Innovision IPO Oversubscribed 3.32 Times on Closing Day

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Innovision IPO Subscribed 3.32 Times on Final Day After Price Cut

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News18•17-03-2026, 19:00

Innovision IPO Subscribed 3.32 Times on Final Day After Price Cut

•Innovision Ltd's IPO subscribed 3.32 times on its final day, March 17.
•The company extended the closing date and reduced the price band due to lukewarm initial investor response.
•QIBs subscribed 13.75 times, non-institutional investors 8.26 times, while RIIs subscribed 58 percent.
•The revised price band was Rs 494-519 per share, down from Rs 521-548.
•Proceeds from the Rs 255 crore fresh issuance will fund debt payment, working capital, and general corporate purposes.

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