Novus Loyalty IPO GMP: Day 1 IPO Live Updates

Mon Mar 16 2026

The Novus Loyalty IPO GMP is ₹0 as of 17th March 2026. It is a book-building issue IPO of ₹60.15 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 ₹10 per share, and the IPO price band is ₹139 to ₹146 per share. Retail investors can bid for a minimum of 2 lots of 2,000 shares worth ₹2,92,000.

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Novus Loyalty IPO Grey Market Premium

As of 17th March 2025, the GMP for the Novus Loyalty IPO stands at ₹0.00 per share. Thus, the estimated listing price would be ₹146.00. 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 Novus Loyalty IPO GMP updates.

GMP DATE	IPO Price	GMP Price	Estimated Listing Price	Estimated Gain
17-3-2026	₹146.00	₹0.00	₹146.00	0.00%
16-3-2026	₹146.00	₹0.00	₹146.00	0.00%
15-3-2026	₹146.00	₹0.00	₹146.00	0.00%
14-3-2026	₹146.00	₹0.00	₹146.00	0.00%
13-3-2026	₹146.00	₹0.00	₹146.00	0.00%
12-3-2026	₹146.00	₹0.00	₹146.00	0.00%
11-3-2026	₹146.00	₹0.00	₹146.00	0.00%
10-3-2026	₹146.00	₹0.00	₹146.00	0.00%
9-3-2026	₹146.00	₹0.00	₹146.00	0.00%
8-3-2026	₹146.00	₹0.00	₹146.00	0.00%

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Novus Loyalty IPO Details

IPO Allotment Date	23rd March 2026
IPO Open Date	17th March 2026
IPO Close Date	20th March 2026
Refund Initiation	24th March 2026
Issue Size	41,20,000 shares(agg. up to ₹60 Cr)
Fresh Issue	30,70,000 shares(agg. up to ₹45 Cr)
Offer for Sale	8,20,000 shares of ₹10(agg. up to ₹12 Cr)
Face Value	₹10 per share
Lot Size	1,000 shares
Issue Price	₹139 to ₹146 per share
Issue Type	Bookbuilding IPO
Listing At	BSE & SME
Listing Date	25th March 2026

Explanation

Novus Loyalty IPO: Novus Loyalty IPO Limited has declared an issue price band of ₹139 to ₹146 per share. With this IPO, the company allows retail investors to bid for at least 2 lots of 2,000 shares, each worth ₹2,92,000. The face value of Novus Loyalty IPO Limited shares is ₹10 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 Novus Loyalty IPO reviews.

Objectives of the Novus Loyalty IPO

The primary aim of the Novus Loyalty IPO is to raise ₹60.15 crores, and the secondary objective is to:

To fund expenditure towards the investment in upgrading, enhancing, and developing new products
To Business Development and marketing activities, including manpower hiring
For general corporate purposes and an unidentified inorganic acquisition

Novus Loyalty IPO Registrar

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 novus.ipo@kfintech.com or at 04067162222 or 04079611000.

Novus Loyalty IPO Review

The Novus Loyalty IPO has gained neutral ratings from industry experts, brokers, and institutional investors. Novus Loyalty Limited’s revenue increased by 42.14%, from ₹73.61 crore in March 2024 to ₹104.63 crore in March 2025. Moreover, the company’s PAT increased by 20.94% from ₹2.96 crore in March 2024 to ₹3.58 crore in March 2025.

Most analysts recommend applying for this IPO to diversify your investment portfolio. However, we’re 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’s technical analysis to know whether you should apply for the Novus Loyalty IPO or not.

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Novus Loyalty IPO.

Key Indicators	Value
PE Ratio (Price-to-Earnings)	49.89
EPS (Earnings Per Share)	2.93
RoNW	30.73%
ROCE	40.64%
ROE	36.30%
EBITDA Margin	10.91%
Price to Book Value	9.47
Market Capitalisation	₹227.03 Cr.

The P/E ratio of Novus Loyalty Limited shares is 49.89, and its Earnings Per Share (EPS) stands at 2.93. Thus, the Novus Loyalty IPO can deliver gains on its tentative listing date, 25th March 2026.

Note: 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.

Indicators	Pre-IPO	Post-IPO
PE Ratio	49.89	19.56
EPS	2.93	7.47

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FAQs on Novus Loyalty IPO

What is the GMP of the Novus Loyalty IPO?

Currently, on 17th March 2026, the Novus Loyalty IPO GMP (Grey Market Premium) stands at ₹0. This indicates that the estimated listing price could be ₹146.00 per share.

What is the issue price of the Novus Loyalty IPO?

The Novus Loyalty IPO price range is ₹139 to ₹146 per share. Retail investors can apply for a minimum of 2 lots, each consisting of 2,000 shares, worth ₹2,92,000. Moreover, HNIs are required to bid for a minimum of 3 lots (3,000 shares) worth ₹4,38,000.

Who is the registrar of the Novus Loyalty IPO?

MUFG Intime India Private Limited is the registrar for the Novus Loyalty IPO, awaiting the 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 novus.ipo@kfintech.com or at 04067162222 or 04079611000.

Disclaimer: 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.