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NOVATEORSME / BSEListed

Novateor Research Laboratories Ltd (Smiloshine IPO)

Novateor Research Laboratories Ltd, incorporated in 2011, focuses on developing innovative personal care products and is best known for its teeth whitening range sold under the brand name SmiloShine. Their product lineup includes Whitening Toothbrushes, Teeth Whitening Charcoal Gel Strips, and Teeth Whitening Strips. The company’s manufacturing facility is located in Sanand Taluka, Ahmedabad District, and operates through a semi-automated process that helps reduce manual labor and material wastage. Currently, Novateor’s products are available in Gujarat and Maharashtra, but they also sell online through platforms like Amazon, Flipkart, and Nykaa. The company plans to expand its reach by partnering with distributors, dentists, and modern retail outlets to enhance its marketing and branding efforts. Novateor offers three variants of teeth whitening strips and aims to expand into healthcare, specialty pharma, and cosmetic products in the future. Their primary customer base includes well-trained dentists who support and recommend their offerings.

₹24 - ₹24Open
Listed Price24.00
Listing Gain+0.00%
TimelineFixed Price IPO
Open30 Aug 2019
Close04 Sep 2019
Allotment10 Sep 2019
Listing13 Sep 2019

Quota Reservation Portions

Market MakerPortion: 96,000 shares
5.13%

Minimum Application Bracket Matrix

Retail1 lots / 6,000 shares
₹1,44,000
HNI2 lots / 12,000 shares
₹2,88,000

About the Company

Novateor Research Laboratories Ltd, incorporated in 2011, focuses on developing innovative personal care products and is best known for its teeth whitening range sold under the brand name SmiloShine. Their product lineup includes Whitening Toothbrushes, Teeth Whitening Charcoal Gel Strips, and Teeth Whitening Strips. The company’s manufacturing facility is located in Sanand Taluka, Ahmedabad District, and operates through a semi-automated process that helps reduce manual labor and material wastage. Currently, Novateor’s products are available in Gujarat and Maharashtra, but they also sell online through platforms like Amazon, Flipkart, and Nykaa. The company plans to expand its reach by partnering with distributors, dentists, and modern retail outlets to enhance its marketing and branding efforts. Novateor offers three variants of teeth whitening strips and aims to expand into healthcare, specialty pharma, and cosmetic products in the future. Their primary customer base includes well-trained dentists who support and recommend their offerings.

Company Promoters

Mr. Navdeep Subhashbhai MehtaMrs. Tejal Navdeep Mehta