Novateor Research Laboratories Ltd.
 
B-1001, 10th Floor, Block B, Titanium City Center, Nr Sachin Tow Ahmedabad, Gujarat - 380015
Phone: 40395888

Public Issue of 1872000 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 14.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
30/08/201904/09/201924.00 -
Lead Managers Registrar Listed at
FIRST OVERSEAS CAPITAL LIMITED
Karvy Fintech Pvt. Ltd.
Karvy Selenium, Tower B,
Plot No. 31 & 31, Gachibowli,, Financial District, Nanakramguda,
Ranga Reddy District, Telangana - 500032
Phone: 67162222 Fax: 23431551
BSE
Object of the issue

This Issue is being undertaken to meet the objects, as set forth herein, and to realize the benefits of listing of the Equity Shares on Stock Exchanges, which in the opinion would enhance the Company's visibility, brand name and enable us to avail of future growth opportunities. The other Objects of the Issue also include creating a public trading market for the Equity Shares of the Company by listing them on BSE SME Platform.

The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:

1) Additional Working Capital,
2) To meet the expenses of the Issue.

Project Cost
(Rs. in Crs.)
ISSUE EXPENSES0.25
WORKING CAPITAL REQUIREMENTS4.24
TOTAL COST4.49
Means of Finance
(Rs. in Crs.)
PUBLIC ISSUES4.49
TOTAL COST4.49
Promoted by

The Promoters of the Company are :

1. Mr. Navdeep Subhashbhai Mehta
2. Mrs. Tejal Navdeep Mehta

1. Mr. Navdeep Subhashbhai Mehta : Mr. Navdeep Subhashbhai Mehta, aged 41 years, is a Bachelor in Engineering in Chemical Branch from Gujarat University and has done Master in Chemical Engineering from Illinois Institute of Technoloy, Chicago. He has 12 years of experience in process development and manufacturing, including 8 years of experience in cosmetics and pharmaceutical R&D and GMP Validation Documentation. Additional 5 years of experience in Marketing of innovative FMCG product in Indian market. Due to his vast experience in the R & D, he decided to start his own business under the name of =Novateor Research Laboratories Pvt. Ltd.‘ in 2011 in oral care & health sector. Currently in NRLL, he one of the Promoters and is a Managing Director and looks after overall functioning of the company.

Pan : ABIPM7813L
Aadhaar Card No. : 2005 5200 9571
E C Voter Id No. : ZHB2322402
Driving License No. : GJ01 19960017282


2. Mrs. Tejal Navdeep Mehta : Mrs. Tejal Navdeep Mehta, aged 37 years, is a Bachelors and Masters in Computer Application from Saurashtra University.She has 5 years of experience in Computer Science in USA and wide variety of skills in business strategic planning and marketing. She also has 5+ years of experience in FMCG sector in Indian market. Currently in NRLL, she is one of the Promoters and is a Whole-Time Director and looks after Administration and HR division the Company.

Pan : ALNPM8382R
Aadhaar Card No. : 6799 9825 8233
E C Voter Id No. : CLJ7045669
Driving License No. : GJ0319980055078