What was the subscription level for Innovision's IPO?

Innovision's IPO saw a weak response, with overall subscription around 30% despite extensions and price reductions.

Did retail investors show strong interest in the Innovision IPO?

No, retail investor participation in the Innovision IPO remained muted, with only 26% subscription in that category.

How much did Innovision aim to raise through its IPO?

Innovision aimed to raise approximately Rs 323 crore through its public issue.

Home / Business and Economy / Innovision IPO Stumbles: Subscription Falls Flat

Innovision IPO Stumbles: Subscription Falls Flat

13 Mar

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Summary

Innovision's IPO saw only 30% subscription despite extensions.
Retail and NII participation remained muted throughout the bidding.
The company aims to raise Rs 323 crore through the public issue.

Innovision's Initial Public Offering (IPO) experienced weak investor response, securing only around 30% subscription. This performance persisted even after the bidding period was extended and the price band was lowered in an effort to boost interest.

The IPO, originally open from March 10 to March 12, was extended to March 17. The price band was adjusted from Rs 521-548 to Rs 494-519 per share starting March 13. Despite these measures, the overall subscription remained low.