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Novateor Research Laboratories (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 Price₹24.00
Listing Gain+0.00%

IPO Schedule & Timeline

Fixed Price IPO
Open30 Aug 2019
Close04 Sep 2019
Allotment10 Sep 2019
Listing13 Sep 2019

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Market Maker96,000 shares
5.13%

Minimum Application Lots

Retail1 Lot (6,000 shares)
₹1,44,000
HNI2 Lots (12,000 shares)
₹2,88,000

Company Promoters

Mr. Navdeep Subhashbhai MehtaMrs. Tejal Navdeep Mehta

Company Background

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 l...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (31-March-19)₹51.41 Cr
Growth+217.7%
Revenue Trend (₹ in Crores)
0.019.739.459.131-March-1731-March-1831-March-19
PeriodRev (Cr)PAT (Cr)AssetsDebt
31-March-1951.4121.85431.610
31-March-1811.330.09183.770
31-March-1716.180.30189.810

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
10 Sep 2019
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
13 Sep 2019

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

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Allotment Schedule & Milestones

IST
1. Allotment Finalization10 Sep 2019Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date13 Sep 2019Trading commences on exchange

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About Novateor Research Laboratories (Smiloshine IPO) IPO

Complete issue overview for Novateor Research Laboratories (Smiloshine IPO) (NOVATEOR) IPO. The issue features an equity share price band of ₹24 per share with a minimum retail lot size of 6000 Shares (minimum application amount of ₹1,44,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

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