Novus Loyalty IPO Listing at 5% Premium at ₹138 Per Share

Wed Mar 25 2026

Novus Loyalty IPO Listing Today: The Novus Loyalty IPO was subscribed 155 times as of its closing. In this subscription, qualified institutional buyers (QIBs) received 1.38 times, and non-institutional investors (NIIs) received 1.17 times. The retail quota of the issue was subscribed to 33.11%. Before delving deeper into the topic, go through the details of the Novus Loyalty IPO.

Table of Contents

Novus Loyalty IPO

It is a bookbuilding issue IPO of ₹60.15 crore, comprising an entirely fresh issue of 0.33 crore and an offer for sale of 0.08 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 25th March 2026. The Novus Loyalty IPO date is scheduled from 17th March 2026 to 20th March 2026. The face value of Novus Loyalty shares stands at ₹10 per share, and the IPO Issue price band is set at ₹139 to ₹146 per share.

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

Novus Loyalty IPO Listing

On the NSE & BSE platforms, Novus Loyalty shares are listed at ₹138.70 per share, reflecting a 5% discount over the issue price of ₹146 per share.

About Novus Loyalty Limited

Novus Loyalty is a technology-driven organization that specialises in providing loyalty and reward solutions for different industries, including Fintech, E-commerce, Software, Banking, FMCG, Real Estate, and many more. Novus Loyalty specialises in providing a state-of-the-art loyalty solution that uses the best technology currently in the market. Novus Loyalty offers different loyalty and reward solutions, which are either customizable or ready-to-use, in the form of point-based rewards, event-based rewards, cashback rewards, purchase-based rewards, and many more, which can be easily adapted for use with existing infrastructures for a smooth customer experience on the web, mobile, and physical platforms.

Novus Loyalty Limited Financials

The company’s financial analysis is essential before applying for the Novus Loyalty IPO. See the table for Novus Loyalty Limited’s financials.

Year Ended	30th Sep 2025 (in cr.)	31st March 2025 (in cr.)	31st March 2024 (in cr.)	31 Mar 2023 (in cr.)
Assets	21.83	14.81	12.36	13.38
Total Income	71.43	104.63	73.61	59.61
Profit After Tax	5.80	3.58	2.96	0.55
EBITDA	7.79	5.69	4.82	2.27
Net Worth	18.89	13.09	9.50	6.54
Reserves and Surplus	6.64	13.08	9.49	6.53
Total Borrowings	–	–	0.82	3.53

Explanation

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.