IPO Details
IPO Open Date
17 Mar 2026
IPO Close Date
20 Mar 2026
Issue Size
Approx ₹60.15 Crores
Price Band
₹139 to ₹146 Per Share
Listing Price
₹146.00
Listing Percent
0%
Novus Loyalty IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares Bid For | Total Amount (₹ Cr) | Total Applications |
|---|---|---|---|---|---|
| Anchor | 1 | 11,30,000 | 11,30,000 | ₹ 16.498 | - |
| Market Maker | 1 | 2,30,000 | 2,30,000 | ₹ 3.358 | - |
| QIB (Ex Anchor) | 1.38 | 8,10,000 | 11,15,000 | ₹ 16.279 | - |
| QIB (Ex Anchor) | 1.17 | 5,86,000 | 6,84,000 | ₹ 9.986 | - |
| bNII (> ₹10L) | 1.31 | 3,91,000 | 5,12,000 | ₹ 7.475 | - |
| sNII (< ₹10L) | 0.88 | 1,95,000 | 1,72,000 | ₹ 2.511 | - |
| Individual Investors | 1.82 | 13,64,000 | 24,80,000 | ₹ 36.208 | - |
| Total ** | 1.55 | 27,60,000 | 42,79,000 | ₹ 62.473 | 1,341 |
IPO Shares Offered
| Category | Shares Offered | Amount (₹ Cr) | Size (%) |
|---|---|---|---|
| Market Maker | 2,30,000 | ₹ 3.36 | 5.58% |
| QIB | 19,40,000 | ₹ 28.32 | 47.09% |
| Anchor | 11,30,000 | ₹ 16.50 | 27.43% |
| QIB (Ex Anchor) | 8,10,000 | ₹ 11.83 | 19.66% |
| NII* | 5,86,000 | ₹ 8.56 | 14.22% |
| bNII (> ₹10L) | 3,91,000 | ₹ 5.71 | 9.49% |
| sNII (< ₹10L) | 1,95,000 | ₹ 2.85 | 4.73% |
| Retail | 13,64,000 | ₹ 19.91 | 33.11% |
| Total | 41,20,000 | ₹ 60.15 | 100% |
Basis of Allotment
| Category | Ex. Anchor | Anchor Investor | Total QIB | Below ₹10L | Above ₹10L | Total NII | Retail | Total |
|---|---|---|---|---|---|---|---|---|
| Allocation (No. of shares) | 8,10,000 | 11,30,000 | 19,40,000 | 1,95,000 | 3,91,000 | 5,86,000 | 13,64,000 | 38,90,000 |
| Allotment price (Rs.) | 146 | 146 | 146 | 146 | 146 | 146 | 146 | 146 |
| No.of applications | 10 | 8 | 18 | 54 | 24 | 78 | 1,216 | 1,312 |
| No.of shares applied | 11,15,000 | 14,39,000 | 25,54,000 | 1,75,000 | 5,12,000 | 6,87,000 | 24,32,000 | 56,73,000 |
| Amount collected (Rs.cr.) | 16.28 | 21.01 | 37.29 | 2.56 | 7.48 | 10.03 | 35.51 | 82.83 |
| No.of times subscribed | 1.38 | 1.27 | 1.32 | 0.90 | 1.31 | 1.17 | 1.78 | 1.46 |
| No.of shares allotted | 8,10,000 | 11,30,000 | 19,40,000 | 1,75,000 | 4,11,000 | 5,86,000 | 13,64,000 | 38,90,000 |
| Amount (Rs.cr.) | 11.83 | 16.50 | 28.32 | 2.56 | 6.00 | 8.56 | 19.91 | 56.79 |
| No.of allottees | 10 | 8 | 18 | 54 | 24 | 78 | 682 | 778 |
Anchor Investors Allocation
Anchor Bid Date: 16 Mar 2026
Anchor Price: ₹146.00
Anchor as % of QIBs: 58.25%
| S.No. | Anchor Investor | Shares Allotted | Amount (₹ Cr) | % within Anchor | % of Issue |
|---|---|---|---|---|---|
| 1 |
BENGAL FINANCE & INVESTMENT PVT.LTD.
BENGAL FINANCE & INVESTMENT
|
3,43,000 | ₹ 5.01 | 30.35 | 8.33 |
| 2 |
RAJASTHAN GLOBAL SECURITIES PVT.LTD.
RAJASTHAN GLOBAL SECURITIES
|
2,74,000 | ₹ 4.00 | 24.25 | 6.65 |
| 3 |
PESB ALPHA FUND
PESB CAPITAL
|
1,34,000 | ₹ 1.96 | 11.86 | 3.25 |
| 4 |
VINEY GROWTH FUND
VINEY
|
1,03,000 | ₹ 1.50 | 9.12 | 2.50 |
| 5 |
SB OPPORTUNITIES FUND II
SB OPPORTUNITIES FUND
|
69,000 | ₹ 1.01 | 6.11 | 1.67 |
| 6 |
PARADISE MOON INVESTMENT FUND I
PARADISE MOON
|
69,000 | ₹ 1.01 | 6.11 | 1.67 |
| 7 |
VIKASA INDIA EIF I FUND-INCUBE GLOBAL OPPORTUNITIES
VIKASA
|
69,000 | ₹ 1.01 | 6.11 | 1.67 |
| 8 |
CCV EMERGING OPPORTUNITIES FUND I
CCV
|
69,000 | ₹ 1.01 | 6.11 | 1.67 |
| Total | 1,130,000 | ₹ 16.51 | 100% | 27.41% |
Understanding IPO Subscription Status
What is Subscription Times?
Subscription times indicate how many times the IPO has been subscribed. For example, if subscription is 5x, it means the IPO received 5 times more applications than shares available.
Investor Categories
- QIB (Qualified Institutional Buyers): Large institutional investors like mutual funds, insurance companies, banks
- NII (Non-Institutional Investors): High net-worth individuals and corporates
- sNII: Small NII with investment above ₹2 lakhs but below ₹10 lakhs
- bNII: Big NII with investment above ₹10 lakhs
- Retail: Individual investors investing up to ₹2 lakhs
- Anchor Investors: Selected institutional investors who get allocation before IPO opens
How to Interpret the Data?
- Higher subscription times generally indicate strong demand
- Retail and NII oversubscription shows interest from individual investors
- QIB subscription reflects institutional confidence
- Day-wise data helps track momentum during the IPO period