Innovision share price: Stock lists at nearly 10% discount on NSE; here's how much investors lost per lot

This reflects a discount of 9.88% against the IPO issue price of ₹519 per equity share.

On the BSE, the stock started trading at ₹466, down 10.21% from the issue price.

Innovision IPO: Here's how much investors lost per lot

The initial public offering was subscribed a total of 3.32 times. The IPO got bids for 2,12,70,519 shares compared to 63,99,943 shares on offer, according to data available on the NSE website.

Innovision had extended the closing date of its initial public offering (IPO) to March 17 from March 12 and had also reduced the price band due to a lukewarm response from investors.

The Haryana-based company's initial share sale was a mix of a fresh issuance of ₹255 crore and an offer for sale (OFS) component of 12.38 lakh equity shares from promoters Lt Col Randeep Hundal and Uday Pal Singh.

The funds generated will be utilised for offering integrated facility management services and manpower services, which include manned private security, as well as manpower sourcing and payroll management.

The toll plaza management services include user fee collection and related services at toll plazas, secured via competitive bidding processes. Moreover, the company is empanelled with the National Highways Authority of India (NHAI) for toll collection at various locations.

Emkay Global Financial Services was the only book-running lead manager to the issue.