Novateor Research Laboratories Ltd IPO

Closed

Subscription Details

  • Open Date 30 Aug
  • Close Date 04 Sep
  • Lot Size 6000
  • IPO Size ₹ 4.49 Cr
  • IPO Price Range ₹ 24
  • Min Investment ₹ 144000

Novateor Research Laboratories Ltd IPO Timeline

Open Date
30 Aug
Close Date
04 Sep
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

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.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Novateor Research Laboratories Ltd IPO

Contact Information

Address

B-1001 10th Floor Block-B,
Titanium City Center 100ftRoad,
Ahmedabad, Gujarat 380015

Novateor Research Laboratories Ltd IPO Lead Manager

First Overseas Capital Ltd
Open Demat Account