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
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
Objects of the Issue
Novus Loyalty Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding of expenditure towards Investment in upgrading enhancement of and development of new products
13.00
2
Business Development and Marketing Activities including manpower hiring
9.62
3
General corporate purposes and unidentified inorganic acquisition
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,22,50,200 shares
Post-IPO Promoter Holding
1,55,50,200 shares