Novateor Research Laboratories Ltd ( Smiloshine Details)

Novateor Research Laboratories Ltd ( Smiloshine Details)

Novateor Research Laboratories Ltd ( Smiloshine IPO Details)

Novateor Research Laboratories Ltd is busy in developing novel personal care products. Especially this company created a brand by its teeth whitening product which meets the market under the brand name of smile shine. Their product range contains Teeth Whitening Charcoal Get Strips, Whitening Toothbrush, and Teeth Whitening Strips. This company established and manufacturing at Sanand Taluka, Ahmedabad District. These products available in the market, online as well. 

The Company Promoters: 

The Promoter of the company is Mr. Navdeep Subhashbai Mehta and Mrs. Tejal Nadeep Metha.

Company Financials:

Summary of Financial Information(Restated)

Particulars For the year/period ended (in Rs. Lakhs)
31-March-19 31-March-18 31-March-17
Total Assets 431.61 183.77 189.81
Total Revenue 51.41 11.33 16.18
Profit After Tax 21.85 0.09 (0.30)

Objects Of The Issue: 

The net proceeds from the issue are proposed to be utilized by the company for the following objects:

1 Additional Working Capital; and

2. To meet the expenses of the issue 

Smiloshine IPO Promoter Holding:

Pre Issue Share Holding 99.35%
Post Issue Share Holding 60.87%

Smiloshine IPO Offer Size:

Qualified Institutional Buyers (QIB) 0 Shares
Non-Institutional Investors (NII) 888,000 Shares
Retail Individual Investor (RII) 888,000 Shares
Employee Reservations 0 Shares 
Other Reservations 0 Shares 
Total Issue Size 1,776,000 Shares 

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