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Innovision extends IPO till Mar 17, price band cut amid weak response; check Day 4 status

Kamal Joshi
By Kamal Joshi

2 min read | Updated on March 13, 2026, 07:47 IST

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SUMMARY

Innovision extends IPO: The ₹305.76 crore initial share sale consists of a fresh issue of ₹241.51 crore and an offer for sale (OFS) of ₹64.25 crore by promoters Lt Col Randeep Hundal and Uday Pal Singh.

A lot of Innovision IPO consists of 27 shares and multiples thereof. | Image: innovision.co.in

A lot of Innovision IPO consists of 27 shares and multiples thereof. | Image: innovision.co.in

Innovision IPO: The initial public offering of manpower and toll plaza management services provider Innovision Ltd has been extended till March 17, and the price band has been reduced after a tepid response from investors.

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According to the initial plan, the IPO was earlier scheduled to conclude on March 12. The new price band is ₹494 to ₹519 per share, lower than the earlier price band of ₹521 to ₹548 per share. The new price range would come into effect from March 13, it added.

Innovision IPO Day 4: Subscription status

The subscription details for the fourth day of the issue will be available after 10 am. In the first three days of bidding, the investor participation remained subdued as the issue was subscribed 32%.

The part reserved for qualified institutional buyers was booked 99%, while the non-institutional investors' quota received a 36% subscription.

The retail individual investor portion attracted 28% subscription.

The ₹305.76 crore initial share sale consists of a fresh issue of ₹241.51 crore and an offer for sale (OFS) of ₹64.25 crore by promoters Lt Col Randeep Hundal and Uday Pal Singh.

The funds generated are intended to be used towards debt clearance, working capital needs and general corporate purposes.

A lot consists of 27 shares and multiples thereof.

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Innovision IPO allotment and listing date (Revised)

  • Subscription period: March 10 to March 17
  • Basis of allotment: March 18
  • Refund initiation: March 19
  • Credit of shares to Demat account: March 19
  • Listing on NSE and BSE: March 20

Innovision is engaged in offering toll plaza management, skill development training and manpower services across India. It serves clients across sectors such as retail, healthcare, logistics, warehousing, and BFSI. Some of its customers include Stellar Value Chain, Sequel Logistics and Max Healthcare.

Emkay Global Financial Services is the only book-running lead manager for the issue, while KFin Technologies serves as the registrar.

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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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