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Novus Loyalty Solutions Limited IPO
⚫ ListedBSE SMESME IPOTechnology
Issue Price
₹139–146
Issue Size
₹60.15 Cr
Lot Size
1000 shares
Min. Invest
₹146K
Open Date
17 Mar 2026
Close Date
20 Mar 2026
Allotment
21 Mar 2026
Listing Date
25 Mar 2026
44
IPOGenie Score
Neutral
out of 100
Grey Market Premium
₹0
No GMP data
GMP is unofficial — not regulated by SEBI.
Listing Performance
+0.00%
Listed at ₹146
Current: ₹148
IPOGenie Score — Novus Loyalty Solutions Limited
Our 5-factor scoring model: Financial Quality (30) + Subscription (25) + GMP (20) + Business (15) + Risk (10). Total: 44/100 — Neutral.
Financial Quality15/30
Subscription Momentum10/25
GMP Sentiment3/20
Business Quality8/15
Risk Assessment8/10
This score is an analytical tool only, not investment advice. Consult a SEBI-registered advisor.
IPOGenie Market Signal🔴 Bearish
Weak indicators: No GMP. Score 44/100 — high risk.
IPOGenie Review — Novus Loyalty Solutions Limited
B2B SaaS loyalty platform. Annual subscriptions + transaction-based revenue model. 200+ clients.
Listed flat at issue price Rs 146. Zero GMP correctly predicted the flat listing. Currently at Rs 148. Not a compelling listing but decent business fundamentals.
Strengths
- SaaS recurring revenue model
- Growing loyalty programme adoption
Risks
- Competitive B2B SaaS market
- Small scale
Novus Loyalty Solutions Limited IPO — Complete Details
| Open Date | 17 March 2026 |
| Close Date | 20 March 2026 |
| Allotment Date | 21 March 2026 |
| Listing Date | 25 March 2026 |
| Price Band | ₹139 – ₹146 per share |
| Face Value | ₹10 per share |
| Lot Size | 1000 shares |
| Min. Investment (Retail) | ₹1,46,000 |
| Issue Size | ₹60.15 Crores |
| Fresh Issue | ₹60.15 Crores |
| Offer for Sale (OFS) | None |
| Listing Exchange | BSE SME |
| IPO Type | SME IPO (NSE Emerge / BSE SME) |
| Issue Type | Book Built |
| Registrar | Bigshare Services Pvt Ltd |
| Lead Manager(s) | Swastika Investmart Ltd |
| Promoter Holding (Pre-IPO) | 70.2% |
Novus Loyalty Solutions Limited — Financial Snapshot
Revenue
₹28 Cr
Net Profit (PAT)
₹4.2 Cr
EPS (Diluted)
₹3.8
P/E (Post-Issue)
38.42x
ROE
12.4%
ROCE
14.8%
Market Cap
N/A
Sector
Technology
Use of IPO Proceeds
- 1Technology enhancement
- 2Working capital
IPO Documents
⚠️ Always read the RHP before investing — it contains all material risk factors and financial disclosures.
Frequently Asked Questions — Novus Loyalty Solutions Limited IPO
When does Novus Loyalty Solutions Limited IPO open and close?
Novus Loyalty Solutions Limited IPO opens on 17 March 2026 and closes on 20 March 2026. Allotment is expected on 21 March 2026 and listing on 25 March 2026.
What is the price band and lot size of Novus Loyalty Solutions Limited IPO?
Novus Loyalty Solutions Limited IPO price band is ₹139–₹146 per share. Lot size is 1000 shares. Minimum investment for retail investors is ₹1,46,000 (1 lot at cut-off price).
What is the GMP of Novus Loyalty Solutions Limited IPO today?
Novus Loyalty Solutions Limited IPO GMP (Grey Market Premium) is currently ₹0, indicating no significant grey market activity. This could mean the market is awaiting more subscription data. GMP is unofficial and not regulated by SEBI.
How to check Novus Loyalty Solutions Limited IPO allotment status?
Check Novus Loyalty Solutions Limited IPO allotment status on the registrar website — Bigshare Services Pvt Ltd (https://bigshareonline.com). You can also check on BSE (bseindia.com → Investors → Application Status) using your PAN number. Allotment is finalised on 21 March 2026.
Is Novus Loyalty Solutions Limited IPO good for investment?
IPOGenie rates Novus Loyalty Solutions Limited IPO as "Neutral" with a score of 44/100. Novus Loyalty Solutions provides SaaS-based loyalty programme management software to retail chains, FMCG brands. Tracks customer points, rewards, and ... Always read the RHP and consult a SEBI-registered advisor before investing.
How to apply for Novus Loyalty Solutions Limited IPO?
Apply for Novus Loyalty Solutions Limited IPO through: (1) UPI method — use any broker app (Zerodha, Groww, Upstox) and approve the UPI mandate. (2) ASBA — through your bank's net banking IPO section. Apply at cut-off price for best allotment odds. Maximum retail application is ₹2 lakh (1 lots).
What is the issue size of Novus Loyalty Solutions Limited IPO?
Novus Loyalty Solutions Limited IPO total issue size is ₹60.15 Cr. Fresh issue is ₹60.15 Cr.