Innovision IPO Subscribed 3.46 Times on Day 6

No image 5paisa Capital Ltd - 3 min read

Last Updated: 17th March 2026 - 05:27 pm

Innovision Limited's initial public offering (IPO) closed its extended subscription window at 3.46 times overall subscription by 4:54 PM on Day 6 (March 17, 2026). The ₹322.84 crore book-build issue, priced at ₹521–₹548 per share, received bids for 2,12,65,470 shares against 61,51,294 shares on offer, with total applications reaching 82,857.

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
Day 3 (March 12) 1.03 0.38 0.29 0.33
Day 4 (March 13) 0.99 0.36 0.27 0.31
Day 5 (March 16) 13.09 2.73 0.29 1.25
Day 5 (March 17) 14.30 8.60 0.60 3.46

Here are the subscription details for Innovision IPO as of Day 6, 4:54 PM:

Investor Category Subscription (times) Shares Offered Shares bid for Total Amount (₹ Cr.)
QIB (Ex-Anchor) 14.30 61,513 8,79,849 45.66
Non-Institutional Buyers 8.60 20,91,440 1,79,80,569 933.19
Retail 0.60 39,98,341 124,05,052 124.82
Total 3.46 61,51,294 2,12,65,470 1,103.68

Key Highlights – Day 6

  • Overall subscription reached 3.46 times on the final day, surging from Day 5's 1.25 times, driven by continued momentum across institutional and NII categories.
  • Non-institutional investors more than tripled to 8.60 times from Day 5's 2.73 times, with bNII at 10.29 times and sNII at 5.22 times.
  • Qualified institutional buyers (ex-anchor) improved further to 14.30 times from Day 5's 13.09 times.
  • Retail investors improved to 0.60 times from Day 5's 0.29 times, though participation remained below full subscription.

Key Highlights – Day 5

  • Overall subscription crossed full subscription at 1.25 times on the final day, surging from Day 4's 0.31 times, driven by a sharp late surge in institutional and HNI demand.
  • Qualified institutional buyers (ex-anchor) led the surge at 13.09 times, rising sharply from 0.99 times on Day 4, indicating heavy institutional interest concentrated on the closing day.
  • Non-institutional investors crossed full subscription at 2.73 times, with bNII at 3.80 times and sNII at 0.59 times.
  • Retail investors recorded 0.29 times, broadly unchanged from Day 4's 0.27 times.

Key Highlights – Day 4

  • Overall subscription reached 0.31 times, declining marginally from Day 3's 0.33 times.
  • Qualified institutional buyers (ex-anchor) slipped to 0.99 times from Day 3's 1.03 times.
  • Non-institutional investors recorded 0.36 times, with bNII at 0.39 times and sNII at 0.31 times.
  • Retail investors recorded 0.27 times, declining marginally from Day 3's 0.29 times.
     

Key Highlights – Day 3

  • Overall subscription reached 0.33 times, improving from Day 2's 0.12 times.
  • Qualified institutional buyers (ex-anchor) crossed full subscription at 1.03 times.
  • Non-institutional investors improved to 0.38 times, with bNII at 0.41 times and sNII at 0.32 times.
  • Retail investors improved to 0.29 times from Day 2's 0.07 times.

Key Highlights – Day 2

  • Overall subscription reached 0.12 times, improving from Day 1's 0.02 times.
  • Qualified institutional buyers (ex-anchor) maintained full subscription at 1.00 times, unchanged from Day 1.
  • Non-institutional investors improved to 0.20 times from negligible levels on Day 1, with bNII at 0.28 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, 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, 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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Krishca Strapping Solutions Limited

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  • Date Range 23 Oct- 27 Oct’23
  • Price 23
  • IPO Size 200