NOVUS
Novus Loyalty IPO, a SME IPO was listed on the exchange on March 25, 2026. The price band is set between ₹136 –146 , with a face value of ₹10 . Retail investors can apply with a minimum of 2 lots, each comprising 1,000 shares — amounting to ₹292,000 at the upper price.
Novus Loyalty IPO has been successfully listed on the exchange. Track the listing performance, current stock price, and post-listing trends. This information is for education only—not investment advice.
Novus Loyalty IPO SME Important Dates
Get important updates regarding Novus Loyalty IPO SME tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates. Dates are updated as soon as they are announced.
Listing day gain
+0%
Listed at ₹146 (issue ₹146)
Issue
₹146
Listing
₹146
Current
₹146.65
+0.45% vs issue
Day range
₹138.7 – ₹149.95
Open Date
Mar 17
Close Date
Mar 20
Allotment
Mar 23
Listing
Mar 25
Issue Size
4,120,000 shares
(aggregating up to ₹60.00 Cr)
Issue Price
₹136 – ₹146
Face Value
₹10/share
Market Lot
1,000 shares
Retail Min Investment
₹292,000
Listing At
BSE
Sale Type
both
Fresh Issue
3,300,000 shares
(aggregating up to ₹48 Cr)
Offer for Sale
820,000 shares
(aggregating up to ₹12 Cr)
Reserved for Market Maker
230,000 shares
(aggregating up to ₹3.00 Cr)
Issue Type
book building
Last updated: 6 days ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 25 Mar 2026 Latest | ₹146 | ₹0 | ₹146 | ₹0 |
0%
|
2:27 PM |
| 24 Mar 2026 | ₹146 | ₹0 | ₹146 | ₹0 |
0%
|
1:05 PM |
| 23 Mar 2026 | ₹146 | ₹0 | ₹146 | ₹0 |
0%
|
1:36 PM |
| 22 Mar 2026 | ₹146 | ₹0 | ₹146 | ₹0 |
0%
|
2:44 PM |
| 21 Mar 2026 | ₹146 | ₹0 | ₹146 | ₹0 |
0%
|
3:52 PM |
| 20 Mar 2026 | ₹146 | ₹0 | ₹146 | ₹0 |
0%
|
1:58 PM |
| 19 Mar 2026 | ₹146 | ₹0 | ₹146 | ₹0 |
0%
|
2:34 PM |
| 18 Mar 2026 | ₹146 | ₹0 | ₹146 | ₹0 |
0%
|
3:42 PM |
| 17 Mar 2026 | ₹146 | ₹0 | ₹146 | ₹0 |
0%
|
2:47 PM |
| 16 Mar 2026 | ₹146 | ₹0 | ₹146 | ₹0 |
0%
|
11:26 AM |
| 15 Mar 2026 | ₹146 | ₹0 | ₹146 | ₹0 |
0%
|
4:10 PM |
| 14 Mar 2026 | ₹146 | ₹0 | ₹146 | ₹0 |
0%
|
4:26 PM |
| 13 Mar 2026 | ₹146 | ₹0 | ₹146 | ₹0 |
0%
|
4:34 PM |
| 12 Mar 2026 | ₹146 | ₹0 | ₹146 | ₹0 |
0%
|
12:27 PM |
| 11 Mar 2026 | ₹146 | ₹0 | ₹146 | ₹0 |
0%
|
2:57 PM |
| 10 Mar 2026 | ₹146 | ₹0 | ₹146 | ₹0 |
0%
|
1:34 PM |
Latest snapshot: Mar 20, 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 1.38x | — |
| NII | 1.17x | — |
| bNII (bids above ₹10L) | 2.63x | — |
| sNII (bids below ₹10L) | 0.44x | — |
| Retail Investors | 1.82x | — |
| Total | 1.55x | — |
Deepak Tomar and Sweta Singh are the company promoters.
IPO investment limits, also referred to as application limits or bidding limits, define the minimum and maximum number of shares, lots, and investment amount that investors can apply for in an IPO based on their category (Retail, HNI, or Institutional). These limits are calculated as per SEBI guidelines and help ensure fair distribution of shares. Retail investors typically have lower minimum and maximum limits compared to High Net Worth Individuals (HNI) and Non-Institutional Investors (NII). Understanding IPO application limits is essential for investors to determine how much they can invest, calculate the number of lots they can apply for, and plan their investment strategy accordingly. The investment limits table shows the lot size, number of shares, and total amount in rupees for each investor category.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹292,000 |
| Retail (Max) | 1 | 1,000 | ₹146,000 |
| S-HNI (Min) | 3 | 3,000 | ₹438,000 |
| S-HNI (Max) | 6 | 6,000 | ₹876,000 |
| B-HNI (Min) | 7 | 7,000 | ₹1,022,000 |
The IPO reservation structure, also known as share allocation breakdown, details how the total issue size is distributed among different investor categories as mandated by SEBI (Securities and Exchange Board of India) regulations. This reservation table shows the exact percentage and number of shares allocated to Qualified Institutional Buyers (QIB), Retail Individual Investors (RII), High Net Worth Individuals (HNI), Non-Institutional Investors (NII), and other reserved categories like employees and shareholders. Understanding IPO reservation percentages is crucial for investors to evaluate their probability of share allotment, as each category has different subscription levels and competition. The maximum allottees column indicates the cap on the number of investors who can receive shares in each category, helping you assess the likelihood of getting an allotment based on your investor category.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 1,940,000 (47.09%) |
|
•
Anchor Investor Shares Offered
|
1,130,000 (27.43%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
810,000 (19.66%) |
| NII (HNI) Shares Offered | 585,000 (14.20%) |
| Retail Shares Offered | 1,365,000 (33.13%) |
| Market Maker Shares Offered | 230,000 (5.57%) |
| Total Shares Offered | 4,120,000 (99.99%) |
Novus Loyalty is a technology company that helps other businesses keep their customers happy. They provide a digital platform where companies can give rewards, points, and cashback to their shoppers. They work with many different industries like banks, online shops, and grocery brands both in India and in countries like the USA and UAE.
Strengths:
The company has several strong points that help it succeed. First, they offer "all-in-one" solutions. This means a business can use their software to manage everything from simple reward points to complex gift card systems. Their technology is flexible; it can be installed on a company's own private servers for extra security or used as a cloud-based service (SaaS) for quick setup. Second, they have a very experienced leadership team that has been in this industry for over 14 years. Third, they are not just limited to India; they have a global presence, serving international clients in the USA, Australia, and Puerto Rico. This helps them earn money from different markets and stay stable even if one market slows down. Finally, they use advanced AI (Artificial Intelligence) to study what customers like, which helps their clients sell more products effectively.
Growth:
The company’s growth has been very consistent. Their total income grew from about ₹59.61 Crores in 2023 to over ₹104.63 Crores in 2025. This shows that more businesses are using their loyalty tools. Because more companies now realize that keeping old customers is cheaper than finding new ones, the demand for Novus Loyalty’s services is increasing. They plan to use the money from this IPO to build even better technology and hire more people to expand their business further.
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 Latest |
|---|---|---|---|
| Total Revenue | 59.61 | 73.61 |
104.63
↑ 42.1%
|
| Profit After Tax (PAT) | 0.55 | 2.96 |
3.58
↑ 20.9%
|
| EBITDA | 2.27 | 4.82 |
5.69
↑ 18.0%
|
| Total Assets | 13.38 | 12.36 |
14.81
↑ 19.8%
|
| Net Worth | 6.54 | 9.5 |
13.09
↑ 37.8%
|
| Reserves & Surplus | 6.53 | 9.49 |
13.08
↑ 37.8%
|
| Total Borrowing | 3.53 | 0.82 |
3.53
↑ 330.5%
|
Revenue & Profit Trend
The Novus Loyalty IPO is expected to open in March, 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Novus Loyalty IPO is ₹136.00 - ₹146.00 per share.
As per market sources, Novus Loyalty IPO GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Novus Loyalty IPO stands at 1.55x overall.
The listing date for Novus Loyalty IPO is March 25, 2026.
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