Innovision's Market Debut Marred by 10% Discount to Initial Public Offering Price

Innovision IPO Listing: Key Takeaways

Innovision Limited, a provider of manpower services, toll plaza management, and skill development, made its debut in the Indian stock market on March 23, listing at a 10% discount to its IPO price of ₹519 per share.

The stock opened at ₹466 on the BSE and ₹467 on the NSE, resulting in a 10% loss for IPO allottees. Despite this, the listing exceeded market expectations, with the GMP (Grey Market Premium) indicating an estimated listing price of ₹427.

IPO Details

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• Price Band: ₹494-₹519 per share (revised downward)
• Subscription: 3.32 times overall (as per NSE data)
• Retail Individual Investors (RIIs): 58% subscribed
• Non-Institutional Investors (NIIs): 8.26 times subscribed
• Qualified Institutional Buyers (QIBs): 13.75 times booked

The ₹519 crore raised from the fresh issue will be used to:

• Repay certain borrowings (₹51 crore)
• Deploy towards working capital needs (₹119 crore)
• Utilize for general corporate purposes (remaining funds)

Financial Performance

• Profit: ₹29 crore (182.5% jump from ₹10.3 crore in the previous year)
• Revenue: ₹893.1 crore (75% growth from ₹510.3 crore)
• Six months ended September 2025: ₹20 crore profit on ₹480 crore revenue

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