Summary of this article
Innovision IPO on day two has seen 10 per cent of shares getting subscribed
IPO GMP indicates firm listing prospects on stock exchanges
Innovision has entered the primary market with its initial public offering (IPO) and is in its second day of the issue window. The subscription window of the IPO opened on March 10 and will close on March 12. So far, only 10 per cent of the shares offered by the company have been subscribed, but the grey market premium (GMP) indicates firm listing prospects on NSE and BSE.
Innovision IPO: Subscription Status
Innovision’s IPO have so far only seen 10 per cent of the issue being subscribed. Investors across categories have booked 625,131 shares. Most interest was seen from qualified institutional buyers (QIBs), with 96 per cent of the shares reserved for them booked so far, or 58,914 shares.
Non-institutional investors (NIIs) have applied for 331,776 shares so far, which is 16 per cent of their quota. Meanwhile, retail individual investors, for whom 695,009 shares have been reserved, have only applied for 3 per cent of the quota so far.
Innovision IPO: Offer Size, Price Band
Innovision is looking to raise Rs. 322.84 crore through a combination of fresh issue of 4.70 million shares and offer-for-sale (OFS) of 1.20 million shares. The price band at the issue has been fixed at Rs. 521-548 per share. The minimum lot size is 27 shares. For retail investors, a minimum investment of Rs. 14,796 needs to be made to apply for the issue.
The share allotment of the IPO is expected to be completed on March 13, and the tentative listing of the issue on the stock exchanges is expected on March 17.
For the issue, Emkay Global Financial Services is the book-running lead manager, and Kfin Technologies is the registrar.
Innovision IPO: GMP Today
As per various websites, the latest GMP is at Rs. 59 above the upper end of the price band. The estimated listing price, as per the current GMP, is Rs. 607 per share, and is expected to give investors a 10.8 per cent gain at listing on the stock exchanges.
Innovision IPO: Key Financials
Innovision posted revenue of Rs. 483.1 crore for the half year ended on September 2025. During the first six months, the company earned Rs. 20 crore as net profit and Ebitda of Rs. 30.42 crore.
In FY25, the company reported its revenue at Rs. 895.95 crore, rising from Rs. 512.13 crore in the previous fiscal. In FY25, the net profit of the company stood at Rs. 29.02 crore, up from Rs. 10.27 crore. The Ebitda rose to 51.75 crore in FY25 from Rs. 19.66 crore in the previous year.
