
Novus Loyalty
CLOSEDIPO 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 IPO | Amount |
|---|---|
| Overall | 60 Cr |
| Fresh Issue | 48.18 Cr |
| Offer for Sale | 11.97 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 23 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.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 24 Mar 2026 | ₹146 | ₹0 | ₹146 (0%) |
| 22 Mar 2026 | ₹146 | ₹0 | ₹146 (0%) |
| 21 Mar 2026 | ₹146 | ₹0 | ₹146 (0%) |
| 19 Mar 2026 | ₹146 | ₹0 | ₹146 (0%) |
| 18 Mar 2026 | ₹146 | ₹0 | ₹146 (0%) |
| 16 Mar 2026 | ₹146 | ₹0 | ₹146 (0%) |
| 15 Mar 2026 | ₹146 | ₹0 | ₹146 (0%) |
| 14 Mar 2026 | ₹146 | ₹0 | ₹146 (0%) |
| 13 Mar 2026 | ₹146 | ₹0 | ₹146 (0%) |
| 12 Mar 2026 | ₹146 | ₹0 | ₹146 (0%) |
| 11 Mar 2026 | ₹146 | ₹0 | ₹146 (0%) |
| 10 Mar 2026 | ₹146 | ₹0 | ₹146 (0%) |
Performance Novus Loyalty
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.139 - Rs.146 | ₹ 360 (0%) | ₹ 156.6 | 7.26% |
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 in | 2011 |
| Managing director | Mr. 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
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 1.38 |
| Non-Institutional Investors (NIIs) | 1.12 |
| Retail Individual Investors (RIIs) | 1.81 |
| Employee | N/A |
| Total | 1.5 |