Innovision IPO Subscribed 2% on Day 1; QIBs Show Strong Interest

• Innovision Ltd's IPO, worth Rs 322.84 crore, saw 2% subscription on its first day of bidding, March 10.
• Qualified Institutional Buyers (QIBs) category was 96% subscribed, while Retail Individual Investors (RIIs) reached 2%.
• The IPO includes a fresh issue of up to Rs 255 crore and an offer-for-sale of 12,38,000 equity shares, priced at Rs 521-548 per share.
• Proceeds will fund debt payment, working capital, and general corporate purposes; the public issue concludes March 12.
• Innovision provides manpower, toll plaza management, skill development, and recruitment services through its subsidiary Innovision International Pvt Ltd.