Novus Loyalty SME IPO Subscription
ListedUpdated 25 March 2026, 9:15 AM IST· BSE SME
Novus Loyalty SME IPO subscription closed on 20 March 2026 at 1.63x overall by shares. QIB demand came in at 1.38x, NII at 1.56x, and retail at 1.82x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 23 March 2026. Listing date on NSE and BSE is 25 March 2026.
Novus Loyalty SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 17 Mar 2026 | 0.76x | 0.45x | 1.04x | 0.83x |
| Day 2 - 18 Mar 2026 | 0.89x | 0.09x | 1.22x | 0.88x |
| Day 3 - 19 Mar 2026 | 0.89x | 0.58x | 1.38x | 1.06x |
| Day 4 - 20 Mar 2026 | 1.38x | 1.17x | 1.82x | 1.55x |
Novus Loyalty SME IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Novus Loyalty SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 1.82x | 1 in 2 |
| SHNI (Rs 2L to Rs 10L) | 0.82x | Very high |
| BHNI (above Rs 10L) | 0.19x | Very high |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Novus Loyalty SME IPO Allotment Status page from 23 March 2026 for your result.
Novus Loyalty SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 146.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 11.83 Cr | Rs 16.28 Cr | 1.38x |
| FII | - | - | - |
| DFI | - | Rs 2.51 Cr | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 13.77 Cr | - |
| NII | Rs 8.54 Cr | Rs 13.34 Cr | 1.56x |
| bNII (above Rs 10L) | Rs 5.69 Cr | Rs 10.83 Cr | 1.90x |
| Corporate | - | Rs 3.36 Cr | - |
| Individual | - | Rs 7.48 Cr | - |
| Other | - | - | - |
| sNII (Rs 2L to Rs 10L) | Rs 2.85 Cr | Rs 2.51 Cr | 0.88x |
| Corporate | - | - | - |
| Individual | - | Rs 2.47 Cr | - |
| Other | - | Rs 4.38 L | - |
| IND | Rs 19.93 Cr | Rs 36.21 Cr | 1.82x |
| Fixed price | - | Rs 36.21 Cr | - |
| Total | Rs 40.30 Cr | Rs 65.83 Cr | 1.63x |
Novus Loyalty SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 810 | 10 | 0.01x |
| FII | - | - | - |
| DFI | - | 1 | - |
| Mutual Funds | - | - | - |
| Other | - | 9 | - |
| NII | 195 | 78 | 0.40x |
| bNII (above Rs 10L) | 130 | 25 | 0.19x |
| Corporate | - | 1 | - |
| Individual | - | 24 | - |
| Other | - | - | - |
| sNII (Rs 2L to Rs 10L) | 65 | 53 | 0.82x |
| Corporate | - | - | - |
| Individual | - | 52 | - |
| Other | - | 1 | - |
| IND | 682 | 1,240 | 1.82x |
| Fixed price | - | 1,240 | - |
| Total | 1,687 | 1,328 | 0.79x |
What Do These Subscription Numbers Mean?
1.63x overall by shares means bids covered about 2 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 1.38x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (0.40x by applications). Split: SHNI 0.82x, BHNI 0.19x by applications. SHNI and BHNI allotment is by lottery.
At 1.82x subscription by applications, about 1 in 2 retail applicants may get allotment (~55% chance per application). Retail allotment is also by lottery.
Novus Loyalty SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 17 March 2026 |
| IPO Close Date | 20 March 2026 |
| Allotment Date | 23 March 2026 |
| Refund Initiation | 24 March 2026 |
| Share Credit to Demat | 24 March 2026 |
| Listing Date | 25 March 2026 |
| Minimum Investment | Rs 2,92,000.00 |
| Lot Size | 1000 shares |
About Novus Loyalty SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Novus Loyalty SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Novus Loyalty SME Details
Issue size, price, financials, and company info
Novus Loyalty SME GMP
Live grey market premium and listing estimate
Novus Loyalty SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Novus Loyalty SME Allotment
Allotment date, chances, and check by PAN
Novus Loyalty SME Review
SWOT, strengths, risks, and IPO review
Novus Loyalty SME FAQ
Common questions on dates, GMP, and allotment
Novus Loyalty SME Registrar
Registrar website and how to check allotment
Novus Loyalty SME Timeline
Open, close, allotment, and listing dates
Novus Loyalty SME News
Updates, blogs, and latest IPO news
Novus Loyalty SME IPO Subscription FAQs
What is Novus Loyalty SME IPO subscription status today?
Novus Loyalty SME IPO subscription closed on 20 March 2026 with overall subscription of 1.63x (by shares) as of 25 August 2026, 12:47 AM IST. QIB 1.38x, NII 0.40x, IND 1.82x.
What is the overall subscription of Novus Loyalty SME IPO?
Novus Loyalty SME IPO is subscribed 1.63x overall by shares at close on 20 March 2026. QIB 1.38x, NII 0.40x, and IND 1.82x.
What is Novus Loyalty SME IPO QIB subscription?
Novus Loyalty SME IPO QIB (Qualified Institutional Buyers) subscription is 1.38x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Novus Loyalty SME IPO IND subscription?
Novus Loyalty SME IPO IND subscription is 1.82x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Novus Loyalty SME IPO NII, SHNI, and BHNI subscription?
Novus Loyalty SME IPO NII subscription is 0.40x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 0.82x and BHNI (above Rs 10L) at 0.19x.
What are Novus Loyalty SME IPO retail allotment chances?
At 1.82x subscription by applications, about 1 in 2 retail applicants may get allotment (~55% chance per application). Allotment is by lottery.
What are Novus Loyalty SME IPO SHNI allotment chances?
Novus Loyalty SME IPO SHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
What are Novus Loyalty SME IPO BHNI allotment chances?
Novus Loyalty SME IPO BHNI share subscription is 1.90x. Application data is needed for exact lottery chances.
When is Novus Loyalty SME IPO allotment date?
Novus Loyalty SME IPO allotment date is 23 March 2026. Check Novus Loyalty SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Novus Loyalty SME IPO subscription close?
Novus Loyalty SME IPO subscription closed on 20 March 2026. No new applications are accepted after the close.
What is Novus Loyalty SME IPO GMP today?
GMP for Novus Loyalty SME IPO is not available yet. Track Novus Loyalty SME IPO GMP Today on IPOwiz once grey market activity starts.
What is Novus Loyalty SME IPO issue price and lot size?
Novus Loyalty SME IPO issue price is ₹146 per share. Lot size is 1000 shares. Minimum investment is ₹2,92,000 per lot (minimum 2 lots for SME). Issue size: ₹56.79 Cr.
When is Novus Loyalty SME IPO listing date?
Novus Loyalty SME IPO listing date is 25 March 2026 on NSE and BSE. Allotment is on 23 March 2026.
How does subscription affect Novus Loyalty SME IPO allotment?
In Novus Loyalty SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 1.63x overall, competition is moderate.
For allotment results from 23 March 2026, visit the Novus Loyalty SME IPO Allotment Status page. For listing day updates on 25 March 2026, download the IPOwiz App.
Sources
We match Novus Loyalty SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.