Innovision Ltd’s IPO opened for subscription on March 10, 2026, with a price band set between ₹521 and ₹548 per share. As of March 11, the IPO has seen a 12% subscription rate.
Innovision IPO Opens for Subscription
Innovision Ltd, a Gurgaon-based integrated facility management company, has launched its initial public offering (IPO), which opened for public subscription on March 10, 2026. The IPO is set to close on March 12, 2026, with an aim to raise ₹322.84 crore from the market.
Pricing and Allotment Details
The price band for the Innovision IPO is established between ₹521 and ₹548 per share, with a lot size of 27 shares. This pricing strategy is designed to attract a wide range of investors, from retail to institutional buyers. The allotment date for the shares is scheduled for March 13, 2026, while the listing is expected to occur on March 17, 2026.
Current Subscription Status
As of March 11, 2026, the Innovision IPO has been subscribed at a rate of 12%. Within this figure, the Retail Individual Investors (RIIs) category has seen a subscription rate of 6%, indicating a moderate interest from smaller investors. In contrast, the Qualified Institutional Buyers (QIBs) category has shown a robust subscription rate of 96%, reflecting strong confidence from institutional investors.
GMP Insights
Investors are closely monitoring the Grey Market Premium (GMP) for Innovision’s shares, which currently stands at ₹71 per share. This figure suggests a positive outlook for the stock, with an estimated listing price projected at ₹619 apiece, significantly above the upper end of the IPO price band.
The launch of Innovision’s IPO comes at a time when the market is experiencing varied investor sentiments. The high subscription rate among QIBs may indicate a favorable market environment for new listings, while the lower interest from retail investors could be attributed to broader economic factors affecting individual investment decisions.
Looking Ahead
With the IPO closing soon, market observers are keenly awaiting the final subscription figures and the subsequent allotment results. The performance of Innovision’s shares on their listing date will be closely watched, as it could set the tone for future IPOs in the sector. Details remain unconfirmed.
