Innovision IPO Subscribed 0.12 Times on Day 2
Last Updated: 11th March 2026 - 05:08 pm
Innovision Limited's initial public offering (IPO) recorded an overall subscription of 0.12 times by 4:49 PM on Day 2 (March 11, 2026). The ₹322.84 crore book-build issue, priced at ₹521–₹548 per share, received bids for 7,04,241 shares against 58,91,285 shares on offer, with total applications reaching 7,878.
Subscription Status of Innovision IPO
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 (March 10) | 1.00 | 0.00 | 0.02 | 0.02 |
| Day 2 (March 11) | 1.00 | 0.19 | 0.07 | 0.17 |
Here are the subscription details for Innovision IPO as of Day 1, 4:54 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| QIB (Ex-Anchor) | 1.00 | 58,913 | 58,913 | 3.23 |
| Non-Institutional Buyers | 0.19 | 20,03,037 | 3,88,935 | 21.31 |
| Retail | 0.07 | 38,29,335 | 2,56,392 | 14.05 |
| Total | 0.17 | 58,91,285 | 7,04,241 | 38.59 |
Key Highlights – Day 2
- Overall subscription reached 0.12 times on Day 2 (March 11, 2026), improving from Day 1's 0.02 times, though investor interest remains subdued heading into the final day.
- Qualified institutional buyers (ex-anchor) maintained full subscription at 1.00 times, unchanged from Day 1.
- Non-institutional investors improved to 0.19 times from negligible levels on Day 1, with bNII at 0.27 times and sNII at 0.03 times.
- Retail investors improved marginally to 0.07 times from Day 1's 0.02 times.
Key Highlights – Day 1
- Overall subscription reached 0.02 times on Day 1 (March 10, 2026), reflecting very cautious initial investor interest in this manpower services IPO.
- Qualified institutional buyers (ex-anchor) achieved full subscription at 1.00 times on the opening day.
- Non-institutional investors showed negligible participation at 0.00 times, with no bNII bids recorded on Day 1.
- Retail investors showed negligible participation at 0.02 times on Day 1.
About Innovision Limited
Incorporated in 2007, Innovision Limited provides manpower services, toll plaza management, and skill development training across 23 states and five union territories through 35 offices. Its manpower services span manned private security, integrated facility management, and manpower sourcing and payroll. As of January 15, 2026, the company served more than 180 clients across over 1,000 premises in sectors including retail, healthcare, warehousing, logistics, and BFSI.
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