Novus Loyalty IPO
Novus Loyalty IPO is a book-building issue of ₹60.15 crore, which is a combination of the fresh issue of 0.33 crore shares worth up to ₹48.18 crore and an offer for sale (OFS) of 0.08 crore shares worth up to ₹11.97 crore. The price band for this issue is set at ₹139 to ₹146 per share and the lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail investor) is ₹2,92,000 (2,000 shares). This IPO will open for subscription from March 17 to 20, 2026, on the BSE SME platform with a tentative listing date fixed as March 25, 2026.
Company Background
Novus Loyalty Ltd., incorporated in 2011, is a technology-driven company offering advanced technology solutions for customer loyalty and rewards management in sectors like Fintech, E-commerce, Software, Banking, FMCG and Real Estate, among others.
It offers a contemporary and high-tech platform aimed at delivering solutions for customer retention and engagement. Novus has emerged as a versatile leader in the space by bridging the gap between brands and customers with data-driven rewards, serving both domestic conglomerates and an increasing number of international enterprise brands.
