Novateor Research Laboratories Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

30 Aug 2019

Close Date

04 Sep 2019

Allotment

09 Sep 2019

Listing Date

13 Sep 2019

Exchange

BSE SME

Price Band

₹24

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹24

Per share

Face Value

₹10 per share

Lot Size

6,000 Shares

per lot

Issue Size

18,72,000 shares (aggregating up to ₹4.49 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹144,000

1 lot

Pre-IPO Holding

29,62,170 shares

Promoters

Post-IPO Holding

48,34,170 shares

Promoters

UPI Deadline

2019-09-04

Mandate

Anchor AllotmentThu, 29 Aug 2019

Basis of AllotmentMon, 09 Sep 2019

Refund InitiationWed, 11 Sep 2019

Demat CreditThu, 12 Sep 2019

Listing DayFri, 13 Sep 2019

UPI Mandate Deadline2019-09-04

Sale TypeFresh Capital

Net Offer to Public17,76,000 shares (aggregating up to ₹4.26 Cr)

Market Maker Quota96,000 shares (aggregating up to ₹0.2304 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

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Subscription Rate Final

Novateor Research Laboratories Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 04 Sep 2019.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	96,000	—	₹0.23
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,872,000	100%	₹4.49

IPO Shares Offered

Novateor Research Laboratories Ltd. IPO total issue size: ₹4.49 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	96,000	₹0.23	5.13%
Total	1,872,000	₹4.49	100.00%

* Based on upper price band ₹24 per share

Lot Size & Investment

Lot Size

6,000

Shares per Lot

Issue Price

₹24.00

Upper Band

Min Investment

₹144,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	12,000	₹288,000
Retail (Max — 13 Lots)	13	78,000	₹1,872,000
S-HNI (Min — 14 Lots)	14	84,000	₹2,016,000
B-HNI (Min — 68 Lots)	68	408,000	₹9,792,000

* Issue Price ₹24 × Lot Size 6,000 shares

IPO Schedule

Anchor

29 Aug 2019

✓ Done

IPO Open

30 Aug 2019

✓ Done

IPO Close

04 Sep 2019

✓ Done

Allotment

09 Sep 2019

✓ Done

Refunds

11 Sep 2019

✓ Done

Demat Credit

12 Sep 2019

✓ Done

Listing Day

13 Sep 2019

✓ Done

₹24.00

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Issue ₹24.00 Live Price

About Novateor Research Laboratories Ltd.

Incorporated in 2011, Novateor Research Laboratories Ltd is engaged in developing novel personal care products. The company is mainly known by its teeth whitening products which sold in the market under the brand name of SmiloShine. Their product range includes Whitening Toothbrush, Teeth Whitening Charcoal Gel Strips and Teeth Whitening Strips.The manufacturing facility of the company is located at Sanand Taluka, Ahmedabad District. Currently, the company have its presence only in Gujrat and Maharashtra. But they also sell their products online through Amazon, Flipcart and Nykaa.com. The company is also planning to tie-up with multiple distributors, dentists and other modern retail for marketing, selling and branding their products. Their manufacturing facility has a semi-automation process which reduces manual labour and material wastage.Novateor manufactures three different types of teeth whitening strips based on different variants. The company is also planning to extend the business in health care pharma products, speciality pharma and cosmetics in future. Company's customer base consists of well-trained Dentists.

Objects of the Issue

1 Additional Working Capital

2 To meet the expenses of the Issue

Novateor Research Laboratories Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹16.2

31-March-17

₹11.3

31-March-18

₹51.4

31-March-19

Profit After Tax (PAT)

₹0.3

31-March-17

₹0.1

31-March-18

₹21.9

31-March-19

Particulars	31-March-19	31-March-18	31-March-17
Revenue from Operations	51.41	11.33	16.18
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	21.85	0.09	0.30
Net Worth	N/A	N/A	N/A
Total Assets	431.61	183.77	189.81
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered18,72,000 (100.00%)

Net Offer to Public17,76,000 shares (aggregating up to ₹4.26 Cr)

Reserved for Market Maker96,000 shares (aggregating up to ₹0.2304 Cr)

Pre-Issue Promoter Holding29,62,170 shares

Post-Issue Promoter Holding48,34,170 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000

einward.ris@karvy.com

https://ipostatus.kfintech.com/

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Book Running Lead Managers

First Overseas Capital Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Novateor Research Laboratories Ltd. IPO subscribed? ▲

Novateor Research Laboratories Ltd. IPO is subscribed 1.00 times by Sep 04, 2019. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Novateor Research Laboratories Ltd. IPO retail subscription status? ▼

The Novateor Research Laboratories Ltd. IPO retail category is subscribed 1.00 times as of 04 Sep 2019. The retail portion is oversubscribed.

How to subscribe Novateor Research Laboratories Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 30 Aug 2019 and closes 04 Sep 2019. Min investment: ₹144,000 (1 lot = 6,000 shares). UPI mandate: 2019-09-04.

How many times Novateor Research Laboratories Ltd. IPO subscribed? ▼

The Novateor Research Laboratories Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Novateor Research Laboratories Ltd. IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 09 Sep 2019. Refunds: on 11 Sep 2019.

When Novateor Research Laboratories Ltd. IPO will be listed? ▼

The Novateor Research Laboratories Ltd. IPO listing date is 13 Sep 2019, Friday. Listed on: BSE SME. Issue price: ₹24. Estimated listing: ₹24. GMP: NIL.

When Novateor Research Laboratories Ltd. IPO close? ▼

The Novateor Research Laboratories Ltd. IPO closes on 04 Sep 2019, Wednesday. UPI mandate: 2019-09-04. Allotment: 09 Sep 2019. Listing: 13 Sep 2019.

Quick Actions

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Live Price LIVE

Last Price₹24.00

Change—

Issue Price₹24.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹24

Face Value₹10

Lot Size6,000 Sh

Min. Amount₹144,000

GMPNIL

Est. Listing₹24

Subscribed1.00x

Open Date30 Aug 2019

Close Date04 Sep 2019

Allotment09 Sep 2019

Listing Date13 Sep 2019

ExchangeBSE SME

UPI Deadline2019-09-04