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News Details

( As on 10/03/2026 11:40)

Novus Loyalty announces launch of initial public offering

Novus Loyalty Ltd. has announced public offering of 4120000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 136.00 per share. The gross proceeds of the issue are expected to be Rs 6,015.20 lakhs.

The company's initial public offer (IPO) will open on Tuesday, March 17, 2026 and is expected to close on Friday, March 20, 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 139.00-146.00 per share.

The IPO includes a fresh Issue of 4120000 Equity Shares of the Company at an price of Rs 146.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Novus Loyalty Ltd. anticipates using the proceeds of the issue for .

Smart Horizon Capital Advisors Pvt. Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.