Innovision IPO Allotment Status Confirmed: Details on Checking GMP and Online Allocation Status

Innovision IPO Allotment Status Finalized

Key Details:

• Innovision IPO allotment status has been finalized for the initial public offering (IPO) of the manpower services provider.
• The IPO received a decent response from investors, prompting an extension of the bidding dates.
• The IPO was open for public subscription from March 10 to March 17 and is scheduled to list on the stock exchanges next week.

IPO Listing Details:

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• IPO Listing Date: Next week
• Stock Exchanges: BSE and NSE

IPO Subscription Status:

• Total Subscription: 3.32 times
• Retail Individual Investors (RIIs): 58% subscribed
• Non Institutional Investors (NII): 8.26 times subscribed
• Qualified Institutional Buyers (QIBs): 13.75 times subscribed

IPO Pricing and Utilization:

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• IPO Price Band: ₹494 to ₹519 per share
• Net Proceeds Utilization: Repayment of borrowings, funding working capital requirements, and general corporate purposes

IPO Allotment Status Check:

• Investors can check their allotment status online through the websites of BSE, NSE, and Kfin Technologies (IPO Registrar).
• The websites are:
  • BSE: https://www.bseindia.com/investors/appli_check.aspx
  • NSE: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
  • Kfin Technologies: https://ipostatus.kfintech.com/

Grey Market Premium (GMP):

• Innovision IPO GMP Today: ₹-75 per share
• Estimated Listing Price: ₹444 per share (at a discount of 14.45% to the IPO price)