Novus Loyalty IPO Subscription Status & 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 aims to raise around ₹60.15 crore through this issue.

The IPO comes with a price band of ₹139 to ₹146 per share, making it a budget-friendly option for retail investors.

Talking about subscription, the IPO has just started and is currently in the early stage, so full subscription data (QIB, NII, Retail) is still getting updated.
Investors should keep an eye on daily updates to understand demand trends better.

Novus Loyalty IPO – Key Details

Subscription Status

As of now:

• IPO is live and open for bidding
• Subscription numbers are still building up
• Detailed category-wise data (QIB, NII, Retail) will be clearer in the coming days

Usually, SME IPOs see stronger traction in the last 1–2 days, so early numbers may appear low.

About the Company

Novus Loyalty is a tech-based company that provides loyalty and rewards solutions. Its services include:

• Reward programs
• Cashback systems
• Digital vouchers
• Promotional campaigns
  

The company works with industries like banking, fintech, retail, and e-commerce, helping brands improve customer engagement.

Final Thoughts

The IPO currently shows neutral signals:

• 👍 Positive: Growing digital loyalty business
• ⚠️ Negative: Zero GMP and early subscription stage

This IPO may be suitable for long-term or high-risk investors, while short-term listing gains are uncertain for now.