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Novus Loyalty Ltd

IPO Details · GMP · Subscription · Financials
🟢 Open BSE SME SME Closes 20 Mar 2026
Issue Price
₹146
Per Share
GMP
NIL
Grey Market
Est. Listing
₹146
Expected Price
Min. Application
₹292,000
2 lots × 1000 shares
IPO Issue Details
Issue Price / Price Band₹146 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,000 Shares per Lot
Total Issue Size41,20,000 shares (agg. up to ₹60 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital & OFS
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 17 Mar 2026
Subscription CloseFri, 20 Mar 2026
Anchor AllotmentMon, 16 Mar 2026
Basis of AllotmentMon, 23 Mar 2026
Initiation of RefundsTue, 24 Mar 2026
Credit of Shares to DematTue, 24 Mar 2026
Listing DateWed, 25 Mar 2026
UPI Mandate Deadline5:00 PM on 20 Mar 2026 (Day 3)
Application & Investment Details
Retail — Min (2 Lots)₹2,92,000 — 2,000 shares
Retail — Max (13 Lots)₹1,898,000 (13 Lots)
HNI — Min (3 Lots)₹4,38,000 — 3,000 shares
QIB Quota47.09% of Issue
NII / HNI Quota14.20% of Issue
Retail Quota33.13% of Issue
Market Maker Quota5.58% of Issue
EPS (Pre-IPO)₹2.93
EPS (Post-IPO)₹7.47
P/E Ratio (Pre-IPO)49.89x
P/E Ratio (Post-IPO)19.56x
Net Offer to Public38,90,000 shares (agg. up to ₹57 Cr)
Reserved for Market Maker2,30,000 shares (agg. up to ₹3 Cr)
Pre-IPO Promoter Holding1,22,50,200 shares
Post-IPO Promoter Holding1,55,50,200 shares
Fresh Issue Shares30,70,000 shares (agg. up to ₹45 Cr)
Offer for Sale Shares8,20,000 shares of ₹10 (agg. up to ₹12 Cr)
About Novus Loyalty Ltd

Incorporated in 2011, Novus Loyalty is a technology-driven company that provides loyalty and rewards solutions for industries like Fintech, E-commerce, Software, Banking, FMCG, Real Estate, and more. The company offers a modern loyalty platform built with the latest technology.The company provides both customizable and ready-to-use program models, including point-based rewards, event-triggered campaigns, cashback systems, purchase-linked promotions, and digital vouchers. Its platform is flexible, easy to integrate with existing systems, and works across web, mobile apps, and physical stores for a smooth customer experience.It offers both On-premises with infrastructure and SaaS (software as a service) models along with AI powered analytics to its clients.On-Premises: Installed on the client’s servers or private cloud for full data control ideal for large businesses with strict security needs.SaaS (Cloud-based): Subscription model that’s easy to set up and manage perfect for businesses that need a quick and scalable solution.Market presence: The company operates in both Indian and international markets. In the domestic market, it serves customers across the states of Telangana, Haryana, Uttar Pradesh, Maharashtra, Punjab, Tamil Nadu, Rajasthan, Delhi, and Karnataka while it serves customers globally in UAE, USA, Australia, and Puerto Rico.As of January 31, 2026, the company had around 50 personnel.Competitive StrengthsComprehensive Loyalty SolutionsExperienced promoters and management teamQuality assurance and quality certificationClients in international markets

Shareholding & Lock-in
Pre-IPO Promoter Holding 1,22,50,200 shares
Post-IPO Promoter Holding 1,55,50,200 shares
Check Allotment Check Status →
Novus Loyalty Ltd — Live Price OPEN
Issue Price
₹146
Current GMP
NIL
GMP %
0%
Est. Listing
₹146
GMP Trend → Est. ₹146.00
Issue Price ₹146.00
📅 Opens
17 Mar 2026, Tue
📅 Closes
20 Mar 2026, Fri
🎯 Allotment
23 Mar 2026, Mon
🏦 Listing
25 Mar 2026, Wed
IPO is live for subscription. Stock chart activates on listing day — 25 Mar 2026
Quick Facts
GMP Signal ⚪ No GMP
StatusOpen
Issue Price₹146
GMPNIL
Est. Listing₹146
Lot Size1,000 shares
Min Amount₹292,000
Listing Date25 Mar 2026
QIB Shares1,940,000
NII Shares585,000
Retail Shares1,365,000
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹146
Listing Date25 Mar 2026
Listing PriceAvailable on listing day
Listing Gain/LossCalculated on listing day
52-Week HighPost listing
52-Week LowPost listing
GMP Trend — Novus Loyalty Ltd Subscription period
Issue Price ₹146.00
GMP NIL
Est. Listing ₹146.00
Status: Open
🟢 IPO Subscription Live Now
Closes Fri, 20 Mar 2026  ·  Apply via ASBA / UPI
Novus Loyalty Ltd IPO Subscription Status
Total shares offered: 41,20,000 (100.00%). Issue price: ₹146. Subscription data will be updated once the IPO opens for bidding.
IPO Subscription Status Category-wise (as reported by BSE/NSE)
Category Shares Offered* Total Amt* (₹ Cr.)
Anchor
230,000 ₹3.360
QIB (Ex Anchor)
1,940,000 ₹28.320
NII
585,000 ₹8.540
Retail
1,365,000 ₹19.930
Total ** 4,120,000 ₹60.150
*: "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
**: The portion of anchor investors (or market makers) is not included in the total number of shares offered.
Important Dates
Subscription OpensTue, 17 Mar 2026
Subscription ClosesFri, 20 Mar 2026
Anchor AllotmentMon, 16 Mar 2026
Basis of AllotmentMon, 23 Mar 2026
Initiation of RefundTue, 24 Mar 2026
Demat CreditTue, 24 Mar 2026
Listing DateWed, 25 Mar 2026
UPI Mandate Deadline5:00 PM on 20 Mar 2026 (Day 3)
Check AllotmentClick here →
Lot Size & Investment Table
ApplicationLotsSharesAmount
Retail (Min — 2 Lots) 2 2,000 ₹292,000
Retail (Max — 13 Lots) 13 13,000 ₹1,898,000
S-HNI (Min — 14 Lots) 14 14,000 ₹2,044,000
S-HNI (Max — 66 Lots) 66 66,000 ₹9,636,000
B-HNI (Min — 67 Lots) 67 67,000 ₹9,782,000
* Issue Price ₹146 × Lot Size 1,000 shares
Basis of Allotment — Novus Loyalty Ltd IPO
Category QIB NII Retail Total
Ex. Anchor Anchor Investor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (No. of shares) 585,000 1,365,000 1,950,000
Allotment price (Rs.) 146 146 146 146 146 146 146 146
No. of applications
No. of shares applied
Amount collected (Rs.cr.) 28.32 3.36 31.68 8.54 19.93 60.15
No. of times subscribed
No. of shares allotted 585,000 1,365,000 1,950,000
Amount (Rs.cr.) 28.32 3.36 31.68 8.54 19.93 28.47
No. of allottees
* Based on upper price band ₹146
** Anchor investor allotment is excluded from total shares offered to public.
IPO Shares Offered (Issue Structure)
Category Shares Offered Amt (₹ Cr) Size (%)
Anchor / Market Maker 230,000 ₹3.36
5.58%
QIB (Ex Anchor) 1,940,000 ₹28.32
47.09%
NII / HNI 585,000 ₹8.54
14.20%
Retail (RII) 1,365,000 ₹19.93
33.13%
Total 4,120,000 ₹60.15
100.00%
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars 30 Sep 2025 31 Mar 2025 31 Mar 2024
Revenue from Operations 71.43 104.63 73.61
EBITDA 7.79 5.69 4.82
Profit After Tax (PAT) 5.80 3.58 2.96
Net Worth 18.89 13.09 9.50
Total Assets 21.83 14.81 12.36
Reserves & Surplus 6.64 13.08 9.49
Total Borrowings Not Available Not Available 0.82
EBITDA Margin (%) 10.91%
PAT Margin (%) 8.13%
Key Ratios & Valuation
Issue Price₹146
Face Value₹10 Per Share
Price / Book Value (P/BV)9.47
Return on Equity (RoE)36.30%
Return on Capital Employed (RoCE)40.64%
Return on Net Worth (RoNW)30.73%
PAT Margin (%)8.13%
EBITDA Margin (%)10.91%
Debt / Equity RatioNot Available
Issue Structure & Shareholding
Total Shares Offered41,20,000 (100.00%)
Net Offer to Public38,90,000 shares (agg. up to ₹57 Cr)
Reserved for Market Maker2,30,000 shares (agg. up to ₹3 Cr)
Pre-Issue Promoter Holding1,22,50,200 shares
Post-Issue Promoter Holding1,55,50,200 shares
Script CodeNot Available
Objects of the Issue

Novus Loyalty Ltd proposes to utilize the net proceeds raised through this IPO for the following objects as stated in the Draft Red Herring Prospectus (DRHP) filed with SEBI:

1
Object 1
2
Object 2
3
Object 3
Issue Composition & Shareholding
Issue TypeBookbuilding IPO
Sale TypeFresh Capital & OFS
Total Shares Offered41,20,000 (100.00%)
Net Offer to Public38,90,000 shares (agg. up to ₹57 Cr)
Reserved for Market Maker2,30,000 shares (agg. up to ₹3 Cr)
Pre-Issue Promoter Holding1,22,50,200 shares
Post-Issue Promoter Holding1,55,50,200 shares
Company Details
Company Name
Novus Loyalty Ltd
Listing Exchange
BSE SME
IPO Type
allottees IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
Not Available
Registered Address
727, Udyog Vihar Phase V Industrial Complex Dundahera, Gurgaon, Haryana, 122016
IPO Registrar (Share Transfer Agent)
Kfin Technologies Ltd
Official IPO Registrar & Share Transfer Agent
Book Running Lead Managers (BRLM)
Smart Horizon Capital Advisors Pvt.Ltd
Book Running Lead Manager (BRLM)
IPO Allotment
Check Allotment Status Check Now
Quick Actions
Apply Now via ASBA / UPI
UPI mandate deadline: 5:00 PM on closing day
IPO Timeline
IPO Opens
17 Mar 2026, Tue
✓ Done
IPO Closes
20 Mar 2026, Fri
Upcoming
Basis of Allotment
23 Mar 2026, Mon
Upcoming
Initiation of Refunds
24 Mar 2026, Tue
Upcoming
Credit of Shares
24 Mar 2026, Tue
Upcoming
Listing Day
25 Mar 2026, Wed
Upcoming
Quick Summary
Issue Price₹146
Face Value₹10
Lot Size1,000 Shares
Min. Investment₹292,000
Open Date17 Mar 2026
Close Date20 Mar 2026
Allotment23 Mar 2026
Listing Date25 Mar 2026
ExchangeBSE SME
GMPNIL
Est. Listing₹146
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