Key Quantitative Figures

  • Gross IPO proceeds raised: ₹4,818 lakhs
  • Date of fund raising: March 20, 2026
  • Amount utilized for IPO-related expenses: ₹831.46 lakhs
  • Outstanding proceeds as of March 31, 2026: ₹3,986.54 lakhs
  • Total proceeds match utilization plus outstanding amount (₹831.46 lakhs + ₹3,986.54 lakhs = ₹4,818 lakhs)

Dates of Action

  • Fund raising date: March 20, 2026
  • Reporting period: Quarter ended March 31, 2026
  • Filing date: May 28, 2026

Parties Involved

  • Listed entity: Novus Loyalty Limited (formerly Novus Loyalty Pvt. Ltd.)
  • Regulatory recipient: BSE Limited Listing Compliance Department
  • Monitoring agency: Care Ratings Limited
  • Signing officer: Vibhore Rastogi (Compliance Officer & CFO, DIN: 11127637)
  • Reviewing body: Audit Committee of Novus Loyalty Limited

Utilization Status

  • IPO proceeds have been partially utilized specifically for IPO-related expenses amounting to ₹831.46 lakhs
  • The remaining amount of ₹3,986.54 lakhs is temporarily held in bank fixed deposits
  • The company confirms these funds will be utilized as per the objects stated in the offer document

Material Deviation Assessment

  • The company confirms there has been no material deviation in the use of IPO proceeds from the objects stated in the offer document
  • This confirmation has been duly reviewed by the Audit Committee for the quarter ended March 31, 2026
  • No shareholder approval was required or obtained as there is no deviation
  • The auditors have provided no comments on the matter

Financial Impact

  • The disclosure confirms proper allocation of funds as per IPO objectives
  • No financial impact from deviation as none has occurred
  • The outstanding funds represent temporary placement awaiting deployment according to original plans

Corporate Identity

  • Company CIN: U72900HR2011PLC127344
  • GST No: 06AAECC4455C1Z1
  • Registered address: 727, Udyog Vihar, Phase 5, Gurugram, Haryana 122016