SmiloShine IPO description – Novateor Research Laboratories 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.
The company’s current teeth whitening products are sold under brand name ―SmiloShine. It manufactures three different variants of teeth whitening strips for home based usage with Activated Charcoal and Menthol Flavor. Its products are first of a kind in India in teeth whitening industry with FDCA approval. The company intends to expand its business in cosmetics, various health care pharma products and specialty pharma in the near future.
The company’s manufacturing facility is located at Sanand Taluka, Ahmedabad district and is well equipped with the state of the art building structure, machineries and technology.
Novateor Research Laboratories promoters – Mr Navdeep Subhashbhai Mehta and Mrs Tejal Navdeep Mehta
| SmiloShine – Upcoming IPO details | |
| Subscription Dates | 30 August – 4 September 2019 |
| IPO Price band | INR24 per share |
| Fresh issue | 1,872,000 shares (INR4.49 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,872,000 shares (INR4.49 crore) |
| Minimum bid (lot size) | 6,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
SmiloShine IPO: Use of funds
- Working capital requirements – INR4.24 crore
- Issue expenses – INR0.25 crore
| Novateor Research Laboratories’ financial performance (in INR lakh) | ||||||
| FY2017 | FY2018 | FY2019 | ||||
| Total revenue | 16.2 | 11.3 | 51.4 | |||
| Total expenses | 15.9 | 11.2 | 21.9 | |||
| Profit after tax | -0.3 | 0.1 | 21.9 | |||
Novateor Research Laboratories Contact Details
Novateor Research Laboratories LimitedÂB-1001,10th Floor, Block B, Titanium City Center
Nr Sachin Tower, Anandnagar Rd
100 Ft Rd, Satellite, Ahmedabad 380015 Phone: +91 79 4039 5888
Email: [email protected]
Website:Â www.novateor.com
Novateor Research Laboratories IPO Subscription Details
| Day |
Subscription (no. of times) |
| Day 1 | 0.28 |
| Day 2 | 0.53 |
| Day 3 | 1.17 |
SmiloShine Valuation (as of 31 March 2019)
Earnings Per Share (EPS): INR0.74
Price/Earnings (P/E) ratio: 32.43
Return on Net Worth (RONW): 5.36%
Net Asset Value (NAV): INR13.76 per share
Registrar of SmiloShine IPO
Karvy Computershare Private LimitedKarvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana Phone: +91 40 6716 2222Â
Fax:Â +91 40 2343 1551Â
Email: [email protected]
Website:Â www.karvycomputershare.com
SmiloShine IPO Allotment Status
SmiloShine IPO allotment status is now available on Karvy website. Click on this link to get allotment status.
Listing performance of SmiloShine
IPO Opening Date: 30 August 2019
IPO Closing Date: 4 September 2019
Listing Date: 13 September 2019
Listing Price on BSE SME: INR24 per share (no change from IPO price)
Closing Price on BSE SME: INR24.15 per share (up 0.63% from IPO price)
