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livemint_marketsabout 3 hours ago
NEUTRAL(85%)
hold

Novus Loyalty IPO Day 3: Last day to buy the issue; check GMP, subscription status, and other details for the SME IPO

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+20
Market Impact Score
-100 Bearish+100 Bullish

AI Analysis

This news is not directly related to the metals sector. It pertains to an SME IPO, which is a distinct segment of the capital market.

Trading Insight

N/A for metals sector. For SME IPOs, consider the grey market premium (GMP) and subscription levels for listing day strategy.

Key Evidence

  • •Novus Loyalty IPO opened on March 17 and closed today (March 19).
  • •The IPO aims to raise ₹60.15 crore.
  • •The issue was subscribed 1.04 times by Day 3.
  • •Retail investors showed strong interest.
  • •The stock is set to list on BSE SME on March 25.

Affected Stocks

Novus Loyalty
Mixed

The company is undergoing its IPO process and will list soon. The subscription status is a key indicator for its initial performance.

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