The Safety Controls IPO is a ₹48 crore book-built issue, consisting entirely of a fresh…
Novus Loyalty IPO GMP, Price & Key Details 2026
The Novus Loyalty IPO has opened for subscription on March 17, 2026, and will close on March 20, 2026. This is an SME IPO, and the company plans to raise around ₹60.15 crore through this issue.
The IPO consists of a fresh issue and an offer for sale, where the fresh issue is around ₹48 crore. The funds will be used for business expansion and general corporate purposes.
The price band for the IPO is set between ₹139 to ₹146 per share, making it relatively affordable compared to many mainboard IPOs.
Novus Loyalty IPO – Key Details
| Particulars | Details |
|---|---|
| IPO Open Date | March 17, 2026 |
| IPO Close Date | March 20, 2026 |
| Price Band | ₹139 – ₹146 per share |
| Face Value | ₹10 per share |
| Issue Size | ₹60.15 Crore (Approx) |
| Fresh Issue | ₹48.18 Crore |
| Lot Size | 2,000 Shares |
| Allotment Date | March 23, 2026 (Expected) |
| Listing Date | March 25, 2026 (Expected) |
| Listing Exchange | BSE SME |
GMP (Grey Market Premium)
As per the latest updates, the GMP is around ₹0, which means the IPO is currently trading at its issue price in the grey market.
| Date | IPO GMP | GMP Trend | Gain |
|---|---|---|---|
| 17 March | ₹- | – | -% |
| 16 March | ₹- | – | -% |
| 14 March | ₹- | – | -% |
This indicates neutral market sentiment, and there are no strong listing gain expectations at the moment.
About the Company
Novus Loyalty is a technology-driven company that provides loyalty and rewards solutions. It helps businesses run:
- Cashback programs
- Reward points systems
- Promotional campaigns
- Digital voucher solutions
The company serves industries like fintech, e-commerce, banking, FMCG, and retail, both in India and international markets.
Final Thoughts
The IPO shows neutral signals:
- 👍 Positive: Growing tech-based business model
- ⚠️ Negative: Zero GMP and early-stage SME risk
This IPO may be suitable for high-risk investors or long-term perspective, while short-term listing gains look limited for now.
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