The Novus Loyalty IPO GMP is attracting attention in the SME IPO market as investors continue to look for new listing opportunities. The IPO aims to raise ₹60.15 crore through a combination of fresh issue and offer for sale (OFS). With a competitive price band and a listing planned on the BSE SME platform, the IPO is expected to generate interest among retail and HNI investors.

In this article, we will cover all the important details including IPO price band, issue size, subscription dates, lot size, allotment date, and listing information.

Novus Loyalty IPO Details

The Novus Loyalty IPO is a book-built issue worth ₹60.15 crore. The issue includes a fresh issue of 0.33 crore shares raising around ₹48.18 crore, along with an offer for sale (OFS) of 0.08 crore shares amounting to approximately ₹11.97 crore.

The IPO will open for subscription on 17 March 2026 and will close on 20 March 2026. After the bidding process is completed, the allotment is expected to be finalized on 23 March 2026. The company plans to list its shares on the BSE SME, with a tentative listing date of 25 March 2026.

Novus Loyalty IPO Price Band

The company has fixed the price band at ₹139 to ₹146 per share. Investors can apply for the IPO within this price range during the subscription period.

The lot size for the IPO is 1,000 shares, meaning investors must apply in multiples of this quantity.

• Minimum investment for retail investors: ₹2,92,000 (2,000 shares at upper price band)

• Minimum investment for HNI investors: ₹4,38,000 (3 lots / 3,000 shares)

Since this is an SME IPO, the investment requirement is relatively higher compared to mainboard IPOs.

Key Dates of Novus Loyalty IPO

Here are the important dates investors should keep in mind:

• IPO Open Date: 17 March 2026

• IPO Close Date: 20 March 2026

• Allotment Date: 23 March 2026

• Listing Date: 25 March 2026 (Tentative)

• Exchange: BSE SME

These timelines are subject to change depending on regulatory or operational factors.

Issue Structure

The IPO consists of two components:

1. Fresh Issue:
   The company will issue 0.33 crore new shares to raise ₹48.18 crore. The funds raised through the fresh issue will typically be used for business expansion, working capital requirements, and other corporate purposes.

2. Offer for Sale (OFS):
   The offer for sale includes 0.08 crore shares, aggregating to ₹11.97 crore, where existing shareholders will sell part of their stake.

Should Investors Watch This IPO?

The Novus Loyalty IPO comes at a time when the SME IPO market in India is witnessing increasing investor participation. Many SME listings in recent years have delivered strong listing gains, making them attractive for short-term as well as long-term investors.

However, investors should carefully review factors such as:

• Company financial performance

• Industry growth potential

• Valuation at the offered price band

• IPO subscription demand

Conducting proper research before applying is always advisable.

Conclusion

The Novus Loyalty IPO GMP aims to raise ₹60.15 crore through a mix of fresh issue and offer for sale. The IPO will open on 17 March 2026 and close on 20 March 2026, with listing expected on 25 March 2026 on the BSE SME.

With a price band of ₹139 to ₹146 per share and a lot size of 1,000 shares, the IPO is mainly targeted at investors comfortable with SME investment requirements.

Investors interested in SME IPO opportunities should keep an eye on the subscription demand and market sentiment before making any investment decision.

Disclaimer:
This content is for informational and educational purposes only and should not be considered investment advice. Always consult a financial advisor before making investment decisions.