Novus Loyalty IPO
Bookbuilding IPO | ₹60.00 Cr | Listing at BSE SME
IPO Open
Tue, Mar 17, 2026
IPO Close
Fri, Mar 20, 2026
Price Band
₹139.00 to ₹146.00
Market Cap (Pre-IPO)
₹227.03 Cr
IPO Details
| IPO Date | Mar 17, 2026 to Mar 20, 2026 |
| Listing Date | Tentative: Mar 25, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹139.00 to ₹146.00 |
| Lot Size | 1000 Shares (Minimum: ₹146,000.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Issue Size | ₹60.00 Crores |
| Total Shares Offered | 4,120,000 shares |
| Fresh Issue | 3,070,000 shares |
| Offer For Sale | 820,000 shares |
Novus Loyalty IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 19,40,000 (47.09%) |
| Retail Shares Offered | 13,65,000 (33.13%) |
| NII Shares Offered | 5,85,000 (14.20%) |
Novus Loyalty IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹292,000 |
| Retail (Max) | 2 | 2,000 | ₹292,000 |
| S-HNI (Min) | 3 | 3,000 | ₹438,000 |
| S-HNI (Max) | 6 | 6,000 | ₹876,000 |
| B-HNI (Min) | 7 | 7,000 | ₹1,022,000 |
Novus Loyalty Financial Information (Restated Consolidated)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 21.83 | 14.81 | 12.36 | 13.38 |
| Total Income | 71.43 | 104.63 | 73.61 | 59.61 |
| Profit After Tax | 5.80 | 3.58 | 2.96 | 0.55 |
| EBITDA | 7.79 | 5.69 | 4.82 | 2.27 |
| NET Worth | 18.89 | 13.09 | 9.50 | 6.54 |
| Reserves and Surplus | 6.64 | 13.08 | 9.49 | 6.53 |
| Total Borrowing | - | - | 0.82 | 3.53 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 31.74% |
| ROCE (Return on Capital Employed) | 40.40% |
| RoNW (Return on Net Worth) | 27.39% |
| PAT Margin (Profit After Tax Margin) | 3.43% |
| EBITDA Margin | 5.44% |
| Price to Book Value | 13.67 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.93 | 7.47 |
| P/E (x) | 49.89 | 19.56 |
| Promoter Holding | 95.62% | - |
Company Promoters
- Deepak Tomar and Sweta Singh are the company promoters.
Company Strengths
- Comprehensive Loyalty Solutions
- Experienced promoters and management team
- Quality assurance and quality certification
- Clients in international markets
Use of Proceeds
| 1') | Funding of expenditure towards Investment in upgrading enhancement of and development of new products | 13.00 |
| 2) | Business Development and Marketing Activities including manpower hiring | 9.62 |
| 3) | General corporate purposes and unidentified inorganic acquisition |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Novus Loyalty IPO Peer Comparison
Novus Loyalty peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Novus Loyalty Ltd | 2.93 | 2.93 | 10.68 | - | 27.39 | - | - |
| Pelatro Ltd. | 5.64 | 5.64 | 77.64 | 53.72 | 6.31 | 3.94 | - |
Quick Info
| Sector | Information Technology - Data Solutions and Software |
| Exchange | BSE SME |
| Market Cap (Pre-IPO) | ₹227.03 Cr |
Important Dates
| IPO Open | Mar 17, 2026 |
| IPO Close | Mar 20, 2026 |
| Allotment Date | Mar 23, 2026 |
| Credit to Demat | Mar 24, 2026 |
| Listing Date | Tentative: Mar 25, 2026 |
Lead Manager(s)
Smart Horizon Capital Advisors Pvt.Ltd.
Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
Description
IPO Type: Book build issue aggregating to ₹60.15 crores.
Issue Structure: Combination of a fresh issue of 0.33 crore shares (₹48.18 crores) and an offer for sale of 0.08 crore shares (₹11.97 crores).
IPO Dates: The issue opens on March 17, 2026 and closes on March 20, 2026.
Allotment Date: Expected to be finalized on March 23, 2026.
Listing Details: Shares are proposed to be listed on the SME platform of BSE Limited (BSE SME) with a tentative listing date of March 25, 2026.
IPO Price Band: ₹139 to ₹146 per equity share.
Lot Size: 1,000 shares per lot.
Retail Investment Requirement: Minimum 2 lots (2,000 shares) amounting to approximately ₹2,92,000 at the upper price band.
HNI Investment Requirement: Minimum 3 lots (3,000 shares) totaling around ₹4,38,000.
The IPO provides investors an opportunity to participate in an SME sector listing, subject to market risks.