{"id":64618,"date":"2026-03-20T00:00:00","date_gmt":"2026-03-19T18:30:00","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=64618"},"modified":"2026-03-19T16:21:13","modified_gmt":"2026-03-19T10:51:13","slug":"novus-loyalty-ipo-gmp-day-4","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/novus-loyalty-ipo-gmp-day-4\/","title":{"rendered":"Novus Loyalty IPO GMP: Day 4 IPO Live Updates"},"content":{"rendered":"<p>The <strong>Novus Loyalty IPO GMP <\/strong>is \u20b90 as of 20th March 2026. It is a book-building issue IPO of \u20b960.15 crores. This is an entirely fresh issue of 0.33 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 25th March 2026. The face value of Novus Loyalty IPO shares is \u20b910 per share, and the IPO price band is \u20b9139 to \u20b9146 per share. Retail investors can bid for a minimum of 2 lots of 2,000 shares worth \u20b92,92,000.&nbsp;<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/novus-loyalty-ipo-gmp-day-4\/#Novus_Loyalty_IPO_Grey_Market_Premium\" title=\"Novus Loyalty IPO Grey Market Premium\">Novus Loyalty IPO Grey Market Premium<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/novus-loyalty-ipo-gmp-day-4\/#Novus_Loyalty_IPO_Details\" title=\"Novus Loyalty IPO Details\">Novus Loyalty IPO Details<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/novus-loyalty-ipo-gmp-day-4\/#Explanation\" title=\"Explanation\">Explanation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/novus-loyalty-ipo-gmp-day-4\/#Objectives_of_the_Novus_Loyalty_IPO\" title=\"Objectives of the Novus Loyalty IPO\">Objectives of the Novus Loyalty IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/novus-loyalty-ipo-gmp-day-4\/#Novus_Loyalty_IPO_Registrar\" title=\"Novus Loyalty IPO Registrar\">Novus Loyalty IPO Registrar<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/novus-loyalty-ipo-gmp-day-4\/#Novus_Loyalty_IPO_Review\" title=\"Novus Loyalty IPO Review&nbsp;&nbsp;\">Novus Loyalty IPO Review&nbsp;&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/novus-loyalty-ipo-gmp-day-4\/#Technical_Analysis\" title=\"Technical Analysis\">Technical Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/novus-loyalty-ipo-gmp-day-4\/#FAQs_on_Novus_Loyalty_IPO\" title=\"FAQs on Novus Loyalty IPO\">FAQs on Novus Loyalty IPO<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/novus-loyalty-ipo-gmp-day-4\/#What_is_the_GMP_of_the_Novus_Loyalty_IPO\" title=\"What is the GMP of the Novus Loyalty IPO?\">What is the GMP of the Novus Loyalty IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/novus-loyalty-ipo-gmp-day-4\/#What_is_the_issue_price_of_the_Novus_Loyalty_IPO\" title=\"What is the issue price of the Novus Loyalty IPO?\">What is the issue price of the Novus Loyalty IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/novus-loyalty-ipo-gmp-day-4\/#Who_is_the_registrar_of_the_Novus_Loyalty_IPO\" title=\"Who is the registrar of the Novus Loyalty IPO?\">Who is the registrar of the Novus Loyalty IPO?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/novus-loyalty-ipo-gmp-day-4\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Novus_Loyalty_IPO_Grey_Market_Premium\"><\/span><strong>Novus Loyalty IPO Grey Market Premium<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As of 20th March 2025, the <strong>GMP for the Novus Loyalty IPO <\/strong>stands at \u20b90.00 per share. Thus, the estimated listing price would be \u20b9146.00. This indicates that the estimated listing gain in this IPO could be 0.00%. However, GMP details are subject to change based on market conditions and fluctuations. Explore the table for the <strong>Novus Loyalty IPO GMP <\/strong>updates.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>GMP DATE<\/strong><\/td><td><strong>IPO Price<\/strong><\/td><td><strong>GMP Price<\/strong><\/td><td><strong>Estimated Listing Price<\/strong><\/td><td><strong>Estimated Gain<\/strong><\/td><\/tr><tr><td><strong>20-3-2026<\/strong><\/td><td>\u20b9146.00<\/td><td>\u20b90.00<\/td><td>\u20b9146.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>19-3-2026<\/strong><\/td><td>\u20b9146.00<\/td><td>\u20b90.00<\/td><td>\u20b9146.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>18-3-2026<\/strong><\/td><td>\u20b9146.00<\/td><td>\u20b90.00<\/td><td>\u20b9146.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>17-3-2026<\/strong><\/td><td>\u20b9146.00<\/td><td>\u20b90.00<\/td><td>\u20b9146.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>16-3-2026<\/strong><\/td><td>\u20b9146.00<\/td><td>\u20b90.00<\/td><td>\u20b9146.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>15-3-2026<\/strong><\/td><td>\u20b9146.00<\/td><td>\u20b90.00<\/td><td>\u20b9146.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>14-3-2026<\/strong><\/td><td>\u20b9146.00<\/td><td>\u20b90.00<\/td><td>\u20b9146.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>13-3-2026<\/strong><\/td><td>\u20b9146.00<\/td><td>\u20b90.00<\/td><td>\u20b9146.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>12-3-2026<\/strong><\/td><td>\u20b9146.00<\/td><td>\u20b90.00<\/td><td>\u20b9146.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>11-3-2026<\/strong><\/td><td>\u20b9146.00<\/td><td>\u20b90.00<\/td><td>\u20b9146.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>10-3-2026<\/strong><\/td><td>\u20b9146.00<\/td><td>\u20b90.00<\/td><td>\u20b9146.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>9-3-2026<\/strong><\/td><td>\u20b9146.00<\/td><td>\u20b90.00<\/td><td>\u20b9146.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>8-3-2026<\/strong><\/td><td>\u20b9146.00<\/td><td>\u20b90.00<\/td><td>\u20b9146.00<\/td><td>0.00%<\/td><\/tr><\/tbody><\/table><\/figure><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong><em>Click &amp; Sign Up to Get Latest Updates on Novus Loyalty IPO<\/em><\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Novus_Loyalty_IPO_Details\"><\/span><strong>Novus Loyalty IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>IPO Allotment Date<\/strong><\/td><td>23rd March 2026<\/td><\/tr><tr><td><strong>IPO Open Date<\/strong><\/td><td>17th March 2026<\/td><\/tr><tr><td><strong>IPO Close Date<\/strong><\/td><td>20th March 2026<\/td><\/tr><tr><td><strong>Refund Initiation&nbsp;<\/strong><\/td><td>24th March 2026<\/td><\/tr><tr><td><strong>Issue Size<\/strong><\/td><td>41,20,000 shares(agg. up to \u20b960 Cr)<\/td><\/tr><tr><td><strong>Fresh Issue&nbsp;<\/strong><\/td><td>30,70,000 shares(agg. up to \u20b945 Cr)<\/td><\/tr><tr><td><strong>Offer for Sale&nbsp;<\/strong><\/td><td>8,20,000 shares of \u20b910(agg. up to \u20b912 Cr)<\/td><\/tr><tr><td><strong>Face Value<\/strong><\/td><td>\u20b910 per share<\/td><\/tr><tr><td><strong>Lot Size<\/strong><\/td><td>1,000 shares&nbsp;<\/td><\/tr><tr><td><strong>Issue Price&nbsp;<\/strong><\/td><td>\u20b9139 to \u20b9146 per share<\/td><\/tr><tr><td><strong>Issue Type<\/strong><\/td><td>Bookbuilding IPO<\/td><\/tr><tr><td><strong>Listing At<\/strong><\/td><td>BSE &amp; SME<\/td><\/tr><tr><td><strong>Listing Date<\/strong><\/td><td>25th March 2026<\/td><\/tr><\/tbody><\/table><\/figure><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explanation\"><\/span><strong>Explanation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><strong>Novus Loyalty IPO<\/strong>: Novus Loyalty IPO Limited has declared an issue price band of \u20b9139 to \u20b9146 per share. With this IPO, the company allows retail investors to bid for at least 2 lots of 2,000 shares, each worth \u20b92,92,000. The face value of Novus Loyalty IPO Limited shares is \u20b910 per share. The shares of Novus Loyalty IPO Limited will be listed on BSE and SME on its tentative listing day, 25th March 2026. Scroll down to check GMP updates and <strong>Novus Loyalty IPO <\/strong>reviews.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Objectives_of_the_Novus_Loyalty_IPO\"><\/span><strong>Objectives of the Novus Loyalty IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The primary aim of the <strong>Novus Loyalty IPO<\/strong> is to raise \u20b960.15 crores, and the secondary objective is to:<\/p><ul class=\"wp-block-list\"><li>To fund expenditure towards the investment in upgrading, enhancing, and developing new products<\/li>\n\n<li>To Business Development and marketing activities, including manpower hiring<\/li>\n\n<li>For general corporate purposes and an unidentified inorganic acquisition<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Novus_Loyalty_IPO_Registrar\"><\/span><strong>Novus Loyalty IPO Registrar<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Kfin Technologies Limited is the registrar for the Novus Loyalty IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Novus Loyalty allotment and refund, you can contact Kfin Technologies Limited at <a href=\"mailto:novus.ipo@kfintech.com\">novus.ipo@kfintech.com<\/a>&nbsp; or at 04067162222 or 04079611000.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Novus_Loyalty_IPO_Review\"><\/span><strong>Novus Loyalty IPO Review&nbsp;&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/03\/19161636\/Novus-Loyalty-IPO-Apply-or-Avoid-2-1024x536.jpg\" alt=\"Novus Loyalty IPO: Apply or Avoid\" class=\"wp-image-64620\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/03\/19161636\/Novus-Loyalty-IPO-Apply-or-Avoid-2-1024x536.jpg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/03\/19161636\/Novus-Loyalty-IPO-Apply-or-Avoid-2-300x157.jpg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/03\/19161636\/Novus-Loyalty-IPO-Apply-or-Avoid-2-768x402.jpg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/03\/19161636\/Novus-Loyalty-IPO-Apply-or-Avoid-2-900x471.jpg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/03\/19161636\/Novus-Loyalty-IPO-Apply-or-Avoid-2-600x314.jpg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/03\/19161636\/Novus-Loyalty-IPO-Apply-or-Avoid-2-150x79.jpg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/03\/19161636\/Novus-Loyalty-IPO-Apply-or-Avoid-2.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>The <strong>Novus Loyalty IPO <\/strong>has gained neutral ratings from industry experts, brokers, and institutional investors. Novus Loyalty Limited&#8217;s revenue increased by 42.14%, from \u20b973.61 crore in March 2024 to \u20b9104.63 crore in March 2025. Moreover, the company&#8217;s PAT increased by 20.94% from \u20b92.96 crore in March 2024 to \u20b93.58 crore in March 2025.<\/p><p>Most analysts recommend applying for this IPO to diversify your investment portfolio. However, we\u2019re waiting for further ratings to gain a better understanding and will continue to post them to deliver real-time insights. Until then, you can explore the company&#8217;s technical analysis to know whether you should apply for the <strong>Novus Loyalty IPO <\/strong>or not.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Technical_Analysis\"><\/span><strong>Technical Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Several technical indicators are available to assess a company&#8217;s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Novus Loyalty<strong> IPO.<\/strong><\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Key Indicators<\/strong><\/td><td><strong>Value<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/price-to-earnings-ratio-p-e-ratio\"><strong>PE Ratio (Price-to-Earnings)<\/strong><\/a><strong>&nbsp;<\/strong><\/td><td>49.89<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/earnings-per-share-eps-formula\"><strong>EPS (Earnings Per Share)<\/strong><\/a><\/td><td>2.93<\/td><\/tr><tr><td><strong>RoNW<\/strong><\/td><td>30.73%<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/return-on-capital-employed\"><strong>ROCE<\/strong><\/a><\/td><td>40.64%<\/td><\/tr><tr><td><strong>ROE<\/strong><\/td><td>36.30%<\/td><\/tr><tr><td><strong>EBITDA Margin<\/strong><\/td><td>10.91%<\/td><\/tr><tr><td><strong>Price to Book Value<\/strong><\/td><td>9.47<\/td><\/tr><tr><td><strong>Market Capitalisation<\/strong><\/td><td>\u20b9227.03 Cr.<\/td><\/tr><\/tbody><\/table><\/figure><p>The P\/E ratio of Novus Loyalty Limited shares is 49.89, and its Earnings Per Share (EPS) stands at 2.93. Thus, the <strong>Novus Loyalty IPO<\/strong> can deliver gains on its tentative listing date, 25th March 2026.&nbsp;<\/p><p><strong><em>Note<\/em><\/strong><em>: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Novus Loyalty Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.&nbsp;<\/em><\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Indicators<\/strong><\/td><td><strong>Pre-IPO<\/strong><\/td><td><strong>Post-IPO<\/strong><\/td><\/tr><tr><td><strong>PE Ratio<\/strong><\/td><td>49.89<\/td><td>19.56<\/td><\/tr><tr><td><strong>EPS&nbsp;<\/strong><\/td><td>2.93<\/td><td>7.47<\/td><\/tr><\/tbody><\/table><\/figure><p><strong><em>Download the <\/em><\/strong><a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\"><strong><em>Univest iOS App<\/em><\/strong><\/a><strong><em> or the <\/em><\/strong><a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\"><strong><em>Univest Android App<\/em><\/strong><\/a><strong><em> to get daily stock recommendations and insightful research pieces!<\/em><\/strong><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_on_Novus_Loyalty_IPO\"><\/span><strong>FAQs on Novus Loyalty IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_GMP_of_the_Novus_Loyalty_IPO\"><\/span><strong>What is the GMP of the Novus Loyalty IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Currently, on 20th March 2026, the Novus Loyalty IPO GMP (Grey Market Premium) stands at \u20b90. This indicates that the estimated listing price could be \u20b9146.00 per share.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_issue_price_of_the_Novus_Loyalty_IPO\"><\/span><strong>What is the issue price of the Novus Loyalty IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The Novus Loyalty IPO price range is \u20b9139 to \u20b9146 per share.\u00a0 Retail investors can apply for a minimum of 2 lots, each consisting of 2,000 shares, worth \u20b92,92,000. Moreover, HNIs are required to bid for a minimum of 3 lots (3,000 shares) worth \u20b94,38,000.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_is_the_registrar_of_the_Novus_Loyalty_IPO\"><\/span><strong>Who is the registrar of the Novus Loyalty IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>MUFG Intime India Private Limited is the registrar for the Novus Loyalty IPO, awaiting the&nbsp; Kfin Technologies Limited is the registrar for the Novus Loyalty IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Novus Loyalty allotment and refund, you can contact Kfin Technologies Limited at <a href=\"mailto:novus.ipo@kfintech.com\">novus.ipo@kfintech.com<\/a>&nbsp; or at 04067162222 or 04079611000.<\/p><p><strong><em>Disclaimer<\/em><\/strong><em>: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Novus Loyalty IPO, download the Novus Loyalty IPO RHP and Novus Loyalty IPO DRHP. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.<\/em><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Articles\"><\/span><strong>Recent Articles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"http:\/\/univest.in\/blogs\/novus-loyalty-ipo-gmp-day-3;\"><strong>Novus Loyalty IPO GMP Day 3<\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/novus-loyalty-ipo-subscription-status-day-3\"><strong>Novus Loyalty IPO Subscription Status Day 3<\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/rajputana-stainless-ipo-listing-preview\"><strong>Rajputana Stainless IPO Listing Preview<\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/innovision-ipo-listing-preview\"><strong>Innovision IPO Listing Preview<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>The Novus Loyalty IPO GMP is \u20b90 as of 20th March 2026. It is a book-building issue IPO of \u20b960.15 crores. This is an entirely fresh issue of 0.33 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 25th March 2026. 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