Initial Public Offering | Upcoming IPO in NSE & BSE Market India | IPO Allotment Status | Geojit
Main Menu
Home > IPO > IPO Synopsis
10 July 2020

IPO Synopsis

Novateor Research Laboratories Ltd
Registered Office: B-1001 10th Floor Block-B,Titanium City Center 100ftRoad , Ahmedabad - 380015 , Gujarat , India.
Phone : 91-79-4039 5888   Fax:
Email :  compliancenovateor&  
Website :
Initial Public Issue of 18,72,000 equity shares of face value of (Rs)10 each ("equity shares") of Novateor Research Laboratories Limited ("the company" or "the issuer") for cash at a price (Rs)24 per equity share (including a share premium of (Rs)14 per equity share) ("issue price") aggregating to (Rs)4.49 Crores ("the issue"), of which 96,000 equity shares of face value of (Rs)10 each for a cash price of (Rs)24 per equity share, aggregating to (Rs)0.23 Crores will be reserved for subscription by market Maker ("market maker reservation portion"). The issue less the market maker reservation portion i.e. Issue of 17,76,000 equity shares of face value of (Rs)10 each at an issue price of (Rs)24 per equity share aggregating to (Rs)4.26 Crores (is hereinafter referred to as the "net issue"). The issue and the net issue will constitute 38.72 %and 36.74 %, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is (Rs)10 each and the issue price of (Rs)24 i.e. 2.4 times of the face value. The Minimum of 6000 equity shares and in multiples of 6000 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
30-Aug-19 04-Sep-19 (Rs)24.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :6000  Further Multiples of :6000

  (Rs Cr) Lead Managers to the Issue
Project Cost 4.49
First Overseas Capital Ltd
Project Financed through Current Offer 4.49  
Post Issue Equity Share Capital 4.83  
Issue Price (Rs)24.00  
Additional Working Capital
Promoted By
Navdeep Subhashbhai Mehta  
Tejal Navdeep Mehta  
Listing At
Registrar to the Issue
KFin Techologies Pvt Ltd 
Toll Free number: 1800-425-5501 / 1800-103-5501