Summary of this article
Innovision's IPO is in its final day of bidding window, at a lower price band to attract investor interest
Innovision IPO has been booked 1.2 times over the issue size, with QIBs showing most interest
Innovision’s initial public offering (IPO) has entered the last day of bidding on March 17. The subscription window of the public issue opened on March 10 and was extended to March 17 from March 12, and the price band at the issue was lowered due to an initial tepid response from investors. Currently, the grey market premium (GMP) indicates strong listing prospects of the company on the stock exchanges.
Innovision IPO: Offer Size, Price Band
Innovision aims to raise Rs. 319.25 crore through the book-build issue. The IPO consists of a mix of fresh issue of 4.9 million equity shares along with 1.2 million shares on offer-for-sale (OFS). The price band at the issue was lowered to Rs. 494-519 per share from the initial Rs. 521-548 per share band. The lot size to apply to the issue is 27 shares. Retail investors have to invest a minimum of Rs. 14,013 in the issue.
Emkay Global Financial Services is acting as the book-running lead manager, and Kfin Technologies is the registrar of the issue. After the bidding window closes on March 17, the share allotment of the IPO is expected to be finalised on March 18. Shares of Innovision are expected to be listed on NSE and BSE on March 20.
Innovision IPO: Subscription Status
Investors have booked 1.2 times the IPO of Innovision so far on the sixth day of bidding in the primary market. Investors have applied for 7.61 million shares out of around 6.40 million shares on offer. Qualified institutional investors have shown strong demand in the issue, booking 12.6 times their quota, or applying for 804,978 shares.
Non-institutional investors have booked 2.6 times their quota, subscribing for 5.71 million shares. Meanwhile, retail individual investors continued to show tepid interest in the issue, subscribing for 1.17 million shares, which is 28 per cent of the shares reserved for them.
Innovision IPO: GMP Today
As per multiple websites, the latest GMP indicates a firm listing prospects of the stock on the exchanges. The current GMP is at Rs. 26, with the tentative listing price of Rs. 545 per share at debut. Lowering the price band at the issue likely translated to a strong listing prospect, though according to the old price band, the GMP is currently Rs. 3 lower than the upper end of the old price band.
Innovision IPO: Key Financials
Innovision posted a net profit of Rs. 20 crore on revenue of Rs. 483.10 crore for the first half of the financial year 2025-26. The company’s revenue stood at Rs. 895.95 crore during FY25, rising from Rs. 512.13 crore in FY24. In FY25, the company’s net profit also rose to Rs. 29.02 crore from Rs. 10.27 a year earlier.
