Novus Loyalty IPO Subscription Status

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 20 Apr, 04:44 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.

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Live Subscription Data
Day-wise Subscription History
Allotment Probability
What Does This Subscription Data Mean?
Frequently Asked Questions

Total Subscription

0.09 x

NII 0.01x

Retail 0.18x

Live Bidding

Category	Offered	Applied	Bid Details	TIMES
QIB	8,10,000	0	0 of 8,10,000	--
NII	8,16,000	12,000	12,000 of 8,16,000	0.01x
Retail	13,64,000	2,50,000	2,50,000 of 13,64,000	0.18x
TOTAL	29,90,000	2,62,000	2,62,000 -	0.09x

Last Updated: 20 Apr 2026, 04:44 PM

Subscription Insights

Retail Allotment

Currently undersubscribed. Retail investors applying now have a high mathematical probability of receiving full allotment.

Day-wise Subscription History

Subscription trends over the last 4 days

Date	Total	QIB	NII	Retail
20 Mar 2026 DAY 4	1.51x	1.38x	1.12x	1.82x
QIB 1.38x NII 1.12x Retail 1.82x
19 Mar 2026 DAY 3	0.09x	-	0.01x	0.18x
QIB -x NII 0.01x Retail 0.18x
18 Mar 2026 DAY 2	0.09x	-	0.01x	0.18x
QIB -x NII 0.01x Retail 0.18x
17 Mar 2026 DAY 1	0.09x	-	0.01x	0.18x
QIB -x NII 0.01x Retail 0.18x

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Novus Loyalty IPO Allotment Probability

Retail

High

Undersubscribed — full allotment likely

NII / HNI

High

Undersubscribed

QIB

TBA

Often moves on final day

Allotment probability is calculated based on current subscription multiples. Retail allotment is by lottery when oversubscribed; NII allotment is proportionate. Final numbers may change until subscription closes. This is not investment advice.

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:

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.
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.
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.
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 market hours (10 AM – 5 PM IST) on active subscription days.

Frequently Asked Questions

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.