ListedSMEIT - SoftwareNOVUS

Novus Loyalty IPO

Novus Loyalty IPO is an SME IPO raising ₹60 Cr at ₹139 – ₹146 a share. It listed on 25 Mar 2026 at ₹146, 0.0% against its issue price of ₹146, and trades at ₹208 today (+42.5% since issue). It was subscribed 1.62× in total.

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₹146

Issue price

₹208

Price now

+42.5%

Since issue price

25 Mar 2026

Listed on

1.62×Subscribed (final) · all exchanges

Just covered — bids slightly exceed the shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹139 – ₹146

Cut-off price₹146

Issue size₹60 Cr

Shares per lot1000

Minimum application₹1,46,000

Minimum quantity2000

Face value₹10

Listing exchangesBSE

ISININE1TFS01019

Bidding hours10:00 – 17:00 IST

Bidding window17 Mar 2026 – 20 Mar 2026

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.