Novus Loyalty

Novus Loyalty

CLOSED

IPO Date: 17 Mar - 20 Mar 2026

Listing Date: 25 Mar 2026

Price Range

Rs.139 - Rs.146

Issue Size

60 Cr

Min Investment

1,39,000

Lot Size

1000 Shares

Schedule of Novus Loyalty

Issue open date

17 Mar 2026

Issue close date

20 Mar 2026

UPI mandate deadline

20 Mar 2026 (5 PM)

Allotment finalization

23 Mar 2026

Share credit

24 Mar 2026

Listing date

25 Mar 2026

Mandate end date

4 Apr 2026

Issue size

Funds Raised in the IPOAmount
Overall60 Cr
Fresh Issue48.18 Cr
Offer for Sale11.97 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date23 Mar 2026
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price
24 Mar 20261460146 (0%)
22 Mar 20261460146 (0%)
21 Mar 20261460146 (0%)
19 Mar 20261460146 (0%)
18 Mar 20261460146 (0%)
16 Mar 20261460146 (0%)
15 Mar 20261460146 (0%)
14 Mar 20261460146 (0%)
13 Mar 20261460146 (0%)
12 Mar 20261460146 (0%)
11 Mar 20261460146 (0%)
10 Mar 20261460146 (0%)

Performance Novus Loyalty

Issue PriceListing GainCurrent Market PriceP/L
Rs.139 - Rs.146 360 (0%) 156.67.26%

About Novus Loyalty

Novus Loyalty is a technology-driven provider of loyalty and rewards management solutions serving sectors including fintech, e-commerce, banking, financial services, FMCG, software, and real estate. It offers enterprises a modern, scalable platform designed to enhance customer acquisition, engagement, and retention through data-driven loyalty programs. The company’s technology platform is built using a modern technology stack and is designed to integrate seamlessly with existing enterprise systems. It enables a consistent omnichannel customer experience across web, mobile applications, and physical retail touchpoints. The company offers both on-premises deployment and software-as-a-service (SaaS) models. The on-premises model provides enterprises with greater control over infrastructure, data security, and customisation, while the SaaS model offers a cloud-based, subscription-driven solution that allows faster deployment and lower operational overhead. The company's customer base is spread across states, including Uttar Pradesh, Rajasthan, Karnataka, Telangana, Maharashtra, Haryana, Punjab, Delhi, and Tamil Nadu. Internationally, it has a presence in the UAE, the US, Australia, and Puerto Rico. Novus also provides loyalty solutions for retailers and digital commerce platforms, enabling them to reward customers effectively while leveraging analytics to drive targeted marketing, cross-selling, and customer retention strategies.

Founded in2011
Managing directorMr. Deepak Tomar
Parent organization

Financial Overview

Strengths

  • Technology-driven platform offering loyalty and rewards solutions across multiple industries.
  • Scalable technology infrastructure supporting customizable and ready-to-use loyalty programs.
  • Wide range of engagement solutions including rewards points, cashback, digital vouchers, and promotional campaigns.
  • Positioned to benefit from rising digital adoption and smartphone usage in India.
  • Data-driven approach to customer engagement, retention, and acquisition for enterprise clients.

Risks

  • Significant dependence on a few key customers for a large share of revenue.
  • Rapid technological changes may require continuous product upgrades and innovation.
  • Inability to adapt quickly to evolving customer needs and market trends may affect growth.
  • Business operations may be impacted by regulatory or macroeconomic changes in India.
  • Growth depends on the ability to attract and retain skilled technology and management talent.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)1.38
Non-Institutional Investors (NIIs)1.12
Retail Individual Investors (RIIs)1.81
EmployeeN/A
Total1.5