Shares of Innovision made a weak debut on the stock exchanges, listing at a steep discount and falling further in early trade.
The stock opened on the National Stock Exchange at ₹467.70, marking a 9.8 per cent decline from its issue price of ₹519. On the BSE Limited, the shares debuted at ₹466, down 10.2 per cent. Selling pressure intensified after listing, dragging the stock to an intraday low of ₹407.10, representing a sharp 21.5 per cent fall below the offer price.
The initial public offering of the Haryana-based manpower and toll plaza management services provider saw moderate investor interest, with the issue subscribing 3.32 times on the final day of bidding. The company had earlier extended the IPO closing date to March 17 and trimmed its price band following a muted response during the initial days of the share sale.
The public issue, which opened for subscription on March 10, was originally set to close on March 12. However, amid tepid participation, the company revised the price band to ₹494–519 per share from the earlier ₹521–548 range and extended the bidding window. Subscription levels had remained subdued during the first three days.
The IPO comprised a fresh issue of shares worth ₹255 crore along with an offer for sale of 12.38 lakh equity shares by existing shareholders. Proceeds from the fresh issue are slated to be used for debt repayment, meeting working capital requirements, and general corporate purposes.
Published on March 23, 2026
