Novus Loyalty IPO Review & Recommendations

Notes:

• The figures for our company are based on Restated Financial Statements for the year ended March 31, 2025, after considering the bonus issue.
• P/E Ratio has been computed based on their respective closing market price on March 05, 2026, as divided by the Basic EPS as on March 31, 2025.
• RoNW is calculated as Restated Profit for the year attributable to equity shareholders divided by the Net Worth of the Company.
• Net asset value per equity share is calculated as net worth as of the end of the relevant year divided by the weighted average number of equity shares outstanding at the end of the year.
• Price Earning (P/E) Ratio in relation to the Issue Price of ₹[●] per share.
• The face value of our share is ₹10/- per share and the Issue Price is of ₹[●] per share are [●] times of the face value.