31 Mar 2023
Assets13.38
Total Income59.61
EBITDA2.27
Profit After Tax0.55
NET Worth6.54
Reserves and Surplus6.53
Total Borrowing3.53
At a glance
Updated 2026-08-24Novus Loyalty is a SME IPO with an issue size of ₹60.15 crore, proposed for listing on BSE SME. The offer opens on 17th Mar 2026 and closes on 20th Mar 2026. The issue structure includes a fresh issue of ₹44.82 crore and an offer-for-sale component of ₹11.97 crore.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹60.15 Cr
Fresh issue₹44.82 Cr
Offer for sale₹11.97 Cr
Face value₹10
Price band₹139.00–₹146.00
Allotment23rd Mar 2026
Listing25th Mar 2026
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper price0.00%
Est. listing₹146.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens17th Mar 2026
Closes20th Mar 2026
Allotment23rd Mar 2026
Refund24th Mar 2026
Demat24th Mar 2026
Listing25th Mar 2026
Subscription demand
Full bidding ↗Total1.55×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2000 | ₹292,000 |
Company
Incorporated2011
Use of proceeds
| Object | Amount |
|---|---|
| Funding of expenditure towards Investment in upgrading enhancement of and development of new products | ₹13.00 Cr |
| Business Development and Marketing Activities including manpower hiring | ₹9.62 Cr |
| General corporate purposes and Unidentified Inorganic Acquisitions | ₹16.86 Cr |
| Issue Expenses | ₹10.86 Cr |
| Total | ₹50.34 Cr |
Financials
Full financials ↗31 Mar 2024
Assets12.36
Total Income73.61
EBITDA4.82
Profit After Tax2.96
NET Worth9.50
Reserves and Surplus9.49
Total Borrowing0.82
31 Mar 2025
Assets14.81
Total Income104.63
EBITDA5.69
Profit After Tax3.58
NET Worth13.09
Reserves and Surplus13.08
30 Sep 2025
Assets21.83
Total Income71.43
EBITDA7.79
Profit After Tax5.80
NET Worth18.89
Reserves and Surplus6.64
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2025 | Sep 30, 2025 |
|---|---|---|
| ROE | 31.74% | 36.30% |
| ROCE | 40.40% | 40.64% |
| RoNW | 27.39% | 30.73% |
| PAT Margin | 3.43% | 8.13% |
| EBITDA Margin | 5.44% | 10.91% |
| Price to Book Value | 13.67 | 9.47 |
Valuation & shareholding
Pre-IPO EPS2.93
Post-IPO EPS7.47
Pre-IPO P/E49.89
Post-IPO P/E19.56
Promoter holding pre95.62%
Promoter holding post70.05%
Market cap₹227.03 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Funding of expenditure towards Investment in upgrading enhancement of and development of new products | ₹13.00 Cr |
| Business Development and Marketing Activities including manpower hiring | ₹9.62 Cr |
| General corporate purposes and Unidentified Inorganic Acquisitions | ₹16.86 Cr |
| Issue Expenses | ₹10.86 Cr |
| Total | ₹50.34 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- Smart Horizon Capital Advisors...
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.