
Information Technology · BSE
Incorporated in 2011, Novus Loyalty is a technology-driven company that provides loyalty and rewards solutions for industries such as fintech, e-commerce, software, banking, FMCG, and real estate through a modern and flexible loyalty platform built with advanced technology. The company offers customizable and ready-to-use program models including point-based rewards, event-triggered campaigns, cashback programs, purchase-linked promotions, and digital vouchers, which can be easily integrated with existing systems and operate across web platforms, mobile apps, and physical stores to deliver a seamless customer experience. Novus Loyalty provides both on-premises solutions, installed on a client’s servers or private cloud for greater data control, and SaaS-based cloud solutions that are easy to deploy and scalable, supported by AI-powered analytics for better customer insights. The company serves clients across several Indian states such as Telangana, Haryana, Uttar Pradesh, Maharashtra, Punjab, Tamil Nadu, Rajasthan, Delhi, and Karnataka, while also operating internationally in markets including the UAE, USA, Australia, and Puerto Rico, and as of January 31, 2026, it had around 50 employees.
Price Band
₹139 – ₹146
Issue Size
₹412.00 L Cr
Lot Size
1000 shares
GMP
Est. Listing
₹146
at current GMP
Subscribed
1.55x
overall
Open
17 Mar 2026
Close
20 Mar 2026
Allotment
23 Mar 2026
Refund
24 Mar 2026
Demat Credit
25 Mar 2026
Listing
25 Mar 2026
Overall Subscription
1.55x
Total Demand
QIB Multiplier
1.38x
Institutions & Funds
NII / HNI
1.17x
High Net-Worth
Retail (RII)
1.82x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 810,000 | 1,115,000 | 1.38x |
| NIB | 586,000 | 684,000 | 1.17x |
| HNIs(10L +) | 391,000 | 512,000 | 1.31x |
| HNIs (2-10L) | 195,000 | 172,000 | 0.88x |
| RETAIL | 1,364,000 | 2,480,000 | 1.82x |
| Total | 3,346,000 | 4,963,000 | 1.55x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 683 | 1,240 | 1.82x |
| HNIs(10L +) | 130 | 41 | 0.32x |
| HNIs (2-10L) | 65 | 53 | 0.82x |
| Total Applications | 878 | 1,334 | 1.52x |
Novus Loyalty Limited is bringing an initial public offering (IPO) in the Information Technology sector with an aggregate issue size of ₹41,20,000 Crores. The shares are offered at a price band of ₹139 to ₹146 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1000 shares (approx. ₹1,46,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-03-25, while un-allotted funds or UPI block mandates will be released on 2026-03-24.
The Novus Loyalty Limited IPO aggregate issue size is ₹41,20,000 Crores with an equity price band set at ₹139 to ₹146 per equity share. The retail lot size is 1000 shares requiring a minimum capital outlay of approx. ₹1,46,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2026-03-23.