Novus Loyalty IPO — Day 2: All You Need to Know
Novus Loyalty's Initial Public Offering (IPO) is into its second day of bidding today, Wednesday March 18, drawing a steady response from investors. The offer opened on March 17 and remains open until March 20.
This is an SME IPO worth ₹60.15 crore, structured as a combination of a fresh issue of ₹48 crore and an Offer for Sale (OFS) of approximately ₹12 crore.
The company has set the price band at ₹139 to ₹146 per share. Investors can bid in lots of 1,000 shares. Retail investors must apply for a minimum of 2 lots, which means a minimum investment of ₹2,92,000 at the upper price band.v
