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Innovision IPO Shares Plunge 22% After Debuting at 10% Discount

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Innovision IPO Debuts at 10% Discount, Plunges 22% on Weak Market Entry

Innovision IPO Debuts at 10% Discount, Plunges 22% on Weak Market Entry

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CNBC TV18•23-03-2026, 10:20

Innovision IPO Debuts at 10% Discount, Plunges 22% on Weak Market Entry

•Innovision shares listed at a 10% discount to the IPO price, opening at ₹467.70 (NSE) and ₹466 (BSE) against the ₹519 issue price.
•The ₹319 crore IPO was subscribed 3.46 times, driven by strong QIB (14.30x) and NII (8.60x) participation, while retail demand was weak (0.60x).
•The company, founded in 2007, provides manpower services and toll plaza management, operating across 23 states and 5 union territories.
•Proceeds from the fresh issue will repay ₹51 crore in borrowings and allocate ₹119 crore for working capital.
•Innovision reported a 182.5% profit increase to ₹29 crore in FY25, with revenue up 75% to ₹893.1 crore.

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