Listing at | BSE SME |
| Equity Shares Offered (fresh) | 18,72,000 |
| Equity Shares Prior to the Issue | 29,62,170 |
| Equity Shares after the Issue | 48,34,170 |
Important Dates:
| Finalization of Basis of Allotment | on or Before 9th September 2019 |
| Initiation of Refunds | on or Before 11th September 2019 |
| Credit of Equity Shares: | on or Before 12th September 2019 |
| Listing Date: | on or Before 13th September 2019 |
| Check IPO Allotment Status: |
|---|
Karvy Website (Click on the below Link)http://kosmic.karvy.com:81/ipotrack/ |
| Company Contact Info: |
|---|
| Novateor Research Laboratories Ltd B-1001,10th Floor, Block B, Titanium City Center, Nr Sachin Tower, Anandnagar Rd,100 Ft Rd, Satellite, Ahmedabad 380015 Tel No. : +91 79 4039 5888/ 63533 41117 Email Id : compliancenovateor@gmail.com Website : www.novateor.com |
| IPO Registrar Info: |
|---|
| 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 Investor Email: nrll.ipo@karvy.com Website: www.karisma.karvy.com |
| Lead Manager to the Issue: |
|---|
| FIRST OVERSEAS CAPITAL LIMITED 1-2 Bhupen Chambers, Ground Floor, Dalal Street, Mumbai-400 001 Tel. No.: +91 22 40509999 Investor Email: investorcomplaints@focl.in Website: www.focl.in |
