Novus Loyalty IPO Subscription Status
Novus Loyalty IPO was subscribed 0.09 times when bidding closed on 20 Mar 2026: NII 0.01x, Retail 0.18x.
The Novus Loyalty IPO has been subscribed 0.09x times overall. Retail investors have shown interest with bids for 0.18x the shares available. The Non-Institutional Investor (NII) category has been subscribed 0.01x. Data last updated on 25 Aug, 12:55 PM.
The IPO subscription period has ended. The issue is currently undersubscribed, presenting a higher chance of allotment for applicants. The issue opened on 17 Mar, 2026 and closes on 20 Mar, 2026. The shares are expected to list on stock exchanges on 25 Mar, 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | 0 of 8,10,000 | -- |
| NII | 12,000 of 8,16,000 | 0.01x |
| Retail | 2,50,000 of 13,64,000 | 0.18x |
| TOTAL | 2,62,000 | 0.09x |
Application-wise breakup (estimated)
Approximate application counts — the exchanges don't publish these during bidding. Estimated from shares bid using the typical application size seen in recent IPOs' Basis of Allotment data. Max Applications is the number of allotment slots: one lot per retail winner, and the minimum NII application (the smallest lot count above ₹2 lakh) per sHNI and bHNI winner. Final counts appear here once the Basis of Allotment is out.
| Category | Est. Applied | Times | |
|---|---|---|---|
| Retail max 1,364 | 125 | 0.09x | |
| TOTAL (EST.) | 125 |
Novus Loyalty IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Currently undersubscribed. Retail investors applying now have a high mathematical probability of receiving full allotment.
Day-wise subscription history
End-of-day subscription across the 4-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
20 Mar 2026
Day 4 |
1.51x | ▼ | |
|
QIB1.38x
NII1.12x
Retail1.82x
|
|||
|
19 Mar 2026
Day 3 |
0.09x | ▼ | |
|
QIB-
NII0.01x
Retail0.18x
|
|||
|
18 Mar 2026
Day 2 |
0.09x | ▼ | |
|
QIB-
NII0.01x
Retail0.18x
|
|||
|
17 Mar 2026
Day 1 |
0.09x | ▼ | |
|
QIB-
NII0.01x
Retail0.18x
|
|||
Novus Loyalty SME IPO dates
From the bidding window to listing. Today is 30 October.
- Open 17 Mar 2026
- Close 20 Mar 2026
- Allotment 23 Mar 2026
- Refund/credit 24 Mar 2026
- Listing 25 Mar 2026
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Novus Loyalty IPO?
As of IPO close date (20 Mar, 2026), the Novus Loyalty IPO is subscribed 0.09x times. Retail category is 0.18x, and NII is 0.01x subscribed.
When is the allotment date for Novus Loyalty IPO?
The allotment for Novus Loyalty IPO is expected to be finalized on 23 March, 2026.
When will Novus Loyalty IPO list on the stock market?
Novus Loyalty is scheduled to list on BSE and NSE on 25 March, 2026.
What are the chances of getting allotment in Novus Loyalty IPO?
The retail category is currently undersubscribed at 0.18x, which means most applicants are likely to receive full allotment. This is a good window to apply if you haven't already.
How to check Novus Loyalty IPO allotment status?
After the allotment date (23 Mar, 2026), you can check your Novus Loyalty IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Novus Loyalty SME IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
