
Emerging SME Services · BSE
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.
Price Band
₹24
Issue Size
₹4.49 Cr
Lot Size
6000 shares
GMP
Est. Listing
₹24
at current GMP
Subscribed
—
Open
30 Aug 2019
Close
4 Sep 2019
Allotment
10 Sep 2019
Refund
11 Sep 2019
Demat Credit
12 Sep 2019
Listing
13 Sep 2019
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹24
Band: ₹24
Estimated Listing Price
₹24
Upper price + GMP
Lot Size
6000 shares
Min investment ₹1,44,000
Estimated Profit / Lot
₹0
6000 × ₹0
Grey Market Premium trend
—
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | — | 0.0% | ₹24 |
| 30 Oct 2026 | — | 0.0% | ₹24 |
| 29 Oct 2026 | — | 0.0% | ₹24 |
GMP is unofficial market data. Not a guarantee of listing performance.
Novateor Research Laboratories Ltd (Smiloshine IPO) is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹4.49 Crores. The shares are offered at a price band of ₹24 to ₹24 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 6000 shares (approx. ₹1,44,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2019-09-12, while un-allotted funds or UPI block mandates will be released on 2019-09-11.
The latest grey market premium for Novateor Research Laboratories Ltd (Smiloshine IPO) IPO is ₹0, which indicates an expected listing price of ₹24.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.