Novus Loyalty IPO Day 4 Subscription Status: Subscribed 1.54x
By HDFC SKY | Published at: Mar 20, 2026 05:34 PM IST
Novus Loyalty IPO closes Day 4 with 1.54x overall subscription, led by retail demand. he price band for the issue was fixed at ₹139 to ₹146 per share.
Mumbai, March 20: Novus Loyalty IPO, a book-built issue aggregating to ₹60.15 crore, opened for subscription on March 17, 2026, and closed on Friday. The price band for the issue was fixed at ₹139 to ₹146 per share.
The IPO comprised a fresh issue of 0.33 crore shares worth ₹48.18 crore and an offer for sale of 0.08 crore shares amounting to ₹11.97 crore. The shares are proposed to be listed on the BSE SME platform.
Novus Loyalty IPO Day 4 Subscription Status
As of 4:44:35 PM on March 20, 2026 (Day 4), Novus Loyalty IPO was subscribed 1.54 times overall.
Category-wise Novus Loyalty IPO Subscription Status
| Category | Subscription (x) |
| QIB (Ex Anchor) | 1.38 |
| NII (HNI) | 1.16 |
| Retail Investors | 1.80 |
| Total | 1.54 |
Novus Loyalty Day’s Wise Subscription Summary
| Date | QIB (Ex Anchor) | NII | Retail | Total |
| March 17 (Day 1) | 0.76 | 0.45 | 1.04 | 0.83 |
| March 18 (Day 2) | 0.89 | 0.09 | 1.22 | 0.88 |
| March 19 (Day 3) | 0.89 | 0.58 | 1.38 | 1.06 |
| March 20 (Day 4) | 1.38 | 1.16 | 1.80 | 1.54 |
Novus Loyalty IPO Timeline
| Event | Date |
| Issue Open Date | March 17 2026 |
| Issue Close Date | March 20 2026 |
| Basis of Allotment | March 23 2026 |
| Initiation of Refunds | March 24 2026 |
| Credit of Shares | March 24 2026 |
| Listing Date | March 25 2026 |
Brief Overview Of The IPO
Novus Loyalty IPO is a bookbuilding issue of ₹60.15 crore with a price band of ₹139 to ₹146 per share. The minimum lot size for application is 1,000 shares. Retail investors are required to bid for at least 2,000 shares, translating to an investment of ₹2,92,000 at the upper price band.
The issue includes both fresh issuance and an offer for sale. The company operates in the loyalty and rewards solutions segment, providing technology-driven customer engagement services.
Source:
https://www.bseindia.com/markets/publicIssues/DisplayIPO.aspxid=4496&type=IPO&idtype=1&status=L&IPONo=7637&startdt=17/Mar/2026
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