New Delhi, March 19 -- The initial public offering of Novus Loyalty opened for subscription on Tuesday, March 17 and will close today, Thursday, March 19. The Novus Loyalty IPO price band has been set in the range of Rs.139-146 per share.

The company aims to raise Rs.60.15 crore from this initial public offering (IPO), which is a mix of fresh shares and an offer for sale (OFS). The issue is a combination of fresh issue of 0.33 crore shares aggregating to Rs.48.18 crore and offer for sale of 0.08 crore shares aggregating to Rs.11.97 crores.res aggregating to Rs.290.00 crore.

The SME IPO allotment is expected on Friday, March 20, while successful applicants are likely to receive their shares on Monday, March 23. Refunds for non-allottees ...