Quarterly Result25 May 2026, 06:22 pm
Novus Loyalty: Bonus Issue & IPO Boost Equity to ₹15.55 Cr
AI Summary
Novus Loyalty Ltd announced its half-yearly audited results, highlighting a significant increase in equity share capital. The company issued 1,22,40,000 equity shares as bonus shares in the ratio of 1200:1, enhancing the equity share capital by ₹12,24,00,000. Additionally, the company issued 33,00,000 equity shares through an Initial Public Offer (IPO) at a premium of ₹136 per share. Following these issues, the total equity share capital stands at ₹15,55,02,000. The IPO led to a share premium collection of ₹44,88,00,000, with ₹8,31,46,217 incurred as IPO expenses, adjusted against the share premium account. The company's shares were listed on the Bombay Stock Exchange on March 25, 2026.
Key Highlights
- Novus Loyalty issued bonus shares, increasing equity by ₹12.24 Cr.
- Company launched an IPO, issuing shares at a premium of ₹136.
- Total equity share capital after bonus and IPO is ₹15.55 Cr.
- IPO generated ₹44.88 Cr in share premium, with ₹8.31 Cr spent on IPO expenses.
- Shares listed on Bombay Stock Exchange on March 25, 2026.
Price Impact
More from NOVUS