Innovision IPO Allotment Update

Key Highlights

• The initial public offering (IPO) of Innovision is expected to conclude its allotment process today, March 18, 2025.
• The IPO was initially scheduled to end on March 12, but was extended to March 17 due to weak investor participation.
• The price range for the IPO was decreased to ₹494 to ₹519 per share from ₹521 to ₹548 per share earlier.

IPO Subscription Status

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• The IPO was subscribed 3.46 times by the end of Day 6.
• The retail portion was subscribed 0.60 times, while the NII portion was booked 8.60 times.
• Qualified Institutional Buyers (QIBs) portion received 14.30 times bids.

IPO Allotment Details

• Bids were received for 2.12 crore shares against 61.51 lakh shares on offer.
• Investors can check their allotment status online through the BSE website or Kfin Technologies, the registrar to the issue.

IPO Details

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• The IPO size was ₹319.25 crore, comprising a fresh issue of ₹255.00 crore and an offer for sale (OFS) of ₹64.25 crore by promoters.
• The total IPO size stood at ₹305.76 crore.
• Out of the proceeds from the fresh issue, ₹51 crore has been earmarked for repayment or prepayment of certain borrowings, and ₹119 crore has been allocated towards working capital requirements.

Listing Details

• Innovision shares are set to debut on both the NSE and BSE on Friday, March 20.
• The stock is currently trading at a discounted price in the grey market, with a GMP of ₹-28 per share.
• Based on this premium, the stock is estimated to list at around ₹491 apiece, reflecting a 5.4% loss over the IPO price.