Innovision IPO: GMP Rises Indicating Strong Gains On Listing, Check Subscription Details On Day 3

The initial public offering (IPO) of Innovision is in its final day of the issue window. The subscription window opened on March 10 and will close on March 12. So far, investors have subscribed only 21 per cent of the shares. The grey market premium (GMP) rose on March 12 and indicates firm listing prospects on the stock exchanges.

Innovision IPO: Subscription Status

Investors across categories have subscribed only 21 per cent of the IPO so far, booking for nearly 1.31 million shares. Qualified institutional buyers (QIBs) have shown the most interest, subscribing 96 per cent of their quota. Non-institutional investors (NIIs) have subscribed 27 per cent of their quota, booking for 559,386 shares so far. Meanwhile, retail individual investors, have only applied for 17 per cent of the quota so far, applying for 688,824 shares.

Innovision IPO: Offer Size, Price Band

Innovision plans to raise Rs 322.84 crore through the IPO. The issue consists of a combination of 4.70 million fresh shares and an offer for sale (OFS) of 1.20 million shares. The issue price band is at Rs. 521-548 per share with a minimum lot size is 27 shares. Retail investors need to invest a minimum of Rs 14,796 to apply in the issue.

The share allotment is expected to be finalised on March 13 and the shares will tentatively list on both the BSE and the NSE on March 17. Emkay Global Financial Services is the book running lead manager, while Kfin Technologies is the registrar to the issue.

Innovision IPO: GMP Today

The GMP has risen on the final day of the issue window, indicating strong listing prospects on the stock exchanges. At present, the GMP is at Rs 71 above the upper end of the price band, according to multiple websites. The estimated listing price of the stock is at Rs 619 per share, at nearly 13 per cent gain.

Innovision IPO: Key Financials

For the half year ended September 2025, Innovision reported revenues of Rs 483.10 crore and earned Rs 20 crore as net profit. In FY25, the company’s revenue rose to Rs 895.95 crore from Rs 512.13 crore in FY24. Its net profit rose to Rs 29.02 crore in FY25 from Rs 10.27 crore in the previous year.