Novus Loyalty Limited
Minimum investment
Bidding date
17 Mar - 20 Mar 2026
Price range
₹139 - ₹146
Minimum quantity
1,000
Minimum investment
₹1,46,000
Issue size
₹60 Cr.
IPO doc (link)
RHP docsListing exchange
NSE/BSE
Novus Loyalty Ltd. was incorporated in 2011 and is a technology-driven company that provides loyalty and rewards solutions to businesses across multiple industries such as fintech, e-commerce, software, banking, FMCG, and real estate. The company focuses on helping businesses improve customer engagement and retention through modern loyalty programs. Novus Loyalty offers both customizable and ready-to-deploy loyalty program models including point-based reward systems, event-triggered campaigns, cashback programs, purchase-linked promotions, and digital voucher solutions. Its technology platform is designed to integrate smoothly with existing business systems and works across web platforms, mobile applications, and physical retail stores. The company provides its solutions through two deployment models: On-Premises infrastructure and SaaS (Software as a Service). The on-premises model allows enterprises to install the platform on their own servers for enhanced data control and security, while the SaaS model provides a cloud-based subscription solution that is scalable and easier to implement. Novus Loyalty operates in both domestic and international markets. In India, the company serves clients across states such as Telangana, Haryana, Uttar Pradesh, Maharashtra, Punjab, Tamil Nadu, Rajasthan, Delhi, and Karnataka. Internationally, it has clients in countries including the UAE, USA, Australia, and Puerto Rico. As of January 31, 2026, the company had around 50 employees supporting its operations and technology platform.
Comprehensive Loyalty Solutions: The company provides a wide range of loyalty and rewards solutions including point-based rewards, cashback programs, promotional campaigns, and digital vouchers.
Experienced Management Team: Novus Loyalty is led by experienced promoters and a management team with industry knowledge and operational expertise.
International Market Exposure: The company has clients across global markets which enhances its brand reach and revenue opportunities.
Quality Assurance Practices: The company focuses on quality assurance and certification processes to maintain service reliability and customer satisfaction.
Small Workforce: As of January 2026, the company has around 50 employees, which could limit scalability compared to larger technology companies.
High Valuation Risk: The IPO valuation metrics may appear relatively high for some investors, which could impact listing performance.
Dependence on Technology Adoption: The company’s growth depends on businesses adopting loyalty and engagement solutions, which may fluctuate with market trends.
SME Listing Risk: The IPO will be listed on the BSE SME platform, which generally has lower liquidity compared to the mainboard market.
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