IPO Listed — 25 Mar 2026
Listing Price: ₹146
Novus Loyalty SME IPO GMP History | Listing Price ₹146 & Kostak Rate
Novus Loyalty SME IPO has been listed on March 25, 2026 at a listing price of ₹146, against the issue price of ₹146 — a gain of ₹0 (+0%). The GMP peaked at ₹0 on 24 March 2026 and reached a low of ₹0 on 24 March 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Novus Loyalty SME IPO raised ₹60 Cr. through its IPO at a price band of ₹139 to ₹146 per share, with a lot size of 1000 shares. The IPO was open for subscription from 17 Mar 2026 to 20 Mar 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 24 Mar 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 23 Mar 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 21 Mar 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 20 Mar 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 19 Mar 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 18 Mar 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 17 Mar 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 16 Mar 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 13 Mar 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 12 Mar 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 11 Mar 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 |
Novus Loyalty SME IPO Dates
| Event | Date |
|---|---|
| Open Date | 17 Mar, 2026 |
| Close Date | 20 Mar, 2026 |
| Allotment Date | 23 Mar, 2026 |
| Refund Date | 24 Mar, 2026 |
| Credit to Demat | 24 Mar, 2026 |
| Listing Date | 25 Mar, 2026 |
Novus Loyalty SME IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹146 |
| Actual Listing Price | ₹146 (+0%) |
| Listing Gain / Loss | +₹0 per share |
| Listing Date | 25 Mar, 2026 |
Is Novus Loyalty SME IPO GMP Reliable?
Grey market premium for Novus Loyalty SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Novus Loyalty SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Novus Loyalty SME IPO IPO Kostak Rate Explained
The Kostak rate for Novus Loyalty SME IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Novus Loyalty SME IPO
The company offers a range of services including loyalty programme management, reward fulfilment, and digital engagement solutions. Its business model is largely asset-light, generating revenue through service fees and programme management charges from corporate clients. Novus Loyalty primarily caters to sectors like banking, retail, and telecom, and has developed a scalable platform to serve both domestic and international clients.
Frequently Asked Questions about Novus Loyalty SME IPO
What is the GMP of Novus Loyalty SME IPO?
The current Grey Market Premium (GMP) of Novus Loyalty SME IPO is not yet started or active in the market.
What is the Kostak Price of Novus Loyalty SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Novus Loyalty SME IPO is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.
What is the Subject to Sauda Price of Novus Loyalty SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.
What was the actual listing price of Novus Loyalty SME IPO?
Novus Loyalty SME IPO listed on March 25, 2026 at ₹146, against the issue price of ₹146 — a gain of +0%.
How did the GMP of Novus Loyalty SME IPO trend before listing?
The GMP of Novus Loyalty SME IPO was stable in its final days before listing. The GMP peaked at ₹0 on 24 March 2026. View the day-wise table above for the complete GMP history.
Explore Novus Loyalty SME IPO Further
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