Novus Loyalty Ltd. IPO
Listed · SME · BSE SME
Last updated: · Compiled by IPONOVA Editorial Desk · How we source data
IPO Details
| Price Band | ₹139.00–₹146.00 |
|---|---|
| Lot Size | 1000 shares |
| Issue Size | ₹60cr |
| Open Date | 17 Mar 26 |
| Close Date | 20 Mar 26 |
| Listing Date | 25 Mar 26 |
| Exchange | BSE SME |
| Subscription | 1.51x |
About Novus Loyalty Ltd.
Novus Loyalty Limited started in 2011 as Clavax Technologies before rebranding and becoming a public company in 2025. Based in Gurugram, the company is led by its founders, Deepak Tomar and Sweta Singh. It operates as a B2B technology provider in the loyalty and rewards space. The business builds and manages the digital infrastructure that allows other companies to run points-based rewards, cashback offers, and digital vouchers. Their platforms serve various industries, including banking, e-commerce, and real estate. By providing the underlying software, they help brands track customer behaviour and offer targeted incentives. The move to go public follows its recent conversion to a public limited entity. Investors should note that the business model relies on the ongoing demand for digital engagement tools. The capital raised is typically intended to fund technology upgrades and corporate expansion. This transition marks a significant shift from a private technology firm to a publicly traded player in the Indian fintech services market.
Anchor Investor Allotment
| Anchor Investor Name | Eq. Shares | Allocation % | Bid Price | Investment Amount | 30-Day Lock-in | 90-Day Lock-in |
|---|---|---|---|---|---|---|
| Bengal Finance & Investment Private Limited | 343,000 | 30.35% | ₹146.00 | ₹5.01 Cr | 11 May 2026 | 05 Aug 2026 |
| Rajasthan Global Securities Private Limited | 274,000 | 24.25% | ₹146.00 | ₹4.00 Cr | 11 May 2026 | 05 Aug 2026 |
| PESB Alpha Fund | 134,000 | 11.85% | ₹146.00 | ₹1.96 Cr | 11 May 2026 | 05 Aug 2026 |
| Viney Growth Fund | 103,000 | 9.11% | ₹146.00 | ₹1.50 Cr | 11 May 2026 | 05 Aug 2026 |
| SB Opportunities Fund II | 69,000 | 6.11% | ₹146.00 | ₹1.01 Cr | 11 May 2026 | 05 Aug 2026 |
| Paradise Moon Investment Fund - I | 69,000 | 6.11% | ₹146.00 | ₹1.01 Cr | 11 May 2026 | 05 Aug 2026 |
| Vikasa India EIF I Fund - Incube Global Opportunities | 69,000 | 6.11% | ₹146.00 | ₹1.01 Cr | 11 May 2026 | 05 Aug 2026 |
| CCV Emerging Opportunities Fund-I | 69,000 | 6.11% | ₹146.00 | ₹1.01 Cr | 11 May 2026 | 05 Aug 2026 |
| TOTAL (8 investors) | 1,130,000 | 100.00% | ₹16.50 Cr | |||
Lock-in dates calculated from allotment date (30 & 90 calendar days, adjusted to next NSE trading day as per exchange holiday calendar).
For live subscription data, allotment status and full IPO analysis, visit IPONOVA — India's IPO Intelligence Platform.
Frequently Asked Questions
- When does the Novus Loyalty Ltd. IPO open and close?
- The Novus Loyalty Ltd. IPO opens for subscription on 17 Mar 26. It closes on 20 Mar 26.
- What is the price band of Novus Loyalty Ltd. IPO?
- The price band of Novus Loyalty Ltd. IPO is ₹139.00 to ₹146.00 per share.
- What is the minimum lot size for Novus Loyalty Ltd. IPO?
- The minimum lot size for Novus Loyalty Ltd. IPO is 1000 shares, requiring a minimum investment of ₹146,000.
- When will Novus Loyalty Ltd. list on stock exchanges?
- Novus Loyalty Ltd. is expected to list on BSE SME on 25 Mar 26.
- How can I check Novus Loyalty Ltd. IPO allotment status?
- You can check Novus Loyalty Ltd. IPO allotment status on IPONOVA after the basis of allotment is finalized, or via the registrar's website using your PAN number, application number, or DP/Client ID.
- How to apply for Novus Loyalty Ltd. IPO?
- You can apply for Novus Loyalty Ltd. IPO through your broker's app (Zerodha, Groww, Upstox, etc.) or via UPI-enabled net banking using ASBA. Submit the application during the IPO subscription window with the price within the band ₹139.00 to ₹146.00 per share.
Data Sources & Verification
This page aggregates publicly available data for the Novus Loyalty Ltd. IPO from the following authoritative sources:
- SEBI — Red Herring Prospectus (RHP) and regulatory filings · sebi.gov.in
- BSE Limited — Issue circulars, subscription data, listing notices · bseindia.com
- National Stock Exchange of India (NSE) — Public issue data, listing data · nseindia.com
- Registrar to the Issue — Allotment status (Link Intime, KFin Technologies, Bigshare Services, MUFG Intime)
Subscription, allotment and listing data is refreshed throughout each IPO's issue window directly from the exchanges and registrars listed above. Always read the official offer document (RHP) before applying. For corrections, contact IPONOVA Editorial Desk.