- Innovision shares debuted 10% below IPO price amid broad market selloff
- IPO was subscribed 3.22 times, with strong institutional investor demand
- Grey market had predicted an 18% discount at listing, as per Investorgain.com
Shares of Innovision Ltd. listed at a sharp discount to its IPO price on Monday amid a market-wide selloff. The stock opened 10% lower at Rs 467.7 on the NSE and Rs 466 on the BSE. The issue price was Rs 519.
Innovision IPO was subscribed 3.22 times last week, led by qualified institutional buyers (13.75 times) and non-institutional investors (8.26 times). The portion for retail institutional investors was booked only 58%.
The grey market price had indicated a listing discount of nearly 18%, according to Investorgain.com.
The stock market has been under pressure from the Gulf crisis, rising oil prices, relentless foreign outflows and fears of the impact on the economy and corporate earnings. The benchmark Nifty 50 and BSE Sensex tanked over 2% intraday.
Innovision IPO
The Rs 323-crore IPO comprised a fresh issue of Rs 255 crore and an offer for sale (OFS) of Rs 67.84 crore. Innovision will utilise Rs 51 crore from the net fresh issue proceeds for repayment of its borrowings, Rs 119 crore for working capital requirements, and the remaining funds will be utilised for general corporate purposes.
The Hyderabad-based company provides manpower services, toll plaza management, and skill development training across India. The company offers private security, integrated facility management (IFM), manpower sourcing and payroll services, and operates toll plazas primarily for the National Highways Authority of India (NHAI). As of January 2026, it served over 180 clients across more than 1,000 locations.
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