| Category | Min Lots | Shares | Amount |
|---|---|---|---|
| Retail (sNII) | 1 | 6,000 | ₹1,44,000 |
| HNI / NII | 2 | 12,000 | ₹2,88,000 |
| Category | Sub (×) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII / HNI (Total) | — | 8,88,000 (47.44%) | — | ₹213.12 Cr |
| Retail Investors | — | 8,88,000 (47.44%) | — | ₹213.12 Cr |
| Total ** | — | 18,72,000 (100.00%) | — | ₹4,492.80 Cr |
| Market Maker * | — | 96,000 (5.13%) | — | ₹2.30 Cr |
| Metric | 31-March-19 | 31-March-18 | 31-March-17 |
|---|---|---|---|
| Revenue | 51.41 | 11.33 | 16.18 |
| PAT | 21.85 | 0.09 | 0.30 |
| EBITDA | — | — | — |
| Net Worth | — | — | — |
| Total Assets | 431.61 | 183.77 | 189.81 |
| Reserves | — | — | — |
| Borrowings | — | — | — |
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.
Novateor Research Laboratories Ltd. IPO · Expected 09 Sep 2019
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