Innovision IPO Reaches 12% Subscription on Second Day

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Innovision IPO Subscribed 12% on Day 2; QIBs Lead with 96% Bids

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News18•11-03-2026, 18:45

Innovision IPO Subscribed 12% on Day 2; QIBs Lead with 96% Bids

•Innovision Ltd's IPO received 12% subscription on its second day of bidding, March 11.
•The Rs 322.84-crore IPO saw bids for 7,14,258 shares against 61,32,433 shares on offer.
•Qualified Institutional Buyers (QIBs) category was 96% subscribed, while non-institutional investors hit 19% and Retail Individual Investors (RIIs) 6%.
•The IPO includes a fresh issue of up to Rs 255 crore and an offer-for-sale, with a price range of Rs 521-548 per share.
•Proceeds will fund debt payment, working capital, and general corporate purposes; the issue concludes March 12.

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